In this webinar, originally broadcast on March 11, 2021, Wolters Kluwer’s Lead Technology Product Manager, Gabriel Tremblay, and Shannon Paret, Solutions Architect, together with Felice Di Pietro, CPA, CMA, Partner at DDL & Co., in St. Catharines, Ontario discuss the CRA requirements for digital signatures, including what has changed from last year. The webinar also covers the benefits of incorporating digital signature capability into your workflow, and how Felice Di Pietro implemented digital signature in his firm for faster, more effective T1 preparation workflow and client service.
New CRA Requirements for Digital Signatures on T183 Forms Workflow Impact
The CRA is implementing new measures to assist with verification of digital signatures, including a mandatory time stamp, as well as a date stamp, for digitally signed T183 forms. The additional manual steps required for each T183 form will have a significant impact on tax preparation workflow if there is no integration between tax compliance software and digital signature technology.
Wolters Kluwer’s tax compliance solutions integrate with CCH iFirm Portal and CCH iFirm Digital Signature to reduce the impact of the new requirements to several seconds per return instead of several minutes.
Shannon Paret, Wolters Kluwer Solutions Architect provides a demonstration of just how fast and seamless this integration is.
DDL & Co. Implemented Digital Signature for the 2019 tax season
Felice Di Pietro, CPA, CMA, and Partner at DDL & Co., says that one of the first benefits of CCH Portal and CCH iFirm Digital Signature implementation was that it provided a standardized means of collecting digital signatures that saved time and reduced confusion, and was very appreciated by staff.
He says: We had started looking at digitizing our entire T1 process, instead of just parts of it, before the pandemic, so we were actually way ahead when COVID-19 hit. Our original goal was to get 20% to 30% of our T1’s completely digital, but the pandemic helped us increase that number to something like 80% to 90%. Some of our clients could hardly believe how easy it was, and it seems doubtful that we (or they) would ever go back!
Using digital signatures has been a real time-saver for us, giving us more time to do the value-added work that really helps our clients and enhances our service levels.
As far as the new date and time stamp requirements go, I can’t imagine having to do that manually – the integration will eliminate a very time-consuming and tedious process for us.