EigenCat
Returning Member

Seniors and students

This bug is doubly awful:

 

1) Ok, I understand if TuboTax's position is "you should do the conversion yourself if you enter the T5008 slip". That really sucks (and would cause me to look for different tax-filing software), but at least it's not dangerous.

 

2) BUT, a lot of people don't understand this nuance. They just "auto-import T5008 from CRA" and just assume its correct. Heck, I would assume it's correct based on Turbotax reputation, I'm lucky I bothered to check! But in reality they pay the wrong amount of tax (and most likely, they're UDERPAYING tax, basically they pay tax on $1000 CAD capital gain, when in actual fact their gain was $1000 USD = $1400 CAD).

 

Again, all this with the "auto-import" button, which people assume "just works"!

 

Auto-import should not introduce dangerous errors into your return, period. The support on this thread has been ridiculous, Intuit people just pretending the issue does not exist, posting irrelevant quotes from the CRA, without bothering to actually sit down with pen and paper and see what the issue is.

 

I will be looking for a way to report this directly to the CRA instead, clearly we're not getting support here since it hasn't been resolved for years. They should lose their NETFILE license over this, I am serious.