Release 2019.1.1

Module Content
Introduction Download the latest release of the ProFile suite, version 2019.1.1.

Highlights include:

  • EFILE performance improvements

Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 ending in January 2020

On January 14, 2020, Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 will end.  ProFile users must update their operating system to a supported version.

For more details, please visit our support article.

About ProFile

To update ProFile, select the Check for Updates option from the Online drop-down menu in the top toolbar.

For a list of issues fixed in the current and recent releases, see “What was fixed in recent ProFile releases”.

For question, please call ProFile support at 1-800-452-9970 or visit www.profile.intuit.ca

Release 2019.1.0

Module Content
Introduction Download the latest release of the ProFile suite, version 2019.1.0.

T1/TP1 highlights include:

  • carry forward information from 2018 TurboTax T1 returns
  • DTMax to ProFile carryforward preview and support

T2 highlights include:

  • DTMax to ProFile carryforward preview (T1 and T2 module)
  • Paper and Internet Filing certified for Federal and Alberta corporate returns
  • new Attach a Doc feature for corporations that electronically file their T2 return can also electronically attach certain supporting documentation

Systems highlights include:

  • new Backup to Cloud feature securely protects your returns online
  • this feature is replacing ProFile Review

Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 ending in January 2020

On January 14, 2020, Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 will end.  ProFile users must update their operating system to a supported version.

For more details, please visit our support article.

About ProFile

To update ProFile, select the Check for Updates option from the Online drop-down menu in the top toolbar.

For a list of issues fixed in the current and recent releases, see “What was fixed in recent ProFile releases”.

For question, please call ProFile support at 1-800-452-9970 or visit www.profile.intuit.ca

T1/TP1 Carry forward
  • this version of the ProFile T1 module carry forward information from 2018 TurboTax T1 returns to create new 2019 ProFile returns (for preview purposes only)
  • DTMax to ProFile carryforward preview (T1 and T2 module); support for DTMax version 2018.22.30

New! Backup to Cloud

  • new Backup to Cloud feature allows online backup of files online. Click here to learn more.
T2 New 2017-2020 module now available

Carry forward your form selection following this support article.

New! Backup to Cloud

  • new Backup to Cloud feature allows online backup of files online. Click here to learn more.

T2 certifications

T2 is certified for Federal and Alberta corporate tax returns and allows the preparation of returns for corporations with a fiscal year ending on or before May 31, 2020.

Federal

T2 is certified for attachment transmissions to the CRA starting in 2019 module.

Key components of the Attach a Doc service:

A T2 return must be electronically filed in order for the attachments to be sent. CRA will accept attachments within 24 hours of electronic filing of the T2 return.

The file transmission limit is 150MB. Multiple attachments can be uploaded at the same time, as long as the total file size is not more than 150MB.

The service will be available for initial returns and amended returns. For amended returns, send the entire T2 return, but only re-send attachments if the attachment information has changed.

 

Acceptable file types are:

 

  • .pdf
  • .doc
  • .docx
  • .xls
  • .xlsx
  • .rtf
  • .txt
  • .jpg
  • .jpeg
  • .tiff
  • .tif
  • .xps

There are two methods to start attaching documents: from the right-click menu in a T2 return or from the ProFile top toolbar.

Method 1

  1. From the right-click menu, open the T2 return.
  2. Right-click on the return or in a field.
  3. Select the “Attach a Doc” option from the menu.

Method 2

Select the “Attach a Doc…” option from the “EFILE” menu in the top toolbar.

Attachable documents for insurance corporations

  • T2SCH150 – Net Income (Loss) for Income Tax Purposes for Life Insurance Corporations
  • Financial Statements
  • Notes to Financial Statements
  • Annual Regulatory Reports
  • Annual Regulatory Supplements
  • ORSA- Own Risk Solvency Assessment Report
  • List of Partnership account numbers
  • Gross Investment Revenue – Life and P&C Non-Resident (Canadian Branch) CIF
  • List of Designated Assets
  • List – realized, unrealized gains
  • Explanatory Notes
  • T2100 – Joint election in Respect of an Insurance Business Transferred by a Non-Resident Insurer
  • T2016 – Part XIII Tax on Income from Canada of Approved Non-Resident Insurers
  • T2142 – Part XII.3 Tax on Investment Income of Life Insurers
  • Other Elections
  • Resolutions and Agreements
  • Information slips

