
Pro Tax release notes
by Intuit•7• Updated 1 week ago
Past release notes are available here.
QuickBooks Online Accountant Pro Tax version 2025.5.1 is now live
This release contains the tax content updates and product improvements.
FX Tax Content (Form Expert)
Minor form updates were made to:
- GST60
- PD27
- AUT-01
- AUT-01X
- T2054
What We've Fixed:
Issue | Solution |
When printing a T1 return with T2125 forms for coupled returns, an extra T2125 form for the spouse was being printed incorrectly. | We've restored the printing process for T1 returns, ensuring that the extra T2125 form for the spouse is no longer printed by mistake. Your returns will now print accurately and efficiently |
When using the quick tabbing feature, the cursor would randomly jump between different lines on the form, causing frustration and errors. | We've updated our forms to prevent the cursor from jumping around rapidly. Now, you can tab through the form smoothly and accurately, without any unexpected jumps. |
Standard all access users and those with non-standard roles were unable to load T1 dependent returns. | We've fixed this problem. Both regular users and those with special roles can now load T1 dependent returns without any problems. |
Past releases
QuickBooks Online Accountant Pro Tax version 2025.4.2 is now live
T1 - Personal Taxes:
Updated version of Schedule 8 and RC381
This release features updated calculations for Schedule 8 and RC381
QuickBooks Online Accountant Pro Tax version 2025.4.1 is now live
T1 - Personal Taxes:
Important - Upcoming Changes to Authorize a Representative request for Individuals (T1)
Starting July 15, 2025, you can no longer use the “EFILE Authorize a Representative” feature on individual (T1) authorizations. This change is being implemented by the CRA to enhance security and safeguard taxpayer information. As a result, they will be discontinuing this service.
Instead, representatives will be required to use the authorization request services within Represent a Client (RAC) to obtain permission for individual clients. This change only affects Individual (T1) permission requests. Authorization requests for business clients aren't affected. For details on these upcoming changes, refer to the official CRA page.
For instructions on obtaining Represent a Client access, see our ProFile article.
Important - Changes to Direct Deposit Requests
Beginning March 24, 2025, The CRA no longer accepts direct deposit updates or changes submitted via T1 EFILE. Therefore, the direct deposit information entered on the Direct Deposit form won't be transmitted to the CRA.
You can update or change your direct deposit using My Account online, a Canadian bank, or a credit union. You can also fill out a paper form to sign up for direct deposit. Visit the CRA website for alternative methods to update direct deposit information.
Updates:
Multiple-Jurisdiction Tax Returns
Multiple-jurisdiction tax returns are now EFILE-certified for the 2024 tax year. This includes returns with the following:
- T2203
- All provincial multiple-jurisdiction forms
Non-Resident Tax Returns
Returns for emigrants, deemed residents (Section 250) and for non-residents filing under section 116 are now EFILE-certified for the 2024 tax year.
T3 - Trust Returns:
2025 Rate Updates
The rates applicable to the 2025 taxation year are those known as of the release date.
Any changes resulting from additional federal, provincial, and territorial announcements will be integrated into future updates.
FX - Form Expert
2025 Rate Updates
The rates applicable to the 2025 taxation year are those known as of the release date. Any changes resulting from additional federal, provincial, and territorial announcements will be integrated into future updates.
Product Improvements & Corrections:
Enhancement, Improvements and Fixes | What We've Done |
Enhancement Quick Bar Search Results | We've updated the sort order in the quick bar search to provide more effective results. Now, the search will first return actions (such as print), followed by matching forms, and then line numbers. |
Improvement T3 Form Functionality | We've made an update to the T3 form, allowing customers to directly edit and type into the "Name of Foreign Country" field. Previously, users had to select a country from the FTC (Foreign Tax Credits) form to populate this field. |
Fixes Restored T3 Print Order | We've restored the printing order for the T3 print set to match the order set by customers. Your documents print in the expected sequence, making it easier for you to review and manage your files. |
QuickBooks Online Accountant Pro Tax version 2025.3.2 is now live
This release contains the capital gains updates for T1 and T3 modules.
