Corporate Taxprep vs TaxCycle T2
Corporate Taxprep
wolterskluwer.comTaxCycle T2
taxcycle.comSide by side
| Figure | Corporate Taxprep | TaxCycle T2 |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | Yes | Yes |
| Open source | — | — |
| Windows | Yes | Yes |
| Plans published | 1 | 3 |
| Spec score · Corporate Tax Software | 7.7 (#9) | 7.3 (#14) |
| Electronic filing | The Corporation Internet Filing module supports EFILE for T2 and Quebec CO-17 returns and NETFILE for Alberta returns. | The product supports unlimited federal T2, Québec CO-17, and Alberta AT1 electronic filings, including amended returns and listed foreign reporting and other forms. |
| Purpose | Corporate Taxprep is Canadian corporate tax software designed to address complex T2 preparation requirements. | TaxCycle T2 prepares Canadian corporation income tax returns for small businesses through complex associated or related corporate groups. |
Plans
TaxCycle T2
- TaxCycle T2 2011-27 (1 user)C$1,102, paid once
- TaxCycle T2 2011-27 (3 users)C$1,532, paid once
- TaxCycle T2 2011-27 (10 users)C$2,677, paid once
In their own words
Corporate Taxprep
Corporate Taxprep is Windows desktop software for preparing Canadian corporate T2 returns, with federal and provincial forms and tools. It includes more than 3,000 diagnostics and edit checks. T2 Data Connection is described as reducing preparation time by as much as 50% and improving accuracy for multi-corporation returns; the software can also transfer more than 750 GIFI items into 25 forms. Its Corporation Internet Filing module supports EFILE for T2 and Quebec CO-17 returns, along with NETFILE for Alberta returns. Tax planning tools include a Tax Rates Table and a five-year summary. InfoConnect links to tax research tools, while the Preparing Your Income Tax Returns guide is sold separately. A separate module adds forms and calculations for resource companies, credit unions, non-profits, and financial institutions. Corporate Taxprep Lite offers essential features at lower cost, though its restrictions require a representative inquiry. Pricing is available on request, and a free trial is offered. Wolters Kluwer provides support and training by phone, webinars, in-class sessions, and conferences.
TaxCycle T2
TaxCycle T2 has no write-up on Specifiction yet; its figures are above.