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Date: 2022-May-26
Corporate Taxprep
Corporate Taxprep 2022 v.1.0 Launch

We are pleased to announce the release of Corporate Taxprep 2022 v.1.0.

This version can be used to prepare corporate tax returns for taxation years beginning on or after January 1, 2020, and ending on or before October 31, 2022.

IMPORTANT!
The minimum subscription term for this product is one year.
If you have any questions regarding your subscription, please contact Customer Service at cservice@wolterskluwer.com or log on to "My Account" on the Wolters Kluwer Web site.

Download Now!

The CD-ROMs will be shipped starting the week of May 29, 2022.


What's new in this version

The following is a brief summary of the changes included in Corporate Taxprep 2022 v.1.0.

  • Calculations related to the immediate expensing measure
    Government authorities have confirmed to us that they accept returns where the immediate expensing measure has been applied. We have therefore integrated the calculations related to this. However, the CRA and the Alberta government have informed us that adjustment requests for a return to take into account the immediate expensing measure will be processed only when the bill confirming this measure receives Royal Assent.

  • Automobile deduction limits
    The calculations related to the automobile deduction limits applicable to the 2022 taxation years have been integrated, but only for Québec returns. The automobile deduction limits applicable to the 2022 taxation years will be applied by the CRA and the Alberta government only when a bill confirming this measure will be tabled.

  • Update of Form T106 Summary (Jump Code: 106S) and T106 Slip (Jump Code: 106)
    The most recent versions of Form T106 Summary and T106 Slip have been added to Corporate Taxprep. These versions must be completed when the corporation taxation year begins after 2021.

  • Electronic transmission of Form MR-69 (Jump Code: MR69)
    Form MR-69 can now be electronically filed with this version of Corporate Taxprep.

  • New Forms

    The following forms have been added to the program:

    • Schedule 59, Information Return for Non-Qualified Securities (Jump Code: 59)
    • Schedule 63, Return of Fuel Charge Proceeds to Farmers Tax Credit (Jump Code: 63)
    • Schedule 351, Additional Certificate Numbers for the Nova Scotia Capital Investment Tax Credit (Jump Code: 351)

To learn more about Corporate Taxprep and the new features, consult the program's Help as well as the Release Notes and QuickStart Guide available in the Professional Centre (accessible by clicking the Menu button).


Consult our Knowledge Base to quickly find the information you need!

Our Knowledge Base contains an array of articles answering technical and tax questions most frequently asked to Support Centre agents. All you need to do is enter a few key words and the articles display in order of relevance to provide you with valuable information that will accurately answer your questions.


Activation Key

Corporate Taxprep requires an activation key to install the program and related optional modules (Specialized Information, Corporation Internet Filing or Network). If you choose to use them, simply enter the applicable key when prompted. To access your activation key, go to https://support.wolterskluwer.ca/en/download/ and log in to the Login section. In the Dashboard page, click the Activation Key(s) button in the Download section.


Taxprep T2 Update Spring 2022 – Live Webinar June 14!

Now is the time to prepare for those December 31 year ends. To help you, we are happy to announce that we are once again offering a Taxprep T2 Update on June 14, 2022!
Register today and get all you need to know with the latest changes to corporate income tax!
Note: due to ongoing system changes, please contact Customer Service to register at 1-800-268-4522 or cservice@wolterskluwer.com.


Training

To consult the different training options available regarding Corporate Taxprep (seminars, webinars, tutorials and more), access the Training section of the Wolters Kluwer Web site. You can also access it from the program, by selecting Get Taxprep Training in the Help menu.

For Taxprep training, please contact the Professional Services team at learning@wolterskluwer.com.