CoCounsel Tax Canada

Fiduciary-Grade AI™ purpose-built for how tax professionals work

Capabilities

Accelerate tax research, analysis, and drafting

CoCounsel Tax Canada is grounded in Taxnet Pro, our authoritative content for Canadian tax research that includes legislation, regulations, government guidance, and expert commentary. From a single query, it researches, analyzes, and drafts — showing its reasoning and delivering cited work product you can review, verify, and stand behind.

AI prompt window "Ask CoCounsel"

Transparent reasoning at every step

Ask CoCounsel your question and it explains its approach — which Taxnet Pro sources it consulted, what analysis it performed, and how it reached its conclusion. You can inspect the reasoning from start to finish.

Research built on real authority

Get answers that cite directly back to legislation, government guidance, and expert commentary with Taxnet Pro — where every conclusion is one you can defend.

Search results screenshot example: Searching Taxnet Pro for restricted farm loss definition and ITA rules
Sample document - Tax-deferred transfer of business assets to a coporation

From prompt to polished work product

Turn a single request into summaries, analyses, and draft deliverables grounded in Taxnet Pro with linked citations for verification. Spend less time starting from scratch and more time applying judgment, refining strategy, and serving clients.

Features in CoCounsel Tax Canada

Explore the core capabilities designed to help Canadian tax professionals work faster, analyze more thoroughly, and deliver results with greater confidence.

AI prompt chat window example "What is restricted farm loss?"

Conversations

Ask tax research questions in plain language and get answers grounded in Taxnet Pro with full citations and transparent reasoning. Follow-up questions are tailored to Canadian tax, so you can go deeper without leaving the conversation.

Screenshot of the Template Library: A list of templates that you can search and filter

Templates

Standardize recurring work with firm-ready templates grounded in Canadian tax authority. Generate consistent first drafts across teams and help junior staff follow guided steps backed by Taxnet Pro.

Knowledge Base screenshot: A list of folders including My Documents and Company Documents

Knowledge Base

Upload your engagement documents directly to CoCounsel and analyze them alongside Taxnet Pro content. Surface key facts and risks and pull insights into your workpapers.

Security

Enterprise-grade security you can rely on

Your data stays yours

Customer data remains under your firm's control and is never used to train third-party AI models, helping you maintain trust, oversight, and confidence.

A trusted foundation for professional firms

Enterprise-grade security, permissions, governance, and review controls help firms scale AI adoption securely while maintaining consistency across engagements.

Frequently asked questions

What is CoCounsel Tax Canada?

CoCounsel Tax Canada is the Thomson Reuters Fiduciary-Grade AI platform designed for Canadian tax professionals. Built on Taxnet Pro, our authoritative Canadian tax research content, it helps you research complex tax questions, analyze engagement documents, and generate drafts and templates with transparent, verifiable, cited results.

How does CoCounsel Tax Canada help with tax research?

CoCounsel Tax Canada helps you research complex tax questions using AI-generated responses grounded exclusively in Taxnet Pro, including legislation, regulations, government guidance, and expert commentary. It explains its approach, and citations to Taxnet Pro make it easier to validate conclusions and understand the rationale behind each answer.

Can CoCounsel Tax Canada analyze client documents?

Yes. You can upload engagement documents directly to the CoCounsel Knowledge Base, then surface key facts and risks and aggregate data into your workpapers.

Is CoCounsel Tax Canada secure enough for client tax data?

Yes. We've built CoCounsel Tax Canada with enterprise-grade security, permissions, and governance controls designed for tax workflows. Your client data stays in our secure environment and we never use it to train third-party models. Citations and audit trails let your team review AI-assisted work before it reaches a client.

What makes CoCounsel Tax Canada different from a general AI tool?

Unlike general-purpose AI tools, CoCounsel Tax Canada is purpose-built for Canadian tax professionals and grounded exclusively in Taxnet Pro, with expert-curated content, so every answer comes with citations you can verify, not just plausible-sounding text. It also goes beyond answers to generate analyses, drafts, and templates, all within one platform.

Questions about CoCounsel Tax Canada? We're here to support you.

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