Personal Taxprep is the most advanced professional tax preparation software available, with unique features that help you
manage your return preparation status and workflow. That’s why Canada’s top accounting firms rely on our market-leading innovations
and unmatched reliability.
Streamline your tax preparation process. Improve your accuracy. Strengthen your client relationships.
Personal Taxprep has these smart tools and features designed to fast forward your practice. It provides you with:
Advanced optimizations for better results
Personal Taxprep provides you with the most sophisticated T1 and TP1 optimizations available, such as capital loss
carry-forwards and pension income-splitting scenarios. Find out more.
Personal Taxprep arms you with all these sophisticated optimizations:
Capital loss carry-forwards
Automatic reduction of RRSP deduction – to be saved for future use if there are unused non-refundable tax credits
Non-refundable tax credits
Transfer of dividend reporting between spouses
Pension income splitting scenarios
Family data connection, which allows Personal Taxprep to simultaneously calculate returns for all
family members to ensure the best tax scenario
Deduction of certain commission-related expenses
Capital gains deductions
Deductions under subsections 20(11) and 20(12) of the Income Tax Act
Extensive edit checks and diagnostics to reduce errors
With Personal Taxprep, it’s easy to identify problems such as missing data and you can review and mark up diagnostics
after completing a return. Find out more.
Here’s how you can detect and respond to problems with Personal Taxprep:
Alerts that appear right on the relevant cell identify problems such as missing information or inconsistent data.
You can view diagnostics in the lower-pane display, making it easy to review and mark up the diagnostics after completing a return.
A Client Manager that streamlines processes
Personal Taxprep’s Client Manager helps you manage the entire tax return preparation process, and gives you easy access
to reports. Find out more.
With the Client Manager, you can:
Easily find, sort or filter returns based on any data in the return.
Use pre-defined filters that allow you to easily access common reports, giving you quick updates on return status without having to open files.
Taxprep Xpress that speeds up data entry
Not only does Taxprep Xpress speed up data entry, it also makes it easier to review for omissions and errors by
allowing side-by-side comparisons of data from current and prior years.
Automatic T1-ADJ for quick calculations
The T1-ADJ feature automatically calculates the overall impact of changes made to a return after filing. Plus,
you can quickly and easily amend tax returns that have already been filed and accepted.
Summaries that give you greater insight and perspective
Personal Taxprep has more summaries than any other T1 software, providing your preparers and reviewers with a
concise overview of returns. Find out more.
Personal Taxprep summaries include:
Comparative two- and five-year summaries
Five-year comparative summaries for each income statement
Tax scenario worksheets
Paperless review and archiving
Personal Taxprep lets you save time and improve workflow efficiency, while saving paper. Find out more.
With Personal Taxprep, you can generate any form or an entire return as a bookmarked PDF that you can share
with staff or clients. You can even eliminate the need for paper storage by saving and archiving a batch of
returns as a single PDF.
Easy switching from other programs
Personal Taxprep makes it easy to switch from other programs such as Profile® or DT Max, with automatic T1
data conversion. Find out more.
Automatic T1 data conversion takes permanent information and carry-forwards from prior year T1 returns prepared with
another program and migrates them quickly and accurately into Personal Taxprep.
A marginal tax rate form that enhances client services
With the marginal tax rate form in Personal Taxprep, you can calculate your clients’ federal, provincial and family
marginal rates for four types of income. Find out more.
When you can calculate ordinary income, eligible dividends, non-eligible dividends and capital gains,
you can provide clients with the information they need to take tax-effective investment decisions.
A convenient way to handle specialty returns
Personal Taxprep handles more specialty returns than any other T1 program to help you meet the needs of clients
with special or unique tax situations. Find out more.
Here are just some of the speciality return situations in Personal Taxprep:
Complex calculations for multiple jurisdictions, alternative minimum tax and overseas foreign tax credits
Complete returns for bankruptcy and trustee situations (including transfer of information from a pre-bankruptcy return to a post-bankruptcy return)
Returns for deceased taxpayers
Section 115, 216 and 217 returns for non-resident clients
An easy method for filing Québec TP1 returns
Personal Taxprep has many features such as optimizations and automatic updates that will help you save time when
you are filing Québec TP1 returns. Find out more.
Personal Taxprep makes it easy to file Québec TP1 returns, thanks to features such as:
Optimizations such as the transfer of tuition by a dependent, labour-sponsored fund tax credit, medical expenses and interest paid on a student loan
TP1-specific optimizations, including determining whether the dependent or the parent should claim mutually exclusive TP1 credits
Access to all relevant Québec forms
Full Québec EFILE support
Automatic update of Québec forms from federal forms, resulting in less data entry
Special toggle keys that make it easy to move back and forth between federal and provincial returns
Flexible printing options that let you print provincial and federal returns separately, with the ability to print in English and French
TaxprepConnect connects Personal Taxprep and the CRA
TaxprepConnect forms a bridge between Personal Taxprep and the CRA’s Auto-fill T1 Return (AFR) service. Find out more.
The TaxprepConnect Download form is an intuitive side-by-side comparison form that allows you to quickly discover
differences in the carry-forward balances relating to the Home Buyer’s Plan, RRSPs, losses, capital gains exemptions,
information slips and much more. A single click allows you to remove discrepancies and ensure that the tax return matches
the CRA records. And if you prepare TP1 returns, TaxprepConnect also allows you to use RQ’s Tax Data Download
Quick access to premier content and award-winning tools
Personal Taxprep provides links to Preparing Your Income Tax Returns guide (both online and DVD versions are
sold separately) as well as other tax research tools. And Personal Taxprep has InfoConnect functionality. Find out more.
What do you receive with InfoConnect functionality?
It gives you access to automatically preview relevant content from Wolters Kluwer tax research resources that is
available on the new IntelliConnect research platform.
What is IntelliConnect*?
It’s the industry’s leading research platform. It serves as a gateway to Wolters Kluwer’s premier content,
award-winning tools and innovative integration – with new enhancements coming soon.
*Requires a comprehensive Wolters Kluwer Tax Research subscription for full functionality.
Integration with other innovative Wolters Kluwer software
You can do even more with Personal Taxprep when you integrate with other Wolters Kluwer tax research and software. Find out more.
You can eliminate hours of data entry by importing data directly into T1 returns with CCH Scan AutoFlow
and TaxprepConnect (CRA’s Represent a Client service).
Industry-leading support, service and training
With Personal Taxprep you get Wolters Kluwer’s best-in-class tax and technical support and service. You also
have access to industry-leading training delivered by phone, webinars, in-class sessions and conferences.
Access to Taxprep’s professional printing services
As a Personal Taxprep user, you have direct online access to the Taxprep Print Service. Find out more.
To access the Taxprep Print Service, simply click on the Taxprep Print Service option in Personal Taxprep.
Wolters Kluwer will then print, sort and collate up to three copies of your returns and deliver them to you in
professional jackets within 24 to 48 hours. Taxprep Print Service customers get priority support and free use of
EFILE On-Demand (if applicable). Find out more.