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TaxCycle T3/TP-646

Trust Tax Return Preparation

All the great features you're used to in other TaxCycle tax modules, paired with trust-specific worksheets and calculations.

Prepare and electronically file unlimited federal T3 return and slips, NR4 slips for non-resident trust beneficiaries (code 11), as well Québec TP-646 returns and RL-16 relevés.

TaxCycle T3/TP-646 is included in the Complete Paperless Tax Suite and is also available as a standalone module.

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.


allocate-s9ws

Flexible allocation to beneficiaries

Enter beneficiaries on T3 slips, the Beneficiary worksheet, or the Allocation worksheet. Then, distribute income on the S9 worksheet.

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2018-t3-from-t1-1

Create a T3
from a T1

Effortlessly transfer taxpayer data from a TaxCycle T1/TP1 personal tax return into a TaxCycle T3/TP-646 trust return in a single click.    

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2018-t3ret-efile

Electronic filing for T3RET and slips

Electronically file T3 slips, NR4 slips, and the T3RET tax return (when eligible) through the CRA Internet File Transfer (XML) portal.

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Québec TP-646 and RL-16 included

Prepare and file Québec TP-646 trust returns and the related RL-16 relevés for beneficiaries alongside your T3 return. For no extra cost.

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Built-in NR4 slip preparation 

Prepare (code 11) NR4 slips for non-resident trust beneficiaries right in TaxCycle T3/TP-646, without jumping to a separate slips module.

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Carry forward from your old software

Bring forward existing trust return files from Intuit® ProFile® , Cantax® and Taxprep® . Save time when converting to TaxCycle.

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Forms and features

RETURNS
Number of returns Unlimited
Number of slips Unlimited
Federal T3 returns 2014 to 2018
Québec TP-646 returns 2017 to 2018
CARRYFORWARDS
TaxCycle T3 Yes
ProFile® T3 Yes
Cantax® FormMaster Yes
Taxprep® T3 Yes
ELECTRONIC FILING
CRA Internet File Transfer (XML) for T3 slips and T3RET Yes
Number of slips and returns Unlimited
PRACTICE TOOLS
Client Manager Yes
Template Editor 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 CCA/asset, CEC, farming inventory adjustment and T1139 Yes
T2121 - Fishing Activities, plus related CCA/asset, CEC, and T1139 Yes
T2125 - Business or Professional Activities, plus 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
QUÉBEC TP-646 SCHEDULES AND FORMS
TP-646 jacket Yes
Schedule A (TPA) - TaxCycle Capital Gains and Designated Net Taxable Capital Gains Yes
Schedule B (TPB) - Investment Income, Gross-Up of Dividends Not Designated and Adjustment of Investment Expenses Yes
Schedule C (TPC) - Summary of Allocations and Designations Yes
Schedule D (TPD) - Carry-Back of a Loss Yes
Schedule E (TPE) - Income Tax on the Taxable Distributions Amount and Calculation of Eligible Dividends to Be Designated Yes
Schedule F (TPF) - Income Tax Payable by a Specified Trust for a Specified Immovable Yes
Schedule G (TPG) - Additional Information - Trust Resident in Québec That Owns a Specified Immovable Yes
Schedule H (TPH) - Recovery tax Yes
TPF-646.W Keying Summary for the Trust Income Tax Return
Yes
TPF-646.X Keying Summary for Schedules A, F, G and H of the Trust Income Tax Return
Yes
TPF-646.Y Keying Summary for Forms TP-80-V and TP-128.F-V Filed with the Trust Income Tax Return
Yes
TPF-646.Z Keying Summary for Forms Filed with the Trust Income Tax Return
Yes
TP-128.F - Rental
Yes
TP-653 - Deemed Sale Applicable to Certain Trusts
Yes
TP-668.1 - Taxable Capital Gains of a Trust That Give Entitlement to a Deduction
Yes
TP-729 - Carry-Forward of Net Capital Losses
Yes
TP-750 - Income tax payable by a trust resident in Québec that carries on a business in Canada or outside Québec
Yes
TP-77642 - Alternative Minimum Tax
Yes
RL-16 - Revenus de fiducie Yes
TPIncomeDeductions – Details of various income and deduction amounts Yes
TPABIL worksheet - Québec Allowable Business Investment Losses
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