Attachable documents for non-insurance corporation

  • List of Partnership account numbers
  • Elections
  • Resolutions and Agreements
  • Information slips

Attachable documents that are dependent on schedules filed with the T2 Return

  • T2SCH5/lines 521 & 821 – Certificate number for NL film video industry tax credit
  • T2SCH302 – Additional certificate numbers for NL film video industry tax credit
  • T2SCH308 – NL venture capital tax credit
  • T2SCH5/lines 522 & 840 – Certificate number for NL interactive digital media tax credit
  • T2SCH309 – Additional certificate numbers for NL interactive digital media tax credit
  • T2SCH5/lines 565 & 836 – Certificate number for NS film industry tax credit
  • T2SCH345 – Additional certificate numbers for NS film industry tax credit
  • T2SCH5/lines 567 & 838 – Certificate number for NS digital media tax credit
  • T2SCH347 – Additional certificate numbers for NS digital media tax credit
  • T2SCH5/lines 569 & 839 – Certificate number for NS digital animation tax credit
  • T2SCH348 – Additional certificate numbers for NS digital animation tax credit
  • T2SCH5/line 568 – NS capital investment tax credit
  • T2SCH5/lines 595 & 850 – Certificate number for NB film tax credit
  • T2SCH365 – Additional certificate numbers for NB film tax credit
  • T2SCH367 – NB small business investor tax credit
  • T2SCH5/line 614 – MB interactive digital media tax credit
  • T2SCH390/line 103 or 104 – MB cooperative development tax credit
  • T2SCH5/line 641 – SK qualifying environmental trust tax credit
  • T1196 – BC film and television tax credit
  • T1196/line 311 - BC film and television tax credit
  • T1197 – BC production services tax credit
  • T2SCH5/line 670 – BC qualifying environmental trust tax credit
  • T2SCH554 – Ontario computer animation and special effects tax credit
  • T2SCH556 – Ontario film and television tax credit
  • T2SCH558 – Ontario production services tax credit
  • T2SCH560 – Ontario interactive digital media tax credit
  • T2SCH562 – Ontario sound recording tax credit
  • T2SCH564 – Ontario book publishing tax credit
  • T2SCH5/line 450 – Ontario qualifying environmental trust tax credit
  • T1177 – Film or video production services tax credit
  • T1131 – Canadian film or video production tax credit
  • T2SCH5/line 328 & 889 – Manitoba Child Care Centre Development tax credit
  • T2SCH5/line 556 & 834 – Nova Scotia Corporate Tax Reduction For New Small Businesses

Review our Attach a Doc support article for full information.

T2 Corporation Income Tax Return

There are two added situations for the tax year start time fields (hour and minute fields for line 060) to apply:

  • first return filed after an acquisition of control (line 063 = Yes in the immediately preceding tax year) and the tax year start time is different from the defaulted standard time 00:00
  • first return filed after a deemed tax year end (line 066 = Yes in the immediately preceding tax year) and the tax year start time is different from the defaulted standard time 00:00

Schedule 5 - Tax Calculation Supplementary - Corporation

  • add option "404.1 Federal credit unions" to line 100 drop down
  • Nova Scotia Innovation equity tax credit (line 562) is added
  • Nova Scotia Venture Capital Tax Credit (line 563) is added
  • Yukon business carbon price rebate ( line 699) is added

Schedule 12 - Resource-Related Deductions

Part 5 has additional lines for accelerated Canadian development expense (ACDE), a Canadian development expense incurred by the taxpayer after November 20, 2018, and before 2028.

Part 6 has additional lines for accelerated Canadian oil and gas property expense (ACOGPE), a Canadian oil and gas property expense incurred by the taxpayer after November 20, 2018, and before 2028.

Schedule 17 - Credit Union Deductions

The form has been updated for several changes for Manitoba.

Previously, Manitoba calculations were in both Parts 3 and 4. The updated form has Manitoba in Part 4 only.

Part 4 has been updated to add new lines, reflecting Manitoba Income Tax Act changes for credit unions. This includes the phasing out of the additional deduction for credit unions over a five-year period beginning in 2019. Additionally, obsolete Line 627 has been removed.

