With this agreement, H&R Block retains exclusive marketing rights in Canada for an H&R Block-branded version of Initax.
Inisoft will continue to develop, maintain and host the H&R Block-branded version of Initax using its proprietary Iniforms and Inirender platforms.
Using Inisoft technology, H&R Block will provide online tax return capability for all Canadians, regardless of province, as well as for Canadians who reside abroad. Additionally, H&R Block will work with Inisoft to provide a proprietary electronic filing solution to taxpayers that wish to file their returns electronically and do not have a Web Access Code.
“With Initax, H&R Block now offers taxpayers the ability to compute and electronically file their taxes online from any Internet enabled computer with total compatibility with Canada Customs and Revenue Agency’s NETFILE program,” said Eric H. “Rick” Winston, president and chief executive officer of Inisoft Corporation.
H&R Block Canada, Inc. is a wholly owned subsidiary of H&R Block, Inc., a diversified company with subsidiaries providing financial products and services. Inisoft Corporation is a Toronto-based Internet solutions group with a specialized focus on the development of enterprise level data collection and document distribution systems.