Pro Tax is now certified for filing 2024 returns with capital gains and losses.
T1 - Personal Taxes:
Federal
QBOA Pro Tax is now certified for filing 2024 returns with capital gains and losses.
The banner “This form is currently under review” has been removed for the following forms and schedules:
- S3
- S3NR
- T2048
T3 - Trust Returns:
Filing of returns is unblocked in 2024's T3 module for T3RET returns with capital gains or losses. The release removes the banner "This form is currently under review"and all DRAFT watermarks from federal forms and schedules.
IntuitSign introduces a new design and some enhanced features:
- Enhanced client access by introducing an Access Code option, complementing the existing OTP verification. This new Access Code ensures that clients can sign documents securely, regardless of their region.
- Enhanced client access by introducing an Access Code option, complementing the existing OTP verification. This new Access Code ensures that clients can sign documents securely, regardless of their region.
Form Updates:
Do not submit any forms that indicate "This form is currently under review" at the top of the form as they have not yet been finalized and/or approved.
T1 - Personal Taxes:
The CRA is currently working on the final versions of the forms due to the announcement to delay the capital gains inclusion rate change. Users are asked not to submit any forms that show "This form is currently under review" as they haven't yet been finalized or approved by the CRA.
The CRA is giving relief on late-filing penalties and interest for T1 filers until June 2, 2025.
Refer to the CRA page and Revenu Québec page for more information.
Individuals reporting a taxable capital gain, net capital loss, or principal residence designation on Schedule 3 aren'tapproved for filing with this release. Filing for these individuals will be approved in a future release.
For taxpayers not reporting Schedule 3 but who have a spouse or common-law partner reporting Schedule 3, we recommend to wait and file both returns together when Schedule 3 has been finalized.
T1198 (New!)
Starting in the 2024 tax year, the CRA will lift the EFILE exclusion forReturns with Form T1198 - Statement of Qualifying Retroactive Lump-Sum Payment. This EFILE transmission will be available in this release.
Federal
T657 Calculation of Capital Gains deduction
The Lifetime Capital Gains Exemption (LCGE) limits are increased for 2024:
- For dispositions in Period 1 from January 1 to June 24, 2024, the limit is $1,016,836.
- For dispositions in Period 2 from June 25 to December 31, 2024, the limit is $1,250,000.
T2 - Corporate Taxes:
ProTax T2 now carries forward information from 2024 files created with the following software:
- T2 Cantax - v24.2.307.126 (Released November 21, 2024)
- T2 DTMax - 28.01 (Released December 18, 2024)
- T2 Taxprep - 2024 v2.0 (Released December 9, 2024)
Minor form updates:
- S31
- S58
- S58
- S353
- T183
T3 - Trust Returns:
The T3SCH3 Eligible Taxable Capital Gains form is marked with the banner "This form is currently under review" as the CRA has yet to finalize the form at the time of this release. As per CRA’s request, don't attempt to mail or EFILE returns that contain capital gains until it’s finalized. We will include the final version in an upcoming update.
Additional minor form updates:
- S15/S15Supp
- S1
- S1A
- S8
- S9
- T1055
- T184
- T1079/T109WS
- AUT-01
- T3A
FX/Q:
Minor form update:
- T737RCASum
Other Product Improvements & Corrections
- Fix: INV-119383: S23 allocating business limit jump link arrows doesn't take you to the correct business in the RACDetails
- Customer Impact: The source of the calculation on S23 was not always going to the correct business in the RACDetails worksheet. This has been corrected.
- Fix: INV-119758: FX fails to import from Profile when no previous files are present
- Customer Impact: When a client tries to import a ProFile FX file, the import fails if there's no existing FX return. This has been corrected.
T1 Tax Content (Personal Taxes)
This release is in preparation for the Canada Revenue Agency (CRA) opening EFILE services on Feb 24th which will kick off our T1 tax season in Canada. Users are asked not to submit any forms that indicate "This form is currently under review" at the top of the form as they have not yet been finalized or approved by the CRA.
