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What's New in ProFile...

ModuleContent
IntroductionVersion 2020.3.5

Download the latest release of the ProFile Suite, version 2020.3.5.

T1/TP1 highlights include:

-2020 RQ import

T2 highlights include:

-Updated AgriStability forms
-Taxprep carry forward to ProFile (2020 files) supported versions now includes 2020v2.0 and 2020v2.1

Systems highlights include:

-(New!) Introducing eSignature in partnership with DocuSign®. Click here to learn more.

-Back-up to Cloud feature now allows for back-up until 2013. Click here to learn more.

About ProFile

To update ProFile, select the Check for Updates option from the Online drop-down menu in the top toolbar.

For a list of issues fixed in the current and recent releases, see What was fixed in recent ProFile releases.

If you have any questions, message ProFile support or visit
www.profile.intuit.ca.
T1/TP1RQ Data Import
-Revenu Québec data import is now available for the 2020 T1 module
T2AGRI - T2 AgriStability and AgriInvest
-AgriStability forms are updated to support 2020 tax year filings
Coming Soon...-T1 multi-jurisdictional filing

What’s new for ProFile release 2020.3.1

ModuleContent
IntroductionDownload the latest release of ProFile, version 2020.3.1.

Highlights include:

-various product improvements

About ProFile

To update ProFile, select the Check for Updates option from the Online drop-down menu in the top toolbar.

For a list of issues fixed in the current and recent releases, see What was fixed in recent ProFile releases.

If you have any questions, message ProFile support or visit
www.profile.intuit.ca.

 What’s new for ProFile release 2020.3.0

ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2020.3.0.

T1/TP1 highlights include:

  • 2020 T1 form updates
2020 TP1 form updatesUpdated Auto-fill my Return (AFR) and Express Notice of Assessment (ENOA) supporting 2017, 2018, 2019, and 2020 tax years
T1 EFILE for 2017, 2018, 2019, and 2020 tax yearsT1135 EFILE for 2017, 2018, 2019, and 2020 tax years
T1ReFILE for 2017, 2018, 2019, and 2020 tax yearsT1 Barcode and KFS
T1PAD EFILE (Pre-Authorized Debit)TP1 NETFILE for 2017, 2018, 2019, and 2020 tax years
TP1 paper and barcodeT777S (New!)

What’s new for ProFile release 2020.2.7

ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2020.2.7.

Highlights include:

  • various product improvements
Coming soon!T1/TP1
  • T1 Barcode and T1 condensed

 

What’s new for ProFile release 2020.2.5

ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2020.2.5.

T1/TP1 highlights include:

  • 2020 T1 form updates
2020 TP1 form updatesT2200S (New!)
Federal T3, NR4 XML filingRL16 XML filing
2020 form updatesupdated Quebec RL slip paper and web service filing
updated Federal and Quebec FormsT2200S (New!)

 

What’s new for ProFile release 2020.2.0

ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2020.2.0.

T1/TP1 highlights include: 

  • first version paper filing release for 2020
batch carry forward availablefirst version paper filing release for 2020
paper certified trust income tax returnpaper certified slip and summary
updated federal slips and XML filingability to add more than six licenses on the license management screen
T1/TP1New Forms

T185 - Electronic Filing of a Pre-Authorized Debit Agreement

This new form is to be completed and signed by taxpayers who wish to electronically file a pre-authorized request for the Canada Revenue Agency to withdraw a one-time payment for their Income Tax and Benefit Return.

The electronic filer must retain a signed copy of this form for their records before filing the pre-authorized debit request. The T185 populates from information that is entered on form T1PAD, Pre-Authorized Debits.

Updated Forms - Federal Slips

T4 Slip

The T4 slip contains new codes relating to the employment income in Box 14. However, these new codes are for information purposes only. These codes are not required to be reported on the T1 return:

  • Code 57: Employment income – March 15 to May 9
Code 58: Employment income – May 10 to July 4Code 59: Employment income – July 5 to August 29

 

What’s new for ProFile release 2020.1.1

ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2020.1.1.

Highlights include: 

  • Backup to Cloud functionality restored
Coming Soon!
  • 2020 T3 module

What’s new for ProFile release 2020.1.0

ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2020.1.0.

T1 highlights include: 

  • 2019 to 2020 TaxCycle carry forward to ProFile
2019 to 2020 TurboTax Desktop carry forward to ProFilenew 2018-2021 module now available
T2 Paper and Internet filing certified for Federal corporate tax returnsAT1 Paper and Internet filing certified for Alberta corporate returns
Auto-Fill My Return (AFR) certified for new expanded list of data importnew schedules added (S349, S350, and S444)
Taxprep carry forward to ProFile (2020 files) supported versions now includes 2020v1.1Cantax carry forward to ProFile (2020 files) supported versions now includes 19.1.307.100, 19.2.307.106, and 20.1.307.104
TaxCycle carry forward to ProFile (2020 files)DTMax carry forward to ProFile (2020 files)

 

What’s new for ProFile release 2020.0.0

ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2020.0.0. This is the first release of ProFile T1 and FX for the 2020 taxation year.

