myTaxExpress and T2Express FAQs

ID #1336

Issue T3 slip/summary with T3Express

~ 0 min

n/a

2024-03-03 07:47

We have released a new functionality in the latest T3Express release: the ability to issue T3 slips/summaries and generate XML files for CRA Internet file transfer. Below is a detailed, step-by-step guide on how to utilize this feature with your T3 return.

Step 1: Add a blank T3 slip

Navigate to the "Issuing_Tax_Slip" menu within your T3 return and choose "New T3 Slip" option. This will add a blank T3 slip form to the "Issuing Tax Slips" section, which can be found in the left-hand navigation area. Additionally, a "Filing-Info (Transmitter)" form will automatically be added upon the creation of your first T3 slip.

Step 2: Complete T3 slips

You can issue each T3 slip to either an individual or a corporation. Be sure to provide all necessary details about the recipient, including their name, SIN/BN, email address, and physical address. Don't skip those fields as they are required.

After entering this information, proceed to fill in the applicable boxes with the appropriate amounts. Add more T3 slips if needed.

Step 3: Fill out the Filing-info (Transmitter) form

It's crucial to complete this mandatory form by providing all requested information. However, if you do not yet have a transmitter number, you may leave that field blank for now.

Step 4: Generate T3 slip/summary PDF files and XML file

Set up your docsign.ca preference in the software first if you haven't done so. An Internet connection is required for this function.

After completing all T3 slips, navigate back to the "Issuing_Tax_Slip" menu and select the "T3 XML Filing" option. If this is your first time requesting this service for this specific return, you will be prompted to confirm that 400 points will be deducted from your docsign account.

Click "Yes" to proceed. Please note that it may take a few moments for the software to process your request.

Upon successful completion, a message will appear containing an access code and a download link. Click the download link, and your default web browser will open to the download page. Enter the access code and click "Go" to download a zip file containing PDF versions of your T3 slips and summary, as well as an XML file for electronic filing. Alternatively, you can copy and paste the download link to the address bar of a web browser to download.

Double-click the downloaded zip file to extract its contents. you will find PDF versions of your T3 slips/T3SUM, which can be distributed as needed, as well as an XML file that is prepared for electronic filing with the Canada Revenue Agency (CRA) via Internet file transfer. Be sure to review the CRA's Internet file transfer instructions before proceeding.

If you encounter an error message indicating that the operation failed due to missing or incorrect fields, carefully review the recipient fields and the Filing-info (Transmitter) form to ensure that all information has been entered correctly. Once you've made any necessary corrections, try generating the T3 slip/summary and XML file again.