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 jurisdictions across the country, including federal T2, Québec CO-17, Alberta AT1 returns.
TaxCycle T2 is included in the Complete Paperless Tax Suite, the Paperless Office, or Tax Basics. It is also available as a standalone module.
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.
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.
| CORPORATE 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 |
| FILE CARRYFORWARD | |
|---|---|
| TaxCycle T2 | |
| ProFile® T2 | |
| Cantax® T2 | |
| Taxprep® T2 | |
| ELECTRONIC FILING & SERVICES | |
|---|---|
| Business Authorization/Cancellation Request (formerly RC59 and RC59X) | |
| Québec MR-69 | |
| T2 Corporation Internet Filing (including amended returns) | |
| Québec CO-17 Online Filing (including amended returns) | |
| AT1 Net File (S12 through S21) | |
| Request a Web Access Code (WAC) | |
| T2 Pre-Validation | |
| T2 Auto-fill | |
| T1135 EFILE | |
| T106 EFILE | |
| T1134 EFILE | |
| FRRMS Submit e-Documents Services (T106, T1134, T1135) | |
| T2 AGRI EFILE | |
| DATA IMPORT/EXPORT | |
|---|---|
| General Index of Financial Information (GIFI) import from CaseWare®, QuickBooks®, CCH Engagement, Sage®, Xero®, CSV | |
| Corporate Linking | |
| Microsoft Excel® import into any form | |
| Create T4, T5, T5018, NR4 and Forms files from a T2 return | |
| GENERAL INDEX OF FINANCIAL INFORMATION (GIFI) | |
|---|---|
| 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 – Corporation Income Tax Return | |
| T2-ADJ – Adjustment notes | |
| T2Barcode – T2 barcode | |
| Schedule 1 – Net income (loss) for income tax purposes | |
| S1FinancingWS – Deduction of financing expenses worksheet | |
| S1InducementRefundWS – S1 Inducement refund worksheet | |
| Schedule 2 – Charitable donations and gifts | |
| S2WS – S2 Donations worksheet | |
| Schedule 3 – Dividends received, taxable dividends paid, and part IV tax calculation | |
| S3WS – S3 Dividend paid worksheet | |
| Schedule 4 – Corporation loss continuity and application | |
| S4LossCB – Loss carryback worksheet | |
| S4WS – Loss continuity worksheet | |
| Schedule 5 – Tax calculation supplementary | |
| Schedule 6 – Summary of dispositions of capital property | |
| S6M – Capital property disposition manager | |
| Schedule 7 – Calculation of aggregate investment income and active business income | |
| S7WS – Adjusted aggregate investment income (AAII) | |
| Schedule 8 – Capital cost allowance (CCA) | |
| S8Asset – Capital cost allowance | |
| S8Claim – CCA claim | |
| S8RecWS – Fixed asset reconciliation worksheet | |
| Schedule 9 – Related and associated corporations | |
| Schedule 10 – Cumulative eligible capital deduction | |
| Schedule 11 – Transaction with shareholders,officers, or employees | |
| Schedule 12 – Resource-related deductions | |
| Schedule 13 – Continuity of reserves | |
| S13WS – Financial statements reserve worksheet | |
| Schedule 14 – Miscellaneous payments to residents | |
| Schedule 15 – Deferred income plans | |
| Schedule 16 – Patronage dividend deduction | |
| Schedule 17 – Credit union deductions | |
| Schedule 18 – Federal and provincial or territorial capital gains refund | |
| Schedule 19 – Non-resident shareholder information | |
| Schedule 20 – Part XIV additional tax on non-resident corporations | |
| Schedule 21 – Federal and provincial or territorial foreign income tax credits and federal logging tax credit | |
| S21 – Provincial / territorial foreign tax credit worksheet | |
| Schedule 22 – Non-resident discretionary trust | |
| Schedule 23 – Agreement among associated Canadian-controlled private corporations to allocate the business limit | |
| Schedule 24 – First-time filer after incorporation, amalgamation or winding-up of a subsidiary into a parent | |
| Schedule 25 – Investment in foreign affiliates | |
| Schedule 27 – Calculation of the Canadian manufacturing and processing profits reduction | |
| Schedule 28 – Election not to be an associated corporation | |
| Schedule 29 – Payments to non-residents | |
| Schedule 30 (T1263) – Third-party payments for SR&ED | |
| Schedule 31 – Investment tax credit – corporations | |