Forms for the 2020 taxation year are not released by CRA at this time. In-product forms include a “DRAFT” watermark indicating that the form is not approved for use.

Note: we recommend that discounters in provinces that provide refundable tax credits do not use this release to begin entering data for their clients.

T1/TP1 highlights include:

  • 2019-20 ProFile to ProFile carry forward preview
2019-20 Taxprep to ProFile carry forward preview2019-20 Cantax to ProFile carry forward preview
2019-20 DT Max to ProFile carry forward previewTaxprep to ProFile carry forward
2020 FX module2019-20 ProFile to ProFile carry forward
T1/TP12019-20 ProFile to ProFile carry forward preview

This early version of the ProFile T1 module carries forward information from 2019 ProFile returns to create new 2020 ProFile returns, for preview purposes only.

To carry forward a single 2019 tax return, right-click the file and select the option Carry forward.

2019-2020 Taxprep to ProFile carry forward preview

This version of the ProFile T1 module carries forward information from 2019 Taxprep T1 returns to create new 2020 ProFile returns, for preview purposes only.

To carry forward a Taxprep T1 file, select the option Carry forward from the File menu. Set Files of type as “2019 Taxprep T1 (*.119)” or drag-and-drop a Taxprep file (*.119) into a ProFile T1 file.

Supported Taxprep versions include 2019.v1.0, 2019.v2.0, 2019.v3.0, 2019.v4.0, 2019.v4.1, and 2019.v5.0.

2019-20 Cantax to ProFile carry forward preview

This version of the ProFile T1 a module carries forward information from 2019 Cantax T1 returns to create new 2020 ProFile returns, for preview purposes only.

To carry forward a Taxprep T1 file, select the option Carry forward from the File menu. Set Files of type as “2019 Cantax T1 (*. P19)” or drag-and-drop a Cantax (*. P19) file into a ProFile T1 file.

Cantax versions are supported up to 19.5.303.122.

2019-20 DT Max to ProFile carry forward preview

This version of the ProFile T1 module carries forward information from 2019 DT Max T1 returns to create new 2020 ProFile returns, for preview purposes only. DT Max versions are supported up to 2019.23.21.

What’s new for ProFile release 2019.5.2

ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2019.5.2

Highlights include:

  • resolved validation error for T2 OnePay customers

 

What’s new for ProFile release 2019.5.1

ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2019.5.1

Highlights include:

  • multiple product improvements

 

What’s new for ProFile release 2019.5.0

ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2019.5.0.

T1/TP1 highlights include:

  • T1 planner update
TP1 planner updateT2 and AT1 paper/Internet filing are certified for tax year ends on or before October 31, 2020
new business consent and cancel experience for T2 returns (formerly RC59 and RC59X)T1/TP1

 

What’s new for ProFile release 2019.4.8

ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2019.4.8.

Highlights include:

  • improvements to new update experience introduced in 2019.4.7
SystemsImprovements to new update experience
  • improvements to new ProFile version update experience introduced in version 2019.4.7
Coming soon!
  • T1 and TP1 planner for 2019

 

What’s new for ProFile release 2019.4.7

ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2019.4.7.

T1/TP1 highlights include:

  • masking of SIN and Business Number when printing forms
improved ProFile version update experienceT1/TP1
New masking feature

ProFile will be protecting your clients’ sensitive information when printing by
masking the first five digits of the social insurance number and business number on
the following forms:

  • TP-1000
Systems
Improved ProFile version update experience
  • an improved ProFile update experience makes updating to the latest version faster and more convenient that ever
Coming soon!

 

What’s new for ProFile release 2019.4.5

 

ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2019.4.5.

Highlights include:

  • improved ProFile version update experience
SystemsImproved ProFile version update experience
  • an improved ProFile update experience makes updating to the latest version faster and more convenient that ever
Coming soon!
  • T1 and TP1 planner for 2019

 

What’s new for ProFile release 2019.4.0

ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2019.4.0.

 

T1/TP1 highlights include:

  • Multiple Jurisdiction return
certified EFILE of T1 Multiple Jurisdictionmasking of SIN and Business Number when printing forms
masking of SIN and Business Number when printing forms2020 rate updates
AUT-01 - Authorize a Representative for Access by Phone and Mail (New!)AUT-01X - Cancel Authorization for a Representative (New!)
2020 rate updatesT1/TP1
T1/TP1 Multiple Jurisdiction return

The following forms are updated with the most recent version of CRA’s forms:

  • T2203
all provincial Multiple Jurisdiction forms

 

What’s new for ProFile release 2019.3.5

ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2019.3.5.

