Filing a T5 slip containing calculated dividend tax credits may result in an error.
known issue T5This TaxCycle release is ready for filing 2024 slips using the CRA's updated slips filing system.
release notes slipsAttempting to file slips may result in CRA "503 error".
known issue CRA slipsAs of today's date, the Minister of Finance has not announced the 2024 payment rates for T2 Schedule 63, Return of Fuel Charge Proceeds to Farmers Tax Credit.
T2 T2 Schedule 63 T2SCH63Attempting to file the T5013FIN and slips and summaries results in an error message.
known issue T5013This TaxCycle release is ready for filing 2024 slips when systems open on January 13, 2025.
release notes slips T2The account number and Web Access Code (WAC) are used to transmit files to the CRA via Internet File Transfer (XML).
WAC slipsCRA EFILE closes on January 31, 2025 for annual maintenance. The service will reopen in late February 2025.
EFILE CRAThis TaxCycle release removes lines previously added to the T2 Schedule 6.
release notes T2Thank you to everyone who has renewed their TaxCycle software for the coming season. This is your friendly reminder that you must activate your software to access to the new tax modules.
The CRA will shut down its electronic filing systems for slips from December 2, 2024, to January, 13, 2025.
CRA systems maintenance EFILE slipsTaxCycle is showing zeros instead of negative amounts in the Part 2A and 2B tables of the S89.
known issue T2***To conform with the CRA's expectations for the draft T2 Schedule 6, we have retracted the full installer for this version.*** This version of TaxCycle is ready for filing T3010/TP-985.22 returns. It also allows you to carry forward 2024 slips returns from competitor software for planning and evaluation purposes.
release notes slips T3010The proration rule for CCPCs with short taxation years no longer applies to the calculation of immediate expensing of CCA for taxation years ending on or after April 19, 2021.
known issue T2 CCA S8On December 19, 2024, we deployed an update to TaxFolder that resolved issues discovered since the last release.
release notes TaxFolderTaxCycle T2 is not including the adjustment amounts under ITA Paragraph 89(1.3)(a) and (b) in the Part 2B table of the S89.
known issue T2This release upgrades DoxCycle’s technology to .NET 8 to take advantage of the performance, connectivity, and security enhancements offered in this version of .NET.
release notes DoxCycle***To conform with the CRA's expectations for the draft T2 Schedule 6, we have retracted the full installer for TaxCycle version 14.0.55100.0.*** This release extends the tax year ends for T2 and AT1 returns up to May 31, 2025.
release notes T2 AT1 capital gains inclusion rateDiscover why TaxCycle is the go-to software for professional tax preparers. From seamless integration and ease of use to its outstanding support, TaxCycle makes filing T1s, T2s, and small business returns intuitive and efficient. Hear firsthand how TaxCycle simplifies workflows and delivers exceptional customer support—real people ready to help when you call.
videoThe latest version of TaxCycle is not automatically applying the non-capital loss against Alberta income on line 041 of the AS21 when there is an unused AT1 non-capital loss carryforward.
known issue T2 AT1The calculation on line 002 in column A of T2 Schedule 7 does not properly account for the capital gains reserve entered in Part 8 of Schedule 6.
known issue T2On December 4, 2024, we deployed an update to TaxFolder that included some improvements and fixes.
release notes TaxFolderBalance Owing and Amount Paid fields display as $null or not at all instead of the dollar amount.
known issue templates invoicesDiscover why TrueNorth Accounting made the switch to TaxCycle. Matt Peterson highlights its user-friendly design, seamless integration, and time-saving features as game-changers for their workflow.
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Join the TaxCycle Ask Us Anything webinar on November 27th to get live answers to your questions. Don't miss your chance to connect directly with the TaxCycle team!
Upgrade your tax skills with TaxCycle’s expert-led webinars.
Discover how TaxCycle’s pre-season checklist, custom fields, and SlipSync transformed Katy Takaoka's practice—saving time and enhancing client service.
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Join the TaxCycle Ask Us Anything webinar on November 27th to get live answers to your TaxCycle questions. Submit yours today!
The CRA just introduced new reporting requirements for trusts.
bare trusts T3Enjoy fast responses, personal calls within 24 hours, and detailed, step-by-step guidance that truly sets us apart. See why our support makes all the difference.
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