ProFile Basic T3 trust tax software includes direct entry of income slips for trusts, all supporting schedules, management of unlimited beneficiaries and allows you to print NR4 & T3 tax slips. Basic T3/TP-646 has all the same features plus the ability to prepare and file Québec trust returns and related Relevés.
Basic T3 includes a comprehensive set of forms, T3 tax slips & worksheets. And just like all ProFile products, Basic T3 includes FREE technical support.2
Built-in specialized forms for trust tax software.
ProFile Basic T3 & T3/TP-646 includes a comprehensive list of forms to handle most tax scenarios in Canada related to trusts. Get automatic access to:
Over 75 CRA and provincial forms, T3 tax slips and worksheets
Business, rental and farming statements (T2125, T776 and T2042 tax forms) with integrated asset-tracking and CCA calculations
(Basic T3/TP-646 only) Tightly integrated CRA and RQ schedules, virtually eliminating the need for redundant data-entry. Simply enter data on the federal schedule and it cascades through both the T3 and TP-646 returns.
Flexibility to allow ease of entry for all income allocation needs.
ProFile Basic trust accounting software has extensive allocation options, including automatic expense allocation to give the optimal tax scenario for all beneficiaries. Save time & optimize trust returns – don’t worry about running through various scenarios and tax calculations. With ProFile T3, just select the various allocation methods. Choose from equal, percentage, fixed amount or ‘automatically allocate expenses’ to minimize tax for beneficiaries.
Install ProFile once, and get automatic access to over a decade’s worth of tax forms.
How does our MAUI™ (Multiple Application User Interface) feature work? Unlike other tax software:
You can access different years and different types of returns all from one screen, helping you save time every day
You get all prior years included FREE - going back as far as 1997
There's no need to re-install software every year; just enter a simple access code for instant access to the forms you need
It’s everything you need to save time and maximize your billable hours. It’s only from ProFile – and it’s automatically included in your software.
Active Auditor: Diagnose any potential issues in real time.
ProFile’s built-in Active Auditor instantly flags errors, omissions, dates & notices – and gives detailed explanations of how to correct the problems. ProFile integrates all diagnostics with the associated return, so reviewing returns is a breeze. Simply scroll through the list and then jump to the corresponding form and field in the return.
You can view Active Auditor as a summary or view only specific areas (warnings, notices, sign-offs, review marks, memos, etc.).Its sophisticated diagnostics help you catch more mistakes with fewer disruptions.
Thinking of switching? ProFile’s Carry Forward feature helps make it a seamless switch.
If you’re currently using other T3 tax software to prepare tax returns, don’t worry – you won’t have to start from scratch. ProFile Basic’s carry forward feature3 converts from Taxprep™ and ProFile™. ProFile automatically brings forward all the applicable fields and balances from last year to ensure your corporate returns are accurate – and its saves you time.
Client communications: Easy, fast & professional.
Create professional mailing labels, engagement letters, and general client correspondence with information right from the tax return. Even better, take advantage of ProFile’s customizable templates and prepare communications with specific details from your client’s tax return. (Yes, it’s included in your trust accounting software.)
Make your mark with Review Marks.
Use Review Marks to flag items in the return with a single click. It puts your typical office workflow – like requesting follow-up or asking questions – all in ProFile.
Review Marks replaces the paper review process with an electronic process - no more print and distribute. It uses standard review marks such as Partner Sign-off, Preparer Sign-off, Correction Required and Question. And all marks are integrated within ProFile’s Active Auditor, for complete integration within the return.
Memos & tapes: Keep track of all the details, without having to remember them.
Our Tapes feature gives you the ability to include an ‘adding-machine tape’ to any input field. Save time calculating summaries, reviewing files and tracking down information. ProFile’s Tape feature allows you to create a list of amounts with a running total.
Making notes couldn’t be easier: you can enter memos on a field-by-field basis, so you (or anyone reviewing the return) can easily spot them on the return. Plus, review both memos & tapes using Active Auditor for a final check.
All the support you need – all year round.
Free, year-round technical phone & email support2, from our support team. Get helpful answers from tax and technical experts. Whatever complex tax scenario you may have, we’ll help you solve it.
Or visit the in-product Live Community – submit a question and get answers from your peers – right inside your ProFile software.
Plus, access a variety of self-serve support options including FAQs, in-product help and the online ProFile Community Forum, where you can connect with other ProFile users.