Highlights include:

  • 2018 and 2019 RQ import

 

What’s new for ProFile release 2019.3.0

ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2019.3.0.

T1/TP1 highlights include:

  • 2019 T1 form updates
2019 TP1 form updatesupdated Auto-fill my Return (AFR) and Express Notice of Assessment (ENOA) supporting 2016, 2017, 2018, and 2019 tax years
2019 version of Authorizing a Representative (previously T1013)2019 version of Cancelling a Representative (previously T1013)
2019 version of Business Consent (previously RC59)2019 version of Business Consent (previously RC59X)
T1 EFILE for 2016, 2017, 201, and 2019 tax yearsT1135 EFILE for 2016, 2017, 2018, and 2019 tax years
T1ReFILE for 2016, 2017, 2018, and 2019 tax yearsT1 Barcode and KFS

 

Older releases

ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2019.2.5.

T1/TP1 highlights include:

  • 2019 T1 form updates
2019 TP1 form updatesFederal T3, NR4 XML filing
2019 form updatesRL16 XML filing
updated Quebec RL slip paper and web service filingupdated Federal and Quebec Forms
Backup to Cloud support for T3 2019 moduleT1/TP1
New Forms

ON-CARE, Childcare Access and Relief from Expenses (CARE) tax credit

Effective for the 2019 tax year, if you were a resident of Ontario at the end of the year and claimed child care expenses on line 21400 for one or more eligible children, you may be eligible for the Ontario Childcare Access and Relief from Expenses (CARE) tax credit.

The CARE tax credit supports families with adjusted family incomes of up to $150,000 and would provide them with a credit of up to 75% of their eligible child care expenses.

To calculate the credit, indicate the supporting persons for each eligible child. If there are any supporting persons other than the taxpayer and the spouse, you must enter the net income, childcare expenses deduction, and social assistance benefits repayment from that supporting person’s tax return.

T3/TP646
ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2019.2.0.

T1/TP1 highlights include:

  • first version paper filing release of ProFile for T1/TP1 2019
new 5-digit field codes: commencing with the 2019 tax return, keying fields on the return and on all federal, provincial, and territorial schedules and forms are renumbered by CRA requirement. Existing line numbers that were out of sequence have been re-sequenced and any line numbers in 3 and 4 digits have been changed to 5 digits. Lines in the 1000, 7000, 8000 and 9000 ranges are not affected.batch carry forward now available
paper certified T3 federal income tax returnpaper certified T3 slip and T3 summary
updated federal slips and XML filingT2202 XML filing (new!)
Backup to Cloud support for T3 2019 moduleTaxCycle carry forward for T1 and T2 (new!)
T1/TP1New Forms

Schedule 14, Climate Action Incentive (for residents of Alberta)

Commencing with the 2019 tax return the climate action incentive is available to residents of Alberta who qualify.

Schedule YT(14)  - Yukon Government Carbon Price Rebate

The Yukon Government Carbon Price Rebates is an amount paid to individuals and businesses to help offset the cost of the federal carbon pollution pricing levy.

Starting in July 2020 the rebate payments will be issued quarterly to individuals separately from the income tax refund. The taxpayer and their spouse or common-law partner (if applicable) must file a return as a resident of the Yukon every year to continue receiving the rebate.

The taxpayer will receive the basic rebate automatically based on information contained in their return. The Yukon carbon price rebate is the same amount for every resident of Yukon, regardless of age, income, or marital status. The taxpayer may qualify for a 10% remote supplement if, on December 31, 2019, they resided outside Whitehorse.

To claim the remote supplement, indicate “Yes” at Part 1, Line 63790, to the question “Do you reside outside of Whitehorse on December 31 of the tax year?”

To display the estimated rebate that will be paid to the individual, choose “Yes” to the question “Display estimated rebate on this taxpayer’s return?”

To claim the Yukon Business Carbon Price Rebate, complete Part 2. The rebate is a refundable credit based on the UCC and CCA of eligible Yukon assets used to calculate your business income in the year. To calculate the rebate, indicate the amount of eligible UCC and CCA for all eligible assets under Category 1, 2 and/or 3.

ON428A, Low-income individuals and families tax (LIFT) credit

Individuals that were Canadian residents on January 1, 2019 and Ontario residents on December 31, 2019 may be eligible for the non-refundable Low-income Individuals and families tax (LIFT) credit.

The taxpayer could receive up to $850 to be applied against any Ontario tax payable, as long as they have employment income.

If you have a spouse or common-law partner who has employment income, they can also claim this credit on their return.

To claim the credit, complete form ON428A.

