What's New in ProFile...

T1/TP1 highlights include:

• 2019 T1 form updates
• 2019 TP1 form updates

T3/TP-646 highlights include:

• Federal T3, NR4 XML filing
• 2019 form updates
• RL16 XML filing

FX/Q highlights include:

• updated Quebec RL slip paper and web service filing
• updated Federal and Quebec Forms

Systems highlights include:

• Backup to Cloud support for T3 2019 module

Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 has ended

On January 14, 2020, Microsoft ended support for Windows 7, Windows Server 2008, and 2008 R2.  ProFile users must update their operating system to a supported version if they are still using the Windows 7 operation system, Windows Server 2008, or 2008 R2 servers.

For more details, please visit our support article.

About ProFile

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 questions, please call ProFile support at 1-800-452-9970 or visit www.profile.intuit.ca

ON-CARE, Childcare Access and Relief from Expenses (CARE) tax credit

Effective for the 2019 tax year, if you were a resident of Ontario at the end of the year and claimed child care expenses on line 21400 for one or more eligible children, you may be eligible for the Ontario Childcare Access and Relief from Expenses (CARE) tax credit.

The CARE tax credit supports families with adjusted family incomes of up to $150,000 and would provide them with a credit of up to 75% of their eligible child care expenses.

To calculate the credit, indicate the supporting persons for each eligible child. If there are any supporting persons other than the taxpayer and the spouse, you must enter the net income, childcare expenses deduction, and social assistance benefits repayment from that supporting person’s tax return.

The most-relevant rates published by CRA are implemented in this release of T3/TP-646 module.

T3Slip and NR4 slip XML filing

• T3 and NR4 slip XML filing release

T3RET XML filing

ProFile will assess the electronic filing (EFILE) restriction of a trust return and display whether it is eligible for XML filing on the T3EFILE worksheet.

To EFILE the trust return, select the Transmit T3 return… option under the EFILE drop-down menu in the top toolbar.  Note that T3RET and T3 slips XML filings require two separate transmissions via ProFile.

The Quebec RL Slip Web Service Filing is updated for 2019 and 2020 tax years.

Updated Quebec Slips and Forms

• RL1
• RLZ-1.S (RL1Sum)
• RL2
• RL3
• RL8
• RL15
• RL24
• RL25
• RL30 (obsolete slip removed)
• RL31
• TP1015.3

Updated Federal Slips

• LE-39.0.2
• TD1
• TD1AB
• TD1BC
• TD1MB
• TD1NB
• TD1NL
• TD1NS
• TD1NT
• TD1NU
• TD1ON
• TD1PE
• TD1SK
• TD1YT
• T5

The new Backup to Cloud feature replaces the previous ProFile Review feature.

Click here to review our support article on Backup to Cloud.

• T1 Barcode and T1 condensed
• TP1 authorized paper filing
• 2019 T1 EFILE
• 2019 T1013 EFILE and barcode
• 2019 T1135 EFILE
• 2019 TP1 NETFILE
• 2019 AFR (Auto-fill My Return) EFILE
• T1PAD (pre-authorized debit) EFILE
• RC59 EFILE for T1
• CO17 paper and Internet filing
• T5013/TP600 paper filing and EFILE
• 2019 TP646 authorized filing

T1/TP1 highlights include:

• first version paper filing release of ProFile for T1/TP1 2019
• new 5-digit field codes: commencing with the 2019 tax return, keying fields on the return and on all federal, provincial, and territorial schedules and forms are renumbered by CRA requirement. Existing line numbers that were out of sequence have been re-sequenced and any line numbers in 3 and 4 digits have been changed to 5 digits. Lines in the 1000, 7000, 8000 and 9000 ranges are not affected.
• batch carry forward now available

T3/TP-646 highlights include:

• paper certified T3 federal income tax return
• paper certified T3 slip and T3 summary

FX/Q highlights include:

• updated federal slips and XML filing
• T2202 XML filing (new!)

Systems highlights include:

• Backup to Cloud support for T3 2019 module
• TaxCycle carry forward for T1 and T2 (new!)

Windows 7, Windows Server 2008 and 2008 R2 ending in January 2020

On January 14, 2020, Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 will end.  ProFile users must update their operating system to a supported version.

For more details, please visit our support article.

About ProFile

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

Schedule 14, Climate Action Incentive (for residents of Alberta)

Commencing with the 2019 tax return the climate action incentive is available to residents of Alberta who qualify.

Schedule YT(14)  - Yukon Government Carbon Price Rebate

The Yukon Government Carbon Price Rebates is an amount paid to individuals and businesses to help offset the cost of the federal carbon pollution pricing levy.