Schedule 49 - Agreement Among Associated Canadian-Controlled Private Corporations to Allocate the Expenditure Limit

The form is re-designed for the expenditure limit section, which provides separate calculations for

  • Tax years ending before March 19, 2019
  • Tax years ending after March 18, 2019

Schedule 71 , 72 and 73  - Income Inclusion for Corporations that are Members of Single-Tier Partnerships , Income Inclusion for Corporations that are Members of Multi-Tier Partnerships, Income Inclusion Summary for Corporations that are Members of Partnerships

Sections related to qualifying transitional income (QTI) are obsolete. the following sections are removed:

  • the questions and checkboxes related to a partnership electing to change fiscal year end
  • Eligible alignment income section
  • Qualifying transitional income (QTI)
  • Adjusted amount of qualifying transitional income
  • Transitional reserve

Provincial

Alberta

AT1 - Alberta Corporate Income Tax Return

The form has been updated for corporate tax rate reductions. The new rates are:

  • after June 30, 2019 and before January 1, 2020: 11%; and
  • after December 31, 2019: 10%

AT1 Schedule 1 - Alberta Small Business Deduction

The form has been updated for small business deduction (SBD) reductions, because of the corporate tax rate reductions. The new SBD rate reductions are:

  • after June 30, 2019 and before January 1, 2020: 9%; and
  • after December 31, 2019: 8%

The small business tax rate of 2% remains unchanged.

A new section was added in Area B, “Passive Income Limit Reduction”. Alberta parallels the Federal changes for CCPCs earning passive investment income.

The “Agreement Among Associated Corporations” chart (end of the previous version) is obsolete and has been removed.

AT1 Schedule 18 - Alberta Dispositions of Capital Property

The form has been updated to add the following new lines flowing from the Federal return:

  • gains on donations to qualified donees (flowing from Federal Schedule 6); and
  • taxable capital gains and allowable capital losses for corporations that are members of partnerships (flowing from Federal Schedule 73)

Manitoba

Schedule 383 - Manitoba Corporation Tax Calculation

The form has been updated to move the Manitoba additional deduction for credit unions. The section has been moved from Part 1 to Part 3.

Schedule 384 - Manitoba Paid Work Experience Tax Credit

The form has been updated to reflect the reduction in the available carryforward years for unused non-refundable credit. In Part 10, the line for 9th previous tax year has been removed.

New Brunswick

Schedule 366 (S5NB) - New Brunswick Corporation Tax Calculation

The form has been updated to reflect changes to small business deduction (SBD), which parallels the Federal amount for tax years beginning after 2018.

Nova Scotia

Schedule 346 (S5NS) - Nova Scotia Corporation Tax Calculation

The form has been updated to reflect the tax years supported in the 2019 module.

  • Part 1 and Part 3: removed sections that reference the period before January 1, 2017
  • “Calculation of income from active business when there is partnership income” (Part 2 of the previous version) is no longer required and has been removed, since the Nova Scotia business limit no longer differs from the Federal business limit

Nunavut

Schedule 481 (S5NU) - Nunavut Corporation Tax Calculation

The form has been updated to reflect the decrease in the lower rate from 4% to 3%, effective July 1, 2019.

Ontario

Schedule 500 - Ontario Corporation Tax Calculation

The form has been updated to reflect changes to Ontario’s small business deduction (SBD), which no longer parallels the Federal amount for tax years beginning after 2018. There is no phase out of the Ontario SBD for Canadian-controlled private corporations (CCPCs) earning between $50,000 and $150,000 of passive investment income in a taxation year.

Schedule 504 - Ontario Resource Tax Credit and Ontario Additional Tax re Crown Royalties

The form is updated to removing the obsolete section of calculating the Ontario resource tax credit and the Ontario additional tax re: Crown royalties.

Schedule 560 - Ontario Interactive Digital Media Tax Credit

The form has been updated for specialized digital game corporations (Part 7). Effective for taxation years beginning after April 11, 2019, the minimum Ontario labour expenditures for eligible digital games in the tax year decreased from $1 million to $500,000.

Prince Edward Island

Schedule 322 (S5PE) - Prince Edward Island Corporation Tax Calculation

The form has been updated to reflect the decrease in the lower rate from 3.5% to 3%, effective January 1, 2020.

