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TaxCycle T2

Corporate Tax Returns

TaxCycle T2

TaxCycle T2 includes everything you need to prepare tax returns for Canadian corporations, from small businesses to the most complex associated/related corporate groups.

Prepare and electronically file unlimited returns from multiple jurisdictions including federal T2, Québec CO-17, Alberta AT1 and T1135 foreign income verification statement.

TaxCycle T2 is included in the Complete Paperless Tax Suite, the Paperless Office, or Tax Basics. It is also available as a standalone module.

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Find out for yourself why thousands of tax preparers have already switched. Get up and running in just 10 minutes with your free trial of the TaxCycle Suite. Seamlessly carry forward returns from DT Max®, Cantax®, Taxprep® and ProFile® software.

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Speedy GIFI import

Drag and drop import General Index of Financial Information (GIFI) from all major accounting packages: QuickBooks®, Sage®, CaseWare®, etc.

Live corporate linking

Take the load off preparing returns for associated/related corporations. Live linking shares data between corporations in real time.

Great CCA and assets

Instant data flow between Schedule 8 CCA schedule and Asset worksheets make for quick data entry and powerful management of assets.

Tax constants and rates you can change

Know the impact of budget changes using the TaxConstants worksheet. Change effective dates and rates without waiting for a software update.

T2 document archive in DoxCycle

Link TaxCycle T2 files with a DoxCycle PDF for corporate documents. Keep an organized PDF of the tax return and related documents.

One-click T2, CO-17, AT1 EFILE

Filing more that one type of return? Complete each return and file them all in a single click with TaxCycle's multiple transmit option.

Flexible S9 and S23

Enter data into the associated/related corporate CGI worksheet, or use the S9 or S23. Allocate the small business deduction limit without jumping between forms.

Dynamic Schedule 5 for faster provincial preparation

Schedule 5 grows or shrinks based on the jurisdictions you choose. CO-17 and AT1 forms and fields appear only when you need them.

AgriStability and AgriInvest

Prepare AgriStability/AgriInvest forms for corporations in TaxCycle T2 using the AGRI worksheet. Automatically flow GIFI values into the AGRI forms. EFILE to the CRA.

