TaxCycle 13.0.52160.0—T1/TP1 Paper Filing
This version of TaxCycle includes the 2023 forms for T1/TP1.
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.)
Release Highlights
T1/TP1 2023 Ready for Paper Filing
This release updates the T1 federal and provincial schedules, as well as many other forms, to the latest versions available from the Canada Revenue Agency (CRA). It also updates the TP1 jacket and all schedules to the latest versions available from Revenu Québec.
With this release, we have removed the Preview watermark from most forms to allow you to mail any returns to the CRA or Revenu Québec that are ready and which you do not want to or cannot yet transmit through EFILE. Certifications for EFILE, NetFile Québec and Auto-fill my return (AFR) are also ongoing and will be included in a future release.
The following forms still show the Preview watermark due to ongoing work:
- T2203, Provincial and Territorial Taxes for Multiple Jurisdictions and provincial 428MJ forms.
- TP-22, Income Tax Payable by an Individual Who Carries on a Business in Canada, Outside Québec
- TP-25, Income Tax Payable by an Individual Resident in Canada, Outside Québec, Who Carries on a Business in Québec
- T2038, Investment Tax Credit (Individuals)
- T2043, Return of Fuel Charge Proceeds to Farmers Tax Credit
- T1206, Tax on Split Income
- T657, Calculation of Capital Gains Deduction
- TP-726.7, Capital Gains Deduction on Qualified Property
- TP-1029.8.66.2, Tax Credit for the Treatment of Infertility
For more information, see the T1 Paper Filing (T1 Condensed) help topic.
Other Updates
- T1 and T3—Updated the annual and monthly exchange rates for applicable currencies (GPB, EUR, USD) to align with the latest Bank of Canada tax rates.
- T1—Updated the provincial travel rates for the T1M form based on the CRA’s latest meal and vehicle rates used to calculate travel expenses for 2023.
- T4—Changed the severity level of the review message for box 45 (Employer-offered dental benefits) to a caution warning instead of a critical message for those who have made all reasonable efforts in accordance with Health Canada’s administrative policy to comply with the reporting requirements and choose not to complete the box.
Resolved Issues
Status of File Carryforwards from 2022 to 2023
As of this release, all 2022 to 2023 carryforwards are up to date. This includes:
- T1/TP1—TaxCycle, ProFile®, Taxprep®, Cantax®, DT Max®
- T2/CO-17—Carryforwards from TaxCycle, ProFile®, Taxprep®, Cantax®, DT Max®, creating files with year ends up until May 31, 2024.
- T3/TP-646, RL-16—TaxCycle, ProFile®, Taxprep®, Cantax®, DT Max®
- T4, T4A, RL-1/RL-2—TaxCycle, ProFile®, Taxprep®, Cantax®
- T4PS—TaxCycle, ProFile®, Taxprep®, Cantax®
- T4A-RCA—TaxCycle, ProFile®
- T5, RL-3—TaxCycle, ProFile®, Taxprep®, Cantax®
- T2202—ProFile®, Taxprep®
- T5013/TP-600, RL-15—TaxCycle, ProFile®, Taxprep®, Cantax®
- T5018—TaxCycle, ProFile®, Taxprep®, Cantax®
- T3010/TP-985.22—TaxCycle, ProFile®, Taxprep®, Cantax®
- NR4—TaxCycle, ProFile®, Taxprep®, Cantax®
- Forms—TaxCycle, ProFile®, Taxprep®, Cantax®
- RL—TaxCycle, ProFile®, Taxprep®, Cantax®
Status of 2023 Federal Returns and Slips
- T1—You may begin data entry. EFILE opens on February 19, 2024.
- T2—Certified to file tax year ends up to May 31, 2024.
- T3RET—You may begin data entry. EFILE opens on February 19, 2024.
- T3 slips—In progress. Wait to file 2023 returns.
- NR4 (in T3 module)—Ready for filing.
- T4—Ready for filing.
- T4A—Ready for filing.
- T4PS—Ready for filing.
- T4A-RCA—Ready for filing.
- T5—Ready for filing.
- T5013-FIN—In progress. Wait to file 2023 returns.
- T5013 slip summary—In progress. Wait to file 2023 returns.
- T5018—Ready for filing.
- NR4 slips (standalone NR4 module)—Ready for filing.
- T4A-NR slips (in NR4 module)—Ready for filing.
- T3010—Ready for filing.
Status of 2023 Québec Returns and Relevés
- TP1—You may begin data entry. NetFile opens on February 19, 2024.
- TP-646—In progress. Wait to file 2023 returns.
- RL-16—In progress. Wait to file 2023 returns.
- TP-600—In progress. Wait to file 2023 returns.
- RL-15—In progress. Wait to file 2023 returns.
- RL-1—Ready for filing.
- RL-2—Ready for filing.
- RL-3—Ready for filing.
- RL-24—Ready for filing.
- RL-31—Ready for filing.
- TP-985.22—Ready for filing.
