Personal Taxprep

Maximize accuracy and fully optimize T1 & TP1 returns with Personal Taxprep

Personal Taxprep is the most advanced professional tax preparation software available, with unique features that help you manage your return preparation status and workflow. That’s why Canada’s top accounting firms rely on our market-leading innovations and unmatched reliability.

Existing Taxprep Customers

How can Personal Taxprep advance my practice?

Advance optimizations for better results

Personal Taxprep is the tax software that provides the most sophisticated T1 and TP1 optimizations available, such as capital loss carry forwards and pension income-splitting scenarios.

Extensive edit checks and diagnostics to reduce errors

Personal Taxprep is a software you can trust.  You will improve your accuracy. It’s easy to identify problems such as missing data and you can review and mark up diagnostics after completing a return.

A Client Manager that streamlines processes

Personal Taxprep’s Client Manager helps you manage the entire tax return preparation process and gives you easy access to reports

Taxprep Xpress speeds up data entry

Taxprep Xpress not only speeds up data entry, it also makes it easier to review for omissions and errors by allowing side-by-side comparisons of data from current and prior years.

Easy switching from other programs

Personal Taxprep makes it easy to switch from other programs such as Profile or DT Max, with automatic T1 data conversions.

Paperless review and archiving

Personal Taxprep lets you save time and improve workflow efficiently, while saving paper.

TaxprepConnect connects Personal Taxprep and the CRA

TaxprepConnect forms a bridge between Personal Taxprep and the CRA’s Auto-fill T1 Return (AFR) service.

Quick access to premier content and award-winning tools

Personal Taxprep provides links to Preparing Your Income Tax Returns guide as well as other tax research tools (sold separately). And Personal Taxprep has the InfoConnect functionality, providing a preview relevant content from Wolters Kluwer tax research resources available on IntelliConnect.

Integration with other innovative Wolters Kluwer software

You can do even more with Personal Taxprep when you integrate with other Wolters Kluwers software, such as CCH Scan and CCH iFirm.

Industry-leading support, service and training

With Personal Taxprep, you get Wolters Kluwer’s best-in-class tax and technical support and service. You also have access to industry-leading training.

What is TaxprepConnect?


Streamline your T1 tax return preparation with TaxprepConnect. This functionality downloads tax data accessible via the Canada Revenue Agency (CRA) and Revenu Québec (RQ) online services and populates this tax data into the returns you are preparing.

Connect to the CRA’s Auto-fill T1 return service

With TaxprepConnect, use your existing CRA Represent a Client profile to download the following information into your T1 returns:

Slips
  • Slips T3, T4, T4A, T4A(P), T4A(OAS), T4RSP, T4RIF, T4E, T5, T1204, T5007 and T5008
  • RRSP contribution receipts
  • RC62, Statement of Universal Child Care Benefit
  • RC210, Working Income Tax Benefit Advance Payments
  • Rent Assist, formerly Manitoba Shelter Allowance for elderly renters
  • PRPP contribution receipt
Other tax-related information
  • Instalments
  • RRSP deduction limit and unused contribution
  • Home Buyers’ Plan
  • Lifelong Learning Plan
  • Non-capital losses
  • Capital gains and losses (including the inclusion rate for the year 2000 and the amount of unused net capital losses)
  • Capital gains deduction
  • Federal and provincial tuition, education and textbook amounts (federal and provincial)
  • Client data enquiry
  • Prior-year RRSP contributions history
  • Province of residence on December 31, 2017

This table shows the content currently authorized for access by the CRA for 2018 tax returns. Wolters Kluwer’s renowned innovation team was the initiator of the CRA’s Auto-fill T1 return service, which allows tax preparers to easily access and download client data. Taxprep remains the leader in taxation, and we will continue working closely with the CRA in order for this service to meet the constantly evolving requirements of preparers.

Downloading prior-year data

You can download tax data of the three previous years (2015, 2016 et 2017). To download data of a particular year, use the Personal Taxprep program of the year in question.
Note that only data on prior-year slips is available; data that does not relate to a specific year, such as rolled forward balances, is not available.

TaxprepConnect is completely free of charge, for both the CRA’s Auto-fill T1 return and RQ’s Tax Data Download services.


Connect to Revenu Québec’s Tax Data Download service

Preparing TP1 returns? TaxprepConnect allows you to download the following tax data to populate the tax returns you are preparing:

RL slips and other slips 1, 2, 3, 5, 6, 7, 8, 10, 16, 19, 22, 24, 25, 26, 27, 29, 30, RC62, T4E, and T4AOAS
Additional info Instalments, interest paid by Revenu Québec, personal information

Downloaded Québec RL slips can be used to automatically populate both the federal and provincial fields in Taxprep, where applicable. Click here for detailed information about using TaxprepConnect for TP1 returns.


