Jump to content
Français

Antoine7

Administrators
  • Content Count

    475
  • Joined

  • Last visited

  • Days Won

    9

Everything posted by Antoine7

  1. Antoine7

    Boxes A and 211

    Premiums paid into a private health insurance plan - Box 135 of the T4A slip and a RL-1 Box J You have received two (2) documents, a T4A slip and a RL-1. On the T4A slip, you have an amount in box 135, whereas on RL-1 you have the same amount in Box J as well as boxes A and 211. You did not receive a RL-2 with an amount in Box 235. The employer or the issuer of the slips has made a mistake, because they are two different plans Box 135 of the T4A indicates that the retired employee paid the premium for a private health insurance plan and the Quebec equivalent is Box 235 of the RL-2. As for the amount in Box J of the RL-1 slip, it indicates that it was the employer who paid the health insurance premium. Please ask the issuer of the slip for explanations. Please follow the procedure below: 1. On the "Left-side menu on the Interview tab", select "T4A and pension income". 2. On the page on the right click on the plus sign "+" icon on the right of the line "T4A - Pension, Retirement and Other Income". 3. On the new page generated, go to the line "Footnotes relating to specific T-slip entries and Box 135 (RL-2, Box 235)" and from the drop-down menu after that line, choose the option "Box 135 - Recipient paid premiums for private health services plans" and enter the amount in Box 135 of the T4A. This amount will be reported directly in the medical expenses of both the federal and the Quebec returns.
  2. Hello va7alb, Given the particularity of your situation, we suggest that you send your request to the UFile support team. Support@ufile.ca
  3. Hello CLH, 2018: http://cdn.drtax.ca/ufile/UF2018GCM4FVJ2AWHVN238RN2ZLU6/ufile2018.exe 2019: https://www.ufile.ca/download
  4. Resident from another province working in Quebec If you worked in Quebec in the current taxation year but resided in another province (e. g. in Ontario), you should have received two tax slips: a Federal T4 slip and a Quebec RL-1 slip. In order to enter the information found on these slips using the program, please follow these steps: 1. On the "Left-side menu on the Interview tab", click on the line "T4 and employment income" and, on the screen located on the right-hand side, first select "T4 and RL-1 (Relevé 1) income earned in Quebec with QPP contributions" or ?T4 income earned in Quebec with CPP contributions? depending on your situation 2. Enter the information from the T4 and the RL-1 slip and, from the drop-down menu of Box 10, select the province of employment; 3. If you have an amount in Box J of the RL-1, ignore this amount as it is a taxable benefit that can be claimed as a medical expense in Quebec only, while for residents of other provinces/territories this amount cannot be claimed as a medical expense because the premium has been paid by the employer; 4. Return to the "Left-side menu on the Interview tab" and select "Ontario tax and credits" (or from any other province of residence as appropriate) and enter the required information, if applicable. By clicking on the "Reviews" tab, you'll notice on line 43700 of the federal return that the amount of total income tax deducted corresponds to the Box 22 of the T4 and Box E of the RL-1 slip. Furthermore, in the "Review" tab, you may see the following "Warning": "The pensionable earnings entered for a T4 exceed the amount of T4 income". Please ignore this warning. The program will generate the Form RC381 pertaining to the inter-provincial calculation of the CPP and QPP contributions and overpayments.
  5. Hello Sara, Given the particularity of your situation, we suggest that you send your request to the UFile support group. Support@ufile.ca, an anonymous copy will be required to solve the issue.
  6. Hello Scott, Of course there is a way, but given the particularity of your situation, we suggest that you send your request to the UFile support group. Support@ufile.ca
  7. Hi Roger D, Given the particularity of your situation, we suggest that you send your request to the UFile support group. Support@ufile.ca
  8. Hello Myriam, Quebec resident working outside the province Your question is: I have worked outside of Quebec in the current tax year, but I reside in Quebec. How do I complete my tax return? Please follow the steps below: 1. On the "Left-side menu on the Interview tab", select "T4 and employment income", and on the screen, that appears on the right, choose "T4 income earned outside Quebec". 2. Enter the data from the T4 and select the province of employment in box 10. 3. You may have received an RL-1 slip with amounts showing in Boxes A, J and perhaps in Box E. If so, please return to the "Left- side menu on the Interview tab", select "T4 - Statement of remuneration paid (RL-1) with QPP contributions", and enter the data that appear on the RL-1 slip. 4. Enter the amounts displayed in the boxes of your RL-1. Also, enter $0,00 in boxes B and I of RL-1 slip. 5. You will note that federal Schedule 10 will be generated as well as Quebec's Schedule R to consider the differences in rates for both Employment Insurance and the Quebec Parental Insurance Plan (QPIP). 6. When you click on "Results" tab, you will notice a warning that reads as follows: ''You have employment income that appears to consist solely of taxable benefits. If you received these benefits because of a previous employment... ''. Ignore this warning. 7. The federal tax transfer for residents of Quebec on line 43800 of the federal tax return, which represents 45% of the amount in Box 22 of the T4 slip, will be carried over by the program. For Quebec, line 101 represents the sum of the amount from Box 14 of the T4 slip and the amount from Box A of the RL-1 slip. Line 454 of the Quebec tax return (TP1) is equal to line 43800 of the federal tax return. By default, the program will transfer 45% of federal tax to line 454 in Quebec. If you wish to change this amount, return to the "Left side menu on the Interview tab" and at the bottom of the page "T4 - Statement of Remuneration Paid" and go to the line "Amount of federal tax to transfer to Quebec" if you want the transfer tax to be less than 45% enter the amount you want to transfer to Québec. NOTE: If you did not receive an RL-1 slip from your employer, but he has paid the health insurance premium, this amount is taxable in Quebec. If you have a document from your employers that confirm this, you must fill out an RL-1 slip as if you had received one from your employer. Therefore, please refer to points 3 and 4 of this document. The program will generate forms RC381 and LE-35 pertaining to the inter-provincial calculation of the CPP and QPP contributions and overpayments.
