The Tax year screen
The Tax year screen puts the year in one place: your income, your deductions and an estimate of the tax, line by line. It is a tool for you and for your accountant. It does not file anything.
📋 Reading the statement
Choose the Year at the top. The statement is grouped into Income, Deductions, Credits, Foreign income, Tax and Balance.
Every line says where its number came from:
- Ledger: your transactions in SoloBook.
- Your figures: things you entered yourself.
- Computed: worked out from the lines above.
- Reference: a fixed value for that year.
About this line explains what each line means.
For the current year, the ledger figures are projected from the part of the year that has passed. The screen says so, and it shows the share of the year that is behind you.
An estimate, not a filing. Every number here is an estimate to confirm with an accountant. SoloBook files nothing with CRA. And, like the Budget, the estimate currently works for Alberta only. If the screen cannot give an estimate, it says why: no province set, or no rates for that year yet.
✍️ Your figures for this year
Your bank statements cannot tell SoloBook everything. Under Your figures for this year you enter what only you know, such as RRSP and FHSA deductions, other income, foreign income and instalments you have already paid.
Until you save them, lines marked Your figures show zeros. Those zeros are blanks, not answers, and the screen reminds you.
You can mark a transaction as a registered plan contribution (RRSP or FHSA) in its review panel, and the Tax year screen can use those totals as a starting point for your figures.
🤔 What if I deduct more?
What if I deduct more? lets you try a number. Enter the year’s total RRSP or FHSA deduction as it would be after the change and press Calculate. SoloBook shows the estimated saving or extra cost, the new total and which lines moved. Nothing is saved. To keep a figure, enter it in your figures.
📸 Keeping a snapshot
Save snapshot keeps the statement exactly as it stands today. It is stored as it is and never replaced, and it files nothing with CRA. A snapshot is useful when you want to look back later and see what the numbers were.
Snapshots need your figures to be saved first, so they do not record blanks. If the year is not finished, the snapshot is a projection, and it says so.
🔎 Compare with a notice of assessment
When CRA sends your notice of assessment, open Compare with a notice. Type the figures from the notice, line by line. You only need the lines you have. SoloBook shows Ours, Notice and the Difference, and marks lines that agree.
Nothing is saved or sent anywhere, and SoloBook never sees the notice itself. If you saved a snapshot, the comparison uses it. If not, it uses today’s calculation and tells you the ledger may have moved since.
🧭 Where this leaves you
Use this screen to understand your year and to start a conversation with your accountant. The filing itself, and any tax advice, belong to you and your accountant. Read more at the CRA website .