Starting in July 2020 the rebate payments will be issued quarterly to individuals separately from the income tax refund. The taxpayer and their spouse or common-law partner (if applicable) must file a return as a resident of the Yukon every year to continue receiving the rebate.

The taxpayer will receive the basic rebate automatically based on information contained in their return. The Yukon carbon price rebate is the same amount for every resident of Yukon, regardless of age, income, or marital status. The taxpayer may qualify for a 10% remote supplement if, on December 31, 2019, they resided outside Whitehorse.

To claim the remote supplement, indicate “Yes” at Part 1, Line 63790, to the question “Do you reside outside of Whitehorse on December 31 of the tax year?”

To display the estimated rebate that will be paid to the individual, choose “Yes” to the question “Display estimated rebate on this taxpayer’s return?”

To claim the Yukon Business Carbon Price Rebate, complete Part 2. The rebate is a refundable credit based on the UCC and CCA of eligible Yukon assets used to calculate your business income in the year. To calculate the rebate, indicate the amount of eligible UCC and CCA for all eligible assets under Category 1, 2 and/or 3.

ON428A, Low-income individuals and families tax (LIFT) credit

Individuals that were Canadian residents on January 1, 2019 and Ontario residents on December 31, 2019 may be eligible for the non-refundable Low-income Individuals and families tax (LIFT) credit.

The taxpayer could receive up to $850 to be applied against any Ontario tax payable, as long as they have employment income.

If you have a spouse or common-law partner who has employment income, they can also claim this credit on their return.

To claim the credit, complete form ON428A.

Form T90, Income Exempt under the Indian Act

This form calculates the net exempt income for taxpayers registered or entitled to be registered as an Indian under the Indian Act. This income is reported to Canada Revenue Agency to determine the taxpayer’s Canada training credit limit (CTCL) and Canada Workers Benefit (CWB).

For taxpayers with this exempt income, indicate on line 38105 of the Schedule 6, Canada Workers Benefit, if the exempt income should be included in calculating the CWB.

T224, Nova Scotia Venture Capital Tax Credit

Effective for the 2019 tax year, a new non-refundable venture capital tax credit has been introduced for individual investors who invest in a venture capital corporation or fund.

The credit can be claimed for eligible investments made in a qualifying venture capital fund that was acquired in 2019 or in the first 60 days of 2020.

The credit is equal to 15% of eligible investments and can be used to reduce your Nova Scotia tax payable. Any unused credits can be carried forward for seven years.

T225, Nova Scotia Innovation Equity Tax Credit

Effective for the 2019 tax year, a new non-refundable tax credit has been introduced for eligible investors who invest in an approved corporation.

The credit can be claimed for eligible investments made in 2019 or in the first 60 days of 2020.

The maximum annual eligible investment is $250,000.

The credit is equal to 35% of eligible investments made in approved corporations (45% for eligible investments made in approved corporations within the oceans technology and life sciences sectors) up to a maximum claim of $112,500 per tax year and can be used to reduce your Nova Scotia tax payable. Any unused credits can be carried forward for seven years.

Removed Forms

T7DRA pre-print

Pre-printed T1 remittance form is removed from ProFile.

S4, Statement of investment income, carrying charges and interest expenses

CRA has discontinued this form.

The detailed summary of taxable dividends, interest and other investment income included on lines 12010, 12000 and 12100 has been moved to the worksheet “Other income”. Additional investment income not already included on slips can be entered here.

The detailed summary of carrying charges and interest expenses included on line 22100 has been moved to the worksheet “Other deductions”. Any deductions not already included on slips can be entered here.

S12, Home Accessibility Expenses

CRA has discontinued this form.

Home Accessibility Expenses for line 31285 have been moved to the worksheet “Other credits”. Enter eligible home accessibility expenses here if you are claiming this credit.

Updated Forms

T1 Income Tax and Benefit Return

New lines added:

• Line 10105 - Tax-exempt income for emergency services volunteers
• Line 11905 - EI and PPIP maternity and paternity benefits
• Line 13010 - Taxable scholarship income and research grants
• Line 22215 - Deduction for CPP/QPP enhanced contributions

Schedule 1 - Federal Tax

The Schedule 1 has been eliminated. The Federal tax calculations are now included under step 5 of the Federal Income Tax and Benefit Return.

Schedule 3, Capital Gains (or Losses)

Capital gains at 100%

Disposition received pursuant to subsection 100(1) of the Income Tax Act from a partner selling an interest in a partnership are taxed at the 100% inclusion rate. The amount of this gain will be reported on line 50410 and included in full in the total capital gains amount calculated on line 19900 on the Schedule 3 and on line 12700 of the return. For prior year tax returns for 2012 to 2018, use supporting line number 5041.

