Documentation

Carry forward returns from ProFile®, Cantax®, Taxprep®, VisualTax™ and TaxCycle

Carry forward returns from the following other programs and years into TaxCycle:

  • ProFile® T1 2011 onward
  • ProFile® T1/TP1 2013 onward (if you are running the 2014 Québec TP1 version of TaxCycle)
  • ProFile® T2 2010 onward
  • ProFile® FX (T4, T4A, T5, T5018 from 2012 onward and T3, T3010, T5013 from 2013 onward)
  • Cantax® T1 2011 onward
  • Cantax® T2 2010 onward
  • Cantax® FormMaster (T4, T4A, T5, and T5018 slips)
  • Cantax® T5013*
  • Taxprep® T1 from 2013 onward (we recommend recalculating Taxprep® returns first.)
  • Taxprep® T2** from 2013 onward (.210, .211, .212, .213, .214 extensions; we also recommend recalculating Taxprep® returns first.)
  • Taxprep® Forms (T3010 returns and T4, T4A, T5 and T5018 slips)
  • Taxprep® T5013*
  • VisualTax™ T1 2013
  • VisualTax™ T2**

*planned for 2015 onward during the next tax season
**Taxprep® and VisualTax® T2 carry forwards include some federal schedules and key amounts. There are some forms that we're still working on. In the meantime, here's the list that currently carries forward from each program:

VisualTax™ T2

Taxprep® T2

  • Info
  • GIFI (S100, S125, S140)
  • S1 (Prior year amounts column)
  • S2
  • S4
  • S8
  • S10
  • S50 
  • S53
  • S54
  • Instalment worksheet
  • 5 Year comparative
  • Info
  • GIFI (S100, S125, S140)
  • S1 (Prior year amounts column)
  • S2, S2WS
  • S3
  • S4, S4WS
  • S8
  • S8Reconciliation
  • S10, S10WS
  • CDA worksheet
  • S50 (all but S50 percentage columns)
  • 5 Year comparative

You can also import taxpayer contact information from a VisualTax® database file and TaxCycle will create new returns containing from this data. Learn how...

The purple swoosh

Purple swoosh means carry forward in TaxCycleClick the purple swoosh to carry forward prior-year tax returns from TaxCycle or your old software. After, forms with carry forward information will have a purple swoosh icon and the values that were carried forward appear in purple text.

How to carry forward individual returns

Carry forward from the Start Screen in TaxCycle

To carry forward any type of return from any year:

  1. Click Carry Forward.
  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 to create a TaxCycle return for the next year.

If you already know what type of tax return you want to carry forward:

  1. Click on a tax module.
  2. Click on Carry forward for the year of return you want to create. 
  3. Use Carryforward and link to create linked TaxCycle and DoxCycle files in a single step.
  4. TaxCycle opens up to the default folder for the prior tax year files. (You can set this default file location in Options.)

See Batch carry forward to learn how to carry forward a group of files using the Client Manager.

If you're carrying forward from TaxCycle to TaxCycle, it's easy to refresh a carry forward from the prior year. Learn how...

Carry forward of Family Returns

TaxCycle will carry forward family returns from Cantax® T1 (coming soon for Taxprep® T1 too). Carry forward returns the same way you always do in TaxCycle (learn more about family returns). This creates a single TaxCycle file with the taxpayer/spouse and dependants.

When you carry forward family linked returns from ProFile® T1, carry forward the taxpayer/spouse file and then each dependant file. This creates a new file for the taxpayer and spouse, and then also separate files for each of the dependants. You must then add these dependant files to the taxpayer/spouse return to create a family return (see instructions below). 

Be aware that after you add a dependant file to a family return, TaxCycle does not delete that dependant file. It no longer uses this separate file, though, so you can delete it if you wish.

Memo carry forward and drag-and-drop

If you carry forward memos from Intuit ProFile® into TaxCycle, the memos will be associated with the original form, with to a specific field on that form.

After carrying forward, you can drag and drop these memos onto fields if you wish:

  1. Drag and drop memos from the Review message list to a new fieldTo view all forms with associated memos, select the Memos view in the Prepare (F7) forms list.
  2. Click the M icon to the right of the form name to open the form and jump to the Review list with the Memos on current form view selected.
  3. From the Review (F9) message list, drag the memo to the field you want.

This also works if you want to drag the memo to a different form. Open the form you want, click on the memo and hold down your mouse button. While holding the button, move your cursor to a field on the form and then let go. 

To learn more about adding and editing memos, read our new help topic.

Carry forward from ProFile® FX, Cantax® FormMaster
and Taxprep® Forms

Carry forward ProFile® FX, Cantax® FormMaster and Taxprep® Forms files in the same way you carry forward any other file into TaxCycle.

If there is only one type of slip in these files, TaxCycle will create a TaxCycle return for that slip. For example, if the ProFile® FX file contains only T4 slips, TaxCycle will create a TaxCycle T4/T4A file with the carry forward information.

However, if there is more than one type of slip in the file, TaxCycle will ask you which slip type you would like to carry forward. Here's how it works:

  1. Click File and then on Carry forward in the column on the left.
  2. Browse to the folder where you saved last year's file.
  3. Select the file and click the Open button.
  4. In the dialog box that appears, check off the slip types you wish to carry forward.
  5. Click Carry forward button to create each separate TaxCycle slips file. 

TaxCycle opens each of these files in separate windows so you can begin working on them.