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pupuch06

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  1. If you still do not see the credit on OTB form, please contact the Ufile team via email.
  2. You can apply for the Ontario Senior Homeowners' Property Tax Grant (OSHPTG), if, on December 31st, 2014, you met the following conditions: a) You were 64 or older. b) You owned and occupied a principal residence in Ontario for which property taxes have been paid by or for you in 2014. The OSHPTG is not paid automatically. To apply for this grant, please follow these steps: 1. In the "QuikClik Navigator", select "Ontario tax and credits". 2. On the screen on your right-hand side, choose "ON-BEN - Application for 2015 Ontario Trillium Benefit...". 3. On the page that appears, on the line ''The taxpayer elect to receive the 2015 OTB entitlement in one payment in June 2016? (Yes/No)'', choose the option that corresponds to your situation in the drop-down menu to the right. 4. Return to the "Ontario tax and credits" section in the "QuikClik Navigator", select "ON-BEN - Declaration for home owners" on the page to your right and enter your information on the newly generated page. If you meet the eligibility requirements, box 6113 will be checked off and your total amount of property tax paid in 2014 will be reported in box 6112. Part B on the back of the form will be completed according to the information you have entered. The amount that you will receive for 2015 will be determined according to the information provided on your 2014 tax return. You will receive your grant within four to eight weeks after receiving your Notice of assessment. The program will generate an estimate of the Ontario Trillium Benefit.
  3. As of July 2012, the Ontario Trillium Benefit (OTB) will include payments from the Ontario sales tax credit, the Ontario energy and property tax credit, and the Northern Ontario energy credit. The payments of these three credits will be combined and delivered on a monthly basis to better match the timing of the assistance with the expenses incurred by the taxpayers. You must apply and be eligible for at least one of these credits to receive the OTB. The component of the sales tax is linked with the claiming of the GST, whereas components of the tax credit for energy costs and property taxes are linked with the claiming of ON-BEN. To claim the OTB using the program, please follow these steps: 1- In the "QuikClik Navigator" section of your tax file, select "CRA questions" and apply for the GST/HST tax credit. Choose "Yes" from the drop-down menu and click on "Next" at the bottom of the page. 2- Return to the "QuikClik Navigator" and select "Ontario tax and credits". 3- On the screen to your right, select "ON-BEN - Application for 2015 Ontario Trillium Benefit (Ontario sales tax credit, Ontario energy and property tax credit, Northern Ontario energy credit) and the Ontario Senior Homeowners' Property Tax Grant". 4- Claim your credits, then click "Next" at the bottom of the page. 5- Return to the "Ontario tax and credits" section and, on the page to your right, select the line that corresponds to your situation ("ON-BEN - Declaration for home owners, tenants or college residence"). Enter your information. 6- Click the "Results" tab. A warning message might appear, indicating that your income is too high to claim the GST credit. Ignore this warning if you wish to receive the Ontario sales tax component. The program produces an estimate of the Trillium benefit for July 2015 to June 2016.
  4. Is your wife a Canadian resident? If you are not sure, please contact CRA to find out the status of your spouse. If she is a Canadian resident and she has received US source pension income, please follow the intruction below. Your foreign pension may qualify for a tax deduction under the terms of a treaty signed between Canada and the originating country. If you do not know whether any part of your foreign pension is tax exempt, contact the CRA. To enter the amount of your foreign pension income, follow the steps below: 1. In the "QuikClik Navigator" located on the left-hand side of the screen, click on "Interview setup". 2. On the page that appears on the right, check the box "Foreign income and foreign property (T1135)" and click on "Next" at the bottom of the page. 3- Return to the "QuikClik Navigator" and select "Foreign income and property". 4- On the screen to your right, click on "Foreign pension income (includes U.S social security benefits)". 5- On the new page generated, you must enter the "Country from where you received the foreign income", a brief "Description of the source of the foreign income" as well as the "Exchange rate to apply". 6- For the line "Type of foreign pension income", choose the income that corresponds to your situation from the drop-down menu on your right. 7- For the line "Amount of foreign income received", enter the amount you received. If part or the entire pension is exempt from tax under an agreement or a tax agreement concluded between that country and Quebec or Canada, you can claim a deduction for income not taxable under a tax treaty. The International Tax Services Office of the Canada Revenue Agency can inform you about these tax treaties and arrangements. 8- Once this information is obtained, for the line "Income exempt under a tax treaty (leave blank for US social security benefits)", enter the amount. This amount will be reported on line 256 of the federal return and line 297 of the Quebec return. The code 12 will be entered on Quebec line 296.
  5. You must report your foreign rental income and foreign taxes paid under the "Foreign Income" section by selecting the "Foreing Rental Income" as well as under the "Rental Property Income" section. Even though you enter the income twice, it will be reported once on line 160.
  6. You must report your foreign rental income and foreign taxes paid under the "Foreign Income" section by selecting the "Foreing Rental Income" as well as under the "Rental Property Income" section. Even though you enter the income twice, it will be reported once on line 160.
  7. Hello, Under “Self-employment income” section, in the “Business identification” page, you need complete the section “Products or services and their respective % in the total income” below the 6 digit code.
  8. Hello, If you have an amount on box 26, you should have an amount on box 16 as well. I suggest that you contact the employer to ensure that there is no error on the slip.
  9. Hello, On box 28, you need to select "exempt CPP/QPP".
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