I have a client that is affected by the new EIFEL rules and needs to file T2 Sch 130. Anyone know if this will be available in TaxCycle? Can’t find anything in search here
@paul3
Yes, in the May release but not before that as the CRA is not allowing software vendors to add it before that time.
For now, I would suggest that you select the check box 278 in T2 Jacket (page 3) then enter the disallowed portion in S1 in the other addition section. Then, complete a paper copy of S130 and send it to the CR using TaxCycle’s T2 Attach-A-Doc function.
Just as a caution, I would also mail a paper copy of S130 to the CRA just to be sure.
The alternative is to wait until the May release and file then.
Steven
thank you for the info Steven