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Antoine7

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  1. Hello, T4A slip - Box 048 - Fees for services - Business income You received a T4A slip with an amount in Box 048, for the professional service fees you earned. Note that this amount does not include taxes. To enter this amount in the program, follow the steps below: 1. In the "Left-side menu on the Interview tab", select "Interview setup". 2. On the screen that appears on the right, go to the "Pension" group and check the box "Pension income, other income and split pension income (T4A, T4A(OAS), T4A(P), T4A-RCA, T4RSP, T4RIF, T1032)". Then, go to the "Self-employment" group and check the box "Self-employment business income". If you paid tax by instalments, go to the group "Tax paid by instalments and tax transfer" and check the box "Tax paid by instalments and tax transfer" then click "Next" at the bottom of the page. 3. Return to the "Left-side menu on the Interview tab" and select "Pension income, T4A". 4. On the page appearing to your right, click on the plus sign "+" icon to the right of the line "T4A - Pension, retirement, annuity and other income". 5. On the new page generated, enter the amount shown in Box 048 of your T4A to the line "Box 048 - fees for services (report this amount as a T2125 - Business or Professional income)". 6. Return to the "Left-side menu on the Interview tab", select the item "Self-employment income" and on the page appearing on the right, choose the appropriate option, either "T2125 - Business income" or "T2125P - Professional income". 7. On the page "T2125 - Business identification", enter the name of the business on the line "Name of the business (or your own name if the business does not have one)", then enter the other information in the mandatory fields marked with a red asterisk. 8. In the field for "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 tool tip (the question mark) (?) next to the box to get the list. 9. On the line "Products or services and their respective percentage (%) in the total income (mandatory for a Quebec return)", in the field on the right, enter your main service or product and enter the percentage (%). If you have other products or services, click on the "plus sign +" icon on the right to generate another field. 10. On the next page, "Income, expenses", enter the amount from Box 048 of the T4A on the line "Fees for services (T4A Box 048) (Enter the total if you have more than one amount)". If you have expenses, enter them in the boxes corresponding to their description. 11. If you paid tax by instalments, return to the "Left-side menu on the Interview tab", select "Instalments and tax transfers" and on the screen to your right, choose the option "Income tax paid by instalments" and enter the amounts paid to the federal government and to the Quebec government for residents of this province. 12. For expenses, if your company is registered for the GST and HST (QST), these expenses must be entered before taxes to reflect the ITRs and ITCs that you claimed. 13. For residents of Quebec, if you wish to pay your registration fee for Quebec, return to the "Left-side menu on the Interview tab" and choose the option ''Q438 - Quebec annual registration fee for the enterprise register''. The amount will be carried over to lines 162 or 164 and 135 or 137 of the federal return. If applicable, this amount will also appear on line 154 of the Quebec return as well as line 25 of Quebec Schedule L. The program will also generate federal form T2125, as well as Quebec form TP-80 if applicable. For more information on business and professional income, consult the following link: For the CRA: http://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4002-business-professional-income-2016.html For Revenu Québec: http://www.revenuquebec.ca/en/online-services/forms-and-publications/current-details/in-155-v/
  2. Is a fix coming for the Windows 7 sp1 calculation error and error 1612 when trying to download?

     

     

  3. I'm having issues with login to ufile,  did not receive any email with credentials reset and nor the forget password option on the site works.

    please fix this

  4. I am having issues with 2018 carry over from 2017, some returns carry everything over fine, others have missing T2125.  Any suggestions.  Both versions have been updated and file names changed and the issue is not solved

     

