TaxCycle 14.0.55414.0—Resolved Slips Filing Issues

This TaxCycle release resolves issues related to slips filing discovered since the last update.

To install this version immediately, download the full installer from our website or request a free trial. Once we enable the automatic update for this version, TaxCycle will prompt you to install it according to the priority set in your TaxCycle Options. (To deploy auto-update files from your network, see the Auto-Update Files page.)

Release Highlights

• Resolved Slips Filing Issues
• Status of File Carryforwards from 2023 to 2024
• Status of 2024 Federal Returns and Slips
• Status of 2024 Québec Returns and Relevés

Resolved Slips Filing Issues

• Known Issue: T5 Filing May Result in an Error
• Resolved an issue where an error would occur as a result of the Canada Revenue Agency’s (CRA) changes to the submission pages. Errors should no longer occur but manual entry of the submission number may be required in some cases. If the CRA confirmation page shows that the return has been accepted and you’re ready to record it as filed, but the submission number hasn’t been automatically populated in the TaxCycle transmission dialog window, you can manually enter the submission number. To do this, copy and paste the submission number from the page on the right side of the filing window to the Submission number field on the left. Read the Record an XML Submission Number help topic to learn more.
• TaxCycle NR4 and T3—Added a new field on the Engagement worksheet for Trust number or Non-resident account number for those who have authorization to file with those credentials and an associated Web Access Code (WAC). If multiple account numbers (Business number (BN), Trust number, and Non-resident (NR) account number) are entered, only one transmitter account number will be issued. The selected account number on the T619 must match the number in the XML file. This applies to the 2022, 2023 and 2024 NR4 and T3 modules. Note the following:
  
  • If a NR account number is entered for the NR4, it will be used instead of the BN.
  • If a Trust number or NR account number is entered in T3, one of those will be used.
  • If all three account number types (BN, Trust, and NR) are entered, the system will use the NR number.
  • If only the BN and Trust number are entered, the Trust number will be used.
• Slips—Added RepID support to TaxCycle Options and the Engagement worksheet for clients who wish to file using the CRA’s Represent a Client portal.
• TaxCycle Forms—Resolved an unexpected error that occurred in some cases when attempting to carry forward a file with a single UHT-2900 form.

Status of File Carryforwards from 2023 to 2024

As of this release, the following 2023 to 2024 carryforwards are up to date. However, we strongly recommend you only perform batch carryforward on tax modules that are ready for filing in the list, below. We anticipate the rest of the modules will be finalized later in February.

Ready for batch carryforward:

• T2/CO-17—Carryforwards from TaxCycle, ProFile^®, Taxprep^®, Cantax^®, DT Max^®, creating files with year ends up until May 31, 2025.
• T4, T4A, RL-1/RL-2—TaxCycle, ProFile^®, Taxprep^®, Cantax^®
• T4PS—TaxCycle, ProFile^®, Taxprep^®, Cantax^®
• T4A-RCA—TaxCycle, ProFile^®
• T5, RL-3—TaxCycle, ProFile^®, Taxprep^®, Cantax^®
• T2202—ProFile^®, Taxprep^®
• T5018—TaxCycle, ProFile^®, Taxprep^®, Cantax^®
• T3010/TP-985.22—TaxCycle, ProFile^®, Taxprep^®, Cantax^®
• NR4—TaxCycle, ProFile^®, Taxprep^®, Cantax^®
• Forms—TaxCycle, ProFile^®, Taxprep^®, Cantax^®
• RL—TaxCycle, ProFile^®, Taxprep^®, Cantax^®

Wait for batch carryforward:

• T1/TP1—TaxCycle, ProFile^®, Taxprep^®, Cantax^®, DT Max^®
• T3/TP-646, RL-16—TaxCycle, ProFile^®, Taxprep^®, Cantax^®, DT Max^®
• T5013/TP-600, RL-15—TaxCycle, ProFile^®, Taxprep^®, Cantax^®

Status of 2024 Federal Returns and Slips

• T1—You may begin data entry. EFILE opens in late February 2025.
• T2—Certified to file tax year ends up to May 31, 2025.
• T3RET—You may begin data entry. EFILE opens in late February 2025.
• T3 slips—In progress. Wait to file 2024 returns.
• NR4 (in T3 module)—In progress. Wait to file 2024 returns.
• T4—Ready for filing.
• T4A—Ready for filing.
• T4PS—Ready for filing.
• T4A-RCA—Ready for filing.
• T5—Ready for filing.
• T5013-FIN—In progress. Wait to file 2024 returns.
• T5013 slip summary—In progress. Wait to file 2024 returns.
• T5018—Ready for filing.
• NR4 slips (standalone NR4 module)—Ready for filing.
• T4A-NR slips (in NR4 module)—Ready for filing.
• T3010—Ready for filing.

Status of 2024 Québec Returns and Relevés

• TP1—You may begin data entry. NetFile opens in late February 2025.
• TP-646—In progress. Wait to file 2024 returns.
• RL-16—In progress. Wait to file 2024 returns.
• TP-600—In progress. Wait to file 2024 returns.
• RL-15—In progress. Wait to file 2024 returns.
• RL-1—Ready for filing.
• RL-2—Ready for filing.
• RL-3—Ready for filing.
• RL-24—Ready for filing.
• RL-25—Ready for filing.
• RL-31—Ready for filing.
• TP-985.22—Ready for filing.