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Randy, We Will Miss You
Randy Tebbutt 1964 – 2020. It is with great sadness we share with you that one of our own passed suddenly this week.
/news/randy-we-will-miss-you/
Updated: 2020-04-07
RESOLVED: Net Capital Loss on Québec CO-1012
TaxCycle incorrectly calculates the Net Capital Loss at line 10 (in column C) using the gross amount (100%) rather than the 50% inclusion rate.
RESOLVED: Incorrect calculation on the T4PS
We discovered that a calculation on the T4PS is incorrect. The gross-up percentage calculates at a rate of 16% rather than 15%.
Video Tax News: COVID-19 Updates and Resources
Our friends at Video Tax News have published a useful list of links to COVID-19 resources and updates specifically for accounting professionals.
CRA COVID-19 Temporary measure (already filed paper returns)
As of April 20, 2020 the Canada Revenu Agency (CRA) will allow the transmission of a return even if it has already been mailed to CRA on paper, as long as it has not yet been processed.
A new look for www.taxcycle.com
We've launched a new design for our website at www.taxcycle.com. We hope you like it!
RESOLVED: Transmission of CO-17 returns (error code 13965)
Known Issue. CO-17 error code 13965 due to incorrect service version number.
UPDATED: EFILE Error 92271
The Canada Revenue Agency (CRA) has investigated EFILE error 92271 and has determined a change made in early May cause certain returns that were previously accepted to now be rejected.
/news/updated-efile-error-92271/
Updated: 2020-06-01
Extended Filing Deadlines for Corporations and Trusts
The CRA, RQ and the Govt of Alberta have extended some filing deadlines for corporations and trusts to September 1, 2020.
RESOLVED: Calculation Error on Form NU479 - Nunavut Credits
The CRA recently learned that there was an minor error in the calculation of the Nunavut cost of living supplement for single parents.