Forms and features

RETURNS
Number of returns Unlimited
Federal T2 returns Tax years starting January 1, 2011
Alberta AT1 returns Tax years starting January 1, 2011
Québec CO-17 returns For 2016 year-ends onward
CARRYFORWARDS
TaxCycle T2  
ProFile® T2  
Cantax® T2  
Taxprep® T2  
ELECTRONIC FILING
T2 Corporation Internet Filing (including amended returns)  
CO-17 Online Filing  
AT1 Net File (including S12 through S21)  
T1135 EFILE  
RC59/RC59X online filing   
T106 EFILE  
T1134 EFILE  
Request a Web Access Code (WAC)  
PRACTICE TOOLS
Corporate Linking  
Client Manager  
Template Editor  
WORKSHEETS
CGI–Corporate Group Information  
Capital Dividend Account (CDA)–current and prior year  
Engagement–Client engagement information  
Info–Corporate information  
Instalments–Instalment payments (federal and provincial)  
Motor vehicle worksheet  
Optimizations worksheet  
PaymentDueDate–Payment due date worksheet  
Rental worksheet  
Summary of rental income  
S1InducementRefundWS–Inducement refund worksheet  
S2WS–Donations worksheet  
S4Loss–Loss continuity worksheet  
S4LossC–Loss carryback worksheet  
S6M–Capital property disposition manager  
S8Asset–Asset manager  
S8Claim–Capital cost allowance (CCA) claim  
S8RecWS–Reconciliation  
S10WS–Cumulative eligible capital worksheet  
S31WS–Qualifying corporation worksheet  
S32PPACapWS–Overall cap on prescribed proxy amount   
S32WS–Government assistance worksheet  
S53WS–General rate income pool (GRIP) adjustment worksheet  
S54WS–Low rate income pool (LRIP) adjustment worksheet  
TaxConstants–Tax constants worksheet  
T2CIFWS–Corporation Internet Filing  
Tax payments made worksheet  
GENERAL INDEX OF FINANCIAL INFORMATION (GIFI)
GIFI import (from Accounting for Practitioners (AFP), CaseWare®, QuickBooks® Desktop, QuickBooks® Online, CCH Engagement, Sage®, CSV files)  
S100–Balance Sheet Information  
S101–Opening Balance Sheet Information  
S125–Income Statement Information  
S140–Summary Statement  
S141–Notes Checklist  
Notes to financial statements  
FEDERAL JACKET AND SCHEDULES
T2 Jacket  
T2-ADJ–Adjustment notes  
Schedule 001–Net Income (Loss) for Income Tax Purposes  
Schedule 002–Charitable Donations and Gifts  
Schedule 003–Dividends Received, Taxable Dividends Paid, and Part IV Tax Calculation  
Schedule 004–Corporation Loss Continuity and Application  
Schedule 005–Tax Calculation Supplementary — Corporations  
Schedule 006–Summary of Dispositions of Capital Property  
Schedule 007–Calculation of Aggregate Investment Income and Active Business Income  
Schedule 008–Capital Cost Allowance (CCA)  
Schedule 009–Related and Associated Corporations  
Schedule 010–Cumulative Eligible Capital Deduction  
Schedule 011–Transaction with Shareholders, Officers, or Employees  
Schedule 012–Resource-related deductions  
Schedule 013–Continuity of reserves   
Schedule 014–Miscellaneous Payments to Residents  
Schedule 015–Deferred Income Plans  
Schedule 016–Patronage dividend deduction  
Schedule 017–Credit union deductions  
Schedule 019–Non-Resident Shareholder Information  
Schedule 020–Part XIV - Additional Tax on Non-Resident Corporations  
Schedule 021 – Federal and Provincial or Territorial Foreign Income Tax Credits and Federal Logging Tax Credit  
Schedule 022–Non-resident discretionary trust  
Schedule 023–Agreement Among Associated Canadian-Controlled Private Corporations to Allocate the Business Limit  
Schedule 024–First-time Filer after Incorporation, Amalgamation or Winding-up of a Subsidiary into a Parent  
Schedule 025–Investment in foreign affiliates  
Schedule 027–Calculation of the Canadian manufacturing and processing profits reduction  
Schedule 028–Election not to be an Associated Corporation  
Schedule 030 (T1263)–Third-party payments for SR&ED  
Schedule 031 (and S31 worksheet)–Investment tax credit  
Schedule 032–SR&ED expenditures claim  
Schedule 033–Taxable Capital Employed in Canada – Large Corporations  
Schedule 035–Taxable Capital Employed in Canada – Large Insurance Corporations  
Schedule 037–Calculation of Unused Surtax Credit  
Schedule 042–Calculation of Unused Part I Tax Credit  
Schedule 044–Non-arm's length transactions  
Schedule 047–Canadian film or video production tax credit  
Schedule 048–Film or video production services tax credit  
Schedule 049–Agreement among associated CCPCs to allocate the expenditure limit  
Schedule 050–Shareholder Information  
Schedule 053–General Rate Income Pool (GRIP) Calculation  
Schedule 054–Low Rate Income Pool (LRIP) Calculation  
Schedule 055–Part III.1 Tax on Excessive Eligible Dividend Designations  
Schedule 060 (T661 Part 2)–SR&ED expenditures claim  
Schedule 061 (T1145)–Agreement to allocate assistance for SR&ED between persons not dealing at arm's length  
Schedule 062 (T1146)–Agreement to transfer qualified expenditures incurred in respect of SR&ED between persons not dealing at arm's length  
Schedule 071–Income inclusion for corporations that are members of single-tier partnerships  
Schedule 073–Income inclusion summary for corporations that are members of partnerships  
Schedule 088–Internet business activities  
Schedule 091–Information Concerning Claims for Treaty-Based Exemptions  
Schedule 097–Additional Information On Non-Resident Corporations in Canada   
Schedule 303–Newfoundland and Labrador Direct Equity 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 367–New Brunswick Small Business Investor Tax Credit   
T2 Corporation Internet Filing terms and conditions  
T2 online mail terms of use  
CO17 5 year and 1 year summary  
PROVINCIAL RETURNS, SCHEDULES AND WORKSHEETS
Alberta AT1: AT1, AT1RSI, AS1, AS2, AS4, AS8, AS9, AS9Step, AS9Project, AS9Supplemental, AS10, AS12, AS13, AS14, AS15, AS16, AS17, AS18, AS20, AS21, AS20WS, AS21WS, AlbertaInstalments, AS21Loss continuity worksheet  
British Columbia: S421, S422, S423, S425, S427, S428, S429  
Manitoba: S380, S381, S383, S384, S385, S388, S389  
New Brunswick: S360, S365, S366  
Newfoundland and Labrador: S301, S302, S307, S308, S309  
Northwest Territories: S461  
Nova Scotia: S340, S341, S345, S346, S347, S348, S349, S350  
Nunavut: S481, S490  
Ontario: S500, S502, S504, S506, S508, S508WS, S510, S511, S524, S525, S546/547, S548, S550, S552, S554, S556, S558, S560, S562, S564, S566, S568, S569  
Prince Edward Island: S322  
Québec CO-17: CO-17, CO-17.SP, CO-17.A.1, CO-17S.2, CO-17S.3, CO-17S.4, CO-771.R.3, CO-17S.232, CO-130.A, CO-17S.9, CO-130.B, CO-17S.10, CO-17S.11, CO-17S.12, CO-17S.14, CO-17S.21, CO-771.1.3, CO-17S.36, CO-17S.10A, CO-17S.50, CO-771, CO-771.1.2.AT, CO-771.1.2.1.2, CO-771.1.3.AT, CO-786, CO-1012, CO-1027.VE, CO-1136, CO-1136.CS, CO-17S.8.CS (CO1136CSDetail), CO-17S.8 (CO1136Detail), CO-1137.A, CO-1137.E, CO-1138.1, CO-1029.8.33.6, CO-1029.8.33.6S (Summary), CO-1029.8.33.13, COZ-1027.P  
Saskatchewan: S402, S403, S410, S411  
Yukon: S442, S443  
CO-17 WORKSHEETS
CO17Déduction – Détails de déductions diverses / 
CO17Deductions–Details of various deductions
 
