TaxCycle 9.1.38552.0—Electronic Signatures
This release adds the ability to send documents to your clients for electronic signature using DocuSign® and Adobe® Reader. It also adjusts instalment and payment due dates to align with federal and provincial COVID-19 economic response.
Get this version as an automatic update, a full download from our website or a free trial. (To deploy auto-update files from your network, see the Auto-update files page.)
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Auto-Update to Version 9.1.38499.0
On April 2, 2020, we released version 9.1.38499.0 as a full download only. With the release of the automatic update, we:
- Made adjustments to the DocuSign® integration based on feedback received since the initial release.
- Updated the filing due date for corporate tax returns to June 1, 2020, for corporations eligible for the COVID-19 date extension.
New! DocuSign® Electronic Signatures
As a temporary measure until August 31, 2020, the Canada Revenue Agency (CRA) and Revenu Québec will recognize electronic signatures as having met the signature requirements on the T183, T183CORP, TP-1000 and CO-1000. The CRA already recognizes electronic signatures on the AuthRep (former T1013) and business consent forms (former RC-59). For your convenience, TaxCycle also supports electronic signatures on other forms, not because CRA requires a signature. This release adds support for sending electronic signatures from TaxCycle through DocuSign® and Adobe® Reader (see below).
Save 20% when you purchase a DocuSign® annual plan before May 31, 2020 through this page.
To send a document for electronic signature from TaxCycle:
- Sign up for an account with DocuSign.ca. They offer a 30-day free trial. After, you must sign up for a paid plan.
- Make sure to enter the client's or signing officer’s first name, last name and email address on the Info worksheet.
- When printing a form or print set, configure PDF output options, choosing DocuSign® from the Email field and selecting a Message template.
- We strongly recommend choosing to hide the first five digits of the SIN or BN when requesting signatures on the T183. (This is the standard CRA follows.)
- Connect to your DocuSign® account.
- Generate the PDF to send the document to DocuSign®. At this point, DocuSign® takes over until the client signs the document.
- TaxCycle checks regularly for signed documents and when it receives confirmation, updates the workflow status, Transmit sidebar and file history.
To see how DocuSign® works from TaxCycle, watch this webinar. Read the Electronic Signatures with DocuSign® help topic for step-by-step instructions.
TaxCycle currently supports DocuSign® signatures on the following forms and templates:
- AuthRep signature page (formerly T1013)
- T183 Information Return for Electronic Filing of an Individual's Income Tax and Benefit Return in 2019 T1 (both the filing and PAD signature fields)
- TP-1000 Online Filing of the Personal Income Tax return by an Accredited Person (Québec)
- T1135 Foreign Income Verification Statement
- T2091 Designation of a Property as a Principal Residence by an Individual
- Engagement letter (ELetter)
Latest T2 module:
- RC59TransmissionConsent signature page
- RC59XCancel Cancel Business Consent or Delegate Authority
- T183 (CORP) Information Return for Corporations Filing Electronically in the latest T2
- CO-1000 Online Filing of the Corporation Income Tax Return by an Accredited Person (Québec)
- T106 Information Return of Non-Arm's Length Transactions with Non-Residents
- T1134 Information Return Relating To Controlled and Not-Controlled Foreign Affiliates
- T1135 Foreign Income Verification Statement
- Engagement Letter (ELetter)
Note: We plan to add support for additional forms and 2018 templates in a subsequent release.
Signatures in Adobe® Reader
If you prefer a free option for sending PDF files for signature, you can email a PDF to your client. Your client signs the PDF in Adobe Reader and sends it back to you.
TaxCycle has supported this type of electronic signature for several years through its PDF email feature. This free solution does not allow you to download signed documents directly from links in TaxCycle and TaxCycle will not automatically track the status of documents sent for signature. You must manually update those tasks.
See the Signatures in Adobe® Reader help topic for instructions.
COVID-19 Due Dates
We made the following updates in TaxCycle to address the COVID-19 economic measures announced by the federal and provincial authorities:
- Revised the T1 instalment payment dates on the Instalments worksheet.
- Updated the instalment payment dates in the T1 client letters (CLetter and JLetter).
- Added a field code to display the filing date for the T1135 in T1 client letters (CLetter and JLetter).
- Added COVID-19 to the T2 FederalInstalments, AlbertaInstalments, QuebecInstalments and T2PaymentDueDates worksheets. These fields are now referenced in the client letters using new field codes and will display the regular payment and instalment dates when COVID-19 measures are no longer in effect.
- Added a paragraph to the T2 client letter (CLetter) explaining how the COVID-19 measures apply to corporations.
- Revised the payment date field codes in the T3 client letter to reference: Info.CommonData.PayBalanceByDate
Please note that while we endeavour to update due dates in TaxCycle as information changes, please refer to the following pages for the latest information on these measures:
- On the T1 Support Payments worksheet, we added a suggestion message to alert you when the form has a description, name, or social insurance number but does not have any amounts entered.
- On the T1 Income worksheet, we added a warning message to alert you when the form has a description but does not have any amounts entered.
- On the T1 Deductions worksheet, we added a warning message to alert you when the form has a description but does not have any amounts entered.
- On the T5013Partner data entry slip in TaxCycle T5013, in the Schedule 50 and ACB section, we added an expandable table to the at-risk lines to allow for other adjustments that affect line 105 Limited partner's at-risk, ending amount.
- On the T3RCA in TaxCycle T3, we added a screen-only check box called Choose to elect under subsection 207.5(2) that allows you to enter data in Step 4 rather than automatically completing it.
- Transferring donation amounts between spouses now works automatically when both the principal taxpayer and spouse have donations and tax payable. See the related known issue.
- The taxpayer's first and last name now displays correctly in the English T1 engagement letter for deceased (DELetter).
- The CO-17 instalment table in the T2 client letter (CLetter) no longer displays when Québec instalment payments are not required.
- TaxCycle T2 now correctly calculates the Net Capital Loss at line 10 (in column C) of the Québec CO-1012 form using the 50% inclusion rate. See the related known issue.
- The calculation of the gross-up percentage on the T4PS in TaxCycle T4 now uses the correct rate of 15%. If you have already filed T4PS slips, please issue amended T4PS slips to the recipients. See the related known issue.