Specialized Information Module

The Specialized Information ("SI") Module is an add-on product for use with the program. It allows tax preparers to automate the preparation of schedules commonly used by corporations in SI, and integrates them with other parts of the corporate tax return.

Features

i) General Schedules

The following additional schedules are also included in the SI Module:

  • Inducement - Inducement Calculation Workchart;
  • Schedule 16 – Patronage Dividend Deduction;
  • Schedule 18 – Federal and Provincial or Territorial Capital Gains Refund;
  • Schedule 20 – Part XIV – Additional Tax on Non-Resident Corporations;
  • Schedule 43 – Calculation of Parts IV.1 and VI.1 Taxes;
  • Schedule 45 – Agreement Respecting Liability for part VI.1 Tax;
  • Sch. 47 – T1131 – Canadian Film or Video Production Tax Credit;
  • Sch. 48 – T1177 – Claiming a Film or Video Production Services Tax Credit;
  • Sch. 422 – T1196 – British Columbia Film and Television Tax Credit;
  • Sch. 423 T1197 – British Columbia Production Services Tax credit;
  • Schedule 388 – Manitoba Film and Video Production Tax Credit;
  • Schedule 429 – British Columbia Interactive Digital Media Tax Credit;
  • Schedule 554 –  Ontario Computer Animation and Special Effects Tax Credit;
  • Schedule 556 –  Ontario Film and Television Tax Credit;
  • Schedule 558 –  Ontario Production Services Tax Credit;
  • Schedule 560 –  Ontario Interactive Digital Media Tax Credit;
  • CO-771.R.14 –  Proportion of Business Carried On in Québec and Elsewhere by an Insurance Corporation;
  • CO-786 – Patronage Dividend Deduction;
  • CO-1029.8.35 – Tax credit for Québec Film Productions;
  • CO-1029.8.36.AD – Tax credit for damage insurance firms;
  • CO-1029.8.36.DF – Tax Credit for Film Dubbing;
  • CO-1029.8.36.PM – Tax Credit for Corporations Specialized in the Production of Multimedia Titles;
  • CO-1029.8.36.SM – Tax Credit for the Production of Performances;
  • CO-1029.8.36.SP – Tax credit for Film Production Services;
  • CO-1029.8.36.TM – Tax Credit for Multimedia Titles;
  • CO-1029.8.36.XM - Tax Credit for the Production of Multimedia Events or Environments Presented Outside Québec;
  • CO-1140.A – Paid-Up Capital to Be Used for Purposes Other than the Calculation of the Tax on Capital.

ii) Capital Tax

This section includes forms from several provinces for the calculation of capital tax on financial institutions and insurance corporations.

  • Schedule 34 – Taxable Capital Employed in Canada - Financial Institutions;
  • Schedule 35 – Taxable Capital Employed in Canada - Large Insurance Corporations;
  • Schedule 38 – Part VI Tax on Capital of Financial Institutions;
  • Schedule 39 – Agreement Among Related Financial Institutions - Part VI Tax;
  • Schedule 42 – Calculation of Unused Part I Tax Credit;
  • Schedule 305 – Newfoundland and Labrador Capital Tax on Financial Institutions;
  • Schedule 306 – Newfoundland and Labrador Capital Tax on Financial Institutions - Agreement Among Related Corporations;
  • Schedule 352 - Nova Scotia Financial Institutions Capital Tax;
  • Schedule 353 - Nova Scotia Financial Institutions Capital Tax – Agreement Among Related Corporations;
  • CO-1140 – Calculation of the Paid-Up Capital of a Financial Institution;
  • CO-1167 – Insurance Corporations;
  • CO-1175.4 – Life Insurance Corporation;
  • PE Capital Tax – Financial Corporation Capital Tax Return;
  • NS Capital Tax – Corporation Capital Tax Return;
  • NB Capital Tax – Financial Corporation Capital Tax Return;
  • Loans & Deposits –  Aggregate Amount of Loans and Amount of Deposits (NB, NS, PE).

iii) Credit Unions

The SI Module includes the calculations for Allocations in Proportion to Borrowing and the Additional Deduction for credit unions. All relevant tax calculations for federal and provincial tax purposes are provided including the special calculations required for Québec and Manitoba Credit Unions and "Caisses Populaires". The schedules included in this portion of the SI Module are:

  • Schedule 1- C.U. – Additions and Deductions for Credit Unions;
  • Schedule 17 – Credit Union Deductions;
  • MB-Credit Unions – Credit Unions and Caisses Populaires Tax Return;

iv) Resource Industry

In addition to the calculations of resource profits and resource deductions, the SI Module provides:

  • Schedule 12 – Resource-Related Deductions;
  • Schedule 51 – Calculation of Adjusted Resource Profits, Resource Loss, and Resource Allowance;
  • Schedule 51-1 – Calculation of Taxpayer's Share of Partnership's Adjusted Resource Profits and Resource Profits;
  • AB Sch. 51 – Alberta Resource Allowance and Depletion Schedules – Reconciliation;
  • Royalties – Deductible and Non-Deductible Crown Payments;
  • N.B.V. – Resource Properties Net Book Value (NBV) Reconciliation;
  • CO-1029.8.36.EM – Tax Credit Relating to Resources;
  • CO-400 - Resource Deduction;
  • AB Sch. 15 – Alberta Resource Related Deductions.