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TaxCycle T2

Corporate Tax Returns

TaxCycle T2

TaxCycle T2 includes everything you need to prepare tax returns for Canadian corporations, from small businesses to the most complex associated/related corporate groups.

Prepare and electronically file unlimited returns from multiple jurisdictions including federal T2, Québec CO-17, Alberta AT1 and T1135 foreign income verification statement.

TaxCycle T2 is included in the Complete Paperless Tax Suite, the Paperless Office, or Tax Basics. It is also available as a standalone module.

Speedy GIFI import

Drag and drop import General Index of Financial Information (GIFI) from all major accounting packages: QuickBooks®, Sage®, CaseWare®, etc.

Live corporate linking

Take the load off preparing returns for associated/related corporations. Live linking shares data between corporations in real time.

Great CCA and assets

Instant data flow between Schedule 8 CCA schedule and Asset worksheets make for quick data entry and powerful management of assets.

Tax constants and rates you can change

Know the impact of budget changes using the TaxConstants worksheet. Change effective dates and rates without waiting for a software update.

T2 document archive in DoxCycle

Link TaxCycle T2 files with a DoxCycle PDF for corporate documents. Keep an organized PDF of the tax return and related documents.

One-click T2, CO-17, AT1 EFILE

Filing more that one type of return? Complete each return and file them all in a single click with TaxCycle's multiple transmit option.

Flexible S9 and S23

Enter data into the associated/related corporate CGI worksheet, or use the S9 or S23. Allocate the small business deduction limit without jumping between forms.

Dynamic Schedule 5 for faster provincial preparation

Schedule 5 grows or shrinks based on the jurisdictions you choose. CO-17 and AT1 forms and fields appear only when you need them.

AgriStability and AgriInvest

Prepare AgriStability/AgriInvest forms for corporations in TaxCycle T2 using the AGRI worksheet. Automatically flow GIFI values into the AGRI forms. EFILE to the CRA.

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® and ProFile® software.

