TaxCycle T5

2018-t5-collage

Slips and relevés
for investment income

Issue t-slips to recipients and file the related issuer summaries with the Canada Revenue Agency (CRA) and Revenu Québec.

Prepare and electronically file unlimited federal T5 slips and summaries, as well as unlimited Québec RL-3.

TaxCycle T5 is included in the Complete Paperless Tax Suite, the Paperless Office or Tax Basics. It is also available as a stand-alone 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.


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Time-saving Excel®
slips import

Populate our sample Excel® template with your client's slip recipient data. Then drag and drop it onto the TaxCycle window to import. You can even undo and redo!

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Email a request for missing slip info

Save time when getting ready to file. In a single click, send an email to your client requesting specific information missing from slips in the file.

Learn how it works

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SlipSync T5s
with T1 returns

Prepare T5 slips and publish them to SlipSync. If you're preparing a T1 return for one of the slip recipients, TaxCycle alerts you to bring in the T5 slip data.

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Live preview of
printed slip

Printed slips show at the bottom of the each data entry page. Open a second window and watch it update as you enter data in the main TaxCycle window.

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Québec RL-3 preparation

Use TaxCycle T5 to prepare the related Québec RL-3 relevés. Start by entering data on the T5 slips, then scroll down to complete and review the equivalent Québec fields.

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Carry forward from software or XML

Carry forward slips from prior-year ProFile® FX, Cantax® FormMaster, or Taxprep® Forms files. Or, bring in the XML file transmitted to the CRA last year.

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Defaults speed
data entry

Set the default recipient type, city, province, footnotes, and information boxes on the Info worksheet to automatically populate all T5 slips in the file.

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More than just
a summary

The Slips summary lists all the slips in the file. Use it as a review tool. Add review marks. Double-click to drill down to the source slip.

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Independent and integrated

A separate module for T5's allows us to build special T5 features, and lets you set specific options just for T5 slips. Tight integration with other modules means you can create a T5 from a T2 return.

Forms and features

RETURNS
Number of returns Unlimited
Federal T5 slips and summaries Yes 
Québec RL-3 relevés and summaries Yes 
CARRY FORWARD
TaxCycle T5 Yes 
ProFile® FX Yes
Cantax® FormMaster Yes
Taxprep® Forms Yes
ELECTRONIC FILING
CRA Internet File Transfer (XML) for T5 (original, amended or cancelled slips) Yes
Revenu Québec RL3 (original, amended or cancelled relevés) Yes
PRACTICE TOOLS
Client Manager Yes
Template Editor Yes
WORKSHEETS
Info - Transmission Information Yes
Engagement - Engagement Information  
InternetWS - Internet Filing Results Yes
SLIPS and RELEVÉS
T5 - Statement of investment income Yes
RL-3 – Investment income (Québec) Yes
SUMMARIES
Slips - Slips summary Yes
T5Summary - Return of investment income Yes
RL3Summary - Summary of investment income (Québec) Yes
Tape Summary Yes
TEMPLATES
MLetter - Missing slips email Yes