Profile tax software t1

How do I handle a reassessment in Profile? How to I correct the return to match CRA's new amounts? Godin1 Level 1. What's New in ProFile…. For a list of issues fixed in the current and recent releases, see our article What was fixed in recent ProFile releases. If you hav ProFile Help Intuit. Error message when printing T1, T2, or AT1 bar code. You may not be connected to the Internet.

Ensure you are connected to the Internet and try again. Glance download link for SmartLook. SmartLook is tool that allows ProFile users to participate in a call with a support agent.

To use SmartLook it is necessary to download software called Glance. Entering box 57, 58, 59 or 60 on a T4 slip into a T1. This is because all these income amounts are included in box 14 or box 71 of the T4 slip and do not need to be entered again on the T1. Review the related CRA article for more informati Downloading, installing, and activating ProFile.

We've made downloading, installing, and activating ProFile a simple and intuitive process; below you"ll find all the information needed to get started.

Downloading ProFile ProFile users need to download a file named "gpsetup. ProFile Product Resources. This page provides an assortment of guides, articles, and materials to assist new users of ProFile. Because of these changes, you will need to update to one of the operating systems l Entering boxes and reported on T slip T1.

Issue Some boxes on the T slip T1 module are not required for tax calculations in ProFile and do not display as a result. This article details how users can enter the information into the boxes if a need arises. Resolution Entering boxes , Issue It is necessary to undertake a T2 amendment or adjustment.

Any amendments for years before this date must be paper filed. S Basaria Level 1. Known Issues in ProFile. The following are known issues in the current release of ProFile. ProFile Help. What's new in ProFile release Certain forms for the taxation year are not released by CRA at this time. Note: We recommend that discounters in provinces that provide refundable tax credits do not use this release to begin entering data for their clients.

The amount of the repayment, less any portion already deducted in , will be deducted at Line of the T1 return. Repayments of provincial or territorial COVID benefits will continue to be deducted on line of the return.

Line - Other refundable credits specify The following lines have been removed: Line - Climate Action Incentive The Climate Action Incentive will no longer be claimed as a refundable credit on the T1 return. Eligible taxpayers will automatically receive the benefit in quarterly payments beginning in July Schedule 6 - Canada Workers Benefit The Canada workers benefit rates and income thresholds have been updated for Updated Forms - Provincial Manitoba MB The maximum credit amount that can be claimed by an individual for the small business venture capital tax credit has increased.

MB The calculation of the personal tax credit, education property tax credit, seniors' school tax rebate and the school tax credit for homeowners have changed effective for the and subsequent tax years.

The total claim can be split between spouses or other eligible individuals. Only an individual who has a positive Canada training credit limit for the tax year is eligible for the tax credit.

Saskatchewan SK The following line has been added to the Form SK Home renovation expenses The above non-refundable tax credit is available for tax years and for eligible expenses incurred. Members of the same family household may share the eligible expenses up to the annual maximum allowable. After the T, T, and T return has been electronically filed 1. To carry forward a Taxprep T3 file: 1. Select the option Carry forward from the File drop-down menu.

Taxprep versions are supported up to During your set up of Hub, you can now indicate the location of your returns. You can open the returns as well as update the filing status and add comments on files all within Hub. Requirement to indicate Individual or Other than individual Trustee It is now required to indicate on the Info form if the trustee is an Individual or Other than individual.

Free trial. Getting started. Product resources. System requirements. Contact us. Buy now. Try for free. You can handle virtually every tax scenario with ProFile. Learn more. OnePay: 1 Filing. ProFile 20 T1 Filings.