News

RESOLVED: Fuel Charge Credit for Farmers Eliminated for 2025 (T2 Schedule 63)

The federal government made an announcement to cease the application of the federal fuel charge, effective April 1, 2025.

T2 T2 Schedule 63 T2SCH63

TaxCycle 14.0.55440.0—CO-17 Forms

This release extends the filing of Québec CO-17 returns with updated forms for 2024 and 2025.

release notes CO-17 T2 CCA T2 Schedule 63

RESOLVED: T2 Schedule 63 Payment Rates for 2024

As of today's date, the Minister of Finance has not announced the 2024 payment rates for T2 Schedule 63, Return of Fuel Charge Proceeds to Farmers Tax Credit.

T2 T2 Schedule 63 T2SCH63

RESOLVED: Incorrect Amount on line 160, Part 10 of T2 Schedule 63

TaxCycle is incorrectly calculating the amount on line 160 in Section 10 of the T2 Schedule 63.

known issue T2 T2 Schedule 63

TaxCycle 13.1.52339.0—T1 EFILE, T3 and T5013 Certification

The 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 Incentive