QuickBooks Online Accountant Pro Tax version 2025.2.2 is now live
- 2024 T1 form updates
- Notice of Assessment (NOA) via tax software from 2017 to 2024 tax years
- T1 EFILE from 2017 to 2024 tax years
- T1 ReFILE from 2021 to 2024 tax years
- T1134 EFILE from 2021 to 2024 tax years
- T1135 EFILE from 2017 to 2024 tax years
- T1 Barcode and KFS
T2 Tax Content (Corporate Taxes)
- AgriStability forms updated in T2
T3 Tax Content (Trust Return)
- First release of Pro Tax T3 for the 2024 taxation year
- T3RET/T3M/T3RCA EFILE from 2021 to 2024 tax years
- T3P EFILE for 2023 to 2024 tax year
- T3PRP EFILE for 2023 to 2024 tax year
- 2024 T3 slip, NR4 slip XML filing
- T1135 EFILE for 2022-2024 tax year
- S15/S15Supp can now be filed electronically in T3/T3M/T3RCA EFILE
- Section 216 return is available for T3 Electronic Filing
- T3MJ paper filing
- 2024 form updates
FX Tax Content (Form Expert)
- T3010 is certified for paper filing
Other Product Improvements & Defect Corrections
- Within the tax settings for FX / T3, customers now have the ability to save their WAC (Web Access Code). Upon efiling, they can seamlessly copy and paste their business, trust, non-resident numbers and WAC (Web Access Code) into the CRA XML submission site.
T1 - Personal Taxes
Following the Department of Finance's announcement to delay the capital gains inclusion rate change, the CRA is currently working on final versions of the forms. Revenu Québec is also working on final versions of impacted forms.
The announcement has impacted several forms and worksheets, including those related to capital gains and losses. These forms will have the banner "This form is currently under review". The new versions will be made available in upcoming releases. In the meantime, the CRA is providing relief on late-filing penalties and arrears interest for impacted T1 filers until June 2, 2025.
Refer to the CRA page for more information.
Individuals reporting a taxable capital gain, net capital loss or principal residence designation on Schedule 3 are not approved for filing with this release. Filing for these individuals will be approved in a future release. For taxpayers not reporting Schedule 3 but have a spouse or common-law partner reporting Schedule 3, we recommend to file both returns together when Schedule 3 has been finalized.
Federal
T776 - Statement of Real Estate Rentals
Expenses related to the non-compliant short-term rentals are no longer deductible starting January 1, 2024. The adjustment is done on Chart A for all expenses, and on Chart B for CCA on the T776 form.
A short-term rental is a residential property that is rented for a period of less than 90 consecutive days. A non-compliant short-term rental is a short-term rental that:
- is located in a province or municipality that does not permit short-term rentals to operate at that location; or
- does not comply with all applicable provincial or municipal registration, licensing and permit requirements for operating a short-term rental.
Capital Cost Allowance (CCA)
Accelerated investment incentive property (AIIP) available for use after December 31, 2023 and before January 1, 2028 is subject to a gradually reduced gross-up UCC adjustment rate. The UCC adjustment rates will be fully phased out after December 31, 2027. The half-year rule doesn't apply to AIIP, but will continue to apply to non-AIIP properties that are subject to the half-year rule.
T2125CCA, T2042CCA, T2121CCA, T1163-T1273CCA, T776CCA, ResourceCCA, BusAuto, T777Auto and the corresponding Québec worksheets (if applicable) are updated to reflect the reduced gross-up rates for the AIIP acquisitions that are available for use after December 31, 2023.
T691 - Alternative Minimum Tax
The form is updated to reflect the changes to the calculation of adjusted taxable income, the increase of the basic exemption from $40,000 to $173,205, and the increase of the tax rate from 15% to 20.5%. The form has also been updated for changes to the calculation of the special foreign tax credit and minimum tax carryover, and to reduce the non-refundable tax credits allowed.
