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Elvira

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  1. In most cases it's a warning, not an error message, which can be disregarded, since it will not prevent you from NetFiling your return. The reason the software gives this warning could be due to $0 entry for rent expenses. It recognizes your entitlement to the credit based on your financial or other situations, but is not able to calculate the estimated amount based on the $0 entry in the residence expenses field. If you want to see if you qualify to receive the OTB and the estimate of how much you can get, you can use the Tax Credit Calculator of Ontario Ministry of Finance at: http://www.fin.gov.on.ca/en/taxcredits/CalculatorQuestions.asp
  2. As your dependents, your parents will not be able to claim the ON BEN credit. You will have to choose, whether you want to claim the caregiver amount (thus include them as your dependents in your tax return) or let them claim the Ontario Trillium Benefit amount (thus, let them file their own return). As per Ontario Ministry of Finance: How do I get the Ontario Trillium Benefit? You need to file your personal income tax and benefit return, even if you don't have any income to report: Include a completed ON-BEN Application for the Ontario Trillium Benefit and the Ontario Senior Homeowners' Property Tax Grant, which is part of your return Tick Yes to the question 'Are you applying for the GST/HST credit or the Ontario sales tax credit?' on page 1 of your return. The Canada Revenue Agency issues the Ontario Trillium Benefit payments on behalf of the province. You must apply for the Ontario Trillium Benefit every year, as your eligibility can change from year to year because of changes in income, age, where you live and your family status.
  3. Once you make the request as per above entries, the software will generate T1A - Loss CB (2 pages) form in your Tax Return. It will not show on your Results page.
  4. Your entries are correct. You need to claim separately personal use percentage for rental property and for business home office expenses, i.e. 70% of personal use for rental property and 85% of personal use for home office. Since the principles used for calculations are quite different in each case and indicating 55% would be misleading.
  5. To carry the loss that you incurred in 2013 up to 3 years back: 1. Go to Interview Setup in QuikClik Navigator 2. Tick the box for Losses of prior years, carrybacks 3. In the QuikClik Navigator find newly appeared section Losses and carrybacks, click on it. 4. From the list on the screen choose T1A - Request for Loss Carryback (loss which occurred in 2013). 5. Fill up the form T1A - Request for Loss Carryback based on your situation.
  6. Elvira

    T4 box 81 and HST

    To enter the amount displayed in Box 81 of your T4 slip, you must follow these steps: 1- In the "QuikClik Navigator", located on the left-hand side of the screen, click on "T4 and employment income". 2- On the right-hand side of the screen, select among the first two options ("T4 and Rl-1 (Relevé 1) income earned in Quebec" or "T4 income earned outside Quebec") the one that applies to your situation. Enter the information shown on your T4 in the appropriate boxes. 3- Go to the bottom of the "T4 slip income" page, and in the last section "Other information", select "Memo Box 81/29=11 Placement or employment agency workers" from the drop-down menu and enter the amount in the field. Once you have followed the steps above, you must also enter box 81 of the T4 as business income. In order to do so, please follow these steps: 1- Return to the "QuikClik Navigator" and click on "Interview setup". On the right-hand side page, select "Self-employed business income" and click "Next" at the bottom of this page. 2- Click on the line "Self-employment income" that appears in the "QuikClik Navigator" and select one of the T2125 forms on the right side of the screen that best represents your business. As a rule, you should choose "T2125 - Business income". 3- On the "Business identification" page, enter your full name at the line "Business name" and enter the other mandatory information in the sections marked with a red asterisk. 4- For the line "6-digit code from the North American industry classification system", enter the code that best describes your industry. If you do not know the code, click on the help button (?) located on the right side of the box to access a list of the codes. 5- In "Income, expenses", enter $0 on the line "Gross sales, commissions or fees" and enter the amount in Box 81 on the line for "Placement or employment agency workers (T4 box 81)". If you have any expenses related to this income, fill out the boxes according to each description. The program will generate federal form T2125 and, if applicable, Quebec Schedule M as well as form TP-80.
  7. Elvira

