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Bretonix

UFile Support
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Posts posted by Bretonix


  1. As a non-resident reporting rental income in Canada you submit a special return T1159 also known as an election under section 216 return.

     

    In the Interview there are only three pieces of data to enter

     

    1) the selection of Section 216

    in the Immigrant, emigrant or non-resident section

     

    2) the data about the rental property

    in the Rental income section

     

    3) the tax withheld as shown in the NR4, Box 17 or Box 27

    in the Pension income, T4A section

     - in Box 022 (Federal income tax withheld) of a T4A slip 


  2. It is unfortunate that many T4 issuers do not indicate an amount in Box 56 when they should.

    Use the amount from Box I in your RL-1.

     

    Note that when Box 56 is blank, UFile will use the amount in Box 14.


  3. I assume you are referring to the page Home Accessibility Expenses - Schedule 12.

    Are you using UFile ONLINE (on the Web)?

    If yes, make sure that you entered the dollar amount in the amount field, not as part of the description.


  4. The business loss showing in the Self-employment income section of the T1 return, page 2, is applied against all other income.

    If the result is a negative amount in line 150 (total income),

     - Form T1-A (Request for Loss Carryback) is triggered

     - Non capital loss CF (Federal) worksheet is generated

     

    You are entitled to carry the loss back three (3) years or forward 10 years.

    The carry forward is done by UFile when you trigger the carry forward of your file from one year to the next.


  5. Field 5508 is one of the fields known as "supporting fields".

    It appears only, when necessary, in the electronic record sent to CRA.

     

    Please contact the Support group as they will require an anonymous copy of the taxpayer's file.

     

    UFile ONLINE: help@ufile.ca

     

    UFile for Windows: support@ufile.ca

     


  6. As you work in Ontario and reside in Quebec you received:

     - one T4 slip with ON in Box 10

     - one Relevé 1 with your benefits taxable in Quebec.

     

    1) T4 slip

    In the T4 and employment income section

     - select "T4 income earned outside Quebec"

     

    2) Relevé 1 (RL-1)

    In the T4 and employment income section

     - select "T4 and RL-1 (Relevé 1) income earned in Quebec with QPP contributions"

    Enter the data as follows:

     - Box A - as per your RL-1

     - Box E - as per your RL-1 (there is an amount if you asked to have Quebec tax withheld)

     - Box 56 (RL-1 Box I) - 0.00

     - Box 28 - Exempt CPP/QPP

     - Box J - as per your RL-1

    All other boxes should be blank.

     

    In the Review / Messages section you will see warnings related to taxable benefits and RL-1 Box 211.

    Ignore them.


  7. Has your son been employed in 2016 and was he a full-time student for more than 13 weeks in 2016?

     

    If yes and you entered first his employment income only he would have been eligible to the Working Income Tax Benefit (WITB), line 453.

    Schedule 6 would have been produced.

    When then you enter his tuition information he is no longer eligible to the WITB, line 453 is empty.

     

    If this is not your son's situation,

    please contact the Support group as they may have to see a copy of the file.

    UFile ONLINE: help@ufile.ca

    UFile for Windows: support@ufile.ca

     


  8. You are right, it is a UFile interface change (both Windows and OnLine).

    The data entry page is attempting to mirror the layout of the actual Schedule D,

     - Information about you

     - Information about your spouse

    As a result, a heading QST component is no longer feasible as the QST credit involves the individual and an eventual spouse.

    Data entry for your son living at your home should be,

     - did you live in a dwelling, either alone or ...? - No

     - were you tenant or owner? - Neither tenant nor owner

     - address and northern village as appropriate

    Verify the resulting estimate in your son's Solidarity credit calculation


  9. As the move from Ontario in 2016 was for your wife to start a job in Halifax, only she is eligible to claim Moving expenses.

    She cannot claim any expenses in 2016 as she has no income in that year related to her new job.

     

    However, as explained in Form T1-M, page 2

    http://www.cra-arc.gc.ca/E/pbg/tf/t1-m/t1-m-16e.pdf

    "Unused moving expenses available to carry forward to a

    future year (line 24)

    If you are an employee or self-employed and your net moving

    expenses (line 21) paid in the year of the move are more than the

    net eligible income (line 22) earned at the new work location in that

    same year, you can carry forward and deduct the unused part of

    those expenses from your employment or self-employment income

    you earn at the new work location and report on your return in the

    following years."

     

    Your wife will be eligible to claim the carried-forward moving expenses in her 2017 return against her income in her new job.

     

    All the data pertinent to the move should be entered in your wife's 2016 return.


  10. The capital gains dividends you entered in Box 18 of your T5 were reported as capital gains in Schedule 3, line 174.

    Then, you probably had a positive amount on line 197, so 50% (the inclusion rate) were reported on your T1, line 117 as taxable capital gains.

     

    UFile in turn prepared all the data that needs to be carried over from year to year.

     - the inclusion rate for year 2000

     - other capital gains history

     

    The inclusion rate for 2000 is of interest to persons who had capital gains or losses in that year.

    There were three inclusion rates, from 75% to 66.67% to 50%.

    Depending upon the date(s) on which a person disposed of securities in 2000 the inclusion rate would be one of these values or a weighted average.

    For more information, please consult the Capital gains publication;

    http://www.cra-arc.gc.ca/E/pub/tg/t4037/t4037-16e.pdf

     

    In your 2016 Tax return package you should see the internal charts Capital gains history, federal and Quebec.

     

    Should you want to check the completeness of your historical information, register to the CRA My Account.

    All the data is available for you.

    The information is not available in Revenu Québec My Account.


  11. As indicated in the T1 General Guide, line 214:

    Child care expenses must be claimed by the parent who has the lower net income.

     

    Furthermore, part or all of the income must be "earned income" as defined in Form T778, Child care expenses, page 2

    http://www.cra-arc.gc.ca/E/pbg/tf/t778/t778-16e.pdf

     

    If the income of the lower net income parent is zero (0.00) or does not contain any earned income, no claim can be made for Child care expenses.


  12. Cumulative Net Investment Loss (CNIL)

     

    The CNIL balance is the amount by which the total of all investment expenses exceeds the total of all investment income for all tax years after 1987.  The CNIL can be calculated by filling in CRA's form T936 for each year after 1987.

     

    The expenses for the safety box (2012 & 2013) were, at that time, an eligible investment expense.

    This is why you see the amount as part of your CNIL balance.

     

    The CNIL is used in the calculation of the capital gains deduction available on the sale of qualified capital property.

     

    For more information on the capital gains exemption consult the following link

    http://www.taxtips.ca/smallbusiness/capitalgainsdeduction.htm

     

    In Quebec, the process is similar on Form TP-726.6, although investment income is kept separate from investment expenses.

    In a given year you cannot claim investment expenses greater than your investment income.

     

    UFile tracks your CNIL from year to year as part of the carry-forward process.

     

    Forms T936 and TP-726.6 for a given year provide the detail of all calculations pertaining to that year.

     

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