63% more T1 returns were e-filed by tax practitioners using the company’s CCH iFirm Tax solution than prior tax year
Wolters Kluwer Tax & Accounting (TAA) Canada, today reported a significant increase in the number of tax returns electronically filed by practitioners using the CCH iFirm® Tax solution, the only cloud-based tax compliance solution available in Canada. “The increased adoption of our browser-based tax solution reflects a broader shift towards cloud technology usage in the accounting industry,” noted Dean Sonderegger, Senior Vice President and General Manager for Wolters Kluwer Tax & Accounting Canada.
In the 2022 tax-filing season, Wolters Kluwer TAA reported an increase of 63% in the number of T1 returns e-filed by tax practitioners using CCH iFirm Tax, compared to the previous year. This increase in filings continues a trend started in the pandemic. In 2022, 50% of tax firms expressed they were more enthusiastic about cloud-based technology, and 71% of medium to large firms expressed they were more comfortable with the technological shift toward the cloud than they were in previous tax seasons, according to the 2022 Wolters Kluwer Tax Season Report.