CCH iFirm Taxprep Essentials - T1

CCH iFirm Taxprep Essentials T1 is perfect for all your clients’ personal tax needs, our cloud-based software allows you the flexibility to work anywhere at any time, always up to date, guaranteeing that your busy season is uninterrupted. Worried about backups? Your files are always backed in our Canadian data centers, without the need of additional IT service. Go further with our advanced tools that streamline your workflow and enhance productivity.

Want to see CCH iFirm Taxprep in action? Register for an upcoming demo to learn more.

What’s included in CCH iFirm Taxprep Essentials T1?

The Basics

• Unlimited returns
• Seven taxation years supported (current taxation year + 6 previous taxation years)
• Automatic T1 adjustments for amended returns
• Bulk EFILE, roll forward, print and publish options

Québec TP1 is sold separately. Learn more about CCH iFirm Taxprep Essentials T1/TP1.

File Carry Forward Compatibility

Carrying forward data from other tax software is easy. CCH iFirm Taxprep Essentials T1 supports carry forward for Cantax T1, Taxprep T1, Taxcycle T1, ProFile® T1, and DT Max T1.

Return Types

CCH iFirm Taxprep Essentials T1 includes a wide variety of return types related to personal tax return preparation:

• Family returns
• Non-resident returns
• Returns for deceased taxpayers
• Multi-jurisdiction returns
• Bankruptcy returns

EFILE 

• T1 and T1 adjustments
• Authorization requests
• T1135 Foreign Income Verification Statement
• Pre-authorized debit (PAD) requests

Time-saving data imports and exports

• Autofill My Return (AFR)
• Express NOA (ENOA)
• Import business statements
• Import pre-bankruptcy to post-bankruptcy

Optimizations

Leverage the most sophisticated optimizations on the market to maximize your clients’ returns. Optimizations include:

• T777, Statement of Employment Expenses
• Pension income splitting (lines 11600 and 21000)
• RRSP deduction
• Non-capital losses
• Net-capital losses
• Capital gains deduction
• Medical expenses
• Donations
• Dividends, transferring the spouse’s dividends to the taxpayer (line 12000)
• Tuition fees transfers

Why Choose CCH iFirm Taxprep Essentials for tax preparation?

CCH iFirm Taxprep Essentials is a fully bilingual solution. All modules offer:

• User-Friendly Interface: The intuitive interface simplifies the tax preparation process and allows for easy, logical navigation. See it in action.
• Automatic Updates: Updates are pushed automatically so you have the latest features and updates without needing to manually download new versions.
• Enhanced Data Security: CCH iFirm® employs measures to ensure SOC2, SSAW16, ISO 27002 and ISO 27018 data compliance and maintains two geographically diverse Canadian data centres to host its services.
• Easy onboarding and access to help: With self-guided DIY training, free training webinars, supplemental paid training and free knowledge base and support portal help, you can get started quickly and efficiently.
• Scalability: As your firm grows, you have the flexibility to upgrade to CCH iFirm Taxprep Advanced or Pro packages. If you need help determining the right package, please click here to have a consultant follow up.

What our clients say:

<<Because of the way CCH iFirm Taxprep Essentials works, we can all access one system, and we can all see the status of every return. This has increased our efficiency to an amazing extent, and we have revamped our workflow so that we are now more efficient than ever. CCH iFirm Taxprep Essentials has sped us up a lot. We are able to get a file in and out of the office much faster. Switching to CCH iFirm Taxprep Essentials was one of the best decisions we’ve ever made for our business.>>

Maureen Aquila

Branch Manager, Investia Financial Services Inc.