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Forms and features

RETURNS
Number of returns Unlimited
Federal T2 returns Tax years starting January 1, 2011
Alberta AT1 returns Tax years starting January 1, 2011
Québec CO-17 returns For 2016 year-ends onward
CARRYFORWARDS
TaxCycle T2   
ProFile® T2   
Cantax® T2   
Taxprep® T2   
ELECTRONIC FILING
T2 Corporation Internet Filing (including amended returns)   
CO-17 Online Filing   
AT1 Net File (including S12 through S21)   
T1135 EFILE   
Business Authorization/Cancellation Request (formerly RC59 and RC59X)   
T106 EFILE   
T1134 EFILE   
Request a Web Access Code (WAC)   
PRACTICE TOOLS
Corporate Linking   
Client Manager   
Template Editor   
WORKSHEETS
AuthRepBus–Authorization Request   
AuthRepBusCancel–Cancelling a Representative   
CGI–Corporate Group Information   
Capital Dividend Account (CDA)–current and prior year   
Engagement–Client engagement information   
Info–Corporate information   
Instalments–Instalment payments (federal and provincial)   
Motor vehicle worksheet   
Optimizations worksheet   
PaymentDueDate–Payment due date worksheet   
Rental worksheet   
Summary of rental income   
S1InducementRefundWS–Inducement refund worksheet   
S2WS–Donations worksheet   
S4Loss–Loss continuity worksheet   
S4LossC–Loss carryback worksheet   
S6M–Capital property disposition manager   
S8Asset–Asset manager   
S8Claim–Capital cost allowance (CCA) claim   
S8RecWS–Reconciliation   
S10WS–Cumulative eligible capital worksheet   
S31WS–Qualifying corporation worksheet   
S32PPACapWS–Overall cap on prescribed proxy amount    
S32WS–Government assistance worksheet   
S53WS–General rate income pool (GRIP) adjustment worksheet   
S54WS–Low rate income pool (LRIP) adjustment worksheet   
TaxConstants–Tax constants worksheet   
T2CIFWS–Corporation Internet Filing   
Tax payments made worksheet   
GENERAL INDEX OF FINANCIAL INFORMATION (GIFI)
GIFI import (from Accounting for Practitioners (AFP), CaseWare®, QuickBooks® Desktop, QuickBooks® Online, CCH Engagement, Sage®, CSV files)   
S100–Balance Sheet Information   
S101–Opening Balance Sheet Information   
S125–Income Statement Information   
S140–Summary Statement   
S141–Notes Checklist   
Notes to financial statements   
FEDERAL JACKET AND SCHEDULES
T2 Jacket   
T2-ADJ–Adjustment notes   
Schedule 001–Net Income (Loss) for Income Tax Purposes   
Schedule 002–Charitable Donations and Gifts   
Schedule 003–Dividends Received, Taxable Dividends Paid, and Part IV Tax Calculation   
Schedule 004–Corporation Loss Continuity and Application   
Schedule 005–Tax Calculation Supplementary — Corporations   
Schedule 006–Summary of Dispositions of Capital Property   
Schedule 007–Calculation of Aggregate Investment Income and Active Business Income   
Schedule 008–Capital Cost Allowance (CCA)   
Schedule 009–Related and Associated Corporations   
Schedule 010–Cumulative Eligible Capital Deduction   
Schedule 011–Transaction with Shareholders, Officers, or Employees   
Schedule 012–Resource-related deductions   
Schedule 013–Continuity of reserves    
Schedule 014–Miscellaneous Payments to Residents   
Schedule 015–Deferred Income Plans   
Schedule 016–Patronage dividend deduction   
Schedule 017–Credit union deductions   
Schedule 019–Non-Resident Shareholder Information   
Schedule 020–Part XIV - Additional Tax on Non-Resident Corporations   
Schedule 021 – Federal and Provincial or Territorial Foreign Income Tax Credits and Federal Logging Tax Credit   
Schedule 022–Non-resident discretionary trust   
Schedule 023–Agreement Among Associated Canadian-Controlled Private Corporations to Allocate the Business Limit   
Schedule 024–First-time Filer after Incorporation, Amalgamation or Winding-up of a Subsidiary into a Parent   
Schedule 025–Investment in foreign affiliates   
Schedule 027–Calculation of the Canadian manufacturing and processing profits reduction   
Schedule 028–Election not to be an Associated Corporation   
Schedule 030 (T1263)–Third-party payments for SR&ED   
Schedule 031 (and S31 worksheet)–Investment tax credit   
Schedule 032–SR&ED expenditures claim   
Schedule 033–Taxable Capital Employed in Canada – Large Corporations   
Schedule 035–Taxable Capital Employed in Canada – Large Insurance Corporations   
Schedule 037–Calculation of Unused Surtax Credit   
Schedule 042–Calculation of Unused Part I Tax Credit   
Schedule 044–Non-arm's length transactions   
Schedule 047–Canadian film or video production tax credit   
Schedule 048–Film or video production services tax credit   
Schedule 049–Agreement among associated CCPCs to allocate the expenditure limit   
Schedule 050–Shareholder Information   
Schedule 053–General Rate Income Pool (GRIP) Calculation   
Schedule 054–Low Rate Income Pool (LRIP) Calculation   
Schedule 055–Part III.1 Tax on Excessive Eligible Dividend Designations   
Schedule 060 (T661 Part 2)–SR&ED expenditures claim   
Schedule 061 (T1145)–Agreement to allocate assistance for SR&ED between persons not dealing at arm's length   
Schedule 062 (T1146)–Agreement to transfer qualified expenditures incurred in respect of SR&ED between persons not dealing at arm's length   
Schedule 071–Income inclusion for corporations that are members of single-tier partnerships   
Schedule 073–Income inclusion summary for corporations that are members of partnerships   
Schedule 088–Internet business activities   
Schedule 091–Information Concerning Claims for Treaty-Based Exemptions   
Schedule 097–Additional Information On Non-Resident Corporations in Canada    
Schedule 303–Newfoundland and Labrador Direct Equity Tax Credit    
Schedule 305–Newfoundland and Labrador Capital Tax on Financial Institutions    
Schedule 306–Newfoundland and Labrador Capital Tax on Financial Institutions - Agreement among related corporations    
Schedule 367–New Brunswick Small Business Investor Tax Credit    
T2 Corporation Internet Filing terms and conditions   
T2 online mail terms of use   
CO17 5 year and 1 year summary   
PROVINCIAL RETURNS, SCHEDULES AND WORKSHEETS
Alberta AT1: AT1, AT1RSI, AS1, AS2, AS4, AS8, AS9, AS9Step, AS9Project, AS9Supplemental, AS10, AS12, AS13, AS14, AS15, AS16, AS17, AS18, AS20, AS21, AS20WS, AS21WS, AlbertaInstalments, AS21Loss continuity worksheet   
British Columbia: S421, S422, S423, S425, S427, S428, S429   
Manitoba: S380, S381, S383, S384, S385, S388, S389   
New Brunswick: S360, S365, S366   
Newfoundland and Labrador: S301, S302, S307, S308, S309   
Northwest Territories: S461   
Nova Scotia: S340, S341, S345, S346, S347, S348, S349, S350   
Nunavut: S481, S490   
Ontario: S500, S502, S504, S506, S508, S508WS, S510, S511, S524, S525, S546/547, S548, S550, S552, S554, S556, S558, S560, S562, S564, S566, S568, S569   
Prince Edward Island: S322   
Québec CO-17: CO-17, CO-17.SP, CO-17.A.1, CO-17S.2, CO-17S.3, CO-17S.4, CO-771.R.3, CO-17S.232, CO-130.A, CO-17S.9, CO-130.B, CO-17S.10, CO-17S.11, CO-17S.12, CO-17S.14, CO-17S.21, CO-771.1.3, CO-17S.36, CO-17S.10A, CO-17S.50, CO-771, CO-771.1.2.AT, CO-771.1.2.1.2, CO-771.1.3.AT, CO-786, CO-1012, CO-1027.VE, CO-1136, CO-1136.CS, CO-17S.8.CS (CO1136CSDetail), CO-17S.8 (CO1136Detail), CO-1137.A, CO-1137.E, CO-1138.1, CO-1029.8.33.6, CO-1029.8.33.6S (Summary), CO-1029.8.33.13, COZ-1027.P   
Saskatchewan: S402, S403, S410, S411   
Yukon: S442, S443   
CO-17 WORKSHEETS
CO17Déduction – Détails de déductions diverses / 
CO17Deductions–Details of various deductions
  
