Update 2024 T1 for schedule 3

Forum|Forum|1 year ago
March 14, 2025
2 replies
9 views

Several other T1 Software providers have already received certified Schedule 3's with regards to the capital gains inclusion rates for the 2024 T1's and tax preparers have been able to efile returns that have capital gains since March 12th. I was just in a chat with someone named Vanessa from Profile who is blaming this on CRA. CRA has already done the fix and it is Profile dropping the ball here, it seems. I was told there is no estimated time for them to have this update completed. I wish they would be upfront and offer users a partial rebate to their paying clients!!

ProFile (Canada)

This topic has been closed for replies.

A

Anonymous

Yes I agree. This is very frustrating. Good communication could relieve some of this. I don't know when to tell my clients I will be able to process their returns.

A

Anonymous

My clients are getting frustrated with my not being able to process their tax returns with Schedule 3's. In some cases, very large refunds are expected so I feel my tax prep business may be getting some distressed and angry clients if this isn't resolved soon. Thanks.

G

gttaxincAuthor

Level 3

There are likely thousands of taxpayers (that we tax preparers have as clients) who are waiting for large refunds due to this delay. Because of this delay, they lose income from the refunds that could have been re-invested by now or pay down mortgages or lines of credit and the like! I doubt Profile realizes how many Canadians they have affected in this situation.

B

Bruceker

Level 3

To date, only 12 of the 23 EFILE Certified Software Programs for the 2025 EFILE Program [2024 Tax Year] include approved Capital Dispositions. Sadly, Profile is still not one, however their TurboTax for Windows appears to have been approved so there may be hope of it happening this week.

Here's the approved Efile Tax Software for those considering a Tax Program swap:

AdvTax

Cantax–T1 Plus

CCH iFirm® Taxprep

FutureTax 2024 for EFILE

Personal Taxprep

StudioTax Enterprise 2024

TaxChopper Pro

TaxCycle T1

TaxFreeway Express

Taxtron Mac Pro

TaxTron Web

Taxtron Win Pro

ref: https://www.canada.ca/en/revenue-agency/services/e-services/digital-services-businesses/efile-electronic-filers/efile-certified-software-efile-program.html

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