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.
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.
Drag and drop import General Index of Financial Information (GIFI) from all major accounting packages: QuickBooks®, Sage®, CaseWare®, etc.
Take the load off preparing returns for associated/related corporations. Live linking shares data between corporations in real time.
Instant data flow between Schedule 8 CCA schedule and Asset worksheets make for quick data entry and powerful management of assets.
Know the impact of budget changes using the TaxConstants worksheet. Change effective dates and rates without waiting for a software update.
Link TaxCycle T2 files with a DoxCycle PDF for corporate documents. Keep an organized PDF of the tax return and related documents.
Filing more that one type of return? Complete each return and file them all in a single click with TaxCycle's multiple transmit option.
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.
Schedule 5 grows or shrinks based on the jurisdictions you choose. CO-17 and AT1 forms and fields appear only when you need them.
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.
| 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 | |
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.
