Professional tax software for Canadian accountants and bookkeepers.
Grade: B — Score: 70/100
TaxCycle leverages advanced technology to provide a seamless experience for tax preparation and filing. Its features include auto-fill capabilities, electronic signatures, and integration with popular accounting software like Xero, ensuring accuracy and efficiency in tax compliance.
The software streamlines workflow by offering tools such as SlipSync for data transfer, customizable templates, and a client manager that enhances collaboration between accountants and their clients. This allows for a more organized and productive tax season.
TaxCycle mitigates risks associated with tax preparation by providing robust review tools and alerts for potential issues, ensuring that users can address concerns quickly and maintain compliance with Canadian tax regulations.
Complete Tax Suite 2025 (1 user): $2,605 CAD/year
Complete Tax Suite + TaxFolder 2025 (1 user): $2,954 CAD/year
Tax Basics 2025 (1 user): $1,563 CAD/year
TaxCycle T1 2025 (standalone): $575 CAD/year
TaxCycle T2 2011-26 (standalone): $1,025 CAD/year
Consider switching to ProFile: ProFile offers similar functionalities but may have different pricing structures and user experiences.
TaxCycle and ProFile both cover T1, T2, T3, and Québec returns with CRA EFILE certification. TaxCycle includes DoxCycle document management and TaxFolder e-signatures as add-ons, while ProFile relies on Intuit Sign (separate purchase) and its Hub/Link portal. ProFile offers a calculation accuracy guarantee that reimburses CRA interest charges from software errors. TaxCycle's Complete Tax Suite at $2,605 CAD/year includes more bundled modules than ProFile's comparable suite pricing, and TaxCycle provides volume discounts at the 3-user and 10-user tiers.
Taxprep is the dominant choice among Canada's top 30 accounting firms and integrates with the CCH iFirm practice management ecosystem. TaxCycle targets small to mid-size firms with transparent public pricing (starting at $575 CAD for T1), while Taxprep uses quote-based pricing that reviewers describe as significantly more expensive. TaxCycle offers live phone support six days a week during tax season. Wolters Kluwer moved Taxprep to digital-only support channels in January 2025, removing phone support entirely.
Yes. TaxCycle imports T1/TP1, T2/CO-17, T3/TP-646, and FX carry-forward files from Intuit ProFile, Taxprep, Cantax, and DT Max. The conversion happens during carry-forward, mapping prior-year data into TaxCycle's format. TaxCycle also supports batch carry-forward through Client Manager, so firms switching can convert their entire client base at once rather than file by file.
TaxCycle is a Windows-only desktop application. There is no native macOS version and no browser-based cloud edition. Mac users can run TaxCycle through Parallels, Boot Camp, or a Windows virtual machine. For multi-location access, firms can install TaxCycle on a Windows server and use cloud storage (Dropbox, OneDrive) to sync return files between offices. Each user accessing the software via remote desktop still requires their own license.
Xero acquired TaxCycle (then Trilogy Software Inc.) in December 2021 for CAD $75 million. In June 2022, Trilogy Software amalgamated with Xero Software (Canada) Ltd. TaxCycle continues to operate as a standalone brand under CEO Cameron Peters, who founded the original company in 2010. The desktop product continues to receive investment, and every TaxCycle purchase now includes a free Xero partner account with integration between the two platforms.
TaxFolder is TaxCycle's web-based client portal and e-signature add-on, priced at $349 CAD/user/year standalone or included in the Complete Tax Suite + TaxFolder bundle at $2,954 CAD. It lets clients receive returns via email link, review documents in a browser, and electronically sign the T183 authorization form. TaxFolder supports SMS identity verification and works on desktop browsers and mobile devices. The 2025 license covers use through the end of 2026.
TaxCycle supports batch EFILE through Client Manager, letting firms transmit multiple T1 returns in a single session. Auto-fill My Return (AFR) downloads slip data directly from the CRA using your RepID credentials, handling up to 10 taxpayers per batch request. T2 Auto-fill retrieves corporate (re)assessed returns and notices of assessment by year end. Both features require valid CRA authorization for each client, either through My Account delegation or an AuthRepBus request submitted from within TaxCycle.
The Complete Tax Suite for 3 users costs $3,856 CAD/year (approximately $1,285/user), with additional users at $330 CAD each. A 5-user setup would be $4,516 CAD/year. Adding TaxFolder for e-signatures brings the 3-user price to $4,603 CAD, with additional users at $529 CAD each. Firms that only need T1 and T2 can save with the Tax Basics bundle at $2,580 CAD for 3 users. A 12-month payment plan is available during TaxCycle's annual sale periods.
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