Carry Forward Information
Carryforwards include unused credits that can be carried
forward to future tax years to reduce your tax liability for those
years, as well as other information that can be used in the
calculation of your tax returns for the following
years.
They include:
GST/HST rebate;
QST rebate (QC);
CNIL (Cumulative Net Investment Loss);
some RPP (Registered Pension Plan) contributions;
information related to RRSP, HBP (Home Buyer's
Plan)
LLP (Lifelong Learning Plan);
Donations;
Tuition;
Investment tax credit;
Investment Expenses (QC);
ATM (Alternative Minimum Tax);
Foreign Business tax credit;
Moving Expenses;
Provincial Tax credits;
T2125 Self Employment Income - Capital Cost Allowance
amount (CCA),
T776 Rental Property - Capital Cost Allowance amount
(CCA)
and others.
Each carryforward is subject to its own rules. The information
can be viewed on the CRA or Revenu Quebec website or through the
General Income Tax and Benefit guide (CRA) or the Guide to the
Income Tax Return (Revenu Québec).
The exact amounts that are available to be carried forward can
be found on your previous year's Notice of Assessment or the last
Notice of Reassessment received from the CRA or Revenu Québec (if
applicable).
UFile provides, based on your data entry, the available
carryforwards. If you wish to know about the carryforwards
available for the next tax year, consult the page "Summary of
carryforward amounts" in the "Tax Diagnostics" section
of the tax return's PDF file. UFile also offers the possibility to
manually enter the carryforw ard information in the file.
NOTE: We suggest that you compare your carryforward
information received from the CRA or Revenu Québec Assessment or
Reassessment to the information in the file.
ID: 20201209140812NA.xml
Webpage: KPA310-20201209140812NA.htm