Restrictions

StudioTax can handle most of the tax situations. However, 2006 version contains some restrictions that may prevent you from using StudioTax to prepare your tax return. The following is the list of StudioTax restrictions:

• Form T1219-ON Ontario - Minimum Tax Carryover;
• Partnership income reported on form T5013 or field 122 of the return;
• Form T1139 - Reconciliation of 2006 Business Income for Tax Purposes;
• Form T1273 STATEMENT A - Harmonized CAIS Program Information and Statement of Farming Activities for Individuals;

• Supports only one self-employed statement for the following:

o Business Activities (T2124);
o Commission (T2124);
o Professional Activities (T2032)
o Fishing Activities (T2121);
o Farming Activities (T2042);
o CAIS Program Information and Statement of Farming Activities (T1163).

 

Please note that the Quebec provincial tax is not yet supported. This does not prevent you from using Netfile to file your federal tax.

 

 
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