Form T90, Income Exempt under the Indian Act

This form calculates the net exempt income for taxpayers registered or entitled to be registered as an Indian under the Indian Act. This income is reported to Canada Revenue Agency to determine the taxpayer’s Canada training credit limit (CTCL) and Canada Workers Benefit (CWB).

For taxpayers with this exempt income, indicate on line 38105 of the Schedule 6, Canada Workers Benefit, if the exempt income should be included in calculating the CWB.

T224, Nova Scotia Venture Capital Tax Credit

Effective for the 2019 tax year, a new non-refundable venture capital tax credit has been introduced for individual investors who invest in a venture capital corporation or fund.

The credit can be claimed for eligible investments made in a qualifying venture capital fund that was acquired in 2019 or in the first 60 days of 2020.

The credit is equal to 15% of eligible investments and can be used to reduce your Nova Scotia tax payable. Any unused credits can be carried forward for seven years.

T225, Nova Scotia Innovation Equity Tax Credit

Effective for the 2019 tax year, a new non-refundable tax credit has been introduced for eligible investors who invest in an approved corporation.

The credit can be claimed for eligible investments made in 2019 or in the first 60 days of 2020.

The maximum annual eligible investment is $250,000.

The credit is equal to 35% of eligible investments made in approved corporations (45% for eligible investments made in approved corporations within the oceans technology and life sciences sectors) up to a maximum claim of $112,500 per tax year and can be used to reduce your Nova Scotia tax payable. Any unused credits can be carried forward for seven years.

Removed Forms

T7DRA pre-print

Pre-printed T1 remittance form is removed from ProFile.

S4, Statement of investment income, carrying charges and interest expenses

CRA has discontinued this form.

The detailed summary of taxable dividends, interest and other investment income included on lines 12010, 12000 and 12100 has been moved to the worksheet “Other income”. Additional investment income not already included on slips can be entered here.

The detailed summary of carrying charges and interest expenses included on line 22100 has been moved to the worksheet “Other deductions”. Any deductions not already included on slips can be entered here.

S12, Home Accessibility Expenses

CRA has discontinued this form.

Home Accessibility Expenses for line 31285 have been moved to the worksheet “Other credits”. Enter eligible home accessibility expenses here if you are claiming this credit.

Updated Forms

T1 Income Tax and Benefit Return

New lines added:

  • Line 10105 - Tax-exempt income for emergency services volunteers
ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2019.1.1.

Highlights include:

  • EFILE performance improvements
ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2019.1.0.

T1/TP1 highlights include:

  • carry forward information from 2018 TurboTax T1 returns
DTMax to ProFile carryforward preview and supportDTMax to ProFile carryforward preview (T1 and T2 module)
Paper and Internet Filing certified for Federal and Alberta corporate returnsnew Attach a Doc feature for corporations that electronically file their T2 return can also electronically attach certain supporting documentation
new Backup to Cloud feature securely protects your returns onlinethis feature is replacing ProFile Review
T1/TP1Carry forward
  • this version of the ProFile T1 module carry forward information from 2018 TurboTax T1 returns to create new 2019 ProFile returns (for preview purposes only)
ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2019.0.8.

 

T1 highlights include:

  • 2019 form revisions
ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2019.0.7.

 

Highlights include:

  • T1 print performance improvements
ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2019.0.2.

Highlights include:

  • various product improvements
ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2019.0.0.

 

Highlights include:

  • updated print technologies to implement T1 CRA forms
first release of the ProFile T1/TP1 for the 2019 taxation year2018-2019 ProFile to ProFile carry forward preview
2018-2019 TaxPrep to ProFile carry forward preview2018-2019 Cantax to ProFile carry forward preview
updated formsProFile T2 now carries forward information from 2019 files created with TaxPrep T2 (version 2019 v1.0) and Cantax T2 (version 2019.1.307.100)
updated formsProFile 2019 FX carries forward information from 2018 files created with ProFile 2018 FX, Taxprep Forms 2018 v1, v2, v3, v4, and Cantax FormMaster 2018 v1, v2, v3, v4
ModuleContent
IntroductionDownload the latest release of the ProFile suite, version 2018.5.0.

 

Highlights include:

  • T2 paper and Internet filing is certified for Federal corporate tax returns
AT1 paper and Internet filing is certified for Alberta corporate tax returnsProFile T2 now carries forward information from 2018 files created with TaxPrep T2 (2018 v2.0, 2018 v2.1, 2019 v1.0) and Cantax T2 (versions 18.1.307.100, 18.2.307.126, 18.2.307.131).
ModuleContent
IntroductionDownload the latest release of the ProFile, version 2018.4.7.

T1/TP1 highlights include:

  • T1 planner update
TP1 planner updaterates update
ModuleContent
IntroductionDownload the latest release of the ProFile, version 2018.4.3.

 

Highlights include:

Related Information:

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