Answers to questions we’ve received from TaxCycle preparers about completing new forms and reporting additional information when filing T4 slips.
We have received reports of the CRA rejecting authorization requests for both personal (AuthRep) and business (AuthRepBus).
EFILE AuthRep AuthRepBus CRAThe CRA will be extending the temporary administrative measures currently in place to allow electronic signatures on the T183 and T183CORP, as outlined below, for the 2021 tax filing season.
Learn about changes to TaxCycle, upcoming webinars and what you need to do to get ready for the T1 EFILE opening in February.
videoThe last day to transmit T1 returns and T1 Form T1135 is at 11:00 p.m. on Friday, January 22, 2021 ET.
Several CRA systems will be undergoing annual maintenance from January 22 til February 22. The impacted services include EFILE, ReFILE, T1135, Express NOA, Pre-authorized debit, Auto-fill my return, EFILE online application and transmission web service for authorizing or cancelling a representative.
Ready for filing 2020 slips with the CRA when systems open on January 11, 2021. Preview forms for 2020 T1/TP1 returns. Changes to options and the template editor.
release notes templates slips options profiles options T1 TP1 T2CRA EFILE closes on January 22, 2021 for annual maintenance. The service reopens on February 22, 2021.
EFILE
Get ready to file slips with our three part slips returns webinar series.
webinarsIn this TaxCycle release, T2 and AT1 corporate tax returns are certified to support tax year ends up to May 31, 2021.
release notes T2 AT1 EULAIn version 10.0.41290.0 of TaxCycle T2, a review message incorrectly appears on Schedule 100 warning that total assets is not equal to the total liabilities and shareholder equity.
known issue t2 GIFIEFILE transmission of the T1135 fails in version 10.0.41290.0 of TaxCycle T2 due to an error generating the XML file.
t2 t1135 known issueWe recently updated the TaxCycle and DoxCycle License Agreements.
We've updated our Privacy Policy. These changes were published on December 2, 2020 and come into effect on January 1, 2021.
legal privacyAvailable January 2021! E-signatures and more, from the makers of TaxCycle. Introductory pricing available now for the 2020-21 tax year. Limited to the first 500 firms. Don't miss out!
TaxFolderThis release lets you import GIFI from Sage Accounting into corporate and partnership returns.
release notes Sage GIFI AgriStability GIS T2Choose which columns show and set the order in which they appear. Then, save that layout to use it again. Associate it with a Quick Search to see results in the same way every time and use those same columns in the Excel® export.
VideoIf you need to prepare multiple years of returns, in TaxCycle, you do not have to start with the earliest return and move forward. You can start with the current return and move back if you wish.
VideoThis release rolls over the Forms module to 2020, and updates calculations and templates in other modules.
release notes Forms moduleAmounts 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 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.
In TaxCycle T2, on the Alberta AT1 Schedule 1, the small business deduction rate should be 0.06 effective July 1, 2020.
known issueThis release rolls over the T5013 module to 2020 for early data entry. It also includes other requests and fixes.
release notes carryforward T5013The 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 T2 T3 TP-646 RL NR-4