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Carry forward and plan

Updated: 2016-12-20

Save time when creating a T1/TP1 planning return by using Carry forward and Plan.It combines the actions of carrying forward a return and then getting plan values from the prior year.

This is different from carry forward alone in that instead of bringing forward only amounts (such as unused credits) that were eligible to carry forward from the prior year, it copies values entered on slips and forms in the prior year return, making it quick to plan for the upcoming year without re-entering data.

2019-carry-forward-and-plan

  1. Click Carry forward and Plan.
  2. Browse to where you saved the prior-year tax return.
  3. Select the file(s) you want to carry forward.
  4. Click the Open button

TaxCycle brings in values from certain slips and forms entered in the prior year and uses them in the return. You can then review and modify them based on projected changes for the upcoming year. This also automatically changes the Return purpose in the Filing section on the Info worksheet to avoid filing returns with the plan values.