The following supporting line has been added to support Schedule 3:

• 50410 Capital gains at 100%

Schedule 6, Canada Workers Benefit

For 2019 and later years, the working income tax benefit (WITB) has been renamed as the Canada Workers Benefit (CWB).

The following lines have been added to (or to support) Schedule 6:

• 53755, CWB income from other returns (required on a subsection 70(1) return, if applicable)
• 38105, Are you choosing to include tax-exempt income in calculating the CWB?

Schedule 11, Federal Tuition, Education, and Textbook Amounts

The following supporting lines have been added:

• 32000, Eligible tuition fees paid to Canadian education institutions for 2019
• 32001, Eligible tuition fees paid to foreign educational institutions for 2019

NL428 and NLCredits – Search and rescue volunteers’ amount

The search and rescue volunteers’ amount is a new non-refundable tax credit available to eligible volunteers beginning January 1, 2019. The existing volunteer firefighters’ amount remains in place, and individuals who volunteer in both capacities can combine hours and choose one credit or the other.

The following line has been added on the Form NL428:

• • 58316 Search and rescue volunteers’ amount

NS428

New lines have been added to claim the amounts from:

Form T225:

• • 62250 Innovation equity tax credit

Form T224:

• • 62300 Venture capital tax credit

NB428 , NB(S11) and  NB(S2) – Tuition amounts

The tuition tax credit has been re-introduced for 2019 and later tax years. New Brunswick tuition fees paid for 2017 and 2018 can be claimed on the 2019 return and can be used in that year or carried forward to a future year. These amounts can only be used by the student and cannot be transferred to a supporting person.

The following lines have been added on the Schedule NB(S11):

• 59140 Eligible tuition fees paid for the current tax year
• 59141 Eligible tuition fees paid for 2017 and 2018
• 59200 Provincial tuition amount transferred

The following line has been added on the Schedule NB(S2):

• 59090 Tuition amounts designated by your spouse or common-law partner

The following line has been added on the Form NB428:

• 58600 Tuition amounts transferred from a child

AB428 and ABCredits – Investor tax credit

Claim this refundable tax credit if you acquired shares from a venture capital corporation (VCC), eligible business corporation (EBC), or community economic development corporation (CEDC) registered in Alberta at any time in 2019 (that you did not claim on your 2018 return). Your tax credit certificate shows the date you bought your shares under ‘‘Investment date.’’ You may no longer acquire shares in year 2020.

The following line is no longer required on the Form AB428:

• 60075 Investor tax credit – First 60 days subsequent to the current tax year

ON428

The following line has been added on the Form ON428:

• 62140 Low-income individuals and families tax credit

ON479

The following line has been added on the Form ON479:

• 63050 Childcare access and relief from expenses tax credit

BC428 and BC(S11) - Education amount

The education tax credit has been discontinued. Students can continue to carry forward unused amounts to claim in a future year.

The following lines on the Schedule BC(S11) have been deleted:

• 59160 Part-time education amount
• 59180 Full-time education amount

YT479 - Venture capital tax credit

The maximum credit amount that can be claimed by an individual for the venture capital tax credit has increased.

The following lines have been added to the Form BC479:

• 60489 Venture capital tax credit – January 1 to February 19, 2019
• 60491 Certificate number – Shares acquired after February 19, 2019
• 60496 Certificate number – Shares purchased during the first 60 days of the year following the tax year

YT479 - Yukon Business Carbon Price Rebate

The following line has been added on the Form YT479 to claim the amount from YT(14):

• 63855 Business carbon price rebate

The most-relevant rates published by CRA are implemented in this release of T3/TP646 module.

Minor updates 

• S1
• S10
• S11
• S11a
• S12
• S1A
• S2
• S3
• S4
• S7
• S8
• S9

• AB
• BC
• MB
• NB
• NL
• NS
• NT
• NU
• ON
• PE
• SK
• YT

Starting from 2019 note that the T2202 information return has replaced Forms T2202A and TL11B for 2019 and subsequent years.  T2202 can be electronically filed with CRA for 2019 and subsequent years.

Federal Slips updated

• NR4
• RC18
• T2202
• TL11A
• T4
• T4A
• T4A RCA
• T4A NR
• T4PS
• T5
• T5008
• T5018
• T737RCA
• TD1X

Federal Forms updated              

• CPT30
• GST191
• GST189
• PD24
• T1OVP
• T1261
• T1044
• T2000
• T3D

Blocked filing

T5013 filing is blocked from filing, will be available in future release

• Backup to Cloud support for T3 2019 module

TaxCycle carry forward for T1 and T2

T1 and T2 TaxCycle returns can now be carried forward into ProFile:

• T1 module supports T1 2018 files
• T2 module supports T2 2016-2019 files

Please review our full support article for more information.

