Taylor says she will be doing everything to help Carrington prepare.
"It can be lonely as an individual in this sport. I'll be doing everything I can to support her. I think she's enjoyed getting out there [in the K2 500] and getting those race feelings. I have every confidence in her fitness; in training she's going great. She keeps dusting me up over 200m in practice and I'm like 'wow'. It's exciting to watch her."
Originally the K2 500 had almost been viewed as a training aid for Carrington who, as the reigning K1 200m world champion, is an Olympic medal favourite.
However, when she teamed with Taylor at the World Cup in Poznan, Poland the K2 loomed as an outlying chance for Olympic medal success when they finished fifth, beating the world champion Austrians.
Earlier in the campaign Carrington said the presence of Taylor provided benefits.
"Having a teammate helps a lot with switching on and switching off. It's really important for us - you put your business hat on and then you go home, take it off and relax. I think it's important to really balance that out, or else you can get too highly strung and burn out."
Fellow New Zealander Teneale Hatton has finished 7th in the B final of the K1 500.