T2 - Corporate Taxes
Proposed Capital Gains Inclusion Rate Changes
On January 31, 2025, the Department of Finance communicated that the capital gains inclusion rate change announced in the 2024 federal budget has been delayed until January 1, 2026. No new forms were issued by CRA. You can continue to use ProTax’s existing forms with the 50% inclusion rate.
Corporations that followed the CRA's guidance and applied the two-thirds inclusion rate based on the September 23, 2024 NWMM tabled in Parliament will receive corrective reassessments to reverse the application of this rate.
Refer to the CRA page for more information.
Federal Schedules
AGRI - T2 AgriStability and AgriInvest
AgriStability forms are updated to support 2024 tax year filings.
S1Auto / S8Class
S1Auto and S8Class are updated for 2025 automobile deduction limits:
- The ceiling for capital cost allowances (CCA) for Class 10.1 passenger vehicles will increase to $38,000 from $37,000, before tax, in respect of new and used vehicles acquired on or after January 1, 2025.
- The limit on deductible leasing costs will be increased to $1,100 from $1,050 per month, before tax, for new leases entered into on or after January 1, 2025.
S63 - Return of Fuel Charge Proceeds to Farmers Tax Credit
Payment rates are updated for the 2024 and 2025 calendar years.
T3 - Trust Returns
Capital gain inclusion rate update
Following the Department of Finance's announcement to delay the capital gains inclusion rate change until January 1, 2026, the CRA is updating its systems and forms.
As a result, the following Federal forms and worksheets are marked with the banner "This form is currently under review":
- S1
- S9
- S10
- S12
- T184
In the meantime, the CRA is providing relief on late-filing penalties and arrears interest for impacted T3 Trust filers until May 1, 2025.
Refer to the CRA page for more information.
Changes to electronic filing of T3 and NR4 slips (New!)
Starting January 13, 2025, CRA will only accept submissions containing a single information return type. This means that you will need to file separate submissions for different return types (for example, one submission for T3 slips and another for NR4 slips).
Additionally, MM transmitter numbers (for example, MM555555) are no longer valid. You must now use your federal business number (for example, 999999999, 999999999RP0001, or 999999999RZ0001), trust number or Non-resident account number as your Transmitter Account number. You may also file using your RepID.
Note: The account number/RepID used to create the XML file must match the one used to access the filing portal.
Due to the changes made to the filing system by CRA, ProTax currently does not support tax years 2022 and earlier. More years will be added on future releases.
You can refer to the CRA page for related information, such as CRA’s new online validation.
T3 slip
The CRA has added new boxes (52-59) to the T3 slip for reporting capital gains, deductible capital gains from QFFP and QSBCS dispositions, and insurance segregated fund losses separately for periods before June 25, 2024 and after after June 24, 2024.
Federal
T3 - Trust Income Tax and Information Return
This form has been updated to reflect the new capital gain inclusion rate update and capital gain reduction, new Interest and Financing Expenses Limitation (EIFEL) and the clean technology investment tax credit. Other required information is updated with new required Question 15-17 mandatory for 2024 tax year. For details, review the T4013 Trust Guide.
Schedule 1 - Disposition of Capital Property
This form has been divided into Section 1 and Section 2. Section 1 contains four parts. Use Part 1 to report dispositions of capital property which occurred in Period 1 (before June 25, 2024). Use Part 2 to report dispositions of capital property which occurred in Period 2 (on or after June 25, 2024 but before January 1, 2026).
Regardless of which Period the dispositions were made, the inclusion rate 50% will be used to calculate the taxable capital gains/loss.
Schedule 1A - Capital Gains on Gifts of Certain Capital Property
This form has been changed to match the latest CRA form update available, of which accounts for gifts made on or before June 24, 2024 and similarly for gifts made on or after June 25, 2024.
Given the capital gains deferral announcement, dispositions ineligible for capital deductions will be subject to the 50% inclusion rate regardless of period classification.
