T3 - Capital Gain

[Haze_325]

Can you please add me to the list for notification of when this Capital Gain splitting will be fixed, or when it is fixed.

spent a lot of time trying to figure out what was happening, it doesn’t seem to be too difficult of a fix, perplexed here, can’t understand what’s taking it so long.  

Hz

[TurboTaxAniqua]

@Haze_325 We are aware of this issue, and our development team is working on a resolution. Currently we don't have any ETA. Once it is resolved, we will update you in this thread. We appreciate your patience.

[smhardeman]

I am also getting this same error an wondering why this fix is taking so long. 

[Haze_325]

Is it possible to get a refund for this software that had never worked right this year for us?

I’ve been using and recommended TT to family and friends for decades, I can’t no longer do that but have now told them to look for alternatives   

i was a programmer/coder and for the life of me I can’t understand what’s the real issue is to fix this, doesn’t seem to be that complicated given that it is just a one function program, file and process tax returns.   It’s is not as if it is a payroll programs with unions, benefits to calculate, connections to external systems etc?? 

I fell that TT doesn’t feel the urgency here, fix it or refund us the $ and we can both move on! 

[nerdboyjoe]

@Haze_325 long time developer of financial software and enterprise software here. I agree with you. This bug doesn’t seem too complicated to fix.

[Haze_325]

The standard answer is ‘we know about the issue and looking into it’,  ‘thank you for your patience’.     I wish we can tell CRA and thank them for ‘their patience’ while we teach ourselves to add and subtract, calculate percentages.

Quit just  looking into it, it’s been days of looking.  You have to start to actually examine the codes, analyze and fix it, people paid you guys for this already.  
I for one is running out of patience for you to thank me for!!

Hz.-

[nerdboyjoe]

@Haze_325  I gave up today and successfully Netfiled with WealthSimple. Easy peasy. You can read about my experience on one of the other threads.

[Haze_325]

Thank you for the info on WS.   I will check out your post on it.

And 'Yes', I have been reading about alternatives tax program and WS is highly recommended.

I will wait for a few days to see if TT is able to address these issues we are experiencing, I hate to have to re-enter the data into a new Tax program, it's all ready to go when I noticed my capital gain $ wasn't being split. And, besides they've already got my $$.   (wonder if Costco will take it back as a return?).

[rocky hershie]

Dear Turbo Tax:

The Errors within the TT software for Box 52 and Box 53 for T3 should be removed.  For your info, the government of Canada have announced the proposed CG inclusion rate increase have been deferred to Jan 1st, 2026.  For the 2024 tax return, CG rate remains at 50%.  

News release

January 31, 2025 - Ottawa, Ontario - Department of Finance Canada

Today, the Honorable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, announced that the federal government is deferring—from June 25, 2024 to January 1, 2026—the date on which the capital gains inclusion rate would increase from one-half to two-thirds on capital gains realized annually above $250,000 by individuals and on all capital gains realized by corporations and most types of trusts. The capital gains inclusion rate represents the portion of capital gains that is taxable.

I look forward to the software fix/updates - I hope very soon.

Thanks. 

[nerdboyjoe]

@rocky hershie Wow! So Intuit has known about this for 2 months! Why the eff is it taking them so long for a fix?