TaxCycle TP1 for Accountants

TP1 personal tax preparation

Unlimited TP1 personal returns, unlimited NetFile and backed by a 100% accurate tax guarantee.

Thoughtfully modern, totally familiar

TaxCycle TP1 is built on the best of today's technology paired with familiar shortcuts and forms. With hundreds of delightful innovations, you'll be amazed at how you'll be processing tax returns more efficiently than ever before.

TaxCycle T1, TaxCycle TP1, Computer Monitors

NetFile-first workflow

NetFile is mandatory for all professional tax preparers, so we created tax software that makes it part of preparing returns. No separate windows, constant view of transmission-readiness, and a process that guides you through filing, from consent to dealing with rejections.

Du soutien sur lequel vous pouvez compter

Vos demandes de soutien sont traitées au Canada par les analystes fiscaux et les concepteurs du logiciel. Vous obtenez des mises à jour en temps voulu et vous reconnaissez les améliorations.

Ce logiciel est magnifique. Votre soutien est inégalé. C'est merveilleux de savoir que vous écoutez, changez et améliorez le logiciel à chaque étape du processus.

Michael Woodlock, Président
Tax Service Year Round Ltd.

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.



All of the TaxCycle T1 features, plus seamless T1/TP1 integration

As we’ve done with the whole TaxCycle Suite, we’ve brought a modern approach to TaxCycle T1/TP1 software; making it more efficient to preparing returns simultaneously for both CRA and Revenu Québec.

With the fully bilingual TaxCycle T1/TP1 software, you can:
  • Switch between federal slips and Québec relevés

    See, review, compare and edit federal slips and Québec relevés at the same time. No more flipping back and forth between screens.
  • Switch between federal slips and Québec relevés
  • Switch languages

    Switch between language settings on forms. A single button click allows you to switch back and forth as needed. You can also configure the printing default to either language.
  • Switch languages
  • Review defaults in one place

    Edit defaults on a smaller number of worksheets. TaxCycle T1/TP1 combines worksheets (e.g. support payments) for both CRA and Revenu Québec. This allows tax preparers to review defaults in one place.  
  • Review defaults in one place
  • TP1 Fast Find

    Easily find Québec forms with Fast Find without all the hyphens and periods. For example, type “TP10298622” to search for the TP-1029.8.66.2. Partial searches work as well — “10298” would also find the same form.
     
