As of version 14.1.55915.0, TaxCycle is certified for filing T1/TP1 and T3/TP-646/RL-16 forms and slips that contain capital gains and losses subject to the reverted rates. Download the latest version before filing.
The Ministère des Finances du Québec has announced that Québec laws and regulations will be amended to reflect the deferral of the increase in the capital gains inclusion rate until January 1, 2026.
Since issuers will have to recalculate amounts on certain RL slips, they are extending the filing deadline for those slips.
No penalties will be charged if the slips are filed by the extended deadlines, as long as they contain capital gains amounts.
If the slips are filed after the extended deadline, the late-filing penalty will be calculated as of the regular deadline.
As a rule, RL slips and, if applicable, the related summaries are due by the last day of February of the year following the one covered by the slips. You must also distribute the slips to recipients by the same day. For more information on the filing deadline for each RL slip and, if applicable, the related summaries, see RL Slips.