Quebec

CO-130.A (QS8) - Capital Cost Allowance

The data entry form, S8Class, has been updated to add a new question:

“Are the current-year AIIP acquisitions qualified intellectual property? (Quebec class 14/14.1/44)”

Answering “Yes” to this question calculates the Québec capital cost allowance amounts according to the new qualified intellectual property (“QIP”) rules. Refer to Revenu Québec’s Guide “IN-191-V” (published December 3, 2018) for the definition of QIP.

Schedule 404 - Saskatchewan Manufacturing and Processing Profits Tax Reduction

The form has been updated to add a new section (Part 1), ‘Period after December 31, 2019’. The new section reflects a corresponding amount from Schedule 411.

Schedule 411 - Saskatchewan Corporation Tax Calculation

The form has been updated to add a new section (Part 1), ‘Period after December 31, 2019’ reflecting the elimination of additional deduction for credit unions.

Additional minor form updates

  • S55
  • S73
  • S422 (T1196)
  • S427 (S5BC)
Systems  

 

New! Backup to Cloud

New Backup to Cloud feature allows online backup of files online, replacing the ProFile Review option. Click here to learn more.

Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 ending in January 2020

On January 14, 2020, Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 will end.  ProFile users must update their operating system to a supported version.

For more details, please visit our support article.

Coming Soon!
  •  2019 T3 module coming soon…

Release 2019.0.8

Module Content
Introduction Download the latest release of the ProFile suite, version 2019.0.8.

 

T1 highlights include:

  • 2019 form revisions

Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 ending in January 2020

On January 14, 2020, Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 will end.  ProFile users must update their operating system to a supported version.

For more details, please visit our support article.

About ProFile

To update ProFile, select the Check for Updates option from the Online drop-down menu in the top toolbar.

For a list of issues fixed in the current and recent releases, see “What was fixed in recent ProFile releases”.

For question, please call ProFile support at 1-800-452-9970 or visit www.profile.intuit.ca

 Release 2019.0.7

Module Content
Introduction Download the latest release of the ProFile suite, version 2019.0.7.

 

Highlights include:

  • T1 print performance improvements
  • T1 bug fixes; see what’s fixed with 2019.0.7 here

Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 ending in January 2020

On January 14, 2020, Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 will end.  ProFile users must update their operating system to a supported version.

For more details, please visit our support article.

About ProFile

To update ProFile, select the Check for Updates option from the Online drop-down menu in the top toolbar.

For a list of issues fixed in the current and recent releases, see “What was fixed in recent ProFile releases”.

For question, please call ProFile support at 1-800-452-9970 or visit www.profile.intuit.ca

  Release 2019.0.2

Module Content
Introduction Download the latest release of the ProFile suite, version 2019.0.2.

 

Highlights include:

  • various product improvements

Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 ending in January 2020

On January 14, 2020, Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 will end.  ProFile users must update their operating system to a supported version.

For more details, please visit our support article.

About ProFile

To update ProFile, select the Check for Updates option from the Online drop-down menu in the top toolbar.

For a list of issues fixed in the current and recent releases, see “What was fixed in recent ProFile releases”.

For question, please call ProFile support at 1-800-452-9970 or visit www.profile.intuit.ca

Release 2019.0.0

Module Content
Introduction Download the latest release of the ProFile suite, version 2019.0.0.

 

Highlights include:

  • updated print technologies to implement T1 CRA forms

T1/TP1 highlights include:

  • first release of the ProFile T1/TP1 for the 2019 taxation year
  • 2018-2019 ProFile to ProFile carry forward preview
  • 2018-2019 TaxPrep to ProFile carry forward preview
  • 2018-2019 Cantax to ProFile carry forward preview

T2 highlights include:

  • updated forms
  • ProFile T2 now carries forward information from 2019 files created with TaxPrep T2 (version 2019 v1.0) and Cantax T2 (version 2019.1.307.100)

FX/Q highlights include:

  • updated forms
  • ProFile 2019 FX carries forward information from 2018 files created with ProFile 2018 FX, Taxprep Forms 2018 v1, v2, v3, v4, and Cantax FormMaster 2018 v1, v2, v3, v4

Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 ending in January 2020

On January 14, 2020, Microsoft support for Windows 7, Windows Server 2008 and 2008 R2 will end.  ProFile users must update their operating system to a supported version.

