TaxCycle T3

T3 Trust Tax Preparation

TaxCycle T3 comes with unlimited T3 returns, unlimited electronic filing (CRA's Internet File Transfer), and it's packed with hundreds of delightful innovations.

Thoughtfully modern. Totally familiar.

Enjoy the same time-saving features you love in TaxCycle's personal and corporate tax preparation software, now while preparing trust returns.

Simple carry forward - Intuit ProFile®, Cantax®, and Taxprep®

Carry forward from Intuit ProFile® T3, Cantax® FormMaster and Taxprep® T3.

Electronic-filing-first workflow

TaxCycle T3 gives you a constant view of transmission-readiness as you prepare the T3 slips and summary internet filing. The electronic filing status is built right into preparation workflow, speeding preparation, increasing accuracy and streamlining government electronic submission. Each trust return contains a full history of all electronic transmission attempts, responses and messages.

Flexible beneficiary data and allocation methods

If you use TaxCycle T1 or T2, most of the T3 forms and features look and behave the same. However, one area unique to TaxCycle T3 (and likely different from your old tax software) is the flexibility you have in entering beneficiary information and in allocating income to beneficiaries.

Reliable support from tax analysts and developers

Your support requests are answered in Canada by the tax analysts and developers who build our software. This means timely updates and enhancements you recognize.


Forms and features

RETURNS
Number of returns Unlimited
Number of slips Unlimited
Prepare returns for 2014 to 2016
CARRY FORWARD
TaxCycle T3 Yes
ProFile® T3 Yes
Cantax® FormMaster  Yes
Taxprep® T3 Yes
Electronic filing
CRA Internet File Transfer (XML) Yes
Number of slips Unlimited
RETURN TYPES
T3RET - Trust Income Tax and Information Return Yes
WORKSHEETS
Info - Trust Information Yes
Engagement - Engagement Information Yes
Allocation - Beneficiary Allocation Yes
Beneficiary - Beneficiary Information Yes
ABIL - Allowable Business Investment Losses Yes
S1M - Capital property disposition manager Yes
Charitable donations worksheet
Yes
FTC - Foreign Tax Credits Yes
IncomeDeduction - Details of various income and deduction amounts Yes
Instalments worksheet
 Yes
Internet file worksheet
Yes 
NetCapLoss - Net Capital Losses Yes
NonCapLoss - Non-Capital Losses Yes
S9Allocation - Beneficiary information Yes
Loss carryback worksheet
Yes
BENEFICIARY SLIPS & SUMMARIES
NR4Summary Yes
T3Ben - T3 Allocations and Designations to a Beneficiary Yes
T3Summary - Summary of Trust Income Allocations and Designations Yes
SLIPS
T3 - Statement of Trust Income Yes
T5 - Statement of Investment Income Yes
T5008 - Statement of Securities Transactions
Yes 
T5013 - Statement of Partnership Income Yes
T101 - Statement of Resource Expenses Yes
Foreign Income Yes
FEDERAL/PROVINCIAL SCHEDULES AND FORMS
T3RET - T3 General Yes
T3FFT - Federal Foreign Tax Credits Yes
T3PFT - Provincial Foreign Tax Credits Yes
S1A - Capital Gains on Gifts of Certain Capital Property Yes
S1 - Dispositions of Capital Property Yes
S2 - Reserves on Dispositions of Capital Property Yes
S3 - Eligible Taxable Capital Gains Yes
S4 - Cumulative Net Investment Loss Yes
S5 - Spousal or Common-Law Partner Trust's Capital Gain Deduction in Year of Beneficiary's Death Yes
S6 - Trusts' Agreement to Allocate the Basic Exemption from Minimum Tax Yes
S7 - Pension Income Allocations and Designations Yes
S8 - Statement of Investment Income Yes
S9 - Income Allocations and Designations to Beneficiaries Yes
S10 - Part XII.2 Tax and Part XIII Non-Resident Withholding Tax Yes
S11 - Federal Tax Yes
S12 - Minimum Tax Yes
T1055 - Summary of Deemed Dispositions Yes
T2233 - Election to Defer Payment of Income Tax Yes
INCOME STATEMENTS
T1163/T1273 - AgriStability Statement A, plus related CCA/asset, CEC, farming inventory adjustment and T1139
Yes
T1164/T1274 - AgriStability Statement B
Yes 
T776 - Real Estate Rentals, plus related CCA/asset worksheets Yes
T2042 - Farming Activities, plus related related CCA/asset, CEC, farming inventory adjustment and T1139 Yes
T2121 - Fishing Activities, plus related related CCA/asset, CEC, and T1139 Yes
T2125 - Business or Professional Activities, plus related related CCA/asset, CEC, and T1139 Yes
FILING & AUTHORIZATION
T3A - Request for Loss Carryback by a Trust Yes
T3ADJ - T3 Adjustment Request Yes
T1013 - Authorizing or Cancelling a Representative Yes
T1079 and T1079WS - Designation of a Property as a Principal Residence by a Personal Trust Yes
T1135 - Foreign Income Verification Statement Yes
T1141 - Information return in respect of transfers or loans to a non-resident trust
Yes 
T1142 - Information return in respect of distributions from and Indebtedness to a Non-Resident Trust
Yes 
TX19 - Asking for a Clearance Certificate Yes
RC59 - Business Consent Form Yes
SUMMARIES
2-year Client Summary Yes
2-year Variance Summary Yes
5-year Variance Summary Yes
Foreign Tax Summary Yes
Summary of business, farming, fishing and rental income
Yes
Income Statement Summary Yes
T3 Summary for Trust
 Yes
Slips Summary Yes
Tape Summary Yes
TEMPLATES AND CLIENT CORRESPONDENCE
Client correspondence and templates Yes
Client letter Yes
Email any template to client Yes
Send documents securely with e-courier.ca Yes
Template Editor Included in suites, bundles and combos. Also available separately.
FILE/CLIENT DATABASE
File/return status settings Yes
Client Manager Included in suites, bundles and combos. Also available separately.
Batch carry forward (via Windows dialog) Yes
Batch carry forward and printing (via Client Manager) Included in suites, bundles and combos. Also available separately.
SUPPORT
Satisfaction guarantee Yes
Automatic updates Yes
Free technical support via email and telephone Yes
Free online community Yes

We make software only for
accountants and tax professionals.


Download your free trial

Which tax preparation software do you currently use?




What do you use for source document management software right now in your office?

Questions or Comments

Pricing

We have pricing options for every size of practice.

Buy Today

More information

Have more questions? Send us an email or call toll-free at 1-888-841-3040.

Contact Us

 

 

Join Our Newsletter

Sign up today to receive all the future TaxCycle newsletters

More Products

T1, TaxCycle
 TaxCycle T1
   
TP1, TaxCycle  TaxCycle TP1
   
DoxCycle  DoxCycle
   
T2, TaxCycle  TaxCycle T2
   
T3, TaxCycle  TaxCycle T3
   
T4, TaxCycle  TaxCycle T4/T4A
   
NR4, TaxCycle  TaxCycle NR4
   
T5, TaxCycle  TaxCycle T5
   
T3010, TaxCycle  TaxCycle T3010
   
T5013, TaxCycle  TaxCycle T5013
   
T5018, TaxCycle  TaxCycle T5018
   
TaxCycle Forms   TaxCycle Forms