TaxCycle T2/CO-17

TaxCycle T2 collage

Corporate Tax Return Preparation

TaxCycle T2/CO-17 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.

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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®, VisualTax and ProFile® software.


GIFI import

Speedy GIFI import

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

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corp-link

Live corporate linking

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

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s8asset

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.

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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.

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T2 document archive in DoxCycle

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

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One-click T2, CO-17, AT1, T1135 filing

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

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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.

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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.

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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 Yes
ProFile® T2 Yes
Cantax® T2 Yes
Taxprep® T2 Yes
VisualTax™ T2 Yes
ELECTRONIC FILING
CRA Corporation Internet Filing (including amended returns) Yes
CO-17 Online Filing Yes
AT1 Net File (including S12 through S21) Yes
T1135 online filing Yes
Request a Web Access Code (WAC) Yes
PRACTICE TOOLS
Corporate Linking Yes
Client Manager Yes
Template Editor Yes
WORKSHEETS
CGI – corporate group information Yes
Capital Dividend Account (CDA) – current and prior year Yes
Engagement – Client engagement information Yes
Info – Corporate information Yes
Instalments – Instalment payments (federal and provincial) Yes
Motor vehicle worksheet Yes
Optimizations worksheet Yes
PaymentDueDate – Payment due date worksheet Yes
Rental worksheet Yes
Summary of rental income Yes
S1InducementRefundWS – Inducement refund worksheet Yes
S2WS – Donations worksheet Yes
S4Loss – Loss continuity worksheet Yes
S4LossCB – Loss carryback worksheet Yes
S6M – Capital property disposition manager Yes
S8Asset – Asset manager Yes
S8Claim – Capital cost allowance (CCA) claim Yes
S8RecWS – Reconciliation Yes
S10WS – Cumulative eligible capital worksheet Yes
S31WS – Qualifying corporation worksheet Yes
S32PPACap – WSOverall cap on prescribed proxy amount  Yes
S32WS – Government assistance worksheet Yes
S53WS – General rate income pool (GRIP) adjustment worksheet Yes
S54WS – Low rate income pool (LRIP) adjustment worksheet Yes
TaxConstants – Tax constants worksheet Yes
T2CIFWS – Corporation Internet Filing Yes
Tax payments made worksheet Yes
GENERAL INDEX OF FINANCIAL INFORMATION (GIFI)
GIFI import (from Accounting for Practitioners (AFP), CaseWare®, QuickBooks® Desktop, QuickBooks® Online, CCH Engagement, Sage®, CSV files) Yes
S100 – Balance Sheet Information Yes
S101 – Opening Balance Sheet Information Yes
S125 – Income Statement Information Yes
S140 – Summary Statement Yes
S141 – Notes Checklist Yes
Notes to financial statements Yes
FEDERAL JACKET AND SCHEDULES
T2 Jacket Yes
T2-ADJ – Adjustment notes Yes
Schedule 001 – Net Income (Loss) for Income Tax Purposes Yes
Schedule 002 – Charitable Donations and Gifts Yes
Schedule 003 – Dividends Received, Taxable Dividends Paid, and Part IV Tax Calculation Yes
Schedule 004 – Corporation Loss Continuity and Application Yes
Schedule 005 – Tax Calculation Supplementary — Corporations Yes
Schedule 006 – Summary of Dispositions of Capital Property Yes
Schedule 007 – Calculation of Aggregate Investment Income and Active Business Income Yes
Schedule 008 – Capital Cost Allowance (CCA) Yes
Schedule 009 – Related and Associated Corporations Yes
Schedule 010 – Cumulative Eligible Capital Deduction Yes
Schedule 011 – Transaction with Shareholders, Officers, or Employees Yes
Schedule 012 – Resource-related deductions Yes
Schedule 013 – Continuity of reserves  Yes
Schedule 014 – Miscellaneous Payments to Residents Yes
Schedule 015 – Deferred Income Plans Yes
Schedule 016 – Patronage dividend deduction Yes
Schedule 017 – Credit union deductions Yes
Schedule 019 – Non-Resident Shareholder Information Yes
Schedule 020 – Part XIV - Additional Tax on Non-Resident Corporations Yes
Schedule 021 – Federal and Provincial or Territorial Foreign Income Tax Credits and Federal Logging Tax Credit Yes
Schedule 022 – Non-resident discretionary trust Yes
Schedule 023 – Agreement Among Associated Canadian-Controlled Private Corporations to Allocate the Business Limit Yes
Schedule 024 – First-time Filer after Incorporation, Amalgamation or Winding-up of a Subsidiary into a Parent Yes
Schedule 025 – Investment in foreign affiliates Yes
Schedule 027 – Calculation of the Canadian manufacturing and processing profits reduction Yes
Schedule 028 – Election not to be an Associated Corporation Yes
