headerlogo.png  

 

 
 

 

Getting Started

TaxTron has been designed, by Canadians for Canadians, to allow the user to prepare their personal Canadian tax returns quickly and easily. Able to handle returns from simple to complex, Federal, Quebec and Alberta returns, electronic filing or the traditional printing and mailing of your return, the program has been engineered to maximize your refund, getting you the best refund you deserve.

Licensing and Activation

Professional users must purchase a license prior to obtaining the software. Upon attempting to print or NETFILE the first return for your clients, you will be prompted to activate the software using your license number. This license number is linked to your EFILE number, and different EFILE numbers require corresponding unique license numbers.

For the personal user, TaxTron is free to download and prepare your returns. However, you must purchase a license in order to print or NETFILE a return, unless your total income is $31,000 or less or you are a full-time student for at least 4 months as noted on your T2202A tuition form. If the software has not been activated and a license is required, it will automatically ask for the license information when attempting to print or NETFILE a return.

Note: Under CRA guidelines, there is a limit of 20 returns per machine that can be filed by individuals, either by print or electronically, regardless of the number of returns prepared. Professional users are registered with CRA and not subject to these limits.

To review your license usage in TaxTron for Windows®, go to the Tools menu and select License Usage. Note that professional users have no limit on usage so this option does not appear in the Professional software.  

image4.gif

Help and Support  

Our TaxTron support staff are ready to assist you. Should you have questions or require assistance, you can contact us by several methods:

E-Mail

Phone 

What's New in TaxTron

  • Universal child care benefit (UCCB) - The UCCB has increased to $160 per month for each qualified dependant under 6 years of age and there is a new benefit of $60 per month for each qualifies dependent aged 6 through 17.

  • Child care expenses (line 214) - The maximum limit per child has increased by $1,000. See Form T778, Child Care Expenses Deduction for 2015.

  • Family caregiver amount for children under 18 years of age (line 367) – The amount for children under 18 years of age has been eliminated and replaced by the enhanced universal child care benefit. Line 367 is now used for the family caregiver amount for children under 18 years of age.

  • Family tax cut (line 423) – For 2014 and later years, the calculation for the family tax cut has been revised to allow unused tuition, education, and textbook amounts transferred from a spouse or common-law partner. See line 15 of Schedule 1-A, Family Tax Cut.

  • Children’s fitness tax credit (lines 458 and 459) – The children’s fitness tax credit is now a refundable credit.

  • Other deductions (line 232) – The minimum amount that must be withdrawn each year from a registered retirement income fund (RRIF), variable benefit money purchase registered pension plan (RPP), and pooled registered pension plan (PRPP) has been reduced. If you have withdrawn more than the reduced 2015 minimum amount, all or part of the excess may be eligible to be re-contributed to a RRIF, RPP, account under a PRPP, or to buy a qualifying annuity and deducted on line 232.

  • Capital gains deduction (line 254) – The lifetime capital gains exemption for dispositions of qualified farm or fishing property made after April 20, 2015 has increased to $1,000,000, resulting in a capital gains deduction limit of $500,000. See Guide T4037, Capital Gains.

  • Interest paid on your student loans (line 319) – Interest paid on a Canada Apprentice Loan amount for registered Red Seal apprentices can be claimed on this line. 

  • Investment tax credit (line 412) – Eligibility for the mineral exploration tax credit has been extended to flow-through share agreements entered into before April 2016.

  • Form T1135, Foreign Income Verification Statement – This form has changed to introduce a simplified reporting method for individuals who own specified foreign property with a total cost of less than $250,000 throughout the year. See Form T1135.

  • Tax-free savings account (TFSA) – The TFSA annual contribution limit has increased to $10,000.

  • Other changes :  Repeated failure to report income penalty – We may now charge you this penalty only if the amount of income you failed to report on your return was $500 or more. The calculation of the penalty has changed.

Copyright © 2010-2015 TaxTron, All rights reserved.