All the great features you're used to in other TaxCycle tax modules, paired with trust-specific worksheets and calculations.
Prepare and electronically file unlimited federal T3 return and slips and NR4 slips for non-resident trust beneficiaries (code 11) with the Canada Revenue Agency (CRA). Also includes Québec TP-646 returns and RL-16 relevés.
TaxCycle T3 is included in the Complete Paperless Tax Suite and is also available as a standalone module.
Enter beneficiaries on T3 slips, the Beneficiary worksheet, or the Allocation worksheet. Then, distribute income on the S9 worksheet.
Effortlessly transfer taxpayer data from a TaxCycle T1/TP1 personal tax return into a TaxCycle T3/TP-646 trust return in a single click.
Electronically file T3 slips, NR4 slips, and the T3RET tax return (when eligible) through the CRA Internet File Transfer (XML) portal.
Prepare and file Québec TP-646 trust returns and the related RL-16 relevés for beneficiaries alongside your T3 return. For no extra cost.
Prepare (code 11) NR4 slips for non-resident trust beneficiaries right in TaxCycle T3/TP-646, without jumping to a separate slips module.
Bring forward existing trust return files from Intuit® ProFile® , Cantax® and Taxprep® . Save time when converting to TaxCycle.
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.
| RETURNS | |
|---|---|
| Number of returns | Unlimited |
| Number of slips | Unlimited |
| Federal T3 returns | 2014 onward |
| Québec TP-646 returns | 2017 onward |
| CARRYFORWARDS | |
| TaxCycle T3 | |
| ProFile® T3 | |
| Cantax® FormMaster | |
| Taxprep® T3 | |
| ELECTRONIC FILING | |
| CRA Internet File Transfer (XML) for T3 slips, T3RET, T3P and T2000 | |
| Number of slips and returns | Unlimited |
| PRACTICE TOOLS | |
| Client Manager | |
| Template Editor | |
| WORKSHEETS | |
| Info - Trust Information | |
| Engagement - Engagement Information | |
| Allocation - Beneficiary Allocation | |
| Beneficiary - Beneficiary Information | |
| ABIL - Allowable Business Investment Losses | |
| S1M - Capital property disposition manager | |
| Charitable donations worksheet | |
| FTC - Foreign Tax Credits | |
| IncomeDeduction - Details of various income and deduction amounts | |
| Instalments worksheet | |
| Internet file worksheet | |
| NetCapLoss - Net Capital Losses | |
| NonCapLoss - Non-Capital Losses | |
| S9Allocation - Beneficiary information | |
| Loss carryback worksheet | |
| BENEFICIARY SLIPS & SUMMARIES | |
| NR4Summary | |
| T3Ben - T3 Allocations and Designations to a Beneficiary | |
| T3Summary - Summary of Trust Income Allocations and Designations | |
| SLIPS | |
| T3 - Statement of Trust Income | |
| T5 - Statement of Investment Income | |
| T5008 - Statement of Securities Transactions | |
| T5013 - Statement of Partnership Income | |
| T101 - Statement of Resource Expenses | |
| Foreign Income | |
| FEDERAL/PROVINCIAL SCHEDULES AND FORMS | |
| T3RET - T3 General | |
| T3P - Employees' Pension Plan Income Tax Return | |
| T3FFT - Federal Foreign Tax Credits | |
| T3PFT - Provincial Foreign Tax Credits | |
| T3MJ - T3 Provincial and Territorial taxes – Multiple Jurisdictions | |
| T2000 - Calculation of Tax on Agreements to Acquire Shares (section 207.1(5) of the Income Tax Act) | |
| T244 - Registered Pension Plan Annual Information Return | |
| S1A - Capital Gains on Gifts of Certain Capital Property | |
| S1 - Dispositions of Capital Property | |
| S2 - Reserves on Dispositions of Capital Property | |
| S3 - Eligible Taxable Capital Gains | |
| S4 - Cumulative Net Investment Loss | |
| S5 - Spousal or Common-Law Partner Trust's Capital Gain Deduction in Year of Beneficiary's Death | |
