This TaxCycle release contains enhancements to support the lastest TaxFolder update. It also includes recent updates to T1/TP1, T5013 and recent customer requests. Install this version now to use TaxFolder, or if you need a change included in this release.
To install this version immediately, download the full installer from our website or request a free trial. Once we enable the automatic update for this version, TaxCycle will prompt you to install it according to the priority set in your TaxCycle Options. (To deploy auto-update files from your network, see the Auto-Update Files page.)
The following changes support enhancements from the latest TaxFolder update.
This release adds the new Schedule 63 for the Return of Fuel Charge Proceeds to Farmers Tax Credit. The CRA requires you to transmit the T5013FIN return electronically and paper-file S63. The February 2023 TaxCycle release will include Schedule 63 in the T5013FIN return transmission.