CO17NonRemboursable – Détail des crédits non-remboursables / CO17NonRefundable – Details of various non-refundable credits   
CO17Remboursable – Détail des crédits remboursables divers / 
CO17Refundable–Details of various refundable credits
  
CO17ImpôtSpécial – Impôt special / CO17SpecialTax – Special tax   
CO1012ReportRP – Grille de calcul pour le report rétrospectif d'une perte du Québec / CO1012LossCB –CO1012 Québec loss carryback worksheet   
Grille CO-17 de production en ligne / CO17OnlineWS–CO-17 Online filing worksheet   
Grille QC2 – Grille de calcul des dons de bienfaisance du Québec / QC2WS–Québec donations worksheet   
Grille QC4 – Grille de calcul de continuité d’une perte du Québec / QC4WSQuébec loss continuity worksheet   
QC1Ajout – CO17A1 Crédits d'impôt imposables / QC1Addition–CO17A1 Taxable tax credits   
QC1AutresAjouts – CO17A1 Autres ajouts / QC1AdditionOther–CO17A1 Other additions   
QC1Déduction – CO17A1 Crédits d'impôt non imposables / QC1Deduction–CO17A1 Non-taxable tax credits   
QC1AutresDéductions – CO17A1 Autres déductions / QC1DeductionOther–CO17A1 Other deductions   
SUMMARIES
1-year summary   
5-year Schedule 1 summary   
5-year Comparative   
FILING AND AUTHORIZATION
T1134–Information Return Relating To Controlled and Not-Controlled Foreign Affiliates   
T1135–Foreign Income Verification Statement   
T106–Information Return of Non-Arm's Length Transactions with Non-Residents   
T183Corp–Information Return for Corporations Filing Electronically   
AT4930–Alberta consent form   
CO-1000.TE – Transmission par Internet de la déclaration de revenus d'une société / Online filing of the corporation income tax return   
MR-69  – Autorisation relative à la communication de renseignements, procuration ou révocation / Power of attorney, authorization to communicate information, or revocation   
TP-997.1 – Déclaration de renseignements des entités exonérées d’impôt / Information return for tax-exempt entities   
TEMPLATES AND CLIENT CORRESPONDENCE
Client letter   
Engagement letter   

Online filing of the corporation income tax return (CO-17)

This software allows the filing of the Corporation Income Tax Return (CO-17), the Information and Income Tax Return for Non-Profit Corporations (CO-17.SP) and related forms, including the Online Filing of the Corporation Income Tax Return by an Accredited Person form (CO-1000.TE). However, its use, as well as any omission or inaccuracy in the information provided, is the responsibility of the user.