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Carry forward UFile tax file from 2018 to 2019

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UFile for Windows

I have self-employment and/or rental income from 2018 and I carried forward my UFile tax file from 2018 to 2019 using version 23.01 of the software. Is there anything I need to do?

If you are a business owner and/or have rental property and you attempted to carry-forward your 2018 UFile file to 2019 with the first version of the software (version 23.01*), you will notice that important information was not carried over from 2018 to 2019 for your business or rental property. The information in the Identification section, Motor vehicle expenses, Partners and CCA, and other items may be missing. * Note that version 23.03 was released on January 13 and did not have this issue.

It is recommended to follow the steps below and redo the carry-forward of your file from 2018 to 2019 to ensure you have the right opening balances of the undepreciated capital cost for your depreciable property and any other missing carry-forward information:

1- Update your UFile 2019 software if you haven't done so.

2- Carry forward your UFile tax file again from 2018 to 2019.

3- If you have already entered data in your 2019 file, you must enter it again.

Note: Updating the software is not enough to solve the problem. It is necessary to carry forward the file again from 2018 to 2019.

If you have already started your tax return for 2019 and do not want to start the file over again, then make sure to check the missing carry forwards by referring to your 2018 tax file and enter them manually in your 2019 file.

Finally, you also have the option to not modify your tax file and wait until the next software update scheduled for February 6, 2020, before continuing in the file. During the next update, the software will try to identify the missing information and notify you so that you can take action if necessary.


 

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I have self-employment and/or rental income from 2018 and I started my 2019 tax file before January 13, 2020. Is there anything I need to do?

If you started your 2019 tax file before January 13, 2020, you will notice that important information was not carried over from 2018 to 2019 for your business or rental property. The information in the Identification section, Motor vehicle expenses, Partners and CCA, and other items may be missing.

This issue is corrected since January 13, 2020, but the correction applies only to 2019 files created after this date.

For files that were started before January 13, 2020, you have three options:

Option # 1: Do not modify the tax file and wait until the next software update scheduled for February 6, 2020, before continuing in the file. During the next update, the software will try to identify the missing information and notify you so that you can take action, if necessary.

Option # 2: Contact our Support team https://www.ufile.ca/contact/contact-us and they will walk you through the steps to follow in order to rectify your file.

Option # 3: Check the missing carry forwards by referring to your 2018 file and enter them manually in your 2019 file if necessary.

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I'm using version 23.08, which is the latest update.  Since I'm not far into my tax file, I delete the 2019 file to start fresh and hoping the latest update will work.  UFile still doesn't carry forward and of my prior year capital losses.  It also doesn't carry forward rental property information.  Will there be a technical solution for this?

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