• RL Quebec slip update

Highlights include:

• EFILE performance improvements

Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 ending in January 2020

On January 14, 2020, Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 will end.  ProFile users must update their operating system to a supported version.

For more details, please visit our support article.

About ProFile

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

T1/TP1 highlights include:

• carry forward information from 2018 TurboTax T1 returns
• DTMax to ProFile carryforward preview and support

T2 highlights include:

• DTMax to ProFile carryforward preview (T1 and T2 module)
• Paper and Internet Filing certified for Federal and Alberta corporate returns
• new Attach a Doc feature for corporations that electronically file their T2 return can also electronically attach certain supporting documentation

Systems highlights include:

• new Backup to Cloud feature securely protects your returns online
• this feature is replacing ProFile Review

Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 ending in January 2020

On January 14, 2020, Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 will end.  ProFile users must update their operating system to a supported version.

For more details, please visit our support article.

About ProFile

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

• this version of the ProFile T1 module carry forward information from 2018 TurboTax T1 returns to create new 2019 ProFile returns (for preview purposes only)
• DTMax to ProFile carryforward preview (T1 and T2 module); support for DTMax version 2018.22.30

New! Backup to Cloud

• new Backup to Cloud feature allows online backup of files online. Click here to learn more.

Carry forward your form selection following this support article.

New! Backup to Cloud

• new Backup to Cloud feature allows online backup of files online. Click here to learn more.

T2 certifications

T2 is certified for Federal and Alberta corporate tax returns and allows the preparation of returns for corporations with a fiscal year ending on or before May 31, 2020.

Federal

T2 is certified for attachment transmissions to the CRA starting in 2019 module.

Key components of the Attach a Doc service:

A T2 return must be electronically filed in order for the attachments to be sent. CRA will accept attachments within 24 hours of electronic filing of the T2 return.

The file transmission limit is 150MB. Multiple attachments can be uploaded at the same time, as long as the total file size is not more than 150MB.

The service will be available for initial returns and amended returns. For amended returns, send the entire T2 return, but only re-send attachments if the attachment information has changed.

Acceptable file types are:

• .pdf
• .doc
• .docx
• .xls
• .xlsx
• .rtf
• .txt
• .jpg
• .jpeg
• .tiff
• .tif
• .xps

There are two methods to start attaching documents: from the right-click menu in a T2 return or from the ProFile top toolbar.

Method 1

1. From the right-click menu, open the T2 return.
2. Right-click on the return or in a field.
3. Select the “Attach a Doc” option from the menu.

Method 2

Select the “Attach a Doc…” option from the “EFILE” menu in the top toolbar.

Attachable documents for insurance corporations

• T2SCH150 – Net Income (Loss) for Income Tax Purposes for Life Insurance Corporations
• Financial Statements
• Notes to Financial Statements
• Annual Regulatory Reports
• Annual Regulatory Supplements
• ORSA- Own Risk Solvency Assessment Report
• List of Partnership account numbers
• Gross Investment Revenue – Life and P&C Non-Resident (Canadian Branch) CIF
• List of Designated Assets
• List – realized, unrealized gains
• Explanatory Notes
• T2100 – Joint election in Respect of an Insurance Business Transferred by a Non-Resident Insurer
• T2016 – Part XIII Tax on Income from Canada of Approved Non-Resident Insurers
• T2142 – Part XII.3 Tax on Investment Income of Life Insurers
• Other Elections
• Resolutions and Agreements
• Information slips

Attachable documents for non-insurance corporation

• List of Partnership account numbers
• Elections
• Resolutions and Agreements
• Information slips

