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.

Switch to TaxCycle today

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.



Forms and features

RETURNS
Number of returns Unlimited
Number of slips Unlimited
Supported tax years 2014 to 2017
CARRY FORWARD
TaxCycle T3 Yes
ProFile® T3 Yes
Cantax® FormMaster  Yes
Taxprep® T3 Yes
Electronic filing
CRA Internet File Transfer (XML) for slips and the T3RET 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
Donations - Charitable donations worksheet Yes
FTC - Foreign Tax Credits Yes
IncomeDeduction - Details of various income and deduction amounts Yes
Instalments worksheet  Yes
InternetWS - Internet file worksheet Yes 
NetCapLoss - Net Capital Losses Yes
NonCapLoss - Non-Capital Losses Yes
S9WS - S9 Allocation worksheet Yes
T3ALossCB - Loss carryback worksheet Yes
T3RET EFILE worksheet Yes
BENEFICIARY SLIPS & SUMMARIES
NR4Summary - Summary of Amounts Paid or Credited to Non-Residents of Canada 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
T3QDT - Joint Election for a Trust to be a Qualified Disability Trust 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
Provincial tax and credits worksheets, plus British Columbia T88, Manitoba T1241 and T4164, New Brunswick Small Business Investor Tax Credit, and Newfoundland and Labrador T1129. 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
RC59X - Cancel 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 Yes
FILE/CLIENT DATABASE
File/return status settings Yes
Client Manager Yes
Batch carry forward and printing (via Client Manager) Yes
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.