  9. FTQ - How to enter information from the RL-10 slip - Quebec You may qualify for the tax credit for the purchase of labour-sponsored funds (LSF) shares if, in the current tax year or within the first 60 days of the following tax year, you acquired Class A LSF shares. These shares may also be considered as contributions to your RRSP or to your spouse's RRSP. To enter your contributions, please follow these steps: 1. On the "Left-side menu on the Interview tab", select "Other information slips". 2. On the screen appearing on the right, choose "RL-10 - Fonds de solidarité des travailleurs du Québec (FTQ)". 3. Once on this page, on the line ''Period'', click on the drop-down menu and enter the period during which your payments were made by choosing either ''Amounts paid after the 60th day of 2019 " or ''Amounts paid in the first 60 days of 2020". 4. If you contributed to an FTQ fund, enter the amount from Box A only, and the program will automatically calculate the credit of Box B. The credit will be claimed on the appropriate lines of both the federal and Quebec tax returns. Attention: If you have overpaid the Workers' Fund, it is possible that you have amounts of enrollment in boxes C and D. If so, please enter them. 5. If these shares are contributions to your RRSP or your spouse's, you must specify it. To do so, go to the "RRSP'' section, and for the line ''Amount of contribution eligible for the RRSP deduction", choose the option that applies to your situation from the drop-down menu, and enter the amount of your RRSP contribution if it is not the same amount as Box A of the RL-10 slip. 6. Then, in the "RRSP contributions, limits" section under the "Left-side menu on the Interview tab", you must specify your RRSP deduction limit as per your latest Notice of Assessment sent to you by the CRA. You should not re-enter the information of the RL-10 in this section, as you have already entered the information on the RL-10 page under ''RL-10 - Québec labour-sponsored tax credit''. Your deduction for your RRSP will be carried over on line 20800 of your federal return, as well as on line 214 of your Quebec tax return, and the tax credit for the labour-sponsored fund will be entered on line 41400 of federal Step 5, as well as on line 424 of the Quebec return if applicable. The program will carry over your credit, as appropriated, if you need it to reduce your federal or provincial amount of tax payable. In the "Review" tab, a "Warning" will be displayed asking you to review your data. Please disregard this message as the program considers the maximum allowable credit. For more information about this topic, please consult the following links: For the CRA: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/lines-413-414-labour-sponsored-funds-tax-credit.html For Revenu Quebec: https://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/completing-your-income-tax-return/line-by-line-help/400-to-447-income-tax-and-contributions/line-424/
  10. Hello Syphix, FTQ - How to enter information from the RL-10 slip - Quebec You may qualify for the tax credit for the purchase of labour-sponsored funds (LSF) shares if, in the current tax year or within the first 60 days of the following tax year, you acquired Class A LSF shares. These shares may also be considered as contributions to your RRSP or to your spouse's RRSP. To enter your contributions, please follow these steps: 1. On the "Left-side menu on the Interview tab", select "Other information slips". 2. On the screen appearing on the right, choose "RL-10 - Fonds de solidarité des travailleurs du Québec (FTQ)". 3. Once on this page, on the line ''Period'', click on the drop-down menu and enter the period during which your payments were made by choosing either ''Amounts paid after the 60th day of 2019 " or ''Amounts paid in the first 60 days of 2020". 4. If you contributed to an FTQ fund, enter the amount from Box A only, and the program will automatically calculate the credit of Box B. The credit will be claimed on the appropriate lines of both the federal and Quebec tax returns. Attention: If you have overpaid the Workers' Fund, it is possible that you have amounts of enrollment in boxes C and D. If so, please enter them. 5. If these shares are contributions to your RRSP or your spouse's, you must specify it. To do so, go to the "RRSP'' section, and for the line ''Amount of contribution eligible for the RRSP deduction", choose the option that applies to your situation from the drop-down menu, and enter the amount of your RRSP contribution if it is not the same amount as Box A of the RL-10 slip. 6. Then, in the "RRSP contributions, limits" section under the "Left-side menu on the Interview tab", you must specify your RRSP deduction limit as per your latest Notice of Assessment sent to you by the CRA. You should not re-enter the information of the RL-10 in this section, as you have already entered the information on the RL-10 page under ''RL-10 - Québec labour-sponsored tax credit''. Your deduction for your RRSP will be carried over on line 20800 of your federal return, as well as on line 214 of your Quebec tax return, and the tax credit for the labour-sponsored fund will be entered on line 41400 of federal Step 5, as well as on line 424 of the Quebec return if applicable. The program will carry over your credit, as appropriated, if you need it to reduce your federal or provincial amount of tax payable. In the "Review" tab, a "Warning" will be displayed asking you to review your data. Please disregard this message as the program considers the maximum allowable credit. For more information about this topic, please consult the following links: For the CRA: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/lines-413-414-labour-sponsored-funds-tax-credit.html For Revenu Quebec: https://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/completing-your-income-tax-return/line-by-line-help/400-to-447-income-tax-and-contributions/line-424/
  11. Antoine7

