|Introduction||Download the latest release of the ProFile, version 2018.2.0.|
T1/TP1 highlights include:
To update ProFile, select the “Check for Updates” option from the “Online” drop-down menu in the top toolbar.
For a list of issues fixed in the current and recent releases, see “What was fixed in recent ProFile releases”.
For question, please call ProFile support at 1-800-452-9970 or visit www.profile.intuit.ca
Dependant Worksheet – Caregiver Amount allocation
A new section is added under the “Caregiver” section of the worksheet. With this new section, users can view the total federal and provincial Caregiver amounts available for each dependant and allocate the percentage to be claimed on the taxpayer’s and the spouse’s returns.
ProFile defaults to claim 100% of the federal and provincial credit on the spouse who has the higher taxable income. To change the allocation, override the percentage claim to the desired amount.
Schedule 14 - Climate Action Incentive
The Climate Action Incentive (CAI) is introduced for the 2018 and subsequent tax years to return the proceeds expected from the federal pollution pricing system to residents of the provinces from which proceeds are generated. This federal payment is available only to residents in New Brunswick, Ontario, Manitoba, and Saskatchewan on December 31 of the year, these being the jurisdictions where the federal pollution pricing system is being imposed.
ProFile will calculate the amount of CAI for eligible individuals and their spouse provided that they meet the basic conditions, and who are confirmed at the onscreen checkboxes as meeting the rest of the of the conditions to qualify for the credit. The CAI may be claimed by either spouse for the family, but cannot be claimed on both returns. Indicate which return you wish to claim the CAI at the onscreen checkbox.
The amounts for eligible dependants will calculate provided that the dependant meets the basic conditions, and are confirmed on the Dependant worksheet as meeting all of the conditions to qualify for the credit. On the Dependant worksheet, also indicate whether the dependant is claiming the CAI on their own return (for linked returns, this will change automatically). If the CAI is claimed on the dependant’s return, the individual will not be able to claim the amount for the dependant.
The CAI will include a supplementary amount for people who live in rural areas, in recognition of their increased energy needs and reduced access to energy-efficient transportation options. Rural areas will be defined as anywhere within the province that is “outside of a census metropolitan area (CMA), as defined by Statistics Canada. To claim the supplement, answer “Yes” at Line 6014.
The following fields are on the new Schedule 14:
The eligible capital property - T2125CEC, ResourceCEC, T1163-T1273CEC, T2042CEC, T2121CEC
T1 Jacket: Employee home relocation loans deduction
|T2||Carry forward from 2018 Cantax|
|T3/TP646||Most-relevant rates published|
The most-relevant rates published by CRA are implemented in this release of T3/TP646 module.
|FX/Q||New RL Slips Filing Service|
RL Slips .xml certification
|Coming Soon||Coming soon...|