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Ufle carryforward


#1

Does TaxCycle plan to carry forward Ufile T1 files, It will be interesting.

Thanks


#2

My understanding is that Ufile is a tax preparation software sold to individuals not professionals. I would be extremely surprised if the carry forward was included


#3

You are right but the problem is that many new clients (that usually prepare themself their annual return) come visit us with last year personal file (Ufile most of the time) . So it will be a time saver.


#4

Yes it would be a time saver for the few people that experience this issue; however, I suspect the time and cost required to create the carry forward would far exceed the benefits. It is not that simple to create a carry forward since I suspect it involves a little bit of brute force to extract the information from a competitor’s file. If I was a betting person, I would say that the chances of this happening are slim to none.