Windows Software Updates

Windows Professional 2022.1

Windows Professional 2023.1

Windows Professional 2025.1

Windows Professional 2025.2

What’s new since version 2022.1

This version can be used to file between Fiscal Year Start January 1, 2020, and Fiscal Year End October 31, 2022

T2 jacket

Removed direct deposit information from Page 9

Schedule 141

Updated schedule 141 to comply with CRA

Schedule 5

Updated schedule 5 to comply with CRA

Schedule 8

Updated schedule to include immediate expensing as per Bill C-19

Updated automobile deduction limits for class10.1 ($34,000 before tax) and class 54 ($59,000 before tax)

All provincial tax calculations are updated

Added schedule 63

Return of fuel charge proceeds to farmer’s tax credit

What’s new since version 2022.2

This version can be used to file between Fiscal Year Start January 1, 2021, and Fiscal Year End October 31, 2023

Netfile T1135 using WAC

Netfile users can now also netfile T1135 using WAC (Web Access Code)

Schedule 200 (T2 jacket)

Added the Japanese yen (05 JPY) to the currency field on line 079

Added a new line: Line 925 (RepID)

Removed lines 460, 465, and 480

Schedule 141

Substantially revised Schedule 141

Updated the wording of question 111 in Part 1

Added new lines in Part 2: 300, 301, 302, 303, 304, and 305

Added new lines in Part 5: 310, 311, 312, 313, and 314

Removed lines 110 and 198

Schedule 27

Updated to the final version dated February 21, 2023

Removed the calculation for amount 14C in Part 14

Revised Part 15 and Part 16

Schedule 444

Added sections 1 through 3 for the Yukon Business Carbon Price Rebate

Schedule 8

The ceiling for CCA (Capital Cost Allowance) for Class 54 zero-emission passenger vehicles has increased from $59,000 to $61,000, before tax, in respect of vehicles (new and used) acquired on or after January 1, 2023

UHT2900

Added the underused housing tax form

Schedule 89

Updated schedule 89 to latest forms released by CRA

T2054: Election for a Capital Dividend Under Subsection 83(2)

Updated form T2054 lo latest form released by CRA

Removed T2 Schedules

Schedule 504, Ontario Resource Tax Credit

Schedule 552, Ontario Apprenticeship Training Tax Credit

Alberta AT1 Form Changes

Alberta installments calculations have been added

AT1 Schedule 13 (Alberta Capital Cost Allowance - CCA)

Revised to harmonize with the federal Schedule 8 to allow immediate expensing

AT1 Schedule 100 (AT1Exempt)

Alberta Form AT100 has been discontinued and replaced with the Filing Exemption Checklist

AT1 Schedule 1

Updated AT1 Schedule 1 line 015 business rules and comments

What’s new since version 2025.1

This version can be used to file between Fiscal Year Start January 1, 2023, and Fiscal Year End October 31, 2025

1.Unified Entry for Schedule 9 and Schedule 23

What’s New:

Schedules 9 and 23 have been combined into a single integrated form for improved usability and reduced duplication in data entry.

Schedule 9: Identifies related and associated corporations.

Schedule 23: Used to allocate the business limit among those corporations.

In Previous Versions (2024 and earlier):

Data was entered in Schedule 9, then in the Associates Worksheet separately for Schedule 23.

In TaxTron T2 2025.1:

A single “Associates” form now handles:

Corporation identification (formerly Schedule 9)

Business limit allocation (formerly Schedule 23)

No changes to the calculations — only the entry process is streamlined.

Access the new form via Forms Manager → Search “Associates”.

Web Version Users:

No change. Continue to answer: “Is the corporation related or associated with another corporation?” and complete the related corporations section as before.

2.New Refundable Investment Tax Credits (Schedules 75, 76, and 78)

The 2025.1 release introduces three major refundable ITCs aligned with Canada's 2050 net-zero goals:

Clean Technology Investment Tax Credit (Schedule 75)

Applies to: Class 43.1 and 43.2 properties (clean energy generation).

Covers Classes: 8, 10, 12, 38, 41, 41.2, 43, 43.1, 43.2, 53, 56.

Eligibility: Available for use on or after Jan 1, 2024, before 2035.

Carbon Capture, Utilization, and Storage (CCUS) ITC (Schedule 78)

Applies to: Classes 57 and 58 (CO₂ capture & storage).