    Foreign money

    Hello Marcela, We suggest that you contact the CRA at 1-800-959-7383 or 1-800-959-8281
  12. Hello itamaracorrea, Usually Uber driver is working under commission, for that purpose you must select and fill out the form T2125c.
  13. We suggest that you contact the CRA at 1-800-959-7383 or 1-800-959-8281
  14. Hello mariesurleweb, Given the particularity of your situation, we suggest that you send your request to the UFile support group. Support@ufile.ca
  15. Hello Easy123, How many T5 slips for the amount of $ 800 did you receive? If only one, UFile will report to the other spouse.
  16. Hello, Warning - Over contributions to RRSP The program generates a warning when your RRSP contribution exceeds your "RRSP/PRPP deduction limit for 2018 (per 2017 assessment)", and a second warning that the program will limit your contribution to the eligible amount. The excess contribution will be transferred to Schedule 7, Part D entitled "RRSP/PRPP unused contributions available to carry forward". To remove the second warning, go back to the "Interview" tab and in the "Left side menu on the Interview tab" and select "RRSP contributions, limits''. On the page on your right, go to the line "RRSP or PRPP/VRSP deduction to use (leave blank to use all your contributions as a deduction)" and enter the maximum amount you can contribute. Go back to the "Review" tab and a warning will be generated informing you that your RRSP contribution exceeds your deductible maximum and if it exceeds $ 2,000 you are subject to penalties. However, the CRA will may assess monthly penalties of 1 % on your over contribution. Certain rules apply on unused RRSP contributions, we recommend you visit the following link for more information: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/contributing-a-rrsp-prpp/what-happens-you-over-your-rrsp-prpp-deduction-limit.html In addition, we suggest that you contact the CRA to explain your situation and to obtain information to correct the situation, in order not to be penalized if possible.
  17. Hello Aldoleth, For tax questions, we suggest that you contact CRA, but "How and where to enter the gain or loss of cryptocurrency (Bitcoin)". When you buy or sell digital currency, the Canada Revenue Agency considers that you have realized a gain or loss on the purchase or sale. The CRA regards digital currency (Bitcoin) as merchandise and its use must comply with the barter rules of the Income Tax Act. For more information, please consult the following link: https://www.canada.ca/en/financial-consumer-agency/services/payment/digital-currency.html To report a gain or loss on your cryptocurrency transactions, please follow the procedure below: 1. On 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 topic "Capital gains (or losses) & ABIL". 4. On the screen to your right, click on the plus sign "+" icon to the right of the line "Stocks, mutual funds and other non-depreciable property". 5. Enter the information about the transaction. It is mandatory to indicate the "Date of disposition" as well as the "Proceeds of disposition", you should specify the ''Adjusted cost base of shares or property'', namely the cost of acquisition of the cryptocurrency the same way you should enter the cost of the ''Expenses incurred in making the disposition''. 6. In addition, if you have requested a ''Reserve on disposition'' you must specify it. The net capital gain or loss will be reported by the program on Schedule 3 of the federal returns and, if applicable, on Schedule G of the Quebec returns. The capital gain will be reported on line 12700 of the federal return and, for Quebec residents, to line 139 of the Quebec return. If you have incurred a loss, this will be mentioned on both the federal and Quebec notices of assessment.
  18. After five attempts to submit your return via NetFile, your account will be locked. You must contact the CRA at 1-800-959-7383 or 1-800-959-8281 to unlock it and file your tax return electronically.
  19. Hello lbootland, Rental income To enter information about your rental income, follow the steps below: 1. On the "Left-side menu on the Interview tab", select "Interview setup". 2. On the page that appears on the right, go to the "Rental income" group, check the box "Rental property income" also if you paid tax by instalments. Then go to "Tax paid by instalments and tax transfer" group, check the box "Tax paid by instalments and tax transfer" and click "Next" at the bottom of the page. 3. Return to the "Left-side menu on the Interview tab", select "Rental Income". 4. On the page that appears to your right, click on the plus sign "+" icon to the right of the line "T776 - Rental Income property". 5. Complete the first page entitled "T776 - Rental property identification". On the line for "Percentage (%) of personal use of your rental property", enter your personal use portion of the building. If you do not live in the building, leave the field blank. 