Attachable documents that are dependent on schedules filed with the T2 Return

• T2SCH5/lines 521 & 821 – Certificate number for NL film video industry tax credit
• T2SCH302 – Additional certificate numbers for NL film video industry tax credit
• T2SCH308 – NL venture capital tax credit
• T2SCH5/lines 522 & 840 – Certificate number for NL interactive digital media tax credit
• T2SCH309 – Additional certificate numbers for NL interactive digital media tax credit
• T2SCH5/lines 565 & 836 – Certificate number for NS film industry tax credit
• T2SCH345 – Additional certificate numbers for NS film industry tax credit
• T2SCH5/lines 567 & 838 – Certificate number for NS digital media tax credit
• T2SCH347 – Additional certificate numbers for NS digital media tax credit
• T2SCH5/lines 569 & 839 – Certificate number for NS digital animation tax credit
• T2SCH348 – Additional certificate numbers for NS digital animation tax credit
• T2SCH5/line 568 – NS capital investment tax credit
• T2SCH5/lines 595 & 850 – Certificate number for NB film tax credit
• T2SCH365 – Additional certificate numbers for NB film tax credit
• T2SCH367 – NB small business investor tax credit
• T2SCH5/line 614 – MB interactive digital media tax credit
• T2SCH390/line 103 or 104 – MB cooperative development tax credit
• T2SCH5/line 641 – SK qualifying environmental trust tax credit
• T1196 – BC film and television tax credit
• T1196/line 311 - BC film and television tax credit
• T1197 – BC production services tax credit
• T2SCH5/line 670 – BC qualifying environmental trust tax credit
• T2SCH554 – Ontario computer animation and special effects tax credit
• T2SCH556 – Ontario film and television tax credit
• T2SCH558 – Ontario production services tax credit
• T2SCH560 – Ontario interactive digital media tax credit
• T2SCH562 – Ontario sound recording tax credit
• T2SCH564 – Ontario book publishing tax credit
• T2SCH5/line 450 – Ontario qualifying environmental trust tax credit
• T1177 – Film or video production services tax credit
• T1131 – Canadian film or video production tax credit
• T2SCH5/line 328 & 889 – Manitoba Child Care Centre Development tax credit
• T2SCH5/line 556 & 834 – Nova Scotia Corporate Tax Reduction For New Small Businesses

Review our Attach a Doc support article for full information.

T2 Corporation Income Tax Return

There are two added situations for the tax year start time fields (hour and minute fields for line 060) to apply:

• first return filed after an acquisition of control (line 063 = Yes in the immediately preceding tax year) and the tax year start time is different from the defaulted standard time 00:00
• first return filed after a deemed tax year end (line 066 = Yes in the immediately preceding tax year) and the tax year start time is different from the defaulted standard time 00:00

Schedule 5 - Tax Calculation Supplementary - Corporation

• add option "404.1 Federal credit unions" to line 100 drop down
• Nova Scotia Innovation equity tax credit (line 562) is added
• Nova Scotia Venture Capital Tax Credit (line 563) is added
• Yukon business carbon price rebate ( line 699) is added

Schedule 12 - Resource-Related Deductions

Part 5 has additional lines for accelerated Canadian development expense (ACDE), a Canadian development expense incurred by the taxpayer after November 20, 2018, and before 2028.

Part 6 has additional lines for accelerated Canadian oil and gas property expense (ACOGPE), a Canadian oil and gas property expense incurred by the taxpayer after November 20, 2018, and before 2028.

Schedule 17 - Credit Union Deductions

The form has been updated for several changes for Manitoba.

Previously, Manitoba calculations were in both Parts 3 and 4. The updated form has Manitoba in Part 4 only.

Part 4 has been updated to add new lines, reflecting Manitoba Income Tax Act changes for credit unions. This includes the phasing out of the additional deduction for credit unions over a five-year period beginning in 2019. Additionally, obsolete Line 627 has been removed.

Schedule 49 - Agreement Among Associated Canadian-Controlled Private Corporations to Allocate the Expenditure Limit

The form is re-designed for the expenditure limit section, which provides separate calculations for

• Tax years ending before March 19, 2019
• Tax years ending after March 18, 2019

Schedule 71 , 72 and 73  - Income Inclusion for Corporations that are Members of Single-Tier Partnerships , Income Inclusion for Corporations that are Members of Multi-Tier Partnerships, Income Inclusion Summary for Corporations that are Members of Partnerships

Sections related to qualifying transitional income (QTI) are obsolete. the following sections are removed:

• the questions and checkboxes related to a partnership electing to change fiscal year end
• Eligible alignment income section
• Qualifying transitional income (QTI)
• Adjusted amount of qualifying transitional income
• Transitional reserve

Provincial

Alberta

AT1 - Alberta Corporate Income Tax Return

The form has been updated for corporate tax rate reductions. The new rates are:

• after June 30, 2019 and before January 1, 2020: 11%; and
• after December 31, 2019: 10%

AT1 Schedule 1 - Alberta Small Business Deduction

The form has been updated for small business deduction (SBD) reductions, because of the corporate tax rate reductions. The new SBD rate reductions are:

• after June 30, 2019 and before January 1, 2020: 9%; and
• after December 31, 2019: 8%

The small business tax rate of 2% remains unchanged.

