Cantax Direct # 20180525-1
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Cantax T2 18.1.3xx.100 Release!
We are pleased to announce that our Cantax T2 versions are now available for download.
This release of Cantax T2 and T2Plus can be used to prepare corporate income tax returns for taxation years that began on or after January 1, 2016, and will end on or before October 31, 2018.
The optical disks will be shipped the week of June 3, 2018.
Here is a summary of the main topics in the current version.
- Download CRA Tax Data
The Download CRA Tax Data functionality is now available in Cantax T2. This functionality allows you to download data via the CRA’s T2 Auto-fill service.
- New form: T217 – Election, or Revocation of an Election, to use the Mark-to-Market method (T217)
This form allows a taxpayer, for taxation years beginning after March 21, 2017, to make an election to use the mark-to-market method of income recognition for all of his or her eligible derivatives or to file a request with the Minister to revoke such an election.
- Applicability of Schedule 7 – Aggregate Investment Income and Active Business Income (S7)
As a result of the update by the CRA of the text for question 207 in Schedule 200 (T2), the applicability of Schedule 7 has been modified.
- Federal and provincial 2018 budgets
All 2018 budgets modifications that had an impact for a taxation year ending before November 1, 2018, have been made to Cantax T2.
For the latest information about this release, please refer to the Release Notes available from the Welcome box in the Cantax T2 program. This document is also on our Web site.
Cantax T2 requires an activation key to install the software, which includes various modules. To access your activation key, log on to your "Files Centre" from the "Cantax Downloads" page. In the Dashboard page, click the Activation Key(s) button in the "Download" section.
Videos Available on our Web Site!
To learn more about Cantax or to become familiar with the new features, consult the videos available at www.cantax.com!
To consult the different training sessions available, access the “Training” section of the Cantax Web site. To do so, in Cantax T2, select Help, Cantax on the Web and Get Cantax Training.