tax software
Sometimes small buisnees is exactly that - a small business without the need for a robust accounting software, but with the requirement for annual online tax filing ability. Effective 2024 all Canadian corporations, with very few execptions, are required to file their corporate tax online.
My understanding is Xero offers this option to UK Accountants & Partners only - not to small businesses.
I suggest this option be made available to the small business that make up most of the country's enterprises. The Canadian government has decreed the online filing method is required from 2024. There are many accounitng programs, all will be requiired accommodate their clients in some way.
Xero already has a CRA approved platform - TaxCycle T2 (it appeares Sage does not, but QuickBooks does)
My phone call with Xero Customer Service indicated this program was not avaiable in Canada, so I',m not sure whether it is unavialable to all, or just unavialable to the less robust versions.
Below is the link to the CRA approves tax software
Annie MacGregor
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