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Thomson Moves Into Canadian Tax Market
The Tax & Accounting business of Thomson Reuters has acquired Dr Tax, a Canadian company that makes income tax preparation software for accounting firms and consumers. Terms were not disclosed. Thomson says the Canadian company markets DT Max, a line of tax compliance software that is used by more than 3,000 Canadian firms. It also has the UFile and Impôt Expert consumer tax line sthat are sold through retail outlets.
Dr Tax has offerings similar to major tax preparation lines in the United States including DT Form ScanDoc, which can scan client documents and convert them to PDFs and a forms product called DT FormMax.Like its counterparts in the United States, the company is also offering mobile products. Early in 2011, Dr Tax introduced the Rate Pro iPhone app for calculating marginal tax rates and compare provincial tax rates for 2010.
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