Create a Taxprep Forms File

Personal Taxprep allows you to create a Taxprep Forms client file and copy the appropriate data from Form Identification, Identification and Other Client Information (Jump Code: ID) of a taxpayer, into the Identification form of the new Taxprep Forms client file.

As the preparer of the income tax return of a taxpayer for whom you want, for example, to prepare Form T2057, Election on Disposition of Property by a Taxpayer to a Taxable Canadian Corporation , or T4 slips, Statement of Remuneration Paid for the taxpayer's business, this functionality allows you to save time by preventing you from having to reenter data from the taxpayer's ID form into a new Taxprep Forms client file.

How to create a Taxprep Forms file

1. To create a Taxprep Forms client file from the active return: in the File menu, click the Create Taxprep Forms File command.
   To create a Taxprep Forms client file from the Client Manager, right-click the selected taxpayer or client file and click Create Taxprep Forms File.
   The Create Taxprep Forms File dialog box displays.
2. Select the taxpayer for whom you want to create a Taxprep Forms file.

3. Select the location where you want to save the Taxprep Forms client file.

   Options available when saving

   • Same folder as source client file: Saves the Taxprep Forms client file to the same location as the Personal Taxprep client file. If you want to save all of your client's files to the same location, use this option.
   • Default folder for Taxprep Forms client files: Saves the Taxprep Forms client file to the default location of the Taxprep Forms client files. If you want to save all Taxprep Forms client files to the same location, use this option .
   • Specify a folder: Saves the Taxprep Forms client file to the specified folder. If you want to save the Taxprep Forms client file created from Personal Taxprep to a specific folder, use this option.
4. A Taxprep Forms client file name containing the Personal Taxprep client file name and the name of the taxpayer is prompted by default. However, you can modify the Taxprep Forms client file name if it is not appropriate.
5. Click OK.
   If a Taxprep Forms client file with the same name already exists, you can replace, rename or save it to another folder.
   Then, Taxprep Forms opens the client file created to allow you to continue preparing the required forms or slips.