| S31WS – Financial statements reserve worksheet | |
| Schedule 32 – T661 SR&ED expenditures claim | |
| S32PPACapWS – T661 overall cap on prescribed proxy amount | |
| S32WS – T661 Government assistance worksheet | |
| Schedule 33 – Taxable capital employed in Canada – large corporations | |
| Schedule 34 – Taxable capital employed in Canada – financial institutions | |
| Schedule 35 – Taxable capital employed in Canada – large insurance corporations | |
| Schedule 37 – Calculation of unused surtax credit | |
| Schedule 38 – Part VI tax on capital of financial institutions | |
| Schedule 39 – Agreement among related financial institutions - Part VI tax | |
| Schedule 42 – Calculation of unused part I tax credit | |
| Schedule 43 – Calculation of parts IV.1 and VI.1 taxes | |
| Schedule 44 – Non-arm's length transactions | |
| Schedule 45 – Agreement respecting liability for part VI.1 tax | |
| Schedule 47 (T1131) – Canadian film or video production tax credit | |
| Schedule 48 (T1177) – Film or video production services tax credit | |
| Schedule 49 – Agreement among associated CCPCs to allocate the expenditure limit | |
| Schedule 50 – Shareholder information | |
| Schedule 53 – General rate income pool (GRIP) Calculation | |
| S53WS – S53 General rate income pool (GRIP) adjustment worksheet | |
| Schedule 54 – Low rate income pool (LRIP) Calculation | |
| S54WS – S54 Low rate income pool (LRIP) calculation worksheet | |
| Schedule 55 – Part III.1 tax on excessive eligible dividend designations | |
| Schedule 58 – Canadian journalism labour tax credit | |
| Schedule 60 (T661 Part 2) – SR&ED expenditures claim | |
| Schedule 61 (T1145) – Agreement to allocate assistance for SR&ED between persons not dealing at arm's length | |
| Schedule 62 (T1146) – Agreement to transfer qualified expenditures incurred in respect of SR&ED between persons not dealing at arm's length | |
| Schedule 71 – Income inclusion for corporations that are members of single-tier partnerships | |
| Schedule 72 – Income inclusion for corporations that are members of multi-tier partnerships | |
| Schedule 73 – Income inclusion summary for corporations that are members of partnerships | |
| Schedule 88 – Internet business activities | |
| Schedule 89 – Request for capital dividend account balance verification | |
| Schedule 91 – Information concerning claims for treaty-based exemptions | |
| Schedule 97 – Additional information on non-resident corporations in Canada | |
| CDACurrentYearWS – T2054 Current year | |
| CDANextYearWS – T2054 Next year | |
| CDAPriorYearWS – T2054 Prior year | |
| WORKSHEETS | |
|---|---|
| Info – Corporate information | |
| CGI – Corporate Group Information | |
| Optimizations | |
| Engagement – Client engagement information | |
| Billing – Billing worksheet | |
| MotorVehicle – Motor vehicle worksheet | |
| Rental – Rental income | |
| RentalSummary – Summary of rental income | |
| FederalInstalments – Federal instalment payments | |
| TaxPaymentWS – Tax payments made worksheet | |
| T2PaymentDueDateWS – Payment due date worksheet | |
| Interest – Interest and late-filing penalties | |
| TaxConstants – Tax constants worksheet | |
| CustomFields | |
| PROVINCIAL RETURNS, SCHEDULES AND WORKSHEETS | |
|---|---|
| Alberta AT1 return (see below) | |
| British Columbia: S421, S422, S423, S425, S427, S428, S429, S430, BCLoggingTax | |
| Manitoba: S380, S381, S383, S384, S385, S387, S388, S389, S390, S394 | |
| New Brunswick: S360, S362, S365, S366, S367 | |
| Newfoundland and Labrador: S300, S301, S302, S303, S305, S306, S307, S308, S309 | |
| Northwest Territories: S460, S461 | |
| Nova Scotia: S340, S341, S343, S344, S345, S346, S347, S348, S349, S350 | |
| Nunavut: S480, S481 | |
| Ontario: S500, S501, S502, S504, S506, S507, S508, S508WS, S510, S511, S512, S513, S514, S515, S516, S517, S524, S525, S550, S552, S554, S556, S558, S560, S564, S566, S568, S569, 570 | |
| Prince Edward Island: S320, S321, S322 | |
| Québec CO-17 return (see below) | |
| Saskatchewan: S400, S402, S403, S404, S410, S411, SCT1 | |
| Yukon: S440, S441, S442, S443, S444 | |
| FILING AND AUTHORIZATION | |
|---|---|
| AuthRepBus – Authorization Request | |