For more details, please visit: https://profile-en.community.intuit.ca/articles/1879225-microsoft-support-for-windows-7-windows-server-2008-and-windows-server-2008-r2-ends-in-january-2020

About ProFile

To update ProFile, select the Check for Updates option from the Online drop-down menu in the top toolbar.

For a list of issues fixed in the current and recent releases, see “What was fixed in recent ProFile releases”.

For question, please call ProFile support at 1-800-452-9970 or visit www.profile.intuit.ca

T1/TP1 This is the first release of the T1/TP1 module for the 2019 taxation year.

Forms for the 2019 taxation year are not released by CRA at this time. In-product forms include a “DRAFT” watermark indicating that the form is not approved for use.

Note: ProFile recommends that discounters in provinces that provide refundable tax credits do not use this release to begin entering data for their clients.

 2018-2019 ProFile to ProFile carry forward preview

 This early version of the ProFile T1 module carries forward information from 2018 ProFile returns to create new 2019 ProFile returns. For preview purposes only.

To carry forward a single 2018 tax return, right-click on the file and select “Carry forward” from the menu options.

2018-2019 TaxPrep to ProFile carry forward preview

 This version of the ProFile T1 module carries forward information from 2018 TaxPrep T1 returns to create new 2019 ProFile returns. For preview purposes only.

To carryforward a TaxPrep T1 file, click “File” -> “Carryforward” and select “Files of type” as “2018 TaxPrep T1 (*.118)” or drag-and-drop a “TaxPrep (*.118)” file into a ProFile T1 file.

Supported TaxPrep versions include 2018.v1.0, 2018.v2.0, 2018.v3.0, 2018.v4.0, and 2018.v5.0.

 2018-2019 Cantax to ProFile carry forward preview

 This version of the ProFile T1 and T3 module carries forward information from 2018 Cantax T1 returns to create new 2019 ProFile returns. For preview purposes only.

To carryforward a Cantax T1 file, click “File” -> “Carryforward” and select “Files of type” as “2018 Cantax T1 (*.P18)” or drag-and-drop a “Cantax (*.P18)” file into a ProFile T1 file.

Supported Cantax versions include 18.1.303.100, 18.2.303.113, 18.4.303.120, and 18.5.303.126

T2 Provincial

Schedule 381 – Manitoba Manufacturing Investment Tax Credit

For qualifying property acquired after June 30, 2019, the applicable rate for the Manitoba Investment Tax Credit is 8% and the maximum refundable part is seven-eighths of the earned credits.

Additional minor form updates

  • S387
  • S388
  • AGRI

Obsolete form removed

  • RC366
FX/Q New 2019 FX Module

The new 2019 FX module is now available.

Note that the Quebec slip filing in 2019 FX is disabled. Those wishing to file 2019 slips now should use the previous module and manually override the year to “2019”. Slip filing in the 2019 module will be enabled in a future release once the 2019 slips have been updated.

Federal

RC1 – Request for a Business Number and Certain Program Accounts

A new part (Part G) is added for requesting a charity program account (RR).

Quebec

TP-1015.3 – Source Deductions Return

The thresholds for the “amount for career extension” calculation are updated in Work Chart 3.

Additional minor form updates

  • GST70
  • GST74
  • RC4288
  • RC66
  • RC66S (RC66SCH)

Obsolete form removed

  • RC366
Coming Soon! 2018-2019 DTMax to ProFile carryforward (T1)
2018-2019 TurboTax to ProFile carryforward (T1)
2018-2019 ProFile to ProFile carryforward (T3)
2018-2019 TaxPrep Forms to ProFile carryforward (T3)

Release 2018.5.0

Module Content
Introduction Download the latest release of the ProFile suite, version 2018.5.0.

 

Highlights include:

  • T2 paper and Internet filing is certified for Federal corporate tax returns
  • AT1 paper and Internet filing is certified for Alberta corporate tax returns
  • ProFile T2 now carries forward information from 2018 files created with TaxPrep T2 (2018 v2.0, 2018 v2.1, 2019 v1.0) and Cantax T2 (versions 18.1.307.100, 18.2.307.126, 18.2.307.131).

About ProFile

To update ProFile, select the Check for Updates option from the Online drop-down menu in the top toolbar.

For a list of issues fixed in the current and recent releases, see “What was fixed in recent ProFile releases”.

