ProFile T2 vs TaxCycle T2
ProFile T2
profile.intuit.caTaxCycle T2
taxcycle.comSide by side
| Figure | ProFile T2 | TaxCycle T2 |
|---|---|---|
| Price from | $99.17/mo | — |
| Free plan | — | — |
| Free trial | Yes | Yes |
| Open source | — | — |
| Windows | Yes | Yes |
| Plans published | 1 | 3 |
| Spec score · Corporate Tax Software | 7.8 (#8) | 7.3 (#14) |
| GIFI imports | GIFI code data can be imported from QuickBooks Online, Excel, and other accounting software. | TaxCycle T2 imports GIFI data from Xero, QuickBooks, Sage, CaseWare, AFP, Excel, and CSV, and can automatically complete the return from GIFI schedules and flag potential issues. |
| Purpose | ProFile T2 is corporate tax preparation software for T2/CO-17 returns. | TaxCycle T2 prepares Canadian corporation income tax returns for small businesses through complex associated or related corporate groups. |
| Security | The product page says electronic signing uses highly secure encryption technologies to protect client data during signing. | The maker's security help lists file locking, automatic save and recovery, password-protected files, and instructions for encrypting a Windows folder. |
| Support | ProFile offers year-round technical phone and chat support, FAQs, in-product live chat, training videos, and webinars. | Email and phone support operate weekdays from 8 a.m. to 5 p.m. Mountain Time, with extended hours and Saturday support during tax season, and the stated response time is within one business day. |
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
ProFile T2
ProFile T2 is Windows desktop software for preparing corporate T2/CO-17 returns, including amendments and consolidated returns. It supports unlimited returns and batch filing; electronic filing requires CRA EFILE registration. Corporate Linking shares tax information between related corporations and transfers RAC Details between returns. GIFI data can be imported from QuickBooks Online, Excel, and other accounting software, with carry-forward support for DT Max, Cantax, and Taxprep; availability can depend on module and version. The listed library includes over 130 CRA and provincial forms, T3 slips, and worksheets, including business, rental, and farming statements with asset tracking and CCA calculations. A real-time auditor identifies potential errors, indicates their seriousness, and offers correction explanations. Users can back up unlimited files and returns to the cloud and retrieve them later. The free trial includes all modules and features except filing completed returns. The T2/CO-17: Corporate plan is $1,190 a year and includes Québec and one license. Additional licenses cost $195 each for 1–4, $165 each for 5–7, and $145 each for 8 or more. Apple products are not supported.
TaxCycle T2
TaxCycle T2 has no write-up on Specifiction yet; its figures are above.