This version of TaxCycle T2 includes the CRA’s new version of Schedule 8 and transmits the table in Part 1 and question 105 to the CRA when you file the return.
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.)
We originally released version 11.2.48358.0 on October 17, 2022, with the changes below. On October 20, 2022, we released version 11.2.48375.0 to resolve the following issue:
This version of TaxCycle T2 includes the CRA’s new version of Schedule 8, released on July 28, 2022. The updated S8 includes the new Part 1 table and question 105, and both of these are now transmitted to the CRA when you file the return.
To learn how to claim immediate expensing in T2 returns, see the instructions in the T2 Immediate Expensing help topic.
This version of TaxCycle also adds the conversion of 2022 files from the latest Taxprep® products:
These are in addition to those listed on the Carry Forward Prior Year Returns help topic.