For question, please call ProFile support at 1-800-452-9970 or visit www.profile.intuit.ca

T2 ProFile T2 and AT1 certifications

 

The 2018.5.0 release of T2 module is certified for Federal and Alberta corporate tax returns and allows for the preparation of returns for corporations with fiscal year ends on or before October 31, 2019.

Federal

T2 - Corporation Income Tax Return

The “passive income business limit reduction” and “reduced business limit” calculations are updated in the “Small business deduction” section.

The “refundable dividend tax on hand (for tax years starting after 2018)” section is also updated.

Schedule 5 - Tax Calculations Supplementary - Corporations

Ontario additional tax re: Crown royalties (Line 274) is obsolete and removed from Schedule 5. Manitoba childcare centre development tax credit (Line 328) and the certificate number (Line 889) are now transmitted to CRA.

Schedule 7 - Aggregate Investment Income and Income Eligible for the Small Business Deduction

A new section “Adjusted aggregate investment income” (Adjusted AII) is added to Schedule 7. The Adjusted AII is used in determining the business limit for Canadian-Controlled Private Corporations (CCPCs) for taxation years starting after 2018.

Schedule 8 - Capital Cost Allowance

This form is updated to reflect Accelerated Investment Incentive measure for accelerated investment incentive property (AIIP):

  • Line 225 has been added to distinguish the cost of acquisitions that are AIIP
  • Line 221 has been added to include all amounts of assistance received or receivable after the disposition of depreciable property that would have decreased the capital cost of the property
  • Line 222 has been added to include all amounts repaid during the year with respect to any legally required repayment, made after the disposition of a property
  • Column 10, 11 and 12 have been added to reflect the net capital cost additions and UCC adjustment for AIIP
  • Line 224 has been added to reflect the UCC adjustment for non-AIIP acquired during the year (formerly known as the 50% rule) does not apply to certain property (including AIIP)

Two asset codes relating to additional information for Class 43.1 and 43.2 have been decommissioned at Line 301:

  • 23 = Geothermal energy equipment - acquired after March 21, 2017
  • 24 = Thermal energy source – acquired after March 21, 2017New CCA classes 54 and 55 are now included in the schedule for zero-emission vehicles following the 2019 federal budget.

Schedule 17 - Credit Union Deductions

For taxation years ending after 2018, credit unions with permanent establishment in Manitoba use provincial rates in calculating the preferred-rate amount. Credit unions with permanent establishment in Manitoba before 2019, Ontario, or British Columbia continue to use federal rates in calculating the preferred-rate amount.

Schedule 31 - Investment Tax Credit - Corporations

For taxation years ending on March 19, 2019 or later, the taxable income from the preceding year is not used in determining the expenditure limit for the SR&ED tax credit following the 2019 federal budget. The taxable capital in determining the expenditure limit is not changed.

Schedule 366 (S5NB) - New Brunswick Corporation Tax Calculation

New Brunswick will not parallel federal changes to reduce the small business limit for Canadian-Controlled Private Corporations (CCPCs) based on their passive investment income following the 2019 New Brunswick budget. The schedule is updated to reflect the budget change.

Alberta

AT1 - Alberta Corporate Income Tax Return

Alberta Royalty Tax Credit (Line 083) and Alberta Royalty Tax Credit Instalments claim/processed (Line 084) are now removed from AT1.

Quebec

CO-1029.8.36.TI - Tax Credit Relating to Information Technology Integration

The schedule is added in ProFile for the tax credit available to qualified corporations incurring eligible expenses in relation to an eligible information technology integration contract.

Additional minor form updates

  • AS3
  • S1
  • S2
  • S3
  • S20
  • S27
  • S53
  • S307 (S5NL)
  • S322 (S5PE)
  • S341
  • S346 (S5NS)
  • S383 (S5MB)
  • S404
  • S411
  • S427 (S5BC)
  • S428
  • S430
  • S443 (S5YT)
  • S461 (S5NT)
  • S481 (S5NU)
  • S500 (S5ON)
  • T1131 (S47)
  • T1177 (S48)
  • T1196 (S422)
  • T2055

Obsolete forms removed

  • S10
  • CO-1137.Esupp

Release 2018.4.7

Module Content
Introduction Download the latest release of the ProFile, version 2018.4.7.

