Amounts in lines 460, 465 and 480 from page 7 of the T2 return are not being submitted to the CRA or included in the T2 barcode printout.
This one-day TaxCycle conference has something for every tax preparer, whether you're new to TaxCycle or an experienced user.
TaxCycle TrainingThis DoxCycle release adds support for creating files linked with 2020 TaxCycle returns.
release notes DoxCycleMany of the enhancements to TaxCycle over the past year were inspired by your suggestions and feedback.
RQ has announced that electronic signatures have been extended until further notice for forms MR-69, TP-1000.TE, CO-1000.TE and TP-64.3
Starting September 8, 2020, you must use a browser other than IE11 when signing in to connect TaxCycle with QuickBoooks® Online.
The CRA will continue to recognize a T183 and T183CORP that contains an electronic signature as having met the signature requirements of the ITA as a temporary administrative measure for the remainder of the filing season.
Video Tax News recently announced the launch of the CEWS 2.0 Estimator. Created in partnership with Punchcard systems and the COVIDcontinuity.com volunteer project.
This release rolls over the T5013 module to 2020 for early data entry. It also includes other requests and fixes.
release notesIn TaxCycle T2, on the Alberta AT1 Schedule 1, the small business deduction rate should be 0.06 effective July 1, 2020.
known issueThe CRA has released a new form for self-identifying as an employer claiming the wage subsidy, the PD27. We will include this form in TaxCycle T4 in an upcoming release.
CRA COVID-19Supports filing T2 and AT1 returns for tax year ends up to October 31, 2020. Includes a preview of 2020 T1/TP1 and rollover of T3/TP-646, NR4 and RL to 2020.
release notes t2Transmission of forms T106, T1134 and T1135 from the latest TaxCycle T2 modules returns the error code 400.
known issueIn versions 9.2.39507 and 9.2.39565, TaxCycle T2 does not claim a net capital loss carryforward on line 332 of the T2 return when there is a taxable capital gain in the current tax year.
known issueTransmitting CO-17 return using clicSÉQUR from TaxCycle version 9.1.38833.0 and above produces error code 13965.
known issue CO-17 clicSÉQURWe have discovered an issue where TaxCycle T2 does not calculate Québec CO-17 Schedule 21 (QC21) when the federal Schedule 21 (T2SCH21) is completed.
known issue t2 CO-17Line 8120 from Schedule 8 in TaxCycle T3 is not transmitted to the Canada Revenue Agency (CRA) when there are no amounts on lines 8110, 8160, 8170, 8180 or 8190.
known issue t3DocuSign® electronic signatures on T1032 and T1255. Changes requested by TaxCycle customers.
release notesThe Canada Revenue Agency (CRA) has investigated EFILE error 92271 and has determined a change made in early May cause certain returns that were previously accepted to now be rejected.
The CRA recently learned that there was an minor error in the calculation of the Nunavut cost of living supplement for single parents.
known issueThe CRA, RQ and the Govt of Alberta have extended some filing deadlines for corporations and trusts to September 1, 2020.
CRA COVID-19Known Issue. CO-17 error code 13965 due to incorrect service version number.
known issueFile returns with tax year ends after December 31, 2018 on paper until TaxCycle T2 updated in Dec. 2020.
CRA AgriStability EFILEEnhanced slips summaries. Guaranteed income supplement (GIS) worksheet. NetFile of adjusted TP1 returns.
release notesWe've launched a new design for our website at www.taxcycle.com. We hope you like it!
The calculation of line 68040 (transfer to spouse) on form T1032 (Joint Election to Split Pension Income) was not accounting for box 109.
known issueAs of April 20, 2020 the Canada Revenu Agency (CRA) will allow the transmission of a return even if it has already been mailed to CRA on paper, as long as it has not yet been processed.
This update adds the electronic signatures for the Québec MR-69 form and resolved issues reported since the prior version.
release notesThis release adds the ability to send documents to your clients for electronic signatures using DocuSign and Adobe Reader.
release notes
Our friends at Video Tax News have published a useful list of links to COVID-19 resources and updates specifically for accounting professionals.