| AuthRepBusCancel – Cancelling a Representative | |
| AuthRepBusResults – Authorization or cancellation requests results | |
| MBAuth – Authorization or cancellation of a representative (Manitoba) | |
| MR-69 – Power of attorney, authorization to communicate information, or revocation | |
| MR69Results – MR-69 attachments and results | |
| AT4930 – Alberta consent form | |
| T183 – Information return for corporations filing electronically | |
| T2CIFDeclaration – T2 CIF Terms and conditions | |
| T2OnlineMailTerms – T2 Online Mail Terms of Use | |
| T2CIFWS – Internet filing worksheet | |
| AttachADoc – Attach-a-doc for electronically-filed T2 corporation income tax returns | |
| PreValidation – Filing pre-validation | |
| CO-1000.TE – Online filing of the corporation income tax return | |
| T106 – Slip | |
| T106S – Summary | |
| T106TransmissionWS – T106 electronic transmission worksheet | |
| T1044 – Non-profit organization (NPO) information return | |
| T1044WS – NPO information return worksheet | |
| T1134 – Information return relating to controlled and not-controlled foreign affiliates | |
| T1134TransmissonWS – T1134 electronic transmission worksheet | |
| T1134Sup – T1134 Supplement | |
| T1135 – Foreign income verification statement | |
| T1135TransmissonWS – T1135 electronic transmission worksheet | |
| T2DD – Direct deposit (RC366) | |
| AGRI – AgriStability/AgriInvest Statement A/B | |
| AGRIInv – Farming inventory adjustment | |
| AgriEfileResults – AgriStability electronic transmission results | |
| SCT1 – Saskatchewan corporation capital tax return | |
| QUÉBEC CO-17 FORMS and WORKSHEETS | |
|---|---|
| CO-17 – Corporation income tax return | |
| CO-17.SP – Information and income tax return for non-profit corporations | |
| CO-17.A.1 – Net income for income tax purposes | |
| QC1Addition – CO17.A.1 Taxable tax credits | |
| QC1AdditionOther – CO17.A.1 Taxable tax credits | |
| QC1Deduction – CO17.A.1 Non-taxable tax credits | |
| QC1DeductionsAdditional – CO17.A.1 Additional deductions | |
| QC1DeductionOther – CO17.A.1 Other deductions | |
| CO-17.B – Adjustment of income from one or more partnerships | |
| CO-17.B.1 – Amount to be included in the income of a corporation that is a member of a single-tier partnership | |
| CO-17.B.2 – Amount to be included in the income of a corporation that is a member of a multi-tier partnership | |
| CO-17.CE – Internet business activities | |
| CO-17S.2 – Charitable donations and other gifts | |
| QC2WS – Québec donations worksheet | |
| CO-17S.3 – Dividends received and taxable dividends paid | |
| CO-17S.4 – Corporation loss continuity and application | |
| QC4WS – Québec loss continuity worksheet | |
| CO-130.B – Deduction respecting incorporeal capital property | |
| CO-17S.8 – List of investments | |
| CO-17S.8.CS – List of investments for certain corporations | |
| CO-17S.9 – Related and associated corporations | |
| CO-17S.10 – Transactions with shareholders, officers, or employees | |
| CO-17S.10A – Non-arm's length transactions | |
| CO-17S.11 – Continuity of reserves | |
| CO-17S.12 – Royalty payments or fees, or other similar payments | |
| CO-17S.14 – Non-resident shareholder information | |
| CO-17S.21 – Foreign tax credit | |
| CO-17S.28 – Election not to be an associated corporation through a third corporation | |
| CO-17S.36 – First-time filer after incorporation, amalgamation, or winding-up of a subsidiary into a parent | |
| CO-17S.50 – Shareholder information | |
| CO-17S.232 – Summary of dispositions of capital property | |
| CO-130.A – Capital cost allowance | |
| CO-156.EN – Agreement concerning regional ceilings respecting the additional deduction for transportation costs of small and medium-sized manufacturing businesses | |
| CO-156.TR – Additional deduction for transporting costs of small and medium-sized manufacturing businesses | |
| CO-400 – Resource-related deductions | |
| CO-502 Current Year – Election in respect of a dividend paid out of a capital dividend account | |
| CO-502 Next Year – Election in respect of a dividend paid out of a capital dividend account | |
| CO-771 – Calculation of the income tax of a corporation | |
