These forms also have several cosmetic changes.

For more details (including what qualifies as "eligible expenses"), see the information on the CO-1029.8.36.EM form itself.

ProFile carries the calculated tax credit (and/or the refundable portion of the temporary increase) to lines within 440p through 440y on the CO-17 return, flagged with the appropriate code.

For more details on requirements for this form, see notes on the CO-1029.8.36.ID form itself.

In this release, the calculation in Part 5, line 858 has been updated to reflect an increase in maximum pensionable earnings under the Canada Pension Plan (CPP) for 2011. This maximum is $47,200 in 2010, and $48,300 in 2011.

The Yukon government has increased the small business threshold from $400,000 to $500,000 to match changes to the federal small business threshold. These changes take effect starting Jan. 1, 2011.

Note: The CRA has indicated that its systems will not be able to process this change until April or May 2011. Returns that use the new limit might not be accepted until then.

The CO-1029.8.33.6 form now includes a new Part 6 - Tax credit for an on-the -job training period further to the repayment of an amount of assistance, a benefit or an advantage (lines 95-99).

Qualified expenditures must now be calculated based on each of the weeks of training, rather than the total number of weeks. There are also changes to the methods for calculating section 3.3.2 - Maximum amount of qualified expenditures, and 3.4 - Reduction of the weekly limit for qualified expenditures. The line numbers and instructions on the ProFile form reflect these changes.

The notes on the ProFile form are updated to match the most recent version from Revenu Québec, including new notes pertaining to Part 6 and a new notes on Special tax.

CO-1029.8.33.6 Summary

The Summary is now Part 7 of the form, and uses amounts from either S1- Tax credit for an on-the-job training period, or S2 - Tax credit for an on-the job training period further to the repayment of an amount of assistance, a benefit or an advantage.

The CO-1029.8.33.13 in this ProFile release is updated to include the 2008, 2009, and 2010 calendar years, and reflect the new Employment Insurace (EI) and Québec Parental Insurance Plan (QPIP) rates. We have also updated the notes section to match the most recent version from Revenu Québec.

This release includes an updated version of form CO-1029.8.36.IN - Investment tax credit, based on extensive changes from RQ. In general, these changes handle additional rules for partnerships; cases where the corporation is a part of a joint venture; and cases where the paid-up capital of the corporation exceeds $500 million.

The instructions and calculations for lines 340 and 349 are also updated to reflect these changes.

As of March 31, 2010, corporations that claim the tax credit for salaries and wages - International Financial Centres on form CO-1129.36.CI, are not eligible for the deduction for operating an International Financial Centre (IFC) for a portion of the year. The instructions for part 5 - Deduction allowed to financial institutions that operate an IFC, are updated to reflect the change in eligibility.

There is a new Part 5.5 - Reduced deduction for the operation of an IFC, which you must complete if you filed a credit through CO-1129.36.CI.

This release has an updated form CO-1159.2 - Compensation Tax for Financial Institutions based on changes from Revenu Québec.

Revenu Québec has redesigned the CO-1175.4 form to include more complete information about a corporation's financial activities. The new form is divided into 6 parts and has a new Important section in the introductory notes explaining where to find the amounts to enter on the form.

Corporations not resident in Canada now complete Part 3 - Amount used to calculate the taxable capital of a corporation not resident in Canada, rather than lines 1, 16 and 17-20 on the old form.

Using the redesigned CO-1175.4, you calculate your tax on capital payable at the end of the form, after calculating the capital allowance.

The notes section in ProFile is also updated to match the most recent version of the form from Revenu Québec.

Based on extensive changes from Revenu Québec, this release of ProFile includes an updated form CO-737.18.18.

The COR-17 keying summary is updated based on changes from Revenu Québec. These include cosmetic changes, and changes to reflect the updates to the CO-17 and CO-17SP returns as well as forms CO-17.A.1 and CO-1029.8.36.IN.

In addition, the names of lines 58 - Mining, petroleum and gas exploration expenditures and 69 - Temporary improvement to tax credit related to mineral resources have changed, and their amounts now also come from CO-1029.8.36.EM.

You can now enter an amount for code 58 - Special tax in respect of the tax credit on wages - IFC within the QSpecial form.

Use the new T3010-1 for fiscal years ending after March 3, 2010. For fiscal years ending before March 3, use form T3010B.

T3010 Schedule 6 Detailed Financial Information

Schedules 1, 2, 3, and 4 of the T3010 also have minor cosmetic changes.

The CRA has removed boxes for Amount of enduring property and Amount of specified gifts from the T1236 form. Due to changes in the 2010 Federal Budget, these boxes are no longer applicable.

The T5013 Slip and Summary also have minor cosmetic changes.

The ProFile TP600 summary has several new on-screen only fields which ProFile uses to complete a new Additional Information section.

TP-600 Schedule E - Summary of Certain Information Entered on RL-15 Slips

Schedule E (formerly called Summary of Information on the Tax Shelter or Flow-Through Shares) is now called Summary of Certain Information Entered on RL-15 Slips. The schedule now includes instructions at the beginning of the form, as well as two new parts for Resource expenses incurred by the operating partnership and Tax credit.