Properties must be available for use after 2021, up to Dec 31, 2030.

How to Claim These ITCs in TaxTron 2025.1

Start with Schedule 8 (CCA Workchart):

Input details for eligible investments.

Select the applicable Class Number.

At the bottom of the worksheet, indicate the ITC being claimed:

1. Clean Technology ITC

2. Clean Technology Manufacturing ITC

3. CCUS ITC

3.Schedule 8 / CCA Enhancements

Enhanced logic and updated asset class handling to support ITC-related classes.

Schedule 7 Improvements

Updated to meet current tax compliance standards and improve reporting accuracy

These updates are part of our ongoing commitment to help users maximize tax efficiency, streamline compliance, and access new sustainability-focused tax incentives.

Summary of Key Updates in TaxTron T2 2025.2

Filing Period Support

• Supports Federal T2 and Alberta AT1 corporate tax returns for taxation years spanning January 1, 2023, to May 31, 2026.

Enhancements and New Features since T2 2024.2

1. Unified Entry for Schedule 9 and Schedule 23

What's New:

Schedules 9 and 23 have been consolidated into a single integrated form to improve usability and streamline data entry.

• Schedule 9: Identifies related and associated corporations.
• Schedule 23: Allocates the business limit among those corporations.

Previously (2024 and earlier):

• Data entry was performed separately for Schedule 9 and the Associates Worksheet for Schedule 23.

In TaxTron T2 2025.2:

• A new "Associates" form now manages:
  • Corporation identification (formerly Schedule 9)
  • Business limit allocation (formerly Schedule 23)
• No changes have been made to calculations—only the entry process has been optimized.
• Users can access the form via Forms Manager → Search " Associates".

Web Version Users:

• No changes required—continue to answer:
• “Is the corporation related or associated with another corporation?” and complete the section accordingly.

2. Introduction of Refundable Investment Tax Credits (ITCs) – Schedules 75, 76, and 78

TaxTron T2 2025.2 introduces three major refundable ITCs aligned with Canada's 2050 net-zero goals:

Clean Hydrogen Investment Tax Credit (Schedule 74)

• Eligibility: For assets available for use between March 27, 2023, and January 1, 2035.
• Refundable credit: Up to 40% of eligible costs.

Clean Technology Investment Tax Credit (Schedule 75)

• Applies to: Class 43.1 and 43.2 properties used for clean energy generation.
• Eligibility: For assets available for use between March 27, 2023, and January 1, 2035.
• Refundable credit: Up to 30% of eligible costs.

Clean Technology Manufacturing ITC (Schedule 76)

• Applies to: Assets used in clean technology manufacturing or critical mineral processing .
• Covers Classes: 8, 10, 12, 38, 41, 41.2, 43, 43.1, 43.2, 53, 56.
• Eligibility: Available for use on or after January 1, 2024, until 2035.

Carbon Capture, Utilization, and Storage (CCUS) ITC (Schedule 78)

• Applies to: Classes 57 and 58 for CO2 capture and storage.
• Eligibility: For assets available for use between 2021 and December 31, 2030.

How to Claim ITCs in TaxTron 2025.2:

1. Begin with Schedule 8 (CCA Workchart):

• Enter details of eligible investments.
• Select the applicable Class Number.
• At the bottom of the worksheet, indicate the ITC being claimed ( Clean Hydrogen Investment Tax Credit , Clean Technology ITC, Clean Technology Manufacturing ITC , or CCUS ITC).

2.Complete the corresponding schedule (75, 76, or 78) for final details.

Additional Enhancements

• Schedule 8 (CCA) Enhancements:

• Improved logic and updated asset class handling to support ITC-related categories.

• Schedule 130 Enhancements:

• Designed to align Canada's tax regulations with international standards on base erosion and profit shifting (BEPS).
• Effective for tax years starting on or after October 1, 2023.

• Sign-Up for Email Notifications for My T2 Account:

• Email registration is no longer available through the software.

For netfile users:

Changes in receiving WAC and DAC online.

NetFile updates: WAC/DAC access now requires NOA date and tax amount details (Part I Tax, Total Fed Tax, or Net Balance).

Commitment to Efficiency and Compliance

TaxTron T2 2025.2 continues to evolve, ensuring users maximize tax efficiency, streamline compliance processes, and access new sustainability-focused tax incentives.