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jmfskipper

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  1. Hi, I just received a 1042-S form from dividends income from a US stock. How do I go about entering the information from the 1042-S form into UFile? I selected "Foreign income - dividends" and U.S. Then entered the exchange rate. 1042-S states Gross income of X, with Exemption code 15, Tax rate 15.00, and Federal tax withheld Y. Should I enter X or X-Y into "foreign income received"? Y was already deducted at source. "foreign tax paid" is Y (btw, this amount makes no difference in total refund!) Anything in the "Income exempt under a tax treaty"? I found that a large % (greater than my highest tax bracket) of "foreign income received" will be deducted off my final refund. I don't get it! Thanks for any insights.
  2. Thanks for the response. I read through each step, and I had already completed each of these steps; however, the field that says "LLP Payment" in the generated Tax Return pdf continues to show $0. The amount of LLP repayment designated is showing under "RRSP income" instead. This isn't a typical scenario, because there is an over-contribution above my 2022 RRSP deduction limit by design, but the "over-contributed" portion is exactly the amount to be designated for LLP repayment. I also contribute to a spousal RRSP. My scenario: "RRSP/PRPP deduction limit for 2022 (2021 assessment)" = $Y "Contributions you made to your spouse's RRSP" (March to December 2022) = $Y+$X "LLP amount that should be repaid in 2022" = $X "Contribution designated as your 2022 LLP repayment" = $X UFile program allocates $X to "RRSP income" instead of applying it to "LLP Payment" Two possible factors that aren't typical are: Over-contribution, and spousal RRSP. I may have discovered the cause of this issue after another test. I moved my spousal RRSP contribution TO my own RRSP contribution, and the problem goes away, i.e. in the generated Tax Return pdf, "LLP Payment" shows $X correctly, and $0 at "RRSP income". Does it mean UFile takes another path if it's related to spousal RRSP? Thank you, for your help.
  3. This is UFile Windows 2022, and already using latest software updates. Part of my RRSP contribution is supposed to be a repayment for my LLP, say $X, which is the same as the "LLP amount that should be repaid in 2022" I entered $X in "Contribution designated as your 2022 LLP repayment". BUT, when I generate the Tax Return pdf file, the field that says "LLP Repayment" is empty ($0). The empty field is Line 6 under "Table K - Calculation of repayment of RRSP lifelong learning plan (LLP)". This is incorrect. I see the $X showing up under "RRSP income", which is also incorrect. In fact, I think the error was in 2021 UFile too, because I had to call CRA to make a return adjustment last year due to the same problem. The "LLP repayment" amount got filed as "RRSP income" causing an error in the return. Please let me know what's going on, or if I'm not entering the information at the right place. Thanks, James
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