Profile HelpIntuit

Corporate Linking in T2 FAQ for ProFile

by Intuit• Updated 1 month ago

You can review a tutorial video on Corporate Linking here:

About Corporate Linking

What is Corporate Linking?

T2 filers can now link data from a related/associated corporation into the RAC Details form of another corporation using ProFile's Corporate Linking function. Any changes to the data of a related/associated corporation found within a RAC Details form is now highlighted and can be synchronized with only a few clicks.

Who can use Corporate Linking?

Any ProFile customer who has the T2 module is eligible to use Corporate Linking.

For which tax years is Corporate Linking available?

Corporate Linking is applicable for 2017 and later T2 modules only.

Will Corporate Linking work for OnePay and Trial licenses?

Yes.

Where can I find the Corporate Linking function in ProFile?

The Corporate Linking function is accessible from the ProFile top menu toolbar:

How can I tell if it's possible to link a related/associated corporation?

The Corporate Linking icons will be active on the ProFile menu toolbar.

Does Corporate Linking impact T2 printing?

No, printing for T2 will behave the same for T2.

Link and Unlink Corporations

Is there any limit to the number of related/associated corporations that can be linked?

No, but the syncing performance may be impacted if many corporations are linked.

If I unlink a related/associated corporation, will the RAC Details data disappear?

No, the RAC Details data will still be intact, but it will not sync until it the linking is re-established.

There is a related/associated corporation I need to link to a corporation but it does not yet exist. Will Corporate Linking create the RAC Details form?

No, you must manually create the RAC Details form for the related/associated corporation and then link it to a corporation.

Can I create a T2 return from a related/associated corporation?

No, there will be additional required information that is not contained on the corporation's RAC Details form.

Sync Linked Corporations

Can the sync function read locked files in ProFile?

Yes.

Can the sync function read password protected files in ProFile?

No. Password protected files must be made unprotected to be read.

Can the sync function read files that are currently being read or used by others?

Yes.

Errors and warnings

Why does the syncing process take so long?

You may have a large number of related/association corporations linked; this can increase the time required for syncing.

Why do I see yellow highlighted fields in a RAC Details form?

The yellow highlighted fields require additional data be entered, as in other ProFile forms. Enter the required data in the highlighted fields manually.

EFILE and ReFILE

Will Corporate Linking tell me if I forget to link a related/associated corporation prior to an EFILE?

No, customers must identify and link any related/associated corporations themselves.

After I EFILE a linked return, can I adjust a related/associate corporation's data if a ReFILE is required?

Yes.

Can I EFILE a T2 return with its related/associated corporations?

No, related/associated corporations must be EFILED separately from the linked corporation.

Intuit ProFile Tax

Sign in now for personalized help

Ask questions, get answers, and join our large community of Profile users.