A new section was added in Area B, “Passive Income Limit Reduction”. Alberta parallels the Federal changes for CCPCs earning passive investment income.

The “Agreement Among Associated Corporations” chart (end of the previous version) is obsolete and has been removed.

AT1 Schedule 18 - Alberta Dispositions of Capital Property

The form has been updated to add the following new lines flowing from the Federal return:

• gains on donations to qualified donees (flowing from Federal Schedule 6); and
• taxable capital gains and allowable capital losses for corporations that are members of partnerships (flowing from Federal Schedule 73)

Manitoba

Schedule 383 - Manitoba Corporation Tax Calculation

The form has been updated to move the Manitoba additional deduction for credit unions. The section has been moved from Part 1 to Part 3.

Schedule 384 - Manitoba Paid Work Experience Tax Credit

The form has been updated to reflect the reduction in the available carryforward years for unused non-refundable credit. In Part 10, the line for 9^th previous tax year has been removed.

New Brunswick

Schedule 366 (S5NB) - New Brunswick Corporation Tax Calculation

The form has been updated to reflect changes to small business deduction (SBD), which parallels the Federal amount for tax years beginning after 2018.

Nova Scotia

Schedule 346 (S5NS) - Nova Scotia Corporation Tax Calculation

The form has been updated to reflect the tax years supported in the 2019 module.

• Part 1 and Part 3: removed sections that reference the period before January 1, 2017
• “Calculation of income from active business when there is partnership income” (Part 2 of the previous version) is no longer required and has been removed, since the Nova Scotia business limit no longer differs from the Federal business limit

Nunavut

Schedule 481 (S5NU) - Nunavut Corporation Tax Calculation

The form has been updated to reflect the decrease in the lower rate from 4% to 3%, effective July 1, 2019.

Ontario

Schedule 500 - Ontario Corporation Tax Calculation

The form has been updated to reflect changes to Ontario’s small business deduction (SBD), which no longer parallels the Federal amount for tax years beginning after 2018. There is no phase out of the Ontario SBD for Canadian-controlled private corporations (CCPCs) earning between $50,000 and $150,000 of passive investment income in a taxation year.

Schedule 504 - Ontario Resource Tax Credit and Ontario Additional Tax re Crown Royalties

The form is updated to removing the obsolete section of calculating the Ontario resource tax credit and the Ontario additional tax re: Crown royalties.

Schedule 560 - Ontario Interactive Digital Media Tax Credit

The form has been updated for specialized digital game corporations (Part 7). Effective for taxation years beginning after April 11, 2019, the minimum Ontario labour expenditures for eligible digital games in the tax year decreased from $1 million to $500,000.

Prince Edward Island

Schedule 322 (S5PE) - Prince Edward Island Corporation Tax Calculation

The form has been updated to reflect the decrease in the lower rate from 3.5% to 3%, effective January 1, 2020.

Quebec

CO-130.A (QS8) - Capital Cost Allowance

The data entry form, S8Class, has been updated to add a new question:

“Are the current-year AIIP acquisitions qualified intellectual property? (Quebec class 14/14.1/44)”

Answering “Yes” to this question calculates the Québec capital cost allowance amounts according to the new qualified intellectual property (“QIP”) rules. Refer to Revenu Québec’s Guide “IN-191-V” (published December 3, 2018) for the definition of QIP.

Schedule 404 - Saskatchewan Manufacturing and Processing Profits Tax Reduction

The form has been updated to add a new section (Part 1), ‘Period after December 31, 2019’. The new section reflects a corresponding amount from Schedule 411.

Schedule 411 - Saskatchewan Corporation Tax Calculation

The form has been updated to add a new section (Part 1), ‘Period after December 31, 2019’ reflecting the elimination of additional deduction for credit unions.

Additional minor form updates

• S55
• S73
• S422 (T1196)
• S427 (S5BC)

New! Backup to Cloud

New Backup to Cloud feature allows online backup of files online, replacing the ProFile Review option. Click here to learn more.

Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 ending in January 2020

On January 14, 2020, Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 will end.  ProFile users must update their operating system to a supported version.

For more details, please visit our support article.

•  2019 T3 module coming soon…

T1 highlights include:

• 2019 form revisions

Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 ending in January 2020

On January 14, 2020, Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 will end.  ProFile users must update their operating system to a supported version.

For more details, please visit our support article.

About ProFile

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

Highlights include:

• T1 print performance improvements
• T1 bug fixes; see what’s fixed with 2019.0.7 here

Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 ending in January 2020

On January 14, 2020, Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 will end.  ProFile users must update their operating system to a supported version.

