Known Issue: Capital Gains Reserves on T3 S2 Not Flowing to Box 30 on T3 Slips

We are aware of an issue where capital gains reserves reported on T3 Schedule 2 for qualified small business corporation shares (QSBCS) and qualified farm or fishing property (QFFP) are not correctly flowing to box 30 on T3 slips.

This issue only impacts amounts reported on S2. The QSBCS or QFFP amounts entered on Schedule 1 flow to box 30 correctly.

Workarounds

If you have affected amounts on S2, you can use either of the following workarounds to populate box 30 on T3 slips:

• Manually override the amount in box 30 on the T3Ben.
  
• Or, enable manual entry for box 30:
1. Open the Beneficiary allocation worksheet.
2. Select “5. Manually allocate each type of income directly on the T3Ben” from the Income other than capital gains dropdown list.
   
3. Enter the applicable amounts in box 30 on the T3Ben.

Anticipated Resolution

We will resolve this issue in the next TaxCycle update.