6. Please indicate whether you are sole proprietor or co-owner of the property, to do so, go to the "Type of ownership of the rental property" line and select the option that suits you best from the drop-down menu. Then, on the line "Percentage interest in the partnership" enters your percentage. 7. On the next page, enter your income and expenses in relation to this property. 8. If you used the services of a professional contractor to repair your building, use the sub-section "Labor costs" to enter the relevant information. Please make sure in this subsection that the amount of repair has not already been entered in the expenses beforehand: make sure to choose the appropriate option from the drop-down menu for the line "Do you wish to add these labour costs as an expense on the income statement". 9. If you want to claim depreciation for your property, click on the "CCA" sub-section and select the appropriate class, usually Class 1. 10. On the page that appears, enter the relevant information. If you do not want to claim depreciation, go to the line "Limit to the CCA or the CECA of this class" and enter "$0.00". However, if you wish to claim a portion of the depreciation or any other amount, it is limited to the maximum amount of this category. Please note that you cannot claim CCA when you have a rental loss. 11. If you are the co-owner of the building with your spouse or other partner, click on the sub-section "Partners", and on the page to the right, choose your option. 12. If your spouse is a co-owner of the rental property and completed his or her tax return along with yours, there is no need to enter the information in your spouse's file, as it will be transferred by the program and form T776 will be generated. The same applies for a resident of Quebec and form TP-128 will be produced by the program. However, if your spouse wants to claim expenses different from yours, all the information will then have to be entered again separately in his or her own file. For all other business partners, they will have to enter the information in their own file. Forms T776 (federal) and TP-128 (Quebec) will be generated by the program. The amount of rental income will be reported on line 16000 (gross) and line 12600 (net) of the federal return and, for Quebec residents, on line 168 (gross) and line 136 (net) of the Quebec return. For more information, please consult the CRA website at the following link: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/rental-income-line-126-net-line-160-gross.html https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4036.html For Quebec residents, you can consult the Revenu Québec website at the following link: https://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/completing-your-income-tax-return/line-by-line-help/96-to-164-total-income/line-136/ https://www.revenuquebec.ca/en/online-services/forms-and-publications/current-details/in-100-v/
  20. Hello Roxanne Charette, Add or remove a family member To add a spouse, go to the section near the top left of the "Interview" screen and click on "+ add spouse" and go through the "Interview" pages for this person. To add a dependant, go to the section near the top left of the "Interview" screen and click on "+ add dependant" and go through the "Interview" pages for this person. This dependent may be your Child, grandchild, Parent or Grandparent or a member of your immediate family. NOTE: For the dependants the option "Married" is not present in the drop-down list of the line "Marital status". Because the information is only used to allow you to claim certain credits, since these dependents will have filed their income tax returns in advance. Consequently, in case the marital status of your dependants is married, and you want to prepare and send their tax returns as well, we suggest you create a new, separate tax file for them, to be able to indicate the right marital status. However, in your tax file, please select "Single" for the marital status of your dependants and answer "No" for the question "Does this taxpayer require a tax return?", because the information is used only to allow you to claim certain credits. To remove a spouse or a dependant, select their name located near the top left of the interview screen and click the icon "- delete selected", which is located to the right of the interview window line. NOTE: It is not possible to delete the Family Head (the first person entered in the data file). If the Family Head is deleted, the information of all members of the family will be deleted.
  21. Hello Tina, Unfortunately, there is no automated tool which can transfer data. You have to create a new account and you will need to enter the data manually. We apologize for this inconvenience.
  22. Antoine7

    error message

    Hello amimai,
© 2013 ImpôtExpert, Thomson Reuters. Tous droits réservés. Politique de confidentialité
×
×
  • Create New...