Schedule 030 (T1263) – Third-party payments for SR&ED Yes
Schedule 031 (and S31 worksheet) – Investment tax credit Yes
Schedule 032 – SR&ED expenditures claim Yes
Schedule 033 – Taxable Capital Employed in Canada – Large Corporations Yes
Schedule 037 – Calculation of Unused Surtax Credit Yes
Schedule 044 – Non-arm's length transactions Yes
Schedule 047 – Canadian film or video production tax credit Yes
Schedule 048 – Film or video production services tax credit Yes
Schedule 049 – Agreement among associated CCPCs to allocate the expenditure limit Yes
Schedule 050 – Shareholder Information Yes
Schedule 053 – General Rate Income Pool (GRIP) Calculation Yes
Schedule 054 – Low Rate Income Pool (LRIP) Calculation Yes
Schedule 055 – Part III.1 Tax on Excessive Eligible Dividend Designations Yes
Schedule 060 (T661 Part 2) – SR&ED expenditures claim Yes
Schedule 061 (T1145) – Agreement to allocate assistance for SR&ED between persons not dealing at arm's length Yes
Schedule 062 (T1146) – Agreement to transfer qualified expenditures incurred in respect of SR&ED between persons not dealing at arm's length Yes
Schedule 071 – Income inclusion for corporations that are members of single-tier partnerships Yes
Schedule 073 – Income inclusion summary for corporations that are members of partnerships Yes
Schedule 088 – Internet business activities Yes
Schedule 091 –  Information Concerning Claims for Treaty-Based Exemptions Yes
Schedule 097 – Additional Information On Non-Resident Corporations in Canada  Yes
T2 corporate internet filing terms and conditions Yes
T2 online mail terms of use Yes
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 Yes
British Columbia: S421, S422, S423, S425, S427, S428, S429 Yes
Manitoba: S380, S381, S383, S384, S385, S388, S389 Yes
New Brunswick: S360, S365, S366 Yes
Newfoundland and Labrador: S301, S302, S307, S308, S309 Yes
Northwest Territories: S461 Yes
Nova Scotia: S340, S341, S345, S346, S347, S348 Yes
Nunavut: S481, S490 Yes
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 Yes
Prince Edward Island: S322 Yes
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-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-1029.8.33.6, CO-1029.8.33.6S (Summary), CO-1029.8.33.13 Yes
Saskatchewan: S402, S403, S410, S411 Yes
Yukon: S442, S443 Yes
CO-17 WORKSHEETS
CO17Déduction – Détails de déductions diverses / 
CO17Deductions – Details of various deductions
Yes
CO17NonRemboursable – Détail des crédits non-remboursables / CO17NonRefundable – Details of various non-refundable credits Yes
CO17Remboursable – Détail des crédits remboursables divers / 
CO17Refundable – Details of various refundable credits
Yes
CO17ImpôtSpécial – Impôt special / CO17SpecialTax – Special tax Yes
CO1012ReportRP – Grille de calcul pour le report rétrospectif d'une perte du Québec / CO1012LossCB – CO1012 Québec loss carryback worksheet Yes
Grille CO-17 de production en ligne / CO17OnlineWS – CO-17 Online filing worksheet Yes
Grille QC2 – Grille de calcul des dons de bienfaisance du Québec / QC2WS – Québec donations worksheet Yes
Grille QC4 – Grille de calcul de continuité d’une perte du Québec / QC4WSQuébec loss continuity worksheet Yes
QC1Ajout – CO17A1 Crédits d'impôt imposables / QC1Addition – CO17A1 Taxable tax credits Yes
QC1AutresAjouts – CO17A1 Autres ajouts / QC1AdditionOther – CO17A1 Other additions Yes
QC1Déduction – CO17A1 Crédits d'impôt non imposables / QC1Deduction – CO17A1 Non-taxable tax credits Yes
QC1AutresDéductions – CO17A1 Autres déductions / QC1DeductionOther – CO17A1 Other deductions Yes
SUMMARIES
1-year summary Yes
5-year Schedule 1 summary Yes
5-year Comparative Yes
FILING AND AUTHORIZATION
T1135 – Foreign Income Verification Statement Yes
T183Corp – Information Return for Corporations Filing Electronically Yes
RC59 – Business consent form Yes
AT4930 – Alberta consent form Yes
CO-1000.TE – Transmission par Internet de la déclaration de revenus d'une société / Online filing of the corporation income tax return Yes
MR-69  – Autorisation relative à la communication de renseignements, procuration ou révocation / Power of attorney, authorization to communicate information, or revocation Yes
TP-997.1 – Déclaration de renseignements des entités exonérées d’impôt / Information return for tax-exempt entities Yes
TEMPLATES AND CLIENT CORRESPONDENCE
Client correspondence and templates Yes
Client letter Yes
Engagement letter Yes
Transmission par Internet de la déclaration de revenus d'une société (CO-17) / Online filing of the corporation income tax return (CO-17)

Ce logiciel permet la production de la Déclaration de revenus des sociétés (CO-17), de la Déclaration de revenus et de renseignements des sociétés sans but lucratif (CO-17.SP) et des formulaires connexes à celles-ci, y compris le formulaire Transmission par Internet de la déclaration de revenus d’une société (CO-1000.TE). Toutefois, son utilisation, de même que toute omission ou inexactitude dans les renseignements fournis, relève de l’utilisateur.

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.