Why is NetFile blocked to people with 2024 Capital Gains? TurboTax Blog Post says CRA differed the CG’s start date to Jan 1 2026 so why is 2024 NetFile affected?

[maillet-m]

I received a message saying that my NetFile can’t go through because I have Capital Gains in my return and that CRA was checking to make sure the forms are all good to go before accepting NetFile from clients reporting Capital Gains or Losses. That’s great and all but after reading the Blog Post concerning the matter, the blog says that CRA has differed the start date of the new rates to only come into effect Jan 1, 2026 and that the 2024 returns will be assessed same way as 2023 returns were assessed. Based on this information and knowing that 2023 returns HAVE been assessed by CRA, this leaves me confused as to why there currently is a block in the NetFile for 2024 taxes? Because according to the differed deadline, if NetFile is to be blocked because of the new Capital Gains tax rates, then a block in the NetFile system should only happen in 2027 year for 2026 tax year returns because the Jan 1, 2026 also bypasses 2025 year returns. In the way I analyze this, I should be able to file my 2024 income taxes at any time regardless of Capital Gains and or Losses? Right?

[TurboTaxAniqua]

Thank you for the feedback. Schedule 3 will be updated, and all the locked forms will be unlocked and ready by the 20th of March, 2025. We appreciate your patience.

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