I have a new client and I need to know how to include the previous year's data (only a paper copy is available) when I create a new T2 client file for the current year?

Answer

Hello Garfield,


The fastest way is to T2 AFR (auto fill), this should populate most of the information from a prior year return. To learn more on this feature, please visit https://profile-en.community.intuit.ca/articles/1734563-import-client-data-for-t2-returns-directly-f...

Not everything gets imported so ensure to review the import and amounts that are remaining. 


Previous data can also be filled manually by going to the respective forms like s1,s100,s125 and filling out prior year column. If there are prior non capital losses, ensure to also fill them out on S4supp. Hope that helps in getting you started.

Have a great weekend!

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