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T1 tax videos

Updated: 2018-02-13

These webinar videos will introduce you to key features that relate to TaxCycle's preparation process.

View our collection of TaxCycle T1 videos in the playlist above by clicking on the following icon  YouTube-playlist-icon

Or, scroll down the page to browse our videos and jump to specific topics within each video.

Preparing a basic T1 return

Get a glimpse of what a tax season is like with TaxCycle. Walk through preparing a basic T1 tax return in TaxCycle. Click a timestamp below to jump to a topic:

Click a timestamp below to jump to a topic:

  • Carrying forward from the prior year (2:04
  • Entering taxpayer information (9:35)
  • Adding T4, T4E and T5 slips (12:15)
  • Resolving review messages before filing (26:51)

Date of broadcast: Wednesday, November 1, 2017
Presented by: Annie Cadoret

Auto fill My Return (AFR)

Learn how to download slip and other data from the Canada Revenue Agency (CRA) directly into T1 tax returns. Find out about time-saving features only available in TaxCycle T1 that make Auto-fill my return (AFR) even more useful and efficient. Click a timestamp below to jump to a topic:

  • Obtaining T1013 authorization (1:39)
  • Requesting AFR downloads (10:54)
  • Matching and importing downloaded data (13:08)
  • Refreshing client data before filing (15:42)
  • Aggregating multiple slips into a single entry (22:19)
  • Using downloaded information in a tax return (25:38)
  • Export AFR values to Excel (29:24)

Date of broadcast: February 13, 2019
Presented by: Cameron Peters

EFILE and Express NOA

Learn how to electronically file personal tax returns through the Canada Revenue Agency (CRA) T1 EFILE system using TaxCycle. Click a timestamp below to jump to a topic:

  1. Set EFILE options (1:10)
  2. Complete a T183 authorization (2:55)
  3. Transmit a T1 return (7:45)
  4. Resolve review messages before filing (8:11)
  5. Set up Pre-Authorized Debit (PAD) payments (13:05)
  6. Transmit multiple filing types at the same time (14:24)
  7. Transmit family returns (17:20)
  8. Collect the client’s Notice of assessment (NOA) (19:16)
  9. Batch transmit from the Client Manager (23:54)
  10. File T1 adjustments using ReFILE (27:57)

Date of broadcast: February 27, 2019
Presented by: Cameron Peters

Preparing Québec Relevés and TP1 returns

Learn how to prepare returns and slips for your Québec clients.

Topics include:
  • Triggering Québec forms and calculations
  • Language settings to serve your French clients
  • TP1 returns
  • RL/RL2 slips
  • Transmitting to Revenu Québec

Date of broadcast: February 15, 2017
Presented by: Annie Cadoret

Family Returns

Prepare returns for all family members in a single TaxCycle file. Click a timestamp below to jump to a topic:

  • Couple taxpayer and spouse (1:59)
  • Add dependant information to a file (8:59)
  • Create family returns with full dependant tax information (14:54)
  • Coupling dependant returns (17:40)
  • Review and adjust optimizations (21:55)
  • Carry forward family files (25:47)
  • Detaching or uncoupling a return (28:27)
  • Joint and family summaries (30:47)
  • Joint and family letters and invoices (32:26)
  • Options to help with couples and family (35:16)
  • Transmit returns for a whole family (37:04)
  • Print returns for a whole family (39:50)

Date of broadcast: February 20, 2019
Presented by: Elizabeth Kohl

Billing and Invoicing

Learn how to use TaxCycle to invoice your clients. Click a timestamp below to jump to a topic:

  • Set invoicing options (3:26)
  • Export invoice to QuickBooks® (7:29)
  • Set pricing options and copy prices from year-to-year (9:15)
  • Complete the Billing worksheet (17:15)
  • Print or email and invoice to clients (27:04)
  • Track billing status in workflow (31:41)
  • Report on billing status in the Client Manager (34:09)

Date of broadcast: February 21, 2019
Presented by: Perry Giagos

TaxCycle Time-Saving Features

TaxCycle users report saving at least one day, every week, with our software. Watch this webinar recording to see how the TaxCycle Suite can eliminate repetitive tasks and save you time. Click a timestamp below to jump to a topic:

  • Carryforward (2:26)
  • Batch Carryforward (5:45 )
  • Prior Year (9:51)
  • Refresh Carryforward (11:57)
  • Refresh Carryback (12:55)
  • F4 Fast Find (13:25)
  • Find in Form (16:54)
  • F6 Jumps (17:40)
  • Quick Fix Messages (18:36)
  • Corporate Linking (20:03)
  • Create Other Return (23:00)

Date of broadcast: October 30, 2018
Presented by: Elizabeth Kohl

Reporting income expenses and claiming credits

In this webinar, you’ll learn about reporting income expenses and claiming credits in TaxCycle. Plus, family returns and optimizations.

Date of broadcast: November 29, 2016
Presented by: Tony Croft

Claiming and transferring various credits & expenses

In this webinar, you’ll learn about claiming medical expenses, and claiming and transferring various types of credits for dependants. Plus, learn how to get started with T2125 business statements.

Date of broadcast: December 6, 2016
Presented by: Tony Croft

Overview of TaxCycle summaries

In this webinar, you’ll get a general overview of TaxCycle summaries.