For more details, please visit our support article.

About ProFile

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

Highlights include:

• various product improvements

Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 ending in January 2020

On January 14, 2020, Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 will end.  ProFile users must update their operating system to a supported version.

For more details, please visit our support article.

About ProFile

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

Highlights include:

• updated print technologies to implement T1 CRA forms

T1/TP1 highlights include:

• first release of the ProFile T1/TP1 for the 2019 taxation year
• 2018-2019 ProFile to ProFile carry forward preview
• 2018-2019 TaxPrep to ProFile carry forward preview
• 2018-2019 Cantax to ProFile carry forward preview

T2 highlights include:

• updated forms
• ProFile T2 now carries forward information from 2019 files created with TaxPrep T2 (version 2019 v1.0) and Cantax T2 (version 2019.1.307.100)

FX/Q highlights include:

• updated forms
• ProFile 2019 FX carries forward information from 2018 files created with ProFile 2018 FX, Taxprep Forms 2018 v1, v2, v3, v4, and Cantax FormMaster 2018 v1, v2, v3, v4

Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 ending in January 2020

On January 14, 2020, Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 will end.  ProFile users must update their operating system to a supported version.

For more details, please visit: https://profile-en.community.intuit.ca/articles/1879225-microsoft-support-for-windows-7-windows-server-2008-and-windows-server-2008-r2-ends-in-january-2020

About ProFile

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

Forms for the 2019 taxation year are not released by CRA at this time. In-product forms include a “DRAFT” watermark indicating that the form is not approved for use.

Note: ProFile recommends that discounters in provinces that provide refundable tax credits do not use this release to begin entering data for their clients.

 2018-2019 ProFile to ProFile carry forward preview

 This early version of the ProFile T1 module carries forward information from 2018 ProFile returns to create new 2019 ProFile returns. For preview purposes only.

To carry forward a single 2018 tax return, right-click on the file and select “Carry forward” from the menu options.

2018-2019 TaxPrep to ProFile carry forward preview

 This version of the ProFile T1 module carries forward information from 2018 TaxPrep T1 returns to create new 2019 ProFile returns. For preview purposes only.

To carryforward a TaxPrep T1 file, click “File” -> “Carryforward” and select “Files of type” as “2018 TaxPrep T1 (*.118)” or drag-and-drop a “TaxPrep (*.118)” file into a ProFile T1 file.

Supported TaxPrep versions include 2018.v1.0, 2018.v2.0, 2018.v3.0, 2018.v4.0, and 2018.v5.0.

 2018-2019 Cantax to ProFile carry forward preview

 This version of the ProFile T1 and T3 module carries forward information from 2018 Cantax T1 returns to create new 2019 ProFile returns. For preview purposes only.

To carryforward a Cantax T1 file, click “File” -> “Carryforward” and select “Files of type” as “2018 Cantax T1 (*.P18)” or drag-and-drop a “Cantax (*.P18)” file into a ProFile T1 file.

Supported Cantax versions include 18.1.303.100, 18.2.303.113, 18.4.303.120, and 18.5.303.126

Schedule 381 – Manitoba Manufacturing Investment Tax Credit

For qualifying property acquired after June 30, 2019, the applicable rate for the Manitoba Investment Tax Credit is 8% and the maximum refundable part is seven-eighths of the earned credits.

Additional minor form updates

• S387
• S388
• AGRI

Obsolete form removed

• RC366

The new 2019 FX module is now available.

Note that the Quebec slip filing in 2019 FX is disabled. Those wishing to file 2019 slips now should use the previous module and manually override the year to “2019”. Slip filing in the 2019 module will be enabled in a future release once the 2019 slips have been updated.

Federal

RC1 – Request for a Business Number and Certain Program Accounts

A new part (Part G) is added for requesting a charity program account (RR).

Quebec

TP-1015.3 – Source Deductions Return

The thresholds for the “amount for career extension” calculation are updated in Work Chart 3.

Additional minor form updates

• GST70
• GST74
• RC4288
• RC66
• RC66S (RC66SCH)

Obsolete form removed

• RC366

Highlights include:

• T2 paper and Internet filing is certified for Federal corporate tax returns
• AT1 paper and Internet filing is certified for Alberta corporate tax returns
• ProFile T2 now carries forward information from 2018 files created with TaxPrep T2 (2018 v2.0, 2018 v2.1, 2019 v1.0) and Cantax T2 (versions 18.1.307.100, 18.2.307.126, 18.2.307.131).

About ProFile

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

The 2018.5.0 release of T2 module is certified for Federal and Alberta corporate tax returns and allows for the preparation of returns for corporations with fiscal year ends on or before October 31, 2019.

