Refundable Credit Filing Issue: Message to EFILERS

On February 18, CRA emailed the following message out to EFILERS:

Legislative changes

As we head into the 2022 filing season, we would like to provide you with important information that may impact tax return preparation and processing for a subset of your clients. There are several refundable tax credits included in Bill C-8, Economic and Fiscal Update Implementation Act, 2021:

  • Return of Fuel Charge Proceeds to Farmers Tax Credit (Form T2043)

  • Eligible Educator School Supply Tax Credit

Although your certified tax software may perform the calculations, the Canada Revenue Agency (CRA) cannot process claims for the above items until supporting legislation has been enacted. Therefore, if your clients plan to claim any of these credits, processing cannot be finalized until Royal Assent has been received. Conversations should be had with your clients on the options available to them to meet their individual needs.