| S6 - Trusts' Agreement to Allocate the Basic Exemption from Minimum Tax | |
| S7 - Pension Income Allocations and Designations | |
| S8 - Statement of Investment Income | |
| S9 - Income Allocations and Designations to Beneficiaries | |
| S10 - Part XII.2 Tax and Part XIII Non-Resident Withholding Tax | |
| S11 - Federal Tax | |
| S12 - Minimum Tax | |
| T1055 - Summary of Deemed Dispositions | |
| T2233 - Election to Defer Payment of Income Tax | |
| INCOME STATEMENTS | |
| T1163/T1273 - AgriStability Statement A, plus related CCA/asset, CEC, farming inventory adjustment and T1139 | |
| T1164/T1274 - AgriStability Statement B | |
| T776 - Real Estate Rentals, plus related CCA/asset worksheets | |
| T2042 - Farming Activities, plus related CCA/asset, CEC, farming inventory adjustment and T1139 | |
| T2121 - Fishing Activities, plus related CCA/asset, CEC, and T1139 | |
| T2125 - Business or Professional Activities, plus related CCA/asset, CEC, and T1139 | |
| FILING & AUTHORIZATION | |
| T3A - Request for Loss Carryback by a Trust | |
| T3ADJ - T3 Adjustment Request | |
| T1013 - Authorizing or Cancelling a Representative | |
| T1079 and T1079WS - Designation of a Property as a Principal Residence by a Personal Trust | |
| T1135 - Foreign Income Verification Statement | |
| T1141 - Information return in respect of transfers or loans to a non-resident trust | |
| T1142 - Information return in respect of distributions from and Indebtedness to a Non-Resident Trust | |
| TX19 - Asking for a Clearance Certificate | |
| RC59 - Business Consent Form | |
| QUÉBEC TP-646 SCHEDULES AND FORMS | |
| TP-646 jacket | |
| Schedule A (TPA) - TaxCycle Capital Gains and Designated Net Taxable Capital Gains | |
| Schedule B (TPB) - Investment Income, Gross-Up of Dividends Not Designated and Adjustment of Investment Expenses | |
| Schedule C (TPC) - Summary of Allocations and Designations | |
| Schedule D (TPD) - Carry-Back of a Loss | |
| Schedule E (TPE) - Income Tax on the Taxable Distributions Amount and Calculation of Eligible Dividends to Be Designated | |
| Schedule F (TPF) - Income Tax Payable by a Specified Trust for a Specified Immovable | |
| Schedule G (TPG) - Additional Information - Trust Resident in Québec That Owns a Specified Immovable | |
| Schedule H (TPH) - Recovery tax | |
| TPF-646.W Keying Summary for the Trust Income Tax Return | |
| TPF-646.X Keying Summary for Schedules A, F, G and H of the Trust Income Tax Return | |
| TPF-646.Y Keying Summary for Forms TP-80-V and TP-128.F-V Filed with the Trust Income Tax Return | |
| TPF-646.Z Keying Summary for Forms Filed with the Trust Income Tax Return | |
| TP-128.F - Rental | |
| TP-653 - Deemed Sale Applicable to Certain Trusts | |
| TP-668.1 - Taxable Capital Gains of a Trust That Give Entitlement to a Deduction | |
| TP-729 - Carry-Forward of Net Capital Losses | |
| TP-750 - Income tax payable by a trust resident in Québec that carries on a business in Canada or outside Québec | |
| TP-77642 - Alternative Minimum Tax | |
| RL-16 - Revenus de fiducie | |
| TPIncomeDeductions – Details of various income and deduction amounts | |
| TPABIL worksheet - Québec Allowable Business Investment Losses | |
| SUMMARIES | |
| 2-Year Client Summary | |
| 2-Year Variance Summary | |
| 5-Year Summary | |
| Foreign Tax Summary | |
| Summary of business, farming, fishing and rental income | |
| Income Statement Summary | |
| T3 Summary for Trust | |
| Slips Summary | |
| Tape Summary | |
| TEMPLATES AND CLIENT CORRESPONDENCE | |
| Client correspondence and templates | |
| Client letter | |