    T4 Box 81

    To enter the amount displayed in Box 81 of your T4 slip, you need to follow these steps: 1- In the "QuikClik Navigator", located on the left-hand side of the screen, click on "T4 and employment income". 2- On the right-hand side of the screen, select among the first two options ("T4 and Rl-1 (Relevé 1) income earned in Quebec" or "T4 income earned outside Quebec") the one that applies to your situation. Enter the information shown on your T4 in the appropriate boxes. 3- Go to the bottom of the "T4 slip income" page, and in the last section "Other information", select "Memo Box 81/29=11 Placement or employment agency workers" from the drop-down menu and enter the amount in the field. Once you have followed the steps above, you must also enter box 81 of the T4 as business income. In order to do so, please follow these steps: 1- Return to the "QuikClik Navigator" and click on "Interview setup". On the right-hand side page, select "Self-employed business income" and click "Next" at the bottom of this page. 2- Click on the line "Self-employment income" that appears in the "QuikClik Navigator" and select one of the T2125 forms on the right side of the screen that best represents your business. As a rule, you should choose "T2125 - Business income". 3- On the "Business identification" page, enter your full name at the line "Business name" and enter the other mandatory information in the sections marked with a red asterisk. 4- For the line "6-digit code from the North American industry classification system", enter the code that best describes your industry. If you do not know the code, click on the help button (?) located on the right side of the box to access a list of the codes. 5- In "Income, expenses", enter $0 on the line "Gross sales, commissions or fees" and enter the amount in Box 81 on the line for "Income entered in a T4 page (one of Boxes 78, 81, 82 or 83)". If you have any expenses related to this income, fill out the boxes according to each description. The program will generate federal form T2125 and, if applicable, Quebec Schedule M as well as form TP-80.
  8. If you have boxes 169 and 170 on your T5013 slip. This is how they need to be treated: Part IX.1 Tax (T5013: Box 169) Individual unitholders: this amount is NOT reported on your 2013 T1 personal income tax return. This information is required by the CRA to be disclosed in your T5013 slip, however, this amount is provided for information purposes only. Taxable non-portfolio earnings (NPF) (T5013: Box 170) Individual unitholders: this amount is NOT reported on your 2013 T1 personal income tax return. This information is required by the CRA to be disclosed in your T5013 slip, however, this amount is provided for information purposed only. Thus, amounts indicated in boxes 169 and 170 do not need to be entered in your tax return.
  9. If you have boxes 169 and 170 on your T5013 slip. This is how they need to be treated: Part IX.1 Tax (T5013: Box 169) Individual unitholders: this amount is NOT reported on your 2013 T1 personal income tax return. This information is required by the CRA to be disclosed in your T5013 slip, however, this amount is provided for information purposes only. Taxable non-portfolio earnings (NPF) (T5013: Box 170) Individual unitholders: this amount is NOT reported on your 2013 T1 personal income tax return. This information is required by the CRA to be disclosed in your T5013 slip, however, this amount is provided for information purposed only. Thus, amounts indicated in boxes 169 and 170 do not need to be entered in your tax return.
  10. As per CRA, "the employer has to deduct CPP contributions from an employee's pensionable earnings if that employee: is in pensionable employment during the year; and is not considered to be disabled under the CPP or the Quebec Pension Plan (QPP); and is 18 to 70 years old even if the employee is receiving a CPP or QPP retirement pension. Exception: do not deduct CPP if the employee is 65 to 70 years old, and gives you Form CPT30, Election to Stop Contributing to the Canada Pension Plan, or Revocation of a Prior Election with parts A, B and C completed." As you can see, option 3 exception might be applicable to your situation. I assume, that since you filed a CPT30, you either forgot to advise your employer about the election made or, if you did, your employer did not take into consideration this fact when issued your T4. Hence, you can request your employer to issue new T4 form, where box 28 needs to be marked for CPP exemption, which will allow you to mark the equivalent box 28 in your T4 form for CPP exemption on UFile T4 form, which in turn will trigger 100% reimbursement of all the CPP payments made on your behalf by this employer.
  11. Elvira

    T4A(P)

    CRA says, "Box 20 includes any benefits shown in boxes 14, 15, 16, 17, 18, and 19. It also includes any recovery of Canada Pension Plan overpayments or payments for arrears." ( http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/slps/t4a-p/bx20-eng.html). As such box 20 is a box that summarizes the amounts indicated in either or all of the boxes 14, 15, 16, 17, 18 and 19 of T4A(P) form. In a way box 20 is a redundant information which is already indicated in boxes of T4A(P) other than box 20, hence it has not been included in the software.
  12. As per CRA, the employer has to deduct CPP contributions from an employee's pensionable earnings if that employee: is in pensionable employment during the year; and is not considered to be disabled under the CPP or the Quebec Pension Plan (QPP); and is 18 to 70 years old even if the employee is receiving a CPP or QPP retirement pension. Exception: do not deduct CPP if the employee is 65 to 70 years old, and gives you Form CPT30, Election to Stop Contributing to the Canada Pension Plan, or Revocation of a Prior Election with parts A, B and C completed. I assume option 3 exception might be applicable to your situation. So if you forgot to advise your employer about the CPT30 election made or the employer did not take into consideration your election when issuing T4, you can request your employer to issue you new T4 form, where box 28 needs to be marked for CPP exemption, which will allow you to mark the equivalent box 28 in your T4 form for CPP exemption, which in turn will trigger 100% reimbursement of all the CPP payments made.
  13. In order to identify the issue, please send a request to support@ufile.ca if you are using UFile for Windows or help@ufile.ca if you are using UFile ONLINE.
  14. Please send a request to support@ufile.ca if you are using UFile for Windows or help@ufile.ca if you are using UFile ONLINE.
  15. On the CRA questions page, answer YES to Did you own foreign property in 2013 with a total cost over CAN$100,000? Select Foreign income & property in the QuikClik Navigator From the list choose first option T1135 Foreign property reporting and fill up the information based on your situation These entries will generate the required T1135 form in your tax return. However, as Gabriel mentioned above, this form must be printed and mailed to the CRA by April 30th at the latest.
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