CO17NonRemboursable – Détail des crédits non-remboursables / CO17NonRefundable – Details of various non-refundable credits  
CO17Remboursable – Détail des crédits remboursables divers / 
CO17Refundable–Details of various refundable credits
 
CO17ImpôtSpécial – Impôt special / CO17SpecialTax – Special tax  
CO1012ReportRP – Grille de calcul pour le report rétrospectif d'une perte du Québec / CO1012LossCB –CO1012 Québec loss carryback worksheet  
Grille CO-17 de production en ligne / CO17OnlineWS–CO-17 Online filing worksheet  
Grille QC2 – Grille de calcul des dons de bienfaisance du Québec / QC2WS–Québec donations worksheet  
Grille QC4 – Grille de calcul de continuité d’une perte du Québec / QC4WSQuébec loss continuity worksheet  
QC1Ajout – CO17A1 Crédits d'impôt imposables / QC1Addition–CO17A1 Taxable tax credits  
QC1AutresAjouts – CO17A1 Autres ajouts / QC1AdditionOther–CO17A1 Other additions  
QC1Déduction – CO17A1 Crédits d'impôt non imposables / QC1Deduction–CO17A1 Non-taxable tax credits  
QC1AutresDéductions – CO17A1 Autres déductions / QC1DeductionOther–CO17A1 Other deductions  
SUMMARIES
1-year summary  
5-year Schedule 1 summary  
5-year Comparative  
FILING AND AUTHORIZATION
T1134–Information Return Relating To Controlled and Not-Controlled Foreign Affiliates  
T1135–Foreign Income Verification Statement  
T106–Information Return of Non-Arm's Length Transactions with Non-Residents  
T183Corp–Information Return for Corporations Filing Electronically  
RC59–Business Consent for Offline Access  
RC59X–Cancel Business Donsent or Delegated Authority  
AT4930–Alberta consent form  
CO-1000.TE – Transmission par Internet de la déclaration de revenus d'une société / Online filing of the corporation income tax return  
MR-69  – Autorisation relative à la communication de renseignements, procuration ou révocation / Power of attorney, authorization to communicate information, or revocation  
TP-997.1 – Déclaration de renseignements des entités exonérées d’impôt / Information return for tax-exempt entities  
TEMPLATES AND CLIENT CORRESPONDENCE
Client letter  
Engagement letter  

Online filing of the corporation income tax return (CO-17)

This software allows the filing of the Corporation Income Tax Return (CO-17), the Information and Income Tax Return for Non-Profit Corporations (CO-17.SP) and related forms, including the Online Filing of the Corporation Income Tax Return by an Accredited Person form (CO-1000.TE). However, its use, as well as any omission or inaccuracy in the information provided, is the responsibility of the user.