publication date: May 19, 2012
Did you know that there are several options for filing your
annual T-3010 information return? Philippe
of the Canada Revenue Agency
outlines four choices:
The fillable and saveable form available on
The paper return CRA sends you automatically;
The services of a tax preparer or accountant; or
Commercially available software (customized
T3010-1 form). In addition to well-defined fields for text and numbers, Brideau
explains, a customized T3010-1 form may contain extra features such as line
annotations with links to the guide, different error warnings, 2D bar-code
generation of the completed return, some auto-fill functions, and automatic sum
functions for line totals.
Customized T3010-1 forms are only available from authorized producers.
Software producers are required to prepare test returns using test data or
conditions provided by the CRA. These T3010-1 form test samples are submitted to
the CRA electronically or by hard copy.The CRA evaluates the customized form to
ensure that it complies with the specifications and assigns an approval code.
That approval is valid until CRA revises its version of the
form. At that point, the software producer must submit a new customized form
with the revisions or changes to get a new approval code.