| CO-771.1.2.1.2 – Income of a corporation that is a member of a partnership from an eligible business carried on in Canada by the corporation | |
| CO-771.1.2.1.2AT – Business limit allocated to a corporation that is designated member of a partnership | |
| CO-771.1.3 – Associated corporations' agreement respecting the allocation of the business limit | |
| CO-771.1.3.AJ – Adjust business limit | |
| CO-771.1.3.AT – Business limit allocated to a corporation that has specific corporate income | |
| CO-771.R.3 – Breakdown of business carried on in Québec and elsewhere | |
| CO771WS – Small business deduction, normalized paid hours calculation | |
| CO-786 – Patronage dividend deduction | |
| QC16WS – CO-786 Patronage dividend election worksheet | |
| CO-1012 – Application by a corporation to carry back a loss | |
| CO1012LossCB – CO-1012 Québec loss carryback worksheet | |
| CO-1027.P – Payment of income tax, capital tax, registration or compensation tax of a corporation | |
| CO-1027.VE – Instalments made and balance paid by a corporation | |
| CO-1027Instalments – Calculation of instalments for corporations | |
| CO-1027InstalmentsPaymentSchedule – Québec instalment payment schedule | |
| CO-1136 – Calculation of paid-up capital | |
| CO-1136.CS – Paid-up capital for purposes of calculating the income tax of certain corporations | |
| CO1136DeductionsWS – Deduction from paid-up capital | |
| CO-1137.A – $1 million deduction | |
| CO-1137.E – Agreement respecting the $1 million deduction | |
| CO-1138.1 – Associated corporations' agreement election respection the deduction for farming corporations and fishing corporations | |
| CO-1029.8.33.6 – Tax credit for an on-the job training period | |
| CO-1029.8.33.6S (Summary) – Summary of tax credit for an on-the job training period | |
| CO-1029.8.33.13 – Tax credit for reporting tips | |
| CO-1029.8.33.CS – Tax credit for small and medium-sized businesses that employ persons with a severly limited capacity for employment | |
| CO-1029.8.33.TE – Tax credit for small and medium-sized businesses to foster the retention of experienced workers | |
| CO-1029.8.33.TF – Agreement concerning the tax credit for small and medium-sized businesses to foster the retention of experienced workers | |
| CO-1029.8.35 – Tax credit for Québec film productions | |
| CO-1029.8.36.5 – Tax credit for a design activity carried out by an outside consultant | |
| CO-1029.8.36.7 – Tax credit for an in-house design activity | |
| CO-1029.8.36.DA – Tax credit fo the development of an e-business | |
| CO-1029.8.36.DC – Election respecting the tax credit for the development of an e-business | |
| CO-1029.8.36.EM – Tax credit relating to resources | |
| CO-1029.8.36.FO – Employee training tax credit for small and medium-sized businesses | |
| CO-1029.8.36.ID – Cumulative limit allocation agreement for the tax credit for investment | |
| CO-1029.8.36.IN – Investment tax credit | |
| RD-222 – Deduction respecting scientific research and experimental development expenditures | |
| RD-1029.7 – Tax credit for salaries and wages | |
| RD-1029.7.8 (RD) – Agreement between associated corporations regarding the expenditure limit (for RD10297) | |
| RD-1029.7.8 (University) – Agreement between associated corporations regarding the expenditure limit (for RD102986) | |
| RD-1029.8.6 – Tax credit for university research or research carried out by a public research centre or a research consortium | |
| TP-997.1 – Information return for tax-exempt entities | |
| TP-1086.R.23.12 – Cost incurred for work on an immovable | |
| CO17Deductions – Details of various deductions | |
| CO17NonRefundable – Details of various non-refundable credits | |
| CO17OnlineWS – CO-17 online filing worksheet | |
| CO17Refundable – Details of various refundable credits | |
| CO17SpecialTax – Detail of special taxes payable or amounts written off | |
| QC1Meal – QC1 Meal | |
| COR-17.U – Income tax return data | |
| COR-17.W – Keying summary | |
| COR-17.X – Keying summary | |
| COR-17.Y – Keying summary | |
| COR-17.Z – Keying summary | |
| IN417 – Information for users of software for generating corporation income tax forms | |
| ALBERTA AT1 FORMS and WORKSHEETS | |
|---|---|
