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TaxTron Corporate Mini is targeted at Canadian Controlled Private Corporations with relatively simple tax returns, and under $500,000 taxable income. A reduced set of schedules is provided for a reduced license fee, for the preparation of returns for corporations in any province or territory. Both bar code returns (BCR) and internet filed returns (CIF) can be prepared.
There is no limitation built into the software on taxable income -- correct tax calculations will be done however large, but because of the use of the GIFI short forms, and the limited set of schedules included, it is unlikely that a large or complex corporation will be able to file a correct return.
The forms and schedules included are:
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T2, T2 Short, T2 BCR
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GIFI Short
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Schedule 1, Net Income adjustments
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Schedule 2, Charitable donations
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Schedule 3, Dividends paid and received
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Schedule 4, Losses
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Schedule 5, Provincial taxes and credits
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Schedule 6, Capital gains and losses
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Schedule 8, Capital Cost Allowance, including leaseholds
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Schedule 11, Transactions with shareholders
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Schedule 24, First return
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Schedule 50, Shareholders
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T7B, instalments paid
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T2-DD, Direct deposit request
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Provincial tax calculations
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Schedule 546, Ontario annual return
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Among the schedules not included, and therefore limiting usage by other than small CPCCs are: reserves, associates and related corporations, SR&ED, partnerships, eligible capital, natural resources, patronage dividends, capital gains refunds, foreign tax credits, M&P, ITC, provincial capital tax, GRIP and LRIP calculations, and most provincial tax credit forms. Support is not provided for multiple jurisdictional returns nor for non-resident corporations.
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