Cantax - CCH Canadian

By: Cantax  09-12-2011
Keywords: filing, corporate tax, Tax Professionals

Cantax T2 Pay-Per-File is the perfect solution for tax professionals who prepare a low volume of tax returns in a year. Now you can download the tax software free of charge and pay only for tax returns that you actually file (paper filing or Internet filing). The cost for each tax return is only $185 - much less than you would pay for the more traditional approach of purchasing a higher price tax package.How It Works
After installing the program, you may prepare corporate tax returns; however, you cannot print a return or file over the Internet until it is purchased.When you have completed a corporation's return and are ready to print or file over the Internet, select Purchase Return from the File menu. A dialog box will appear showing you the tax return's business number and taxation year start/end dates. These items of information will be "burned" permanently into the return after the purchase. If you are sure the data is correct, click Yes, otherwise, click No and correct the T2-ID form in the return. If you clicked Yes, a series of dialog boxes will take you through the purchase process. You will be prompted to enter your identification and credit card information. When completed, Cantax T2 Pay-Per-File will contact our E-commerce site via your Internet connection to have the purchase authorized.You must be connected to the Internet. Your personal and credit card information is secure since we use the standard "Secure Sockets" feature of Windows to encrypt your data before it leaves your computer.When the purchase is authorized, the tax return is permanently marked with the corporation number and taxation year end date, which cannot be changed. You can then print the corporate tax return or file it using Corporation Internet Filing. You may perform the normal backup and update operations on purchased returns as well. The system is designed to allow filing of a corporate tax return for a particular taxation year end. To do a subsequent filing for another taxation year, simply purchase another tax return. Frequently Asked QuestionsCan I file the Ontario Minimum Tax (DFILE)?
Yes. The Cantax T2 Pay-Per-File program does have the Ontario DFILE feature required for Ontario corporations subject to the minimum tax rules.Can I Efile the tax return?
Yes. The electronic transmission of a corporate tax return is available in Cantax T2 Pay-Per-File program.Can I file a Québec tax return with Cantax T2 Pay-Per-File?
The Cantax T2 Pay-Per-File program covers all jurisdictions except Québec.If I prepare a corporate tax return with Cantax T2 or T2Plus, will I be able to read the file with Cantax T2 Pay-Per-File?
You can load the tax return and examine all the tax forms on your screen. You will not be able to print or Efile the tax return using the Cantax T2 Pay-Per-File program unless you purchase the tax return.If I prepare a corporate tax return with Cantax T2 Pay-Per-File will I be able to read the file with Cantax T2 or T2Plus?
Yes. You can read and print tax return files produced by the Cantax T2 Pay-Per-File program with the Cantax T2 or T2Plus programs.If I find that I have to prepare many corporate tax returns this year, can I purchase Cantax T2Plus and receive a credit for the returns I have already purchased this year?
You can certainly purchase the Cantax T2Plus program at any time. However, we will not be able to issue any credits for any tax returns purchased individually. The Cantax T2Plus (unlimited) program is sold on a yearly subscription basis, whereas the Cantax T2 Pay-Per-File program is sold on a per return basis.If I have a yearly subscription to Cantax T2 or T2Plus, can I switch to Cantax T2 Pay-Per-File and get a credit for the unused time left on my Cantax T2 subscription?
No. You should use your Cantax T2 until the subscription period runs out and then you may use Cantax T2 Pay-Per-File from then on.How do I handle software updates and carryforwards with Cantax T2 Pay-Per-File?
You can always download the latest version of Cantax T2 Pay-Per-File (version 11.2.310.126). We will also make all versions of the product available after version 11.2.310.126. Since the software is free, you can download and install it at any time. You can update Cantax T2 Pay-Per-File returns to a subsequent version or use the File/Carry Forward command in the program.I have some late returns to file for tax years previous to what this version will process. How can I prepare those late returns on a pay-per-file basis?
If you need to prepare late returns that require a previous version of Cantax T2, you may purchase our Cantax Archive CD-ROM that contains all previous Cantax T2Plus tax programs. For more information, visit the page.Do I have to use the Internet to purchase each return?
Yes. We are not able to manually process orders for individual corporate tax return purchases. Our E-commerce site will accept VISA, MasterCard and American Express cards. The E-commerce site uses standard encryption for protection of your data. For extra security, we do not store your credit card information on our servers. Your computer must have Internet access to be able to purchase a corporate tax return.If I install the Cantax T2 Pay-Per-File program on more than one computer, can I prepare and purchase a T2 return on one computer and print the return on another computer?
Yes. The individual tax return file itself carries the record of purchase, so that file can be printed using any Cantax T2 product with a compatible version number.
The information in this article was current at 06 Dec 2011

Keywords: corporate tax, filing, Tax Professionals, Tax Software

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