Schedule 2 - Reserves on Dispositions of Capital Property
The form has been updated to match the latest CRA form update available, of which accounts for reserves claimed on dispositions of property on or before June 24, 2024 and similarly for dispositions of property on or after June 25, 2024.
Given the capital gains deferral announcement, reserves claimed on dispositions reported in either period will not yield differing tax consequences.
Schedule 3 - Eligible Taxable Capital Gains
The form has been updated to align with the latest CRA form available.
Schedule 9 - Income Allocations and Designations to Beneficiaries
The table in Part C includes new line numbers and new codes for the T3 slips to report the Period 1 and Period 2 portions of the amounts entered in boxes 21, 30 and 37 on the T3 slip.
Schedule 10 - Part XII.2 Tax, Part XIII Non-Resident Withholding Tax, and Part II.2 Tax on Repurchases of Equity
The form has been updated to align with the latest CRA form update available. Users shall refer to Part C for purposes of calculating PartII.2 Tax on Repurchases of Equity.
Schedule 11 - Federal Income Tax
The form has been updated to align with the latest CRA form update available. Recaptured Investment Tax Credit events and their tax implications are accounted for within the respective document.
Schedule 12 - Minimum Tax
The form has been updated to match the latest guidance and rules released by the CRA, including determining trust subjectivity to minimum tax.
T184 - Capital Gains Refund to a Mutual Fund Trust
The form has been updated to align with the latest CRA form available. The document now reflects the capital gains deferral announcement.
Net Capital Loss Utilization Summary
This user form summarizes the unapplied net capital losses of the trust. Moreover, the respective losses in prior periods are adjusted and assessed for use in the current year or assigned for application in a future period.
Schedule 15WS - Worksheet for Beneficial ownership information of a trust
This worksheet simplifies the process of reporting and updating the reportable beneficial ownership information and helps carry forward the historical information to the future T3 returns. Use it to modify, add, or remove reportable entities.
T776 - Statement of Real Estate Rentals
Starting in 2024, trusts may no longer deduct expenses incurred in the year on non-compliant short-term rentals.
Trusts earning short-term rental income are now required to back out the portion of the expenses relating to short-term rentals and use Chart A to calculate the non-compliant amount to be excluded from total deductible expenses. Use Chart B to calculate the non-compliant portion of CCA to be excluded from total CCA.
FX/Q
Electronic filing of Federal information returns/slips (New!)
Due to the changes made to the filing system by CRA, ProTax currently does not support xml filing for tax years 2022 and earlier. More years will be added on future releases.
This release contains the launch of changes to QBO roles and new permissions for QBOA Pro Tax.
Update on Roles and Permissions for QBOA Pro Tax
Within Roles, we have implemented new permissions to QBOA Pro Tax to enhance control over client data access. This change is part of our ongoing commitment to provide QBOA customers with increased security and control.
Changes to Access Permissions
Access permissions for QBOA Pro Tax have been revised. The following roles will no longer have default access to QBOA Pro Tax:
● Standard limited (customers and suppliers)
● Standard limited (customers only)
● Standard limited (suppliers only)
● Standard (no access)
● Standard (no access with account management)
Access can still be manually granted to Pro Tax if necessary. Only Primary Admins and Company Admins are authorized to manage and grant Pro Tax access.
Roles with Default Access
Default access to Pro Tax is maintained for:
● Primary Admin
● Company Admin
● Standard (all access)
● Standard (all access without payroll)
Access settings can be adjusted by Primary Admins and Company Admins to meet specific team needs.
Introduction of New Permissions
Two new permissions have been added:
● Pro Tax Return Access: Enables viewing, editing, printing, and exporting tax returns.
● Pro Tax EFILE: Allows for EFILE operations on tax returns.
These updates ensure that our QBOA customers have more control over their data security and management within Pro Tax.
This release contains product improvements.
Improvements to the T2125 experience
Spouses with separate business will no longer see the T2125 for those separate business entities when printing a coupled T1 return.
