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RESOLVED: T106, T1134 and T1135 Transmission Error Code 400
Transmission of forms T106, T1134 and T1135 from the latest TaxCycle T2 modules returns the error code 400.
RESOLVED: AT1 Schedule 1, SBD Rate Should Be 0.06 as of July 1, 2020
In TaxCycle T2, on the Alberta AT1 Schedule 1, the small business deduction rate should be 0.06 effective July 1, 2020.
New 10% Temporary Wage Subsidy Self-identification Form for Employers
The CRA has released a new form for self-identifying as an employer claiming the wage subsidy, the PD27. We will include this form in TaxCycle T4 in an upcoming release.
Free Tool! Canada Emergency Wage Subsidy (CEWS 2.0) Estimator
Video Tax News recently announced the launch of the CEWS 2.0 Estimator. Created in partnership with Punchcard systems and the COVIDcontinuity.com volunteer project.
Electronic signatures for the T183 and the T183CORP (extended temporary measures)
The CRA will continue to recognize a T183 and T183CORP that contains an electronic signature as having met the signature requirements of the ITA as a temporary administrative measure for the remainder of the filing season.
Look What You've Done for TaxCycle This Year (2019-20)
Many of the enhancements to TaxCycle over the past year were inspired by your suggestions and feedback.
End of Support for IE11 for QuickBooks Authorization
Starting September 8, 2020, you must use a browser other than IE11 when signing in to connect TaxCycle with QuickBoooks® Online.
Revenu Québec extends electronic signatures until further notice
RQ has announced that electronic signatures have been extended until further notice for forms MR-69, TP-1000.TE, CO-1000.TE and TP-64.3
RESOLVED: T2 return, lines 460, 465 and 480 from page 7
Amounts in lines 460, 465 and 480 from page 7 of the T2 return are not being submitted to the CRA or included in the T2 barcode printout.
Carry Back Returns With TaxCycle
If you need to prepare multiple years of returns, in TaxCycle, you do not have to start with the earliest return and move forward. You can start with the current return and move back if you wish.