Updates & Releases
Track recent releases, database updates, current capabilities, and our future roadmap.
TaxBasis AI is currently in active pilot mode. Research query responses are limited to Canadian and US federal income tax acts, bilateral tax treaties, administrative publications, and CRA/IRS folios. Visual org charts and technical memo drafters support standard Canadian restructuring scenarios.
Release History
Word Memos & PowerPoint Org Charts
Released client-ready technical tax memo exports in Microsoft Word and automated visual org chart exports in Microsoft PowerPoint.
- Generate standard technical memo layouts (Subject, Executive Summary, Facts, Analysis, Conclusion) and download as structured Word documents.
- Export visual legal entity org charts directly to PowerPoint slides for direct editing and delivery.
- Added granular ownership and related-party transaction rules parser.
US Income Tax Code & Bilateral Treaties Ingestion
Broadened database indexing to cover both Canadian and United States federal tax legislation.
- Full-text search and citation mapping of the US Internal Revenue Code (IRC).
- Ingestion of Canada-US and other bilateral tax treaties for cross-border residency analysis.
- CRA Folio updates and IRS administrative rulings synchronizer.
TaxBasis AI Pilot Launch
Initial launch of the conversational tax research portal for Canadian CPAs and advisors.
- Advanced reasoning model integration for deep interpretation of the Canadian Income Tax Act.
- Structured reference citation mapping for query transparency.
- Isolated sandbox session architecture to protect sensitive client data.
Roadmap & Future Direction
Our roadmap guides development towards automating the compliance work associated with tax law. Key milestones include:
- Global Jurisdictions: Expanding search index indexing to cover UK, EU, and Asian tax legislation.
- Automated Tax Compliance Preparation: Ingesting raw financial spreadsheets to automatically construct T1/T2, IRS 1040/1120 schedules, and corporate tax returns.
- Multi-Agent Collaborative Workflows: Collaborative AI agents representing different specialties (audit defense, international tax, estate planning) auditing your scenarios.