Differences from Profile*

Item

VisualTax

Profile

Program folders and Data Folders

Program folders in VisualTax are separate
Never install T1 and T2, etc. on the same folder
Data need to be on different folders

Can go into the same folder

Spousal returns (Coupled returns)

Saved as separate files
Linked dynamically upon loading

Can be in a single file

Automobiles

Listed in a separate section on the various business statements

Autos and other Assets are listed together in the self-employment statements

Sharing Self-employment statements

Enter the % of the taxpayer on page 1 and then enter the % of partners for example on page 3 of the T2125

Enter the % of partners on page 3 and that adjusts the taxpayer's % on page 1.

Downloading updates

Downloads are small approximately 2 Megs per module (T1, T2, etc).

Profile contains all modules together regardless of which product you bought. Download size is frequently more than 100 Megs

Multiple Jurisdictions

Available in all versions of VisualTax

Only available in the Premier version

Bankruptcy returns

Available in all versions of VisualTax

Only available in the Premier version

ACB (Adjusted Cost Base) and Investment Portfolio

Available in all versions of VisualTax

Not available

Foreign Income

Enter on the form it belongs to: i.e. Foreign Employment on Other Empl Income (OTHEMPL), Foreign Pension on FPENS form, Investments on Slips or Schedule 4, etc. The Foreign Income Summary is only used to claim the Foreign tax credit. All except Schedule 4 are captured automatically by the program on the FORINC summary.

Enter on the Foreign Income Summary form identifying the type of income. We believe it flows back to the proper lines from the summary.

Overrides

Only specific overrides are allowed (Override Y/N)

It appears to allow overrides on most calculated or linked fields

Navigating Slips

Once you open up one type of slip, then you can open other types of slips with one click

Select the slips from the Forms Menu

Creating a new instance of a slip or business statement

Click on the blue arrows to open or see the next slip or statement

Right click and create a new instance

Slip Summary

Click on S-SUM. This single form contains the most frequently used slips and amounts

We believe it is available separately for each slip

Tax Research

TR Module available on the T1 or T2 Power versions

Not available

Batch printing of returns

Available in all versions of VisualTax

Only available in the Premier version

PDF archiving

Available in all versions of VisualTax

Only available in the Premier version

Associated Corporations (T2)

Available in all versions of VisualTax

Only available in the Premier version

CIF-Corporate Internet Filing (T2)

Available in Limited and Power versions of VisualTax

Only available in the Premier version or by paying extra on the Basic version

Film and video schedules (T2)

Available in all versions of VisualTax

Only available in the Premier version

Financial institution forms (T2)

Available in all versions of VisualTax

Only available in the Premier version

Credit Union forms (T2)

Available in all versions of VisualTax

Only available in the Premier version

Capital gains refund schedules (T2)

Available in all versions of VisualTax

Only available in the Premier version

Price diffrerences