  5. Hello RobertTaxName, Should be the amount of Box G since RPAP is a provincial jurisdiction.
  6. This amount is equal to the amount entered in Box J and, if applicable, in Boxes K, L, P, V and W. The amount must be entered in 211 and Box J. It will be calculated once. To check the results, go to step number 4 and find out (Medical expenses Québec).
  7. Hello W_MP, To open a file with extension .u16, you need UFile 2016. To report a file with extension .u16 to 2017, you need UFile 2017
  8. Hello scotty212, Warning NETFILE/EFILE - Adjusted taxable income is NIL - Schedule 2 Under the new requirements of the CRA, you must confirm that either the Federal Schedule 2 (line 351) or the provincial Schedule 2 (line 5912) is NIL. In the "Review" tab, when the message, "You have to confirm that your spouse's adjusted taxable income is Nil"is displayed, you must return to the "Interview" tab of the family head to correct the problem. In the "Left-side menu on the Interview tab", select "Controls " on your right, go to the bottom of the page and you will find the line "If applicable (click ? For details), please select Yes to confirm that your spouse's adjusted taxable income is NIL". From the drop-down menu on your right, choose "Yes''. You will notice that you have a second (2) line for "Provincial /Territorial". Repeat this procedure. Thereafter, you may proceed to file your federal return using NETFILE/EFILE.
  9. Hello RobertTaxName, Box 211 of the Relevé 1 (RL-1) - Québec Your question is where to enter the amount in Box 211 of the RL-1 slip. You have received from your former employer a Quebec Relevé 1 (RL-1 slip) for the premium that was paid for your medical insurance plan, which is taxable in Quebec. Please follow these steps: 1. In the "Left-side menu on the Interview tab", select "T4 and employment income". 2. On the right-hand side of the screen, click on the plus "+" icon to the right of the line "T4 and RL-1 (Relevé 1) income earned in Quebec with QPP contributions". 3. The new page "T4 - Statement of Remuneration Paid (RL-1) with QPP contributions" will appear, where you will enter the amount corresponding to the boxes found on the RL-1 slip. Example: Box A of the RL-1 $ 2200,00 Box B of the RL-1 $ 0,00 Box G of the RL-1 $ 0,00 Box I of the RL-1 $ 0,00 Box J of the RL-1 $ 2200,00 To enter the amount in box 211 of the RL-1 slip, go to the bottom of the page under the heading "Other information (click on the triangle to see the list of choices)" and from the drop-down menu, choose the option "RL-1 (211)? Benefit related to previous employment". This amount is equal to the amount entered in Box J and, if applicable, in Boxes K, L, P, V and W. For more information, consult the following link: http://www.revenuquebec.ca/en/businesses/source-deductions-contributions/filing-rl-slips-and-the-rl-1-summary/rl-1-slip-employment-and-other-income/how-to-complete-the-rl-1-slip/box-a/benefit-related-to-previous-employment/
  10. Hello W_MP, You need UFile 2016 to open a file with extension u.16
  11. Hello peterv, The total amounts of all T4A boxes must be reported identically to T2125 boxes. One cent of difference in the total amount of each box causes the error message.
  12. Hello fred999, Use of adjusted cost base (ACB) for calculation of capital gains The following scenario is an example of how to calculate the adjusted cost base (ACB) for stocks or property that was disposed of during the current tax year in order to determine the capital gain(s): You buy 200 units or shares of stock at a price of $20 per unit and pay $30 in brokerage fees. The adjusted cost base (ACB) for this purchase will total $4,030. (200 x $20 +$30) ACB per share is therefore $ 20.15 or ($ 4 030 / 200 shares). A month later, you buy 125 units of the same stock at $25 per unit and pay $30 in brokerage fees. The ACB for this purchase will then be $3,155, which is $25 X 125 + $30. The total ACB of the shares of this company is now $ 7,185 ($4030 + $3155). The ACB of the share is $ 22.11, or ($ 7185 /325 shares). Then you sell 115 shares at $32 per share and pay $30 in fees. To determine the gain (or loss) in capital, please follow these steps: 1 - In the ''Left side menu on the Interview tab'', select ''Interview setup''. 2. On the right-hand side of the screen, go to the "Investment income and expenses" group, check for "Capital gains (or losses) and capital gain history" and click on "Next" at the bottom of the page. 3 - Return to the ''Left side menu on the Interview tab'' select the ''Capital gains (or losses) & ABIL'' and on the right side of the screen, choose the option ''Stocks, mutual funds and other non depreciable property''. 4 - On the page that appears, enter the description, the number of shares sold, etc... 5 - You must enter the ''Date of disposition (dd-mm-yyyy)'' and the ''Total proceeds from the sale of the shares or property'', in this case $ 3,680 (115 x $32). 6 - You must enter the ''Adjusted cost bases of the shares or property"$2,542.65 or ($22.11 X 115 shares sold). 7 - On the line ''Expenses incurred in making the disposition'' enter the brokerage fee, in this case $30. The program will report the amount of "Taxable capital gains (Schedule 3)" on line 127 of the Federal return and, if applicable, on line 139 of the Quebec return. Furthermore, the program will generate Federal Schedule 3 and, if applicable, Schedule G for Quebec residents. For more information on capital gains, please consult the following links: For the CRA: http://www.cra-arc.gc.ca/E/pub/tg/t4037/ For Revenu Québec: http://www.revenuquebec.ca/en/sepf/publications/in/in-120/default.aspx
  13. Hello jpbb, Could you please check your emails about request # UF548372?
  14. Antoine7

    T2125

    Hello stanley82, Given the particularity of your situation, we suggest that you send your request to the UFile support group. Support@ufile.ca
  15. When I file a T1013 for 2017 it gets rejected with error code "T589 You have submitted an incorrect form version". Program error or user error? U17 file password: 131247Jf

    William Bradley tax 2017.u17_EOL_HH_ERR.txt William Bradley tax 2017.u17

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