T2Express: Step 1 - Create a new T2 return Answer:
Launch the software first.
Click the New icon at the top, or the New Returns... button at the bottom, of the software, or the menu Start ...
T2Express: Step 2 - Work on income statement schedule 125 Answer:
Add a GIFI schedule 125, Non-farm Income Statement, into the tax return to calculate the taxable income of the corporation. For farming income, add Farm ...
T2Express: Step 4 - Add/remove other tax forms Answer:
To add other tax forms you can choose the menu Forms > Add a tax form or Forms > Add/Remove multiple tax forms. It may ...
T2Express: Step 5 - Validate a T2 tax return Answer:
Before you create the .cor file for Internet Filing, click the Validate icon to perform a validation. The software will cross-check the forms. Or you ...
T2Express: Step 6 - Create .cor file or tax return print Answer:
After a T2 return passed the validation process, you can create a .cor file for Internet filing; or generate a printable PDF file (Print function) ...
T2Express: Auto-fill tax data in T2Express Answer:
In T2Express software, you can use the auto-fill function to fetch tax data from CRA. Here is a short video to demo the process, especially ...
T2Express: How to choose T2Express version? Answer:
Each version of T2Express software is designed to handle tax returns for a specific period, typically around 3 years. If a tax year start/end date ...
T2Express: How to Re-File (Amend) a T2 tax return? Answer:
Once the CRA has finished assessing or reassessing the initial return, you can amend your T2 return. Here’s how to do it:
Step 1: Open the ...