  • TP1 Fast Find

Forms and features

RETURNS
Number of returns Unlimited
Prepare TP1 returns for: 2014 to 2017
CARRY FORWARD
TaxCycle TP1 returns Yes
ProFile® TP1 returns Yes
Taxprep® TP1 Yes
ELECTRONIC SERVICES
Revenu Québec NetFile (secure and browser-free) Yes
Download tax data from Revenu Québec Yes
RETURN TYPES
Coupled taxpayer/spouse returns Yes
Multiple-jurisdiction tax returns Yes
Returns for deceased taxpayers Yes
Bankruptcy returns Yes
SUPPORT
Accuracy guarantee on TP1 calculations Yes
Satisfaction guarantee Yes
Automatic updates Yes
Free technical support via email and telephone Yes
Free online community Yes
REVIEW AND ACCURACY TOOLS
Active review messages Yes
QuickFix review solutions Yes
Review messages configuration (show/hide) Yes
Memos, tapes and review marks Yes
Snapshot variance Yes
Automatic TP1-R Yes
TEMPLATES AND CLIENT CORRESPONDENCE
Client correspondence and templates Yes
Invoice (and joint invoice) Yes
Client letter (and joint client letter) Yes
WORKSHEETS
TPForest (Schedule E worksheet) Yes
TPGSUM Schedule G summary capital gains and losses Yes
TPDonations Yes
TPIncome  Yes
TPDeductions Yes
TPCredits Yes
TPArtists Yes
TPInv Investment income Yes
TPHealth (Line 448 of TP1 Jacket) Yes
TP1012ALossCB Loss carryback worksheet Yes
Solidarity tax credit estimate worksheet  Yes
SUMMARIES
TP1ShortSummary Yes
TP1 Slip Summary Coming soon
QUÉBEC SCHEDULES AND KEYING SUMMARIES
TP1 Income tax return Yes
TPF-1.U-V Income tax return data Yes
TPF-1.W-V Keying summary for the income tax return Yes
TPF-1.X-V Keying summary for the schedules and form TP-1029.TM-V Yes
TPF-1.Y-V  Keying summary for form TP-128-V, form TP-80-V and form TP-80.1-V Yes
TPF-1.Z-V Keying summary for form TP-1029.LR-V Yes
Schedule A Amount for dependants and amount transferred by a child pursuing studies Yes
Schedule B Tax relief measures Yes
Schedule C Tax credit for childcare expenses Yes
Schedule D Solidarity tax credit Yes
Schedule E Tax adjustments and credits Yes
Schedule F Contribution to the health services fund Yes
Schedule G Capital gains and losses Yes
Schedule H Tax credit for caregivers Yes
Schedule I Additional subsidized childcare contribution  Yes
Schedule J Tax credit for home-support services for seniors Yes
Schedule K Premium payable under the Québec prescription drug insurance plan Yes 
Schedule L Business income Yes 
Schedule M Interest paid on a student loan Yes 
Schedule N Adjustment of investment expenses Yes 
Schedule O Tax credit for respite of caregivers Yes 
Schedule P Tax credits respecting the work premium Yes 
Schedule Q Retirement income transferred to your spouse Yes 
Schedule R Québec parental insurance plan (QPIP) premium Yes 
Schedule S Amount transferred by a child 18 or over enrolled in post-secondary studies Yes 
Schedule T Tax credit for tuition or examination fees  Yes 
Schedule V Tax credits for donations and gifts Yes 
SLIPS
RL-1 Slip Employment and other income Yes
RL-2 Slip Retirement and annuity income Yes
RL-3 Slip Investment income Yes
RL-5 Slip Benefits and indemnities Yes
RL-6 Slip Québec parental insurance plan Yes
RL-7 Slip Investments in an investment plan Yes
RL-8 Slip Amount for post-secondary studies Yes
RL-10 Slip Tax credit for a labour-sponsored fund Yes
RL-11 Slip Flow-through shares Yes
RL-15 Slip Amounts allocated to the members of a partnership Yes
RL-16 Slip Trust income Yes
RL-17 Slip Remuneration for employment outside Canada Yes
RL-18 Slip Securities transactions Yes
RL-19 Slip Advance payments of tax credits Yes
RL-22 Slip Employment income related to multi-employer insurance plans Yes
RL-23 Slip Recognition of volunteer respite services Yes
RL-24 Slip Childcare expenses Yes
RL-25 Slip Income from a profit-sharing plan Yes
RL-26 Slip Capital régional et coopératif Desjardins Yes
RL-30 Slip Subsidized educational childcare  Yes
INCOME STATEMENTS
TP-80-V Business or professional income and expenses Yes
TP-80.1-V Calculation of business or professional income, adjusted to December 31 Yes
TP-128-V Income and expenses respecting the rental of immovable property Yes
TPFarming Québec statement of farming activities Yes
TPFishing Québec statement of fishing activities Yes
TP-1086.R.23.12-V Costs incurred for work on an immovable Yes
DEDUCTIONS
TP-59-V Employment expenses of salaried employees and employees who earn commissions Yes
TP-64.3-V General employment conditions Yes
TP-66-V Employment expenses of transport employees Yes
TP-75.2-V Employment expenses of salaried tradespeople Yes
TP-76-V Residence deduction for a member of the clergy or a religious order Yes
TP-78-V Employment expenses of forestry workers Yes
TP-78.4.V Employment expenses of salaried musicians Yes
TP-232.1-V Business investment loss Yes
TP-348-V Moving expenses Yes
TP-350.1-V Calculation of the deduction for residents of designated remote areas Yes
TP-358.0.1-V Disability supports deduction Coming soon
TP-726.6-V Cumulative net investment loss Yes
TP-726.7-V Capital gains deduction on qualified property Yes
TP-726.20.2-V Capital gains deduction on resource property Coming soon
TP-729-V Carry-forward of net capital losses Yes
TP-752.0.13.1-V Expenses for Medical Services Not Available in Your Area Coming soon
TP-931.1-V Amounts from a spousal RRSP or RRIF Yes
TP-935.3-V Repayment of RRSP funds withdrawn under the home buyers’ plan or the lifelong learning plan Yes
TP-965.39.4-V Calculation of the CIP deduction Yes
 TP-965.55.R-V Recovery of deductions for a stock savings plan II (SSP II) Yes 
TAX AND CREDITS
TPIncomeTax Yes
LE-35-V QPP Contribution on income from self-employment Yes
LM-53-V Insurable earnings under the QPIP and pensionable earnings under the QPP of a person responsible for a family-type resource or an intermediate resource Yes
VD-358-V Québec sales tax rebate for employees and partners Yes
TP-22-V Income tax payable by an individual who carries on a business in Canada, outside Québec
Yes
TP-25-V Income tax payable by an individual resident in Canada, outside Québec, who carries on a business in Québec Yes
TP-772-V Foreign tax credit Yes
TP-776.42-V Alternative minimum tax Yes
TP-1029.8.33.6-V Tax credit for an on-the-job training period Yes
TP-1029.8.61.64-V Tax credit for caregivers Yes
TP-1029.8.63-V Tax Credit for adoption expenses Yes
TP-1029.8.66.2-V Tax credit for the treatment of infertility Yes
TP-1029.9-V Tax Credit for taxi drivers or taxi owners Yes
TP-1029.LR-V LogiRénov home renovation tax credit  Yes
TP-1129.64-V Special tax relating to a registered education savings plan Yes 
TP-1129.RI-V Special tax on an excess amount under a profit-sharing plan Yes 
TPZ-1029.MD-5-V Information return tax credit for home-support services for seniors Yes 
TP-1029.TM-V Grant for seniors to offset a municipal tax increase Yes
TP-1026 Calculation of instalment payments to be made by individuals 
coming soon 
FILING AND AUTHORIZATION
LM-3-V Request for direct deposit Yes
MR-69-V Power of attorney, authorization to communicate information, or revocation Yes
TP-1026.0.1.P-V Remittance slip Yes
TP-1000-V Online filing of the personal income tax return by an accredited person Yes
TP-1008-V Consent to have revenu Québec provide notices online only Yes
TP-1012.A-V Carry-back of a loss Yes

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