Federal

T2 - Corporation Income Tax Return

The “passive income business limit reduction” and “reduced business limit” calculations are updated in the “Small business deduction” section.

The “refundable dividend tax on hand (for tax years starting after 2018)” section is also updated.

Schedule 5 - Tax Calculations Supplementary - Corporations

Ontario additional tax re: Crown royalties (Line 274) is obsolete and removed from Schedule 5. Manitoba childcare centre development tax credit (Line 328) and the certificate number (Line 889) are now transmitted to CRA.

Schedule 7 - Aggregate Investment Income and Income Eligible for the Small Business Deduction

A new section “Adjusted aggregate investment income” (Adjusted AII) is added to Schedule 7. The Adjusted AII is used in determining the business limit for Canadian-Controlled Private Corporations (CCPCs) for taxation years starting after 2018.

Schedule 8 - Capital Cost Allowance

This form is updated to reflect Accelerated Investment Incentive measure for accelerated investment incentive property (AIIP):

• Line 225 has been added to distinguish the cost of acquisitions that are AIIP
• Line 221 has been added to include all amounts of assistance received or receivable after the disposition of depreciable property that would have decreased the capital cost of the property
• Line 222 has been added to include all amounts repaid during the year with respect to any legally required repayment, made after the disposition of a property
• Column 10, 11 and 12 have been added to reflect the net capital cost additions and UCC adjustment for AIIP
• Line 224 has been added to reflect the UCC adjustment for non-AIIP acquired during the year (formerly known as the 50% rule) does not apply to certain property (including AIIP)

Two asset codes relating to additional information for Class 43.1 and 43.2 have been decommissioned at Line 301:

• 23 = Geothermal energy equipment - acquired after March 21, 2017
• 24 = Thermal energy source – acquired after March 21, 2017New CCA classes 54 and 55 are now included in the schedule for zero-emission vehicles following the 2019 federal budget.

Schedule 17 - Credit Union Deductions

For taxation years ending after 2018, credit unions with permanent establishment in Manitoba use provincial rates in calculating the preferred-rate amount. Credit unions with permanent establishment in Manitoba before 2019, Ontario, or British Columbia continue to use federal rates in calculating the preferred-rate amount.

Schedule 31 - Investment Tax Credit - Corporations

For taxation years ending on March 19, 2019 or later, the taxable income from the preceding year is not used in determining the expenditure limit for the SR&ED tax credit following the 2019 federal budget. The taxable capital in determining the expenditure limit is not changed.

Schedule 366 (S5NB) - New Brunswick Corporation Tax Calculation

New Brunswick will not parallel federal changes to reduce the small business limit for Canadian-Controlled Private Corporations (CCPCs) based on their passive investment income following the 2019 New Brunswick budget. The schedule is updated to reflect the budget change.

Alberta

AT1 - Alberta Corporate Income Tax Return

Alberta Royalty Tax Credit (Line 083) and Alberta Royalty Tax Credit Instalments claim/processed (Line 084) are now removed from AT1.

Quebec

CO-1029.8.36.TI - Tax Credit Relating to Information Technology Integration

The schedule is added in ProFile for the tax credit available to qualified corporations incurring eligible expenses in relation to an eligible information technology integration contract.

Additional minor form updates

• AS3
• S1
• S2
• S3
• S20
• S27
• S53
• S307 (S5NL)
• S322 (S5PE)
• S341
• S346 (S5NS)
• S383 (S5MB)
• S404
• S411
• S427 (S5BC)
• S428
• S430
• S443 (S5YT)
• S461 (S5NT)
• S481 (S5NU)
• S500 (S5ON)
• T1131 (S47)
• T1177 (S48)
• T1196 (S422)
• T2055

Obsolete forms removed

• S10
• CO-1137.Esupp

T1/TP1 highlights include:

• T1 planner update
• TP1 planner update
• rates update

About ProFile

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

• both Federal and Quebec planners are updated to reflect the new credit and updated income tax brackets for 2019
• 2019 rates are being enacted in the planner’s calculation
• a new section “Tax on Split Income” is added in the Planner

2019 rates update:

• T1 General is calculated with the most recent 2019 rates when tax year of 2019 is chosen on the INFO page
• 2019 rates are used for planning purpose; the user should not file the return with 2019 rates
• rates applicable to the 2019 taxation year are those known as of May 1st. Any changes resulting from subsequent federal, provincial, and territorial announcements will be integrated into future updates.

Highlights include:

• various bug fixes, including the known issue "NS428 incorrectly calculates spousal amount"

About ProFile

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