Release 2019.1.1
Module | Content |
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Introduction | Download the latest release of the ProFile suite, version 2019.1.1.
Highlights include:
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 |
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Introduction | Download the latest release of the ProFile suite, version 2019.1.0.
T1/TP1 highlights include:
T2 highlights include:
Systems highlights include:
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
New! Backup to Cloud
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T2 | New 2017-2020 module now available
Carry forward your form selection following this support article. New! Backup to Cloud
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:
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
Method 2 Select the “Attach a Doc…” option from the “EFILE” menu in the top toolbar. Attachable documents for insurance corporations
Attachable documents for non-insurance corporation
Attachable documents that are dependent on schedules filed with the T2 Return
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:
Schedule 5 - Tax Calculation Supplementary - Corporation
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
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:
Provincial Alberta AT1 - Alberta Corporate Income Tax Return The form has been updated for corporate tax rate reductions. The new rates are:
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:
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:
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.
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
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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! |
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Release 2019.0.8
Module | Content |
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Introduction | Download the latest release of the ProFile suite, version 2019.0.8.
T1 highlights include:
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 |
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Introduction | Download the latest release of the ProFile suite, version 2019.0.7.
Highlights include:
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 |
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Introduction | Download the latest release of the ProFile suite, version 2019.0.2.
Highlights include:
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 |
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Introduction | Download the latest release of the ProFile suite, version 2019.0.0.
Highlights include:
T1/TP1 highlights include:
T2 highlights include:
FX/Q highlights include:
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
Obsolete form removed
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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
Obsolete form removed
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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 |
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Introduction | Download the latest release of the ProFile suite, version 2018.5.0.
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 |
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):
Two asset codes relating to additional information for Class 43.1 and 43.2 have been decommissioned at Line 301:
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
Obsolete forms removed
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Release 2018.4.7
Module | Content |
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Introduction | Download the latest release of the ProFile, version 2018.4.7.
T1/TP1 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 |
T1/TP1 | Plan/TP1Plan:
2019 rates update:
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Release 2018.4.3
Module | Content |
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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 |
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Introduction | Download the latest release of the ProFile, version 2018.4.0.
T1/TP1 highlights include:
T3/TP646 highlights include:
FX/Q 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 |
T1/TP1 | T1 Multiple Jurisdiction return
The following are updated with the most recent version of CRA’s 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:
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! |
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