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 TaxFolder
Closed from December 24, 2024, to January 1, 2025, to give our team time to spend with their loved ones during the holidays.
TaxCycle 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 DoxCycleThank 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.
This release extends the tax year ends for T2 and AT1 returns up to May 31, 2025. It also adds the increased 2/3 capital gains inclusion rate to the T2 module.
release notes T2 AT1 capital gains inclusion rateAs 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 T2SCH63Discover 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.
videoThe CRA will shut down its electronic filing systems for slips from December 2, 2024, to January, 13, 2025.
CRA systems maintenance EFILE slipsThe TRA has advised that, despite the postal strike, taxpayers must still file and pay on time. Any applicable penalties or interest will still apply.
TRA Alberta
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!
We have incorporated the new rate into the latest TaxCycle T2 update.
T1 T2 T3
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.
Video SlipSync
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.
videoThis release updates TaxCycle to use .NET 8 and rolls over the Forms module to 2024.
release notes Forms module .NET Accelerated CCA templatesCRA EFILE closes on January 31, 2025 for annual maintenance. The service will reopen in late February 2025.
EFILE CRAAttempts to request data using AFR for T2 returns are resulting in error 026.
known issue T2 AFRAdditions in CCA classes 44, 46 and 50 acquired after April 15, 2024, are resulting in 100% of CCA being claimed.
known issue T2This update resolves issues discovered since the last DoxCycle release.
Attempts to EFILE or request data using AFR for T1 or T2 returns are failing.
known issue EFILE AFR T1 T2