 

T1/TP1 highlights include:

  • T1 planner update
  • TP1 planner update
  • rates update

About ProFile

To update ProFile, select the “Check for Updates” option from the “Online” drop-down menu in the top toolbar.

For a list of issues fixed in the current and recent releases, see “What was fixed in recent ProFile releases”.

For question, please call ProFile support at 1-800-452-9970 or visit www.profile.intuit.ca

T1/TP1 Plan/TP1Plan:

 

  • both Federal and Quebec planners are updated to reflect the new credit and updated income tax brackets for 2019
  • 2019 rates are being enacted in the planner’s calculation
  • a new section “Tax on Split Income” is added in the Planner

2019 rates update:

  • T1 General is calculated with the most recent 2019 rates when tax year of 2019 is chosen on the INFO page
  • 2019 rates are used for planning purpose; the user should not file the return with 2019 rates
  • rates applicable to the 2019 taxation year are those known as of May 1st. Any changes resulting from subsequent federal, provincial, and territorial announcements will be integrated into future updates.

Release 2018.4.3

Module Content
Introduction Download the latest release of the ProFile, version 2018.4.3.

 

Highlights include:

About ProFile

To update ProFile, select the “Check for Updates” option from the “Online” drop-down menu in the top toolbar.

For a list of issues fixed in the current and recent releases, see “What was fixed in recent ProFile releases”.

For question, please call ProFile support at 1-800-452-9970 or visit www.profile.intuit.ca

Release 2018.4.0

Module Content
Introduction Download the latest release of the ProFile, version 2018.4.0.

 

T1/TP1 highlights include:

  • T1 Multiple Jurisdiction return
  • certified EFILE of T1 Multiple Jurisdiction return
  • EFILE for TP1 Amended return

T3/TP646 highlights include:

  • 2019 rate updates

FX/Q highlights include:

  • 2019 rate updates

About ProFile

To update ProFile, select the “Check for Updates” option from the “Online” drop-down menu in the top toolbar.

For a list of issues fixed in the current and recent releases, see “What was fixed in recent ProFile releases”.

For question, please call ProFile support at 1-800-452-9970 or visit www.profile.intuit.ca

T1/TP1 T1 Multiple Jurisdiction return

The following are updated with the most recent version of CRA’s forms:

  • T2203
  • TP22
  • TP25
  • all provincial Multiple Jurisdiction forms

New! TPF1C Explanations Regarding an Amended Income Tax Return

Starting with the 2018 taxation year, Revenu Québec allows preparers to transmit an amended TP1 return electronically.

As previously, preparers can use the “Prepare an automatic TP-1.R form” functionality to create and print Form TP-1.R - Request for an Adjustment to an Income Tax Return. Form TPF-1.C is not required if using this functionality.

Search for “adjustment” or “TPF1C” to find the TPF1C form.

An amended return using TPF1C is different from using TP-1.R: when using TPF1C the changes are made directly on the return. An explanation of the changes must be entered on TPF1C and the entire return is sent to Revenu Québec.

In comparison, only TP-1.R tells Revenu Québec the changes done on the return, without sending the entire return to the government.

An amended return can undergo electronic or paper filing. In both cases, TPF1C is necessary.

T1229 - Statement of Resource Expenses and Depletion Allowance

The new version of the form includes a new section in Part II to calculate the “Accelerated Investment Incentive” claimed on CDE and COGPE.

Enter the following amounts on the “Resource” worksheet, under Resource expense pools:

  • Accelerated CDE renounced under a FTS agreement entered into after November 20, 2018;
  • Other Accelerated CDE/COGPE; and
  • CDE/COGPE claimed in 2017

GST370 - Employee and partner GST/HST rebate application

The column in Part B pertaining to HST eligible expenses at 12% is obsolete and has been removed.

T3/TP646 Rate updates

The rates applicable to the 2019 taxation year are those known as of March 1st, 2019.

Any changes resulting from subsequent federal, provincial, and territorial announcements will be integrated into future updates.

FX/Q Rate updates

The rates applicable to the 2019 taxation year are those known as of March 1st, 2019.

Any changes resulting from subsequent federal, provincial, and territorial announcements will be integrated into future updates.

Coming Soon!
  • T1 and TP1 planner for 2019