The CRA is erroneously charging some bare trusts a penalty for late filing T3 Schedule 15 after March 30 and before April 3, 2024.
T3 CRAIn TaxCycle T3, the allocation to beneficiaries is incorrectly including foreign capital gains in box 25 (Foreign non-business income) when it is already included in box 21.
known issue T3This version of TaxCycle allows the transmission of multiple jurisdiction returns in TaxCycle T1 2023.
release notes T1 T3 UHT-2900This release rolls over T4/T4A, T5, T5018, T2202 and NR4 slips to 2024.
release notes slips T1 T3 T4 UHT-2900 client managerThe CRA has updated their guidance on penalty relief for 2023 T3 bare trust returns.
CRA T3 Bare TrustsThe 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 IncentiveThis release adds Schedule 15, Beneficial Ownership Information of a Trust to TaxCycle T3. It also includes changes to templates and Client Manager indexing.
release notes T3 client managerThis TaxCycle release rolls over the T3 module to the 2023 tax year.
release notes T3The CRA has certified TaxCycle T1 for filing 2022 returns when EFILE systems open on Monday, February 20, 2023. This version also includes TaxFolder and DocuSign® requests from TaxCycle.
release notes T1 T3 EFILE TaxFolder UHT-2900 Underused Housing TaxPaper-filing of 2022 T1/TP1 returns. T3 EFILE for T3ATH-IND, T3M and T3S returns. Immediate expensing calculations to T5013 returns.
release notes T3 T1 TP1 T5013 Immediate Expensing templatesReady 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 T5013TaxCycle T3 does not populate the document control number (DCN) in Part D when printing the T183TRUST form.
known issue T3 T183The Canada Revenue Agency (CRA) has certified TaxCycle T3 for electronic filing T3RET, T3RCA returns and T1135 statements.
release notes T3 T1 templatesEFILE of a T3RET currently fails with errors if you indicate that itis the trust’s first year filing a return. A copy of the trust document or will, and a list of assets at death, were attached with the T3APP.
known issue T3 EFILEWe asked the CRA for clarification on whether to mail the documents to the CRA, upload them in Represent a Client, or keep them in case the CRA asks to see them.
T3 EFILEThe CRA T3 EFILE system is now open! Please update to the latest version to begin filing T3RET and T3RCA returns.
T3 EFILELegislation still pending: changes filing requirements for certain trusts in 2021 and subsequent years.
T3 trust CRAThis 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 xeroIn version 10.2.43808.0, T3 Schedule 11 may miscalculate the tax owing. This issue only affects 2021 T3 returns.
known issue T3