Form TaxprepConnect Download

Form TaxprepConnect Download (Jump Code: CONNECT) offers the following possibilities:

  • Compare amounts in the return (e.g. RRSP, capital gains, etc.) with amounts downloaded using the Auto-fill T1 return service, taking advantage of diagnostics reporting the differences.
  • Update the tax return to match the CRA records in a single click.
  • Associate the downloaded slips using the CRA’s Auto-fill T1 return and RQ’s Tax Data Download services with rolled forward issuer names, for year-to-year comparison.

From this form, simply click a button to transfer the downloaded data into the applicable forms of the return. Colour-coded fields on the various slips and forms show that the source was the CRA or RQ, which directly results in time savings during review.


CCH Scan and TaxprepConnect work together to maximize the efficiency of your tax return preparation process.

CCH Scan is a part of the CCH Accountants’ SuiteCCH Scan is a paperless software solution that effortlessly and electronically takes the proverbial shoebox of unsorted client information, determines what each item is, and outputs the organized documents to a single, organized, and bookmarked PDF file. Then, the Autoflow technology allows you to import data directly into the tax return. This is where TaxprepConnect comes in: it confirms that no slips or important documents have been missed. If they were, you will be able to import them through TaxprepConnect with a single click. TaxprepConnect includes additional helpful tools that allow you to compare carry-over amounts and other balance information with the CRA records.

TaxprepConnect and Revenu Québec Tax Data Download

TaxprepConnect allows you to retrieve the information available from Revenu Québec’s Tax Data Download service. Here is the information that can be downloaded to populate the TP1 returns:

RL slips and other slips 1, 2, 3, 5, 6, 7, 8, 10, 16, 19, 22, 24, 25, 26, 27, 29, 30, RC62, T4E, and T4AOAS
Additional info Installments, interest paid by Revenu Québec, personal information

When data is transferred into the return, data contained in the Québec RL slips will automatically populate the appropriate federal and provincial fields in the Taxprep slips, where applicable, which significantly speeds up data entry. For instance, all T3 slips cells that share identical values with the RL-16 slip will be populated automatically.


Free service

There are no charges for using TaxprepConnect with Revenu Québec’s Tax Data Download service.


Authorization from your client

Starting in the 2018 taxation year, you can download a taxpayer’s data without using a download code. To do so, a valid Form MR-69, Authorization to Communicate Information or Power of Attorney, must have been previously sent to Revenu Québec.

Note that you can always obtain a download code with Revenu Québec, as in the past, and use it to download a taxpayer’s tax data.

This code will be automatically transferred into the TaxprepConnect Download form. Therefore, should you have to download the information again at a later date, you will not have to enter it again.


NetFile Québec preparer number and access code

To use this service, you must enter a valid NetFile Québec preparer number and access code in your Personal Taxprep options and settings. To enter this information, go to Tools/Options and Settings/Electronic Services/Identification/Québec:


After downloading the tax data

You will be able to review the downloaded information in the TaxprepConnect Download form. Use this form to:

  • Match the Québec RL slips to the destination slips in Taxprep.
  • Update the return with this tax information.

Multiple downloads

You can download information from the same client as many times as you want, until the return has been filed. After this point, Revenu Québec will no longer allow you to download tax data.

EFILE: Fast. Simple. Paperless.

Save time and money and give your clients the fastest possible service with EFILE.

Electronic filing is fast, convenient and flexible with EFILE. Simply enter your EFILE preparer number and password and Personal Taxprep takes care of the rest.


Manage your electronically filed returns with ease

  • Monitor. The EFILE Transmission Log lets you view your transmissions by date, client name, type of transmission or sender.
  • Search. Find a specific transmission or client in an instant with the Look For command. With Personal Taxprep’s Client Manager, you can quickly find, sort or filter returns based on any data in the return.
  • Report. EFILE filters let you generate reports for each return, including EFILE status, document control number and confirmation number. You can also create customized reports using your own client filters.

Options for EFILE transmission

  1. As a result of CRA rules that require most of our customers to file returns electronically, Efile (Federal and Quebec) is now included in most Personal Taxprep product options.
  2. To accommodate some customers who do not file returns, or who do a low volume, some Personal Taxprep products have an alternative Efile On-demand option.

Time to buy tax software? Taxprep has all the tax preparation solutions that you need!
Contact a representative today to learn more about Taxprep.