T2 Data Connection helps you optimize allocations and simplifies the compliance process through:

• Automatic data import that cuts your data entry time by importing relevant data from each of the corporate returns for multiple corporations that exist within a corporate group.
• Intelligent synchronization and diagnostics that flag any discrepancies between the information entered in the Schedule 9 workchart and in each source file.
• Allocation scenarios that allow you to easily optimize the allocation of various amounts between the various corporations in a group.

For added convenience, Corporate Taxprep even lets you:

• Import GIFI items from most accounting and working paper programs.
• Speed up review and selection of GIFI codes by giving you side-by-side views of prior and current year amounts.

Diagnostics are displayed for quick reference as you work on returns. Plus, you can:

• View a complete list of diagnostics.
• Click for comprehensive explanations.

The Specialized Information Module gives you access to:

• 26 federal and provincial forms for specialized returns
• 15 federal and provincial capital tax forms
• 3 federal and provincial forms for credit union filings
• 8 federal and provincial forms required for filing returns for the resource industry
• 1 form that allows you to include in income any tax credit amount, deduction or any other amount that is deemed to be an inducement or government assistance, and that also allows you to keep track of tax credits that should reduce the capital cost of property

Specialized Information Module Forms

How does the flexible versioning system work?

When you click on a file, this feature automatically launches the appropriate version of Corporate Taxprep for that year-end.

It’s easy to provide value-added client services with Corporate Taxprep.

• A Tax Rates Table helps you quickly calculate the impact of proposed rate changes.
• A Five-Year Summary gives you a quick overview of federal and provincial returns for the last five years.

Corporate Taxprep makes EFILING easy with:

• Smart diagnostics that flag returns that are subject to mandatory electronic filing requirements
• Comprehensive error identification tests that identify potential errors, ensuring they are corrected before you transmit
• EFILE and NETFILE status appearing as optional columns in your Client Manager view

What do you receive with InfoConnect functionality?

It gives you access to excerpts of entire documents that are 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.

Corporate Taxprep Lite can only be used to prepare returns for Canadian Controlled Private Corporations (CCPC). Plus, the software:

• Does not include the T2 Data Connection feature
• Allows only 10 returns to be printed or filed