I have been using Ufile in the last 10 years or so, using UFile online since about 5 years ago. This is my first question in this forum.
Early this week I login to my UFILE 2019 Online based tax prep. I noticed a very large negative carry forward in TCG (capital gain) of over -$250,000 but I just continue filling in my tax return. Days later I found out that I made a typing error in my 2018 tax year entry in one of the T5008 form (selling of a share), I keyed in an amount of 100x the actual cost based, instead of 5,141.99 I keyed in 514,199.00.
Yesterday I called CRA to ask for support and was told to just changed the amount of a line number (forgot whether it is line 120 or 150).... and submit this to CRA and wait about 10 days for CRA assessment.
My question: if my submission is accepted:
what should I do?
1. redo NETFILE for 2019? or Refile? Or no need to do this since CRA will already corrected my T5008 error?
2. delete my 2019 partly filled file
3. create a new 2019 file - to fill in all from scratch except those carry forwards info
Please advice