This release contains UI changes, service updates, and product improvements.
Product improvement and defect correction
A “Filling not available” error occurred with an active subscription. This issue has been fixed.
This release contains the tax content updates for the corporate module.
T2 highlights include:
● Supported up to fiscal year ends on or before October 31, 2024
● T2 Internet filing is certified for Federal corporate tax returns
● AT1 Internet filing is certified for Alberta corporate tax returns
T2 and AT1 certifications
The 2022-2024 T2 module is certified for Federal and Alberta corporate tax returns and allows for the preparation of returns for corporations with fiscal years ending on or before October 31, 2024.
Federal Schedules
S200 - T2 Corporation Income Tax Return
This schedule is updated to include the following lines:
● Line 290: Did the corporation meet the definition of substantive CCPC under subsection 248 (10) at any time during the year?
● Line 277: Is the corporation a covered entity that redeemed, acquired or cancelled equity of the corporation in the tax year?
● Line 705: Part II.2 tax payable (from S56)
S2 - Charitable Donations and Gifts
This form has been updated to remove additional deductions for gifts of medicine available for carry forward from Part 6 of the schedule.
S8 - Capital Cost Allowance (CCA)
This form has been updated to revise the instructions and calculations for columns 13, 16, and 19.
S31 - Investment Tax Credit - Corporations
This form has been updated to allow the claim of Investment Tax Credits (ITC) for the following:
● Investment in clean technology property that is acquired and becomes available for use after March 27, 2023, and:
● Investment in carbon capture, utilization, or storage (CCUS) projects for qualifying expenditures made after 2021.
S385 - Manitoba Odour-Control Tax Credit
This form has been updated to remove eligible expenditures made in the current year.
The following obsolete lines are now removed from the form:
● Line 100: Corporation’s share of eligible expenditures allocated from a partnership
● Line 101: Corporation’s share of eligible expenditures allocated from a a trust
● Line 102: Corporations eligible expenditures
● Line 120: Current-year credit earned
● Line 150: Credit renounced
● Line 161: Refundable tax credit for agricultural corporations
● Line 901: Current-year credit earned to be applied to first previous tax year
● Line 902: Current-year credit earned to be applied to second previous tax year
● Line 903: Current-year credit earned to be applied to third previous tax year
S394 - Manitoba Rental Housing Construction Tax Credit
This schedule has been updated to remove the current-year claim of the refundable rental housing construction tax credit for qualifying entities.
S554 - Ontario Computer Animation and Special Effects Tax Credit
This schedule is updated to remove the section for Ontario labour expenditures and assistance before April 24, 2105.
S572 - Ontario Made Manufacturing Investment Tax Credit (New!)
This credit offers eligible corporations a 10% refundable Corporate Income Tax credit on qualifying investments of up to $20 million in the tax year in buildings (Class 1), machinery, and equipment for use in manufacturing or processing (Class 53) in Ontario. This applies to investments made after March 22, 2023, or before for buildings meeting specific criteria. Eligible capital additions can be added through the S8Class form.
The refundable credit claimed in the current tax year are reported on Line 474 of S5.
S556 - Ontario Film and Television Tax Credit
This schedule has been updated to remove the lines to report the portion of the Qualified Labour Expenditures that was incurred before January 1, 2008 (Pre-2008).
S56 - Part II.2 Tax on Repurchases of Equity (New!)
This schedule is used to calculate Part II.2 tax on repurchases of equity if you are a corporation resident in Canada (other than a mutual fund corporation) that redeemed, acquired or cancelled equity listed on a designated TSE 300 in the tax year. There's a 2% tax applied to repurchases and insurances of equity that occur after December 31, 2023.
T106 - Information Return of Non-Arm’s Length Transactions with Non-Residents
If an election has been made to use a functional currency, a new functional currency code, ‘JPY’ - for Japanese Yen, is now available for selection on the form.
