No, you do not need to re-enter or recalculate any data you have already entered. Any time an update affects tax calculations, the changes take effect immediately.
When you start TurboTax for the first time after updating, TurboTax automatically recalculates your tax data. You do not need to make changes to your data.
Updates can include:
- Last-minute updates from the CRA, including changes to forms and tax laws;
- Fixes to technical bugs;
- Cosmetic fixes like spelling corrections;
- Program changes to address specific usability concerns.