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Carry forward returns from ProFile, Cantax and TaxCycle

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

  • ProFile® T1 2011 and 2012
  • Cantax® T1 2012
  • TaxCycle T1 2012
  • ProFile® T2
  • Cantax® T2
  • ProFile® FX (currently creates T4, T4A, T5 and T5018 returns)

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

To carry forward a file:

  1. Click Carry Forward in the column on the left.
  2. Browse to the folder where you saved last year's tax returns and select the file you want to carry forward.
  3. Click the Open button to convert the data.

To carry forward a T1 return and create a DoxCycle file at the same time, click Carry forward and link.

See Carryforward and link to create linked TaxCycle and DoxCycle files in a single step.

Carry forward from ProFile® FX

Carry forward ProFile® FX files in the same way you carry forward any other file into TaxCycle.

If there is only one type of slip in the ProFile® FX file, 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 ProFile® FX 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 ProFile® FX 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.

 

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