TaxCycle
TaxCycle is professional tax preparation software that lets Canadian accountants and bookkeepers prepare and electronically file T1, T2, T3, and information-slip returns.
What is TaxCycle?
TaxCycle is a Windows-based professional tax preparation suite built specifically for the Canadian market, covering T1 personal, T2 corporate, T3 trust, and various information-slip returns. Licences are sold per user on a calendar-year basis, either as individual modules or as bundles up to the Complete Tax Suite. It has been owned by Xero since 2022.
Best known for: Comprehensive, CRA-certified tax software for Canadian accounting professionals
Key features
- T1, T2, T3 and T4/T5 slip preparation
- CRA and Revenu Quebec certified e-filing
- Multi-year carryforward and data import
- Built-in review and diagnostic checks
- TaxFolder client portal and e-signatures
- Optional DoxCycle document management
Who TaxCycle is best for
- Canadian accounting and tax-prep firms
- Bookkeepers filing T1/T2/T3 returns
- Solo practitioners and multi-preparer offices
Ideal team: Canadian tax professionals and accounting firms that need year-round, CRA-certified preparation and e-filing across personal and corporate returns.
TaxCycle pricing
T1 Module
$618/per user / yr (CAD)
- Personal T1/TP1 returns
- CRA-certified e-filing
- Single-module entry point
Tax Basics (T1 + T2)
$1680/per user / yr (CAD)
- Personal and corporate returns
- T1 and T2 modules bundled
- Good fit for small firms
Complete Tax Suite
$2800/per user / yr (CAD)
- All modules: T1, T2, T3, T4/T5 slips, forms
- Full year-round coverage
- Best value for full-service firms
Complete Suite + TaxFolder
$2954/per user / yr (CAD)
- Adds TaxFolder client portal
- E-signature and document requests
- Streamlined client collaboration
Costs to watch before you commit
- Prices are annual, calendar-year CAD licences (not monthly), billed per user
- Listed prices exclude applicable sales tax
- Add-ons like the TaxFolder portal/e-signature cost extra unless bundled
- Additional preparer seats and year-over-year renewals add to total cost
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