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Adjustment to privious tax year

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Hi,

 

I was wondering if I can correct a mistake in my 2010 tax file usign Ufile. 2010 was the first time that I used online software and it was the first time that I was filling as graduate student so I put the amount of my stipend in wrong boxes.

 

Here is what I entered incorrectly:

Scholarship amount on T4A should go to Box 105, I entered it under other income with some other income I had in box 130.

 

Here is how I am trying to fix it:

In Ufile adjustment page I selected line 130 to adjust and entered the amount before and after adjustment. Now I don't know if I should adjust line 150 (total income) and line 260 (taxable income) or the adjustment will be implemented automatically.

 

I would also appreciate it if someone tell me how this adjustment will affect my tax return for this year.

 

 

Thanks,

 

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Generally you only need to provide the information that is new or different from your oroginal return. The CRA will automatically "flow through" all the other calculations and issue a new notice of assessment and either a refund or amount oweing. If thereis a choice possible (such as a carry forward or a claim) then indicate that choice in the notes section. You will then need to mail that in, it is not part of your current tax return.

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Generally you only need to provide the information that is new or different from your oroginal return. The CRA will automatically "flow through" all the other calculations and issue a new notice of assessment and either a refund or amount oweing. If thereis a choice possible (such as a carry forward or a claim) then indicate that choice in the notes section. You will then need to mail that in, it is not part of your current tax return.

Thanks Overtaxed 58

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