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Notes

Insuretax has the ability to add notes to any schedule. You also have the option of rolling notes forward into the following year.

Using the notes feature

This is a feature specific to Insuretax. (The Windows note pad is still available from the Tools drop down menu) Notes can be added to any schedule. If adding notes to a schedule with multiple pages and the note is specific to a page we suggest you indicate which page the note is for. Notes can be added /edited with the schedule open or at the Forms list level. Schedules with notes attached will be indicated with a check mark in the notes column on the Forms list.

When performing Roll Forward you will have the option or rolling forward notes into the next year.

  • With schedule open or at the Forms List menu click Notes button or click Notes from the tool bar
  • From the drop down menu click Edit Notes
  • For faster access hitting F6 will brin you directly to the notes feature.
  • The note pad opens with an identifier " Notes for (identifies the schedule you are currently in)"
  • Type NOTE
  • Close note pad. You will be prompted the Save note "Yes" or "No".
  • Use same procedure to edit existing notes.

 

To remove existing notes:

  • Select form with note
  • Click Notes button
  • Select File
  • Select Remove existing note from drop down menu
  • You will be prompted to confirm your action

 

Hint: As the note is attached to a schedule or form, not a specific page, you may want to indicate which page in particular the note pertains to on forms with multiple pages. i.e. If you opened the note pad for AT1 it would be titled: Notes for AT1 - Alberta Corporate Income Tax Return. If your note is specifically for one page you may want to indicate it as so Page 1 - Missing fax number

Printing notes

Notes can be printed on a per form basis or for all forms at one time.

To print notes one at a time:

  • From Forms List click notes on tool bar.
  • Select print notes.
  • For faster access, highlight form with notes you want printed then hit F8.

 

To print notes for all forms at once:

  • Click Prn Notes button or,
  • From Forms List click notes on tool bar.
  • Select Print Cur. Tab Notes.
  • For faster access, hit F9.
  • Prior to printing dialog box appears informing you how many notes there are. You can then choose to print or not.

Calculator

The on line calculator can be used to calculate and enter values in both manual input (black) and calculated fields (red or green).

For manual input (black fields)

  • To calculate the value for a field click on the field
  • To activate the calculator use the F3 button
  • Using your number pad enter calculation
  • When finished hit enter or click the = sign
  • Click on check mark on calculator to enter the calculated amount in the Insuretax field

 

For calculated/Linked (red or green) fields

  • To calculate the value for a field click on the field
  • Press the F4 button this activates override mode
  • To activate the calculator use the F3 button
  • Using your number pad enter calculation
  • When finished hit enter or click the = sign
  • Click on check mark on calculator to enter the calculated amount in the Insuretax field
  • A red bar will appear on the right hand side of the field to indicate the field has been overridden.

Overriding Fields:

There are two ways to override calculated or linked fields.

First

  • Click on the field then press the F4 button, this will activate override mode so you can enter the override amount.
  • After entering the amount, tab to the next field. You will see a red line appear at the right hand side of the field to indicate the field has been overridden.
  • Insuretax strongly recommends that overrides be entered on the lowest level field so all links are updated
  • To remove override and return to the Insuretax calculated value click on the field then press the F4 button
  • The red line on the right hand side will disappear to indicate that the field is no longer overridden

 

Second

  • Double click on the value, enter revised amount then tab to the next field.
  • After entering the override amount a red bar will appear on the right hand side of the field to indicate the field has been overridden.
  • Insuretax strongly recommends that overrides be entered on the lowest level field so all links are updated.
  • To remove override and return to the Insuretax calculated value click on the field then double click.
  • The red line on the right hand side will disappear to indicate that the field is no longer overridden

Corporate Tax Guides

The Corporate tax guides can be viewed on line or printed using normal browser features

The following Corporate tax guides are now available on Insuretax:

  • T2 Corporation Income Tax Guide
  • Country Address Codes
  • T4012 Insert 1 T2 Corporation Income Tax Guide
  • T106 Instructions
  • T7B-CORP Corporation Instalment Guide
  • T1135 Instructions
  • CO-17 Guide - Available in French version only
  • LE 630 Guide (Information Return for the Quebec Enterprise Register)
  • NAICS Codes (2012)
  • Guide to Form T661 (SR&ED)
  • General Index of Financial Information (GIFI)
  • Guide to CO-130.A Quebec CCA
  • Codes for CO-771.R.3

 

To view the guides on line

  • From the tool bar choose tools
  • Click Corporate Income Tax (Guides)

 

This will open the Guide Viewer

  • Double Click on guide you wish to load
  • Click the Instax button in the tool bar to keep the guide open and continue working in Insuretax
  • To close click File / Close or close with X.

 

On Line Manual

Insuretax has an on line manual available. Once the manual is open it can be minimized and kept open to continue using the Insuretax software.

To open the manual:

  • Click the Help button or,
  • Choose Help from the drop down menu.
  • Click Manual, for faster access choose F1
  • Click the minimize icon to keep the manual open and continue working in Insuretax
  • To close click File / Exit or close.

 

 

Drill Down Feature

This feature allows you to see where Insuretax has retrieved numbers from to populate forms. You can also open the source form using the F10 key.

How to use the drill down feature:

  • Click on any red field that is not a calculated cell (e.g. total)
  • A flag will be displayed showing where the number is being accessed.
  • The amount can come from one of three possibilities
  • An OSFI field
  • Another form or a field from the form you are in or
  • Several numbers from other forms
  • If the flag displays an OSFI reference you are already at the lowest level, no further drill down is possible.

 

If the flag displays the source as being a single reference on another form and you want to open the form, Click once on the field so the number is highlighted blue Hit F10 this will open the form and bring you to the field on the form that it is referencing. The field will be highlighted blue to indicate it is the field that is being brought forward. On tables (investment type schedules) the drill down will open the schedule at the top and you will have to tab to see the highlighted cell that is being picked up.

If the flag displays the source as being the combination of several amounts, you can access all forms but you must open them individually.

  • Click once on the field so the number is highlighted blue
  • Hit F10, this will open a dialog box stating: Current Control has multiple Definitions! Please Choose One Only.
  • It will then list the various schedules included in the calculation.
  • Highlight one to open
  • Click OK

 

If you want to see the other reference return to the original schedule. The field will still be highlighted

  • Hit F10 again
  • Now choose other reference
  • If there are more than two references, repeat these steps

 

Opening / Closing Multiple Forms

Insuretax allows you to open multiple forms without using the drill down feature.

Opening Multiple Forms:

  • From the forms list, highlight form then double click to open form.
  • From the tool bar click window.
  • Choose Forms for XXXXXX, this will return you to the forms list.
  • Highlight the form to wish to open (any tab) then double click.
  • Continue these two steps to open as many forms as required.
  • To move from one form to another, you can click on the tabs at the bottom of the screen or click the form from the window drop down box.

 

Closing Multiple Forms:

  • To close one form click the inside X in the top right hand corner
  • To close all forms at once return to the forms list and click the inside X in the top right hand corner. This will return you to the Company List.

 

Detailed Worksheets

This feature allows users to add detailed worksheet calculations to any unprotected fields.

To Create a worksheet for manual input (black fields)

  • Select F11 key, if this is a new worksheet, You will get message "Worksheet for this control does not exist. New one was created"
  • Click OK
  • You must give the worksheet a name
  • Enter unlimited lines in the description and amount columns
  • When completed click close.

The calculated total will now be linked to the field and the cell will be magenta to indicate there is a detailed worksheet attached.

To Create a worksheet for a red (linked) field

  • Select F4 key (this allows field to be overridden)
  • Do the same steps as described above.