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New Member
posted Apr 29, 2023 10:34:13 AM

2021 Reassessment declined some tax credits and I owed more than $4,000.

Should I correct this in the 2021 summary before filing?

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1 Replies
Level 1
May 1, 2023 11:10:26 AM

Most tax credits are only applicable for the specific tax year, however some tax credits such as tuition credits could affect carryforward balances that might be applicable to 2022. So, it depends which credit.

 

But generally, the info in the comparative summary is for info purposes only and does not affect your 2022 filing.