Date of broadcast: December 13, 2016
Presented by: Tony Croft

Optimizations worksheet and pension splitting

Learn about TaxCycle's Optimizations worksheet and pension splitting.

Date of broadcast: January 10, 2017
Presented by: Tony Croft

Capital gains and splitting amounts between spouses

Learn more about reporting capital gains and splitting amounts between spouses.

Date of broadcast: January 3, 2017
Presented by: Tony Croft

RRSP worksheet and transfers of RRSP allowances

Learn more about our RRSP worksheet, transfers of RRSP allowances and how contributions flow.

Date of broadcast: December 20, 2016
Presented by: Tony Croft

Business Statements and Multiple Jurisdictions

Learn how to create business, rental, fishing, and farming income statements for your clients in TaxCycle:

  • Work with T2125, T2121, T2042, T776 multicopy forms
  • Enter motor vehicle expenses
  • Track CCA and assets- Claim business-use-of-home expenses
  • Share business statements with spouses and partners
  • Handle multiple-jurisdiction business statements/T5013 slips
  • Import from Excel®/copying business statements

Date of broadcast: June 9th, 2017
Presented by: Annie Cadoret

T2125 Business Statements

Get started with the basics of preparing a T2125 business statement in TaxCycle T1. Learn how to:

  • Create a T2125 form set (3:26)
  • Type of business activity (7:47)
  • Alternate year-ends and T1139 (8:35)
  • Find and enter industry codes (13:00)
  • Bring in income reported on a T4 or T5013 slip (14:53)
  • Import data from Excel® (20:06)
  • Enter business-use-of-home expenses (26:19)
  • Allocate a partnership share (27:55)
  • Smart copy/paste statements between partners (31:05)
  • Trigger a T2203 for multiple jurisdictions (33:30)

Date of broadcast: March 19, 2018
Presented by: Elizabeth Kohl

Motor Vehicle Expenses

Find out how to enter motor vehicle expenses in TaxCycle T1 for use on other income statements. You will learn how to:

  • Share motor vehicle worksheets between spouses and/or statements (2:28)
  • Create Motor Vehicle worksheets (3:43)
  • Allocate kilometrage to income statements (5:12)
  • Enter fuel and maintenance expenses (8:55)
  • Trigger motor vehicle CCA (10:46)
  • Calculate applicable leasing costs (20:44)
  • Enter loan interest payment for a vehicle (28:45)

Date of broadcast: March 20, 2018
Presented by: Annie Cadoret

CCA and Assets

Find out how to enter and track Capital Cost Allowance (CCA) and assets in TaxCycle T1. Learn how to:

  • Use the CCA worksheet (2:20)
  • Track with Asset managers (5:48)
  • Find CCA classes (13:24)
  • Pool assets of the same type (14:59)
  • Trigger a terminal loss for all assets in the same class/pool (22:13)
  • Claim a different CCA amount (26:36)
  • Adjust the CCA claim order (28:22)
  • View the asset summary (36:06)

Date of broadcast: March 21, 2018
Presented by: Annie Cadoret

T776 Rental Statements

Learn how to enter rental income and expenses in TaxCycle T1. Click a timestamp below to jump to a topic:

  • Create a T776 form set (2:41)
  • When to group or separate properties (6:08)
  • Choose between a partner and a co-owner (7:23)
  • Import/export expenses (12:23 )
  • Foreign rental property (20:40)
  • CCA tips (24:08)
  • Smart Copy/Paste of rental statements (25:40)

Date of broadcast: March 22, 2018
Presented by: Elizabeth Kohl

T777 Employment Expenses

Learn how to enter rental income and expenses in TaxCycle T1. Click a timestamp below to jump to a topic:

  • Create a T776 form set (2:41)
  • When to group or separate properties (6:08)
  • Choose between a partner and a co-owner (7:23)
  • Import/export expenses (12:23 )
  • Foreign rental property (20:40)
  • CCA tips (24:08)
  • Smart Copy/Paste of rental statements (25:40)

Date of broadcast: March 23, 2018
Presented by: Elizabeth Kohl

Foreign income, part-year resident and non-resident returns

Learn how to enter amounts for foreign income and how to deal with non-resident and part-year residents.

Topics include:

  • Entering foreign income on slips
  • Foreign tax credit worksheet
  • Foreign rental income
  • Part-year residents
  • Non-residents
  • Date of broadcast: Wednesday, March 22, 2017
    Presented by: Annie Cadoret

    How to use ReFILE in TaxCycle

    TaxCycle T1 is certified by the Canada Revenue Agency (CRA) for ReFILE. If you filed a client's T1 return using EFILE, you can use ReFILE to make adjustments their 2016 tax return. The ReFILE service lets you change the same lines that individual taxpayers can change in CRA My Account. Just like with EFILE, you will receive immediate confirmation that your ReFILE submission was accepted or rejected.

    (Visit our ReFILE and T1-ADJ help topic for detailed instructions on how to get started with ReFILE)

     

    How to carry forward and plan for next year

    Learn how to use TaxCycle's planning features with this short video tutorial. Instead of having a planning worksheet, you mark a full return as a planning file and then plan with the full set of the forms and calculations.

    (For detailed instructions on how to carry forward and plan, see our Carry forward and plan help topic.)