T1134 - Information Return Relating to Controlled and Non-Controlled Foreign Affiliates
If an election has been made to use a functional currency, a new functional currency code, ‘JPY’ - for Japanese Yen, is now available for selection on the form.
T1135 - Foreign Income Verification Statement
If an election has been made to use a functional currency, a new functional currency code, ‘JPY’ - for Japanese Yen, is now available for selection on the form.
SCT1 - Saskatchewan Corporation Capital Tax Return
The redesigned and expanded form now has specific schedules for:
● Corporations resident in Canada or Crown corporation (Schedule B)
● Financial institution (Schedule C)
● Corporations not resident in Canada (Schedule D)
Telecommunications corporations are subject to a telecommunications tax of 0.9% on their telecommunications capital.
The worksheet for qualified depreciable property tax credit is removed.
Alberta Schedules
AT1 - Alberta Corporate Income Tax Return
A new functional currency, Japanese Yen (JPY), has been added to Line 041
AS3 - Alberta Other Tax Deductions And Credits
A new section has been added for the calculation and claim of the “Agri-processing investment tax credit (APITC)”. This is a refundable tax credit given to corporations that build or expand a value-added agri-processing facility in Alberta.
To claim this credit, complete the Agri-processing Investment Tax Credit calculation table.
AExempt - Alberta Filing Exemption Checklist
The exemption criteria checklist has been updated to include the Agri-processing Investment Tax Credit. The claiming of this tax credit doesn't exempt the corporation from filing the Alberta return (AT1).
Don't file this filing exemption checklist with AT1 Alberta Corporate Income Tax Return. Keep it for your records in case Alberta Tax and Revenue Administration asks for it.
This release contains enhancements to Intuit Sign, tax content updates and product fixes.
Intuit Sign
Requests to e-sign a document may now be cancelled by selecting “Void” for an individual client eSignature request under the in the “eSignature” tab.
T1 Tax Content (Personal Taxes)
On the Donations Form: A cosmetic improvement has been made so that the currency of the donation, the exchange rate used and amount paid in CAD are now visible on forms.
T2 Tax Content (Corporate Taxes)
On Schedule 8 - Part 1: Agreement Between Associated Eligible Persons or Partnership table (EPOPs) has been updated. The table now splits between EPOPs (corporations) and EPOPs (individuals) in order to make it easier to read and enter information for each group.
Product Improvements & Corrections
T1 Module: In certain cases, optimizing the pension split multiple times might present different results. This has been corrected.
T1 Module: T1 client letter 2023 (comprehensive) will now print when the monthly estimates for the Ontario trillium benefits are less than $1.
T1 Module: In the T1135 form, the “Individual code” selection now shows the choice of 1 or 2 rather than Yes or No.
T3 Module: Preparers can now enter U.S postal code on the Beneficiary and S15Supp Form when the country code is U.S
Product Improvements & Corrections
• Optimizer Tool Button: Copy “Optimizer” added to icon button.
• T1032 (pension splitting): the word “Optimizer” was added to the button.
• Improved form/letter description when adding forms or client letters.
• When adding forms or letters to a return, the full name or description is now fully visible when the user hovers their cursor over the truncated description.
• The maximum capital cost of each vehicle in Class 10.1 has been updated.
• When adding a class 10.1 vehicle addition to the BusAuto form, the form will now show the lesser of the cost and the maximum capital cost allowed depending on the year of acquisition.
Product Improvements & Corrections
• Users can now enter a U.S. postal code to the postal code in S29. The United States must be selected as the country for the postal code to appear.
• For an address, preparers can now enter for street number with a dash (ex. 103-1100) under S3 Principal Residence Detail form in Pro Tax
• In ProTax T1 module, on schedule 11 , the year on line 9 of T1 was incorrect causing confusion. This has been corrected.
• Within the T3 module, The S15 and S15Supp forms were not included by default in the printsets. The preparer had to print them manually. This has been corrected.
Update: New templates have been provided for the GST and provincial credits updates on the GST worksheet.
Interested in finding previous Pro Tax release notes? Take a look at our past blog post here.
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