I’m curious about your preferred method for inputting T3 slips received from your clients. Previously, there was an option called “Use SlipMatch machine learning for enhanced matching of T3 slips with fund companies,” which I used in conjunction with CRA’s “Auto-fill my return” to download T3 slips. However, I can no longer locate this feature.
Currently, do you first download the T3 slips from the CRA and then match them to the physical slips provided by clients, or do you manually enter the client-provided T3 slips first and subsequently reconcile them with CRA downloads?
I’m trying to determine the most efficient approach for this year. Your input would be greatly appreciated.
Last month (February 20, 2025), the CEO and founder of TaxCycle, Cameron Peters, did an excellent seminar on AFR which covered in detail the many option for working with T3’s and T5008’s, including the various options for matching and importing slips, and aggregating multiple slips into a single entry. Cameron also discusses the AFR option to export T3’s and T5008’s to Excel, giving yet another option to manipulate the data.
Kudos to Cameron. Thank you!
I highly recommend taking time to watch this 34 minute video, as it should answer all your questions. TaxCycle has added several enhancements from last year, so even I learned a few things from this presentation.
Thank you for your comments and for sharing the link. Cameron does not appear to be aged. Over two decades ago, I attended his in-person program demonstration for GreenPoint Software. Based on his video, it seems that I would enter T3 slips from my clients and then reconcile my input against the CRA downloads. I appreciate your insights once again.
Totally agree about Cameron not aging! I also attended a couple of his Greenpoint presentations years back. I think we’re dating ourselves .
I faced the same T5008 dilemma today. My client’s T5008 slips haven’t arrived at CRA yet, so nothing is available on RAC. The values on my client’s T5008 sheet from his broker was not filled in. I had to make a decision about manually entering ALL 3 pages of dispositions, or entering the the 12 aggregated slip amounts, or simply wait for the slips to arrive in RAC and import them with AFR, then do the comparisons with my client’s sheets.
I opted to enter the 12 aggregated slip amounts, compared them with the Realized Gain & Loss sheet from my client as a double check for accuracy, once they are available on RAC, I’ll import the matching aggregate data.
By entering manually today, I at least know that all the data I have on hand is entered and I have a better sense of the final outcome on his return.
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