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Use the FX module in Pro Tax

by Intuit Updated 6 months ago

Pro Tax has an FX (forms expert) module offering unlimited electronic filing and preparing of federal information slips and summaries. Some of the returns and summaries include:

  • T4 (Remuneration Paid)
  • T4A (Pension, Retirement, Annuity, and Other Income)
  • T5 (Investment Income)
  • NR4 (Non-Resident Tax Withholding, Remitting, and Reporting)

Information returns, such as the T3010 Information Return for Registered Charities, are included. Pro Tax will soon have slips and summary for the T5013 Partnership Information Return.

In this article, you'll learn how to:

You can review our video demonstrating the QBOA Pro Tax FX module below:

Some features of the FX module include:

  • Unlimited electronic XML and paper filing
  • File searchability
  • The ability to import your T4 client data directly from your Excel file
  • A Live auditor with all diagnostic messages built in
  • Form search
  • A Quick mode that saves bandwidth and speeds Pro Tax performance
  • All common features available in T1, T2 and T3

Get started

  1. Select Create new.
  2. A window opens prompting you to select which slips or forms you want to complete.
  3. Select your tax year.
  4. Select your client.
  5. Enter a name for your return.

Import T4 data from Excel

  1. Create a new return.
  2. Under Actions, select Import T4.
  3. Choose your file.
  4. Map your own fields based on your Excel file. For example, you may have chosen to use Last Name instead of Surname, or vice versa. You may also leave fields empty if they don't apply to your file.
  5. Select Next.
  6. Confirm that all your slips were imported correctly.

Import returns from ProFile

  1. From the FX dashboard, select Import returns.
  2. Import the returns from ProFile.

Importing from other tax suppliers? Take advantage of our assisted onboarding to help you migrate your files to Pro Tax.

Transmit returns

Once you have completed and reviewed your forms, you are ready to file.

  1. Select Transmit. If applicable, the auditor will inform you of any outstanding messages before you can submit your return.
  2. A window appears allowing you to select the slips you wish to transmit:
    • Original: The first version of the slips sent to the CRA
    • Amended: Subsequent versions of the original slips with corrections
    • Cancelled: Slips already sent that you no longer wish to be processed by the CRA
  3. Select Continue.
  4. The next window gives you a chance to review your transmitter identification. If the information is incorrect, you can make changes in Pro Tax settings.
  5. Select Continue.
  6. Pro Tax builds the XML. A copy of the file is automatically downloaded to your computer.
  7. Select Go to CRA transmission site.

Note: The transmission is not complete until you follow the instructions on the CRA website. Pro Tax does not automatically transmit the forms or slips. The CRA requires that you use their online portal to sign in with your credentials and upload the XML file that Pro Tax generated.

Transmitter numbers

The XML file has a section called T691 which acquires the MM number and builds a valid XML file for transmission to the CRA. For more information, visit the CRA: T619, Electronic Transmittal page. You can use the generic transmitter number MM555555 to transmit a return if you are filing only 1 return and do not have an existing transmitter number.

For all other returns and slips, use the transmitter number that the CRA assigned to you if you are filing more than 1 return. You can call the CRA or visit the electronic transmittal page to acquire a transmittal number.

Review the XML specifications to file electronically on the CRA website for further details on submissions.

Note: If a transmitter number has not been assigned or if there is a delay in receiving the number, Pro Tax users can enter MM000000. This is a generic number that will be accepted by the CRA.

Available FX slips and forms in Pro Tax

You can review our list of slips and forms available for FX in Pro Tax.

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