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DENK

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DENK last won the day on April 17 2019

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About DENK

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  1. Vdm

    Hi guys, is there an API for UFile?

  2. DBJ

    Hello all,
    I have been using UFile for windows for several years and generally used it to enter T4s and T5s. Last year my spouse rented rooms for Univ. students including all the facilities for 4 months while living in the same house situated in Ontario. Same year from Aug. whole house was rented thru a realtor and moved out to a different province renting a house to live. We are only 3 persons in the family and boy is a Univ. student. So for her income reporting, is the 1st one self-employment and 2nd one a rental income or both income to be considered as rental income? House title is on both of our names. She has no any other source of income and can we deduct all the expenses from this rental income including moving expenses and for the new house rental and utilities expenses? Which UFile software version is good to prepare taxes for 2019 year. Appreciate your valuable input.
     
    Thx
     
    DBJ
  3. Saskatchewan Pension amount where to enter? 

  4. The T2125 that I prepare leave this field blank. How do I enter my info as the prepare of the T2125?

  5. Hi,

    Let me know which part of the software I can include the information about Tax professional and fees.

    Thanks Marcela 

     

    1. Nawal

      Nawal

      Hi Marcela, To enter the amount of legal and/or accounting fees incurred for purposes other than the recovery of wages or salaries, please follow the steps below:

      Note: These are costs incurred for the late objection or appeal concerning a notice of assessment issued under the Tax Act on income. They are fees paid to collect a retirement allowance and expenses incurred to to make child support payments non-taxable.

      1- In the "Left side menu on the Interview tab", select "Interview setup".

      2- In the screen to your right, scroll down to "Other topics" group and check the box "Other deduction and credits " and click "Next" at the bottom of the page.

      3- Return to the "Left side menu on the Interview tab" and select "Other deductions and credits".

      4- On the screen on your right, click on the plus sign "+" icon to the right of the line "Federal Line 23200 - Other deductions (Quebec line 250)".

      5- On the page that is generated enter the amount in the field for "Deductible legal fees incurred not related to recovery of salaries or wages".

      Bear in mind that some of the fees that are deductible on your Federal tax return may not be deductible for Quebec and vice-versa.

      If the Federal amount is different from that of Quebec, enter the Federal amount and click on the "Maple Leaf" icon. An additional field will be generated to enter the amount for Quebec. This box appears only if you previously entered a Federal amount. If you have no Federal amount, then enter ''$0.00''.

      This amount will be reported by the program on line 23200 of your Federal return and line 250 of your Quebec tax return, code 08 will be entered on line 249 of the Quebec return.

      Note: Please keep all your documents in order to provide on request to the CRA or Revenu Quebec asks for it.

  6. JEC

    File rejected. Please help.

    My husbands return went through after I submitted mine which was rejected. no errors/warnings 

    message: 

    Rejected

    March 30, 2020 12:06 AM
     
    One or more entries in your financial statement(s) require correction. The data entered is either invalid, or mandatory information is missing. If you are unable to resolve the issues, please contact your Software Developer.
     
    I went back through my return many times over, still no errors/warnings. logged out/in same message appears.
  7. Elle

    I need help with the UCC Class 8 related to the rental property I disposed of this year.  I set it up and never benefitted from any CCA, which means that  there should not be any recapture.  The gain on sale of the entire property was entered (manually) on Schedule 3 Capital Gains. My issue is I do not know how to close out this CCA Class 8.   If I enter either of the following (ACB =UCC and Proceeds = 0) or(ACB =0 and Proceeds = 0) I get a  terminal loss  which I a not entitled to.  

    The only way I avoid a terminal loss, is to enter (ACB =UCC and Proceeds = UCC) - Is this correct?

     And to be clear, I have clearly indicated that this is a renal property in the return.

    Thank you in advance,

     

  8. Iws

    Thank you kindly for getting me registered properly after getting refused many times!

