News

Known Issue: Incorrect ACDE and ACOGPE Rates on AT1 Schedule 15

TaxCycle T2 is incorrectly applying the pre-2024 rates of 15% for ACDE and 5% for ACOGPE on the AT1 Schedule 15.

known issue AT1

TaxCycle 14.2.56699.0—T2 and AT1 Certification

This certified release of TaxCycle T2 and AT1 extends the supported corporate tax year ends up to October 31, 2025.

release notes T2 AT1 templates

Alberta AT1 Returns: Most Common Oversights

To ensure a smooth AT1 filing experience, do not overlook these common oversights.

Alberta AT1

RESOLVED: Miscalculation of Alberta Provincial Portion of PPA

We are aware of an issue where TaxCycle T2 may be miscalculating Alberta's provincial portion of PPA in the S32WS when the AT1 S29 is completed.

known issue T2 AT1

TaxCycle 14.0.55100.0—Major T2/AT1 Update, Capital Gains Inclusion Rate Increase (Retracted)

***To conform with the CRA's expectations for the draft T2 Schedule 6, we have retracted the full installer for TaxCycle version 14.0.55100.0.*** This release extends the tax year ends for T2 and AT1 returns up to May 31, 2025.

release notes T2 AT1 capital gains inclusion rate

RESOLVED: Non-Capital Loss Not Being Claimed in AT1 Schedule 21, Line 041

The latest version of TaxCycle is not automatically applying the non-capital loss against Alberta income on line 041 of the AS21 when there is an unused AT1 non-capital loss carryforward.

known issue T2 AT1

TaxCycle 13.2.53500.0—T2 and AT1 (Revised)

This certified release of TaxCycle T2 and AT1 extends the supported corporate tax year ends up to October 31, 2024. It also updates the CO-1029.8.36.II and CO-1029.8.36.IK to include changes from Québec’s mini budget from November 7, 2023.

release notes T2 AT1 CO-17