In any tax year, you may have expenses or deductions that you
cannot use on that particular year’s tax return. However,
any portion of tuition fees, moving expenses, charitable donations,
etc. that exceed your allowable amount for use in the year can
be carried into subsequent years for use in a future tax return.
To ensure optimal calculations, it is also important to carefully
keep track of capital gains and losses, as well as RRSP balances.
This will help ensure accurate filing, and save tax dollars.
UFile carries this kind of information for you from year to year.
It also stores personal information such as your name and address,
and those of your family members, so that you never have to enter
them again. UFile will simply roll this information forward into
next year's version of the program.
............
<< Back