Although GenuTax Standard handles most tax situations, there
are some circumstances under which you will not be able to use the software to
prepare your income tax return:
if you are a farmer participating in the AgriStability or AgriInvest programs;
if your business operation had a permanent establishment
outside the province or territory where you resided at the end of the taxation
if you are reporting a Nova Scotia Research and
Development Tax Credit Recapture.
If you own or hold foreign property with a total cost of more than CAN$100,000, you must
complete Form T1135, Foreign Income Verification Statement, and send it to
the Canada Revenue Agency's Ottawa Technology Centre at the address indicated on the form. Please note
that GenuTax Standard software does not support the completion of Form T1135, or the electronic
filing of this form using the Canada Revenue Agency's NETFILE service. Instead, if you are required to file Form T1135, and
you use GenuTax Standard to complete and file your tax return, you will have
to download Form T1135,
complete and print a paper copy of the form, and mail it separately from your tax return.
In addition, if you were a resident of Quebec
at the end of the taxation year, you may use GenuTax Standard to prepare
your federal tax return only, the T1 General which is to be
sent to the Canada Revenue Agency. GenuTax Standard does not
support the preparation of the Quebec provincial income tax
return, which is to be sent to Revenu Québec.
Please note that GenuTax Standard software is approved for personal use only.
GenuTax Standard software is not approved
for use by individuals that are in the business of preparing tax returns on
behalf of others. Those individuals should be using software designed for use
Canada Revenue Agency's EFILE service. Our company does not produce