  9. Hello, These legal expenses must be claimed on line 232 of the Federal return and on line 250 of the Quebec return. These are costs incurred for the late objection or appeal concerning a notice of assessment issued under the Tax Act on income. They are fees paid to collect a retirement allowance and expenses incurred to to make child support payments non-taxable. While for Quebec residents, these are judicial costs you paid to determine your initial right to receive alimony, and to revise your right to receive alimony. These expenses can be claimed on Federal line 221. NOTE: You cannot deduct expenses paid for a divorce or separation. We invite you to visit the following links for more information. Federal http://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-232-other-deductions/line-232-legal-fees.html Quebec http://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/completing-your-income-tax-return/line-by-line-help/201-to-260-net-income/line-250/point-8/ To enter the amount of legal and/or accounting fees incurred for purposes other than the recovery of wages or salaries, please follow the steps below: 1- In the "Left side menu on the Interview tab", select "Interview setup". 2- In the screen to your right, scroll down to "Other topics" group and check the box "Other deduction and credits (including public transit passes and home buyers' amount)" and click "Next" at the bottom of the page. 3- Return to the "Left side menu on the Interview tab" and select "Other deductions and credits". 4- On the screen on your right, click on the plus sign "+" icon to the right of the line "Federal Line 232 - Other deductions (Quebec line 250)". 5- On the page that is generated enter the amount in the field for "Deductible legal fees incurred not related to recovery of salaries or wages". Bear in mind that some of the fees that are deductible on your Federal tax return may not be deductible for Quebec and vice-versa. If the Federal amount is different from that of Quebec, enter the Federal amount and click on the "Maple Leaf" icon. An additional field will be generated to enter the amount for Quebec. This box appears only if you previously entered a Federal amount. If you have no Federal amount, then enter ''$0.00''. This amount will be reported by the program on line 232 of your Federal return and line 250 of your Quebec tax return, code 08 will be entered on line 249 of the Quebec return. Note: Please keep all your documents in order to provide on request to the CRA or Revenu Quebec asks for it.
  10. Hi, Please verify all your slips containing a date such as T2125, T776, T5013, etc.
  11. Hello, The Ontario Trillium Benefit (OTB) includes 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. If you have a spouse and that he ordinarily resides with you, one of you can claim the credit for your couple. This credit is in addition to credit payments for GST / HST, if applicable, so that the amount to which you are entitled will not affect your credit for the GST / HST and vice versa. The payments of these three credits are combined and you can choose whether you only one payment where every month. You make this choice in point 2. To claim the OTB using the program, please follow these steps: 1- In the "Left side menu on the Interview tab" section of your tax file, select "Ontario tax and credits". 2- On the screen to your right, select "ON-BEN - Application for 2019 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". 3- On this page, for the first question, select whether you wish to receive the payment in one lump-sum payment or in monthly installments. Then, enter the required information to claim the other credits and click "Next" at the bottom of the page 4- 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. 5- If you and your spouse or common-law partner occupied separate principal residences in Ontario for medical reasons, choose "ON-BEN - Involuntary separation from your spouse" To determine whether the payment will be individual or one of you can claim them for the couple The program produces an estimate of the Trillium benefit for July2019to June 2020. For more information about the Ontario Trillium Benefit (PTO), please visit the following links: http://www.fin.gov.on.ca/en/credit/otb/ http://www.canada.ca/en/revenue-agency/services/child-family-benefits/provincial-territorial-programs/province-ontario.html#ntrtrll
  12. Hello, Please make sure all the data entry is identical. The Working Income Tax Benefit (WITB) is a refundable credit that is automatically generated by the program. If you are eligible for this credit, the amount will be reported on line 453 of the federal tax return and federal Schedule 6 will be generated by the program. For more information about the WITB, please consult the following link to the CRA website: http://www.canada.ca/en/revenue-agency/services/child-family-benefits/working-income-tax-benefit-witb.html
  13. Hello, Please make sure all the data entry is identical. The Working Income Tax Benefit (WITB) is a refundable credit that is automatically generated by the program. If you are eligible for this credit, the amount will be reported on line 453 of the federal tax return and federal Schedule 6 will be generated by the program. For more information about the WITB, please consult the following link to the CRA website: http://www.canada.ca/en/revenue-agency/services/child-family-benefits/working-income-tax-benefit-witb.html
  14. Hello, If you no longer have a GST number, please remove it from your business or rental property. When entering your GST and/or Federal account number within the program for a business income or employment expenses, please ensure that you have entered the following numbers according to the proper format: 1- The GST registration number. 2- The federal account number. The format for both numbers is 123456789RT1234 (15 characters, no spaces). For more information, please refer to the CRA website: http://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/registering-your-business/you-need-a-business-number-a-program-account.html
  15. Hello, CRA will recalculate the UCCB correctly for one person and the spouse who has the lower net income must report the UCCB. You must enter an estimated income of ex spouse and the higher is better to not receive any credits from spouse such as the spouse or common-law partner amount L303 or the WITB (Schedule 6).
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