I’m switching to Wealthsimple Tax. What do I need from last year?
It's easy to switch to Wealthsimple Tax. Most people have very few numbers that they need from last year's return, so even though our competitors don't provide you with a handy file you can upload, it's easy to get started.
You can find the most common amounts you'll need on your Notice of Assessment or in CRA My Account. You may also have received a summary from your software last year. To add something from this table to Wealthsimple Tax, use our search box.
There's a good chance that most of the things in this table won't apply to you.
|RRSP information||RRSP and PRPP Contributions & Deduction|
|Unused tuition amount||Tuition, Education, and Textbook Amounts|
|Unused donation amounts||
Donations and Gifts
Answer "Yes" to the question "Do you have any unused donations and gifts to carryforward from prior years?" and enter the amounts
|Unused student loan amounts||
Interest Paid on Student Loans
Answer "Yes" to the question "Do you have any unused student loan interest from prior years?" and enter the amounts
|CCA (for contractors, landlords, or small business owners)||
Enter last year's closing UCC in this year's opening UCC column for each class
|Unused use-of-home claim (for contractors or small business owners)||
Enter the unused amount in the Use-of-home tab
|CNIL (if you had investment losses in prior years)||
Calculation of Cumulative Net Investment Loss
Enter the last two rows (lines 16 and 19 of last year's T936)
Less common things like unused employment expenses, certain provincial credits, mining credits, capital gains deduction amounts, and alternative minimum tax carryforward can be found using the search box. You can always send us an email if you have a question.