Estate and trust

  • 1.  CCH IFirm Taxprep T1 what do you think about this tax software ?

    Posted 10-11-2025 16:01
    Edited by Claire Bougie 21 days ago

     CCH IFirm Tax Prep T1 T3 is good but I must persevere in setting it up properly.  

    1) T1 Taxprep does  calculate interest and penalties fed and prov on the interest form that is included with the software.

    2) I tried changing the first page of the portal with a picture but it is better to just add information .

    3) Hoping the videos, documentation, ehub on the products will be more detailled eventually.  

     
    ------------------------------
    Claire Bougie
    ------------------------------



  • 2.  RE: CCH IFirm Taxprep T1 what do you think about this tax software ?
    Best Answer

    Posted 10-11-2025 16:36
    Edited by Claire Bougie 10-15-2025 15:14

    The calculation of interest and penalties for a T1 return is not dependent on whether or not you are using the Forms module. The calculation is done on the form "Interest" and the calculation default can be modified in the Preparer Profile for the T1 module. 

    Here is a link to a Knowledge Base article about calculating interest and penalties https://support.cch.com/oss/canada/kb/solution/000288462?language=en

    I am sorry to hear that you are disappointed in the products. Have you tried using the Knowledge Base to look for answers to your questions? Note that a great deal of effect has gone into the development of the tax content (which is the same as the desktop Taxprep program) as well as the features. Many features have been added since the product's introduction in response to requests from clients and several of the national firms switched from using Taxprep on premises to using CCH iFirm Taxprep (ie. the cloud version) because of the benefits it provided them. 



    ------------------------------
    Maureen Vance
    ------------------------------



  • 3.  RE: CCH IFirm Taxprep T1 what do you think about this tax software ?

    Posted 29 days ago

    Hi Maureen Anne,

    The link above on interest does not give complete  information on how to set up the interest.

    Regards,

    Claire



    ------------------------------
    Claire Bougie
    ------------------------------



  • 4.  RE: CCH IFirm Taxprep T1 what do you think about this tax software ?

    Posted 22 days ago

    Hi Claire,

    I have been using this product now for a few years, her personal and family taxes as well as so friends.  I use tax prep in the office. 
    The product works okay, but must be set up properly to begin with in the firm and prepare Profile. it's by no means TaxPrep, but it is very convenient as a cloud base tax preparation software. The product is a bit clunky and the support not always the best, but it will do if you have a small firm and do the set up properly.  I do agree with the other commentators. I'm check the knowledge based articles.

    Regards,

    Terry-Ann De Souza, CPA

    Toronto, ON



    ------------------------------
    Terry-Ann C De Souza
    Terry-Ann De Souza, CPA
    ------------------------------