Create a Taxprep Forms File

Corporate Taxprep allows you to create a Taxprep Forms file and copy the appropriate data from Form Identification, Corporate Identification and Other Information (Jump Code: ID), into the Identification form of the new Taxprep Forms client file.

As the preparer of an income tax return of a corporation for which you want, for example, to prepare Form T2054, Election for a Capital Dividend Under Subsection 83(2), or T4 slips, Statement of Remuneration Paid, this functionality allows you to save time by preventing you from having to re-enter data from the Identification form into a new Taxprep Forms client file.

A Taxprep Forms client file can be created when the Corporate Taxprep client file is opened in the Tax Return view or when selecting the file from the Client Manager.

  1. To create a Taxprep Forms client file from the current client file: in the File menu, click the Create Taxprep Forms File command.
    To create a Taxprep Forms client file from the Client Manager: right-click the selected client file and click Create Taxprep Forms File.
    The Create Taxprep Forms File dialog box displays.

  2. Select the location where you want to save the Taxprep Forms client file.

    • Same folder as source client file: Saves the Taxprep Forms client file to the same location as the Corporate Taxprep client file. Use this option if you want to save all of your client's files to a location.
    • Default folder for Taxprep Forms client files: Saves the Taxprep Forms client file to the default location of the Taxprep Forms client files. Use this option if you want to save all of the Taxprep Forms client files to the same location.
    • Specify a folder: Saves the Taxprep Forms client file to the specified folder. Use this option if you want to save the Taxprep Forms client file created from Corporate Taxprep to a specific folder.
  3. A Taxprep Forms client file name identical to the Corporate Taxprep client file name is suggested by default. However, you can modify the Taxprep Forms client file name if it is not appropriate.
  4. Click OK.
    If a Taxprep Forms client file with the same name already exists, you can replace, rename or save it to another folder.
    Then, Taxprep Forms opens the client file created to allow you to continue preparing the required forms or slips.