| AT1 – Alberta corporate income tax return | |
| AT1Exempt – Alberta filing exemption | |
| AT1RSI – Return schedule and information | |
| AlbertaInstalments – Alberta instalments worksheet | |
| AT1NetFileDeclaration – AT1 Net File declaration | |
| AT1NetFileWS – AT1 Net File worksheet | |
| AS1 – Alberta small business deduction | |
| AS2 – Alberta income allocation factor | |
| AS3 – Alberta other tax deductions and credits | |
| AS4 – Alberta foreign investment income tax credit | |
| AS8 – Alberta political contributions tax credit | |
| AS9 – Alberta SR&ED tax credit | |
| AS9Project – Listing of SR&ED projects claimed in Alberta | |
| AS9Step – AS9 SR&ED two-step calculation | |
| AS9Supplemental – Alberta SR&ED tax credit supplemental | |
| AS10 – Alberta loss carryback application | |
| AS10LossCB – Alberta loss carryback worksheet | |
| AS12 – Alberta income/loss reconciliation | |
| AS13 – Capital cost allowance (CCA) | |
| AS15 – Alberta resource related deductions | |
| AS16 – Alberta scientific research expenditures | |
| AS17 – Alberta reserves | |
| AS18 – Alberta dispositions of capital property | |
| AS20 – Alberta charitable donations and gifts deduction | |
| AS20WS – Alberta donations worksheet | |
| AS21 – Alberta calculation of current year loss and continuity of losses | |
| AS21WS – Alberta loss continuity worksheet | |
| AS29 – Alberta Innovation Employment Grant (IEG) | |
| AS29Project – AT4970 Listing of innovation employment grant (IEG) projects claimed in Alberta | |
| AS29Step – AS29 Innovation employment grant (IEG) two-step calculation | |
| AT1S5 – Alberta royalty tax deduction | |
| AT1S6 – Alberta royalty tax credit | |
| AT1S7 – Alberta royalty tax credit/deduction supplemental information | |
| SUMMARIES | |
|---|---|
| T2Summary – T2 summary | |
| 5YearComp – 5 year comparative summary | |
| 5YearComp S1 – 5 year comparative summary for schedule 1 | |
| CO17Summary – CO-17 return | |
| CO17SPSummary – CO17-SP Summary | |
| 5YearComp CO17 – 5 Year Comparative CO17 | |
| 5YearComp CO17SP – 5 Year Comparative CO17-SP | |
| T2 Auto-fill (AFR) – T2 Auto-fill from Represent a Client | |
| Memos – Memo summary | |
| Tapes – Tape summary | |
| Workflow – Workflow summary | |
| TEMPLATES and CORRESPONDENCE | |
|---|---|
| ELetter – Engagement letter | |
| CLetter – Client letter | |
| CInvoice – Client invoice | |
| EngagementEmail – Engagement Cover Email | |
| ESignatureEmail – E-Signature Cover Email | |
| ClientCopyEmail – Client copy cover email | |
| T183Email – T183 Cover Email | |
| AuthEmailBus – Business Authorization Cover Email | |
| CO1000Email – CO-1000 Cover Email | |
| AT4930Email – AT4930 Cover email | |
| T2CIFReceipt – CIF receipt | |
| T2AuthRepBusReceipt – Client AuthRepBus receipt | |
| T2AuthRepBusCancelReceipt – Client AuthRepBusCancel receipt | |
| T2AttachADocReceipt – Attach-a-doc receipt | |
| CO17Receipt – CO-17 Online Filing receipt | |
| AT1Receipt – AT1 Net File receipt | |
| MR69Receipt – Client MR-69 receipt | |
| T106Receipt – T106 receipt | |
| T106FRRMSReceipt – T106 FRRMS Submit e-Doc receipt | |
| T1134FRRMSReceipt – T1134 FRRMS Submit e-Doc receipt | |
| T1134Receipt – T1134 receipt | |
| T1135Receipt – T1135 receipt | |
| T1135FRRMSReceipt – T1135 FRRMS Submit e-Doc receipt | |
| AGRIReceipt – AGRI receipt | |
| ALabel – Avery Mailing label (2 3/8 x 1) | |
| Notes – File notes | |
| ELECTRONIC SIGNATURES (TaxFolder and DocuSign®) | |
|---|---|
| AuthRepBus signature page | |
| AuthRepBusCancel signature page | |
| MR-69 – Authorization to communicate information or power of attorney | |
| AT4930 – Alberta consent form | |
| T183 (CORP) – Information Return for Corporations Filing Electronically | |
| CO-1000 – Online filing of the corporation income tax return by an accredited person (Québec) | |
| T106 – Information return of non-arm's length transactions with non-residents | |
| T1134 – Information return relating to controlled and not-controlled foreign affiliates | |
| T1135 – Foreign income verification statement | |
| T2054 – Election for a capital dividend under subsection 83(2) | |
| ELetter – 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.
