Issue t-slips to recipients and file the related issuer summaries with the Canada Revenue Agency (CRA) and Revenu Québec.
Prepare and electronically file unlimited federal T5 slips and summaries, as well as unlimited Québec RL-3.
TaxCycle T5 is included in the Complete Paperless Tax Suite, the Paperless Office or Tax Basics. It is also available as a stand-alone 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.
Populate our sample Excel® template with your client's slip recipient data. Then drag and drop it onto the TaxCycle window to import. You can even undo and redo!
Prepare T5 slips and publish them to SlipSync. If you're preparing a T1 return for one of the slip recipients, TaxCycle alerts you to import the T5 slip data.
Carry forward slips from prior-year ProFile® FX, Cantax® FormMaster, or Taxprep® Forms files. Or, bring in the XML file transmitted to the CRA last year.
Save time when getting ready to file. In a single click, send an email to your client requesting specific information missing from slips in the file.
Printed slips show at the bottom of each data entry page. Open a second window and watch it update as you enter data in the main TaxCycle window.
Use TaxCycle T5 to prepare the related Québec RL-3 relevés. Start by entering data on the T5 slips, then scroll down to complete and review the related Québec fields.
Set the default recipient type, city, province, footnotes, and information boxes on the Info worksheet to automatically populate all T5 slips in the file.
The Slips summary lists all the slips in the file. Use it as a review tool. Add review marks. Double-click to drill down to the source slip.
A separate module for T5s allows us to build special T5 features, and lets you set specific options just for T5 slips. Tight integration with other modules means you can create a T5 from a T2 return.
| RETURNS | |
|---|---|
| Number of returns | Unlimited |
| Federal T5 slips and summaries | |
| Québec RL-3 relevés and summaries | |
| CARRY FORWARD | |
| TaxCycle T5 | |
| ProFile® FX | |
| Cantax® FormMaster | |
| Taxprep® Forms | |
| ELECTRONIC FILING | |
| CRA Internet File Transfer (XML) for T5 (original, amended or cancelled slips) | |
| Revenu Québec RL3 (original, amended or cancelled relevés) | |
| PRACTICE TOOLS | |
| Client Manager | |
| Template Editor | |
| WORKSHEETS | |
| Info - Transmission Information | |
| Engagement - Engagement Information | |
| InternetWS - Internet Filing Results | |
| SLIPS and RELEVÉS | |
| T5 - Statement of investment income | |
| RL-3 – Investment income (Québec) | |
| SUMMARIES | |
| Slips - Slips summary | |
| T5Summary - Return of investment income | |
| RL3Summary - Summary of investment income (Québec) | |
| Tape Summary | |
| TEMPLATES | |
| MLetter - Missing slips email | |