TaxCycle is incorrectly calculating the amount on line 160 in Section 10 of the T2 Schedule 63.
known issue T2 T2 Schedule 63The CRA and RQ have certified TaxCycle T1/TP1, T3 and T5013/TP-600 for filing 2023 returns when EFILE systems open on Monday, February 19, 2024.
release notes T1 TP1 EFILE NetFile T3 T5013 T2 T2 Schedule 63 T2SCH63 Climate Action IncentiveYou can use a Web Access Code (WAC) to file a T2 return until you pass your suitability screening.
EFILE WAC T2This major TaxCycle release is ready for filing 2023 slips when systems open on January 8, 2024. This version also extends the filing of Québec CO-17 returns with updated forms for 2023 and 2024.
release notes T1 TP1 T2 CO-17 slips T3010 templatesThis release extends the supported corporate tax year ends for T2 and AT1 returns up to May 31, 2024 and rolls over the Forms module to 2023.
release notes Forms module T2We are aware of an issue where the Canada Revenue Agency (CRA) is rejecting the T2054 due to a missing or outdated form version number in TaxCycle T2.
known issue T2 T2054We have received reports that TaxCycle is returning an exception error when attempting to convert a T2 return to the latest module.
known issue T2T1135 EFILE transmissions may fail with the error message: “Unsupported currency: JP”
known issue T2 T1135This certified release of TaxCycle T2 and AT1 extends the supported corporate tax year ends up to October 31, 2023. It also updates the T5013 and T3010 modules for 2023.
release notes T2 AT1 T3010 T5013 UHT-2900 Underused Housing TaxWhen attempting to download data from the T2 Auto-fill using TaxCycle version 12.1.50435.0, you may see the following error: INVALID SP ID (202).
known issue T2When you enter a trade-in allowance on the S8Asset, TaxCycle incorrectly reduces the class 10.1 capital cost by the amount of the trade in.
known issue T2 CCARevenu Québec has approved TaxCycle T2 to support the filing of Québec CO-17 returns with new and updated forms.
release notes CO-17 T2Ready for filing 2022 slips with the CRA when systems open on January 9, 2023. T3010/TP-985.22 and T5013/TP-600 returns also ready for filing.
release notes slips RL T2 T3 T5013Transmission failure when attempting to transmit supporting documents via T2 T1134 and T106 FRRMS Submit e-Documents.
known issue T2 T1134 T106Extends the supported corporate tax year ends for T2 and AT1 returns up to May 31, 2022. Automatic calculation of immediate expensing of CCA.
release notes T2 CO-17 AT1 CCA immediate expensing T2125 Xero .NETStarting October 17, 2022, the Canada Revenue Agency (CRA) process for authorizing a new representative for business accounts will include an additional step.
CRA EFILE T2This version of TaxCycle T2 includes the CRA’s new version of Schedule 8 and transmits the table in Part 1 and question 105 to the CRA when you file the return.
release notes T2 TaxCycle carryforwardThis release is the first version that includes immediate expensing in TaxCycle T2.
release notes T2 T1 Immediate ExpensingThis update resolves issues found since the previous release.
release notes T2This release changes the functions used to request e-signatures in templates and resolves other issues found since the previous release.
release notes T2 templatesNew module to support filing T2 and AT1 returns for tax year ends up to October 31, 2022. It also adds the 2022 module for TaxCycle T5013.
release notes T2 T5013 T3010We have discovered an issue in TaxCycle T2 version 11.0.45396.0 where the bulletin message "Calculations have changed since..." displays for no apparent reason.
known issue T2This release includes a preview of the integration with Xero® accounting software, new T2 AgriStability codes and new T3 worksheets.
release notes T2 T3 Client Manager xeroThis release includes a new field required by the CRA for the repayment of federal COVID-19 benefits, Client Manager indexing enhancements, the implementation of customers requests and resolved issues.
release notes T2 Client Manager COVID-19Issue on Schedule 31 in TaxCycle T2 where the amount in the field next to line 240 in Part 5 is calculating as zero.
known issue T2Supports filing T2 and AT1 returns for tax year ends up to October 31, 2021.
release notes T2In version 10.2.43455.0 (released May 31, 2021), the buttons are missing from the Data menu in the latest module of TaxCycle T2.
known issue T2As of May 15, 2021, the CRA will no longer collect annual information returns (S546, S547 and S548 and form RC232) on behalf of the Ontario Ministry of Government and Consumer Services.
T2 T3010 Ontario