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Winston

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Winston last won the day on July 13

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About Winston

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  1. I have reviewed the Schedule 11 and Ufile is correct in its calculations. I think you are misunderstanding the rules of calculating the transfer, which I had mentioned previously (see below). If a student uses the current year tuition credits ($10,480 in your case), then the amount available to transfer is reduced ($5,000-$10,480) as a result. Because $10,480 in 2017 tuition credits were used by the student, the amount available for transfer is zero. The most compelling proof of this fact is provided by the CRA in the following:Tuition, education, and textbook amounts transferred from a child - Line 32400 of the return (previously line 324 of Schedule 1) - Common adjustments. I have also cited the formulas in the CRA income tax folio which details the calculations below. Note: I have struck out some irrelevant information for the sake of clarity. Because the student the student used the tuition amounts ($10,480.53), no amounts are available for transfer. In order to create a transferable amount, an additional $5,480.53 in federal tax credits/deductions available on the Schedule 1 that come before line number 324. Examples include moving expenses, student loan interest, public transit amount, etc. The ($5,000 - B) restriction has always existed but was not well known because most students don't have an income over $13,000, and want to transfer an additional amount. The Schedule 11 is identical to what is presented in the income tax guide for 2017. If the student had a net income under $18,000 for the 2017 tax year, a transfer would have been allowed. (This accounts for tuition allowed to be used by the student). Transfer of unused tuition, education and textbook tax credits Finally, if we are to question the correctness of the calculation method, the Income Tax Act also indicates the the method in which the transfer amount is calculated.
  2. Slight correction here - The amount transferred is the maximum allowed ($5,000 at the federal level), or less than 5K if textbook amounts + tuition is less than 5K) minus the current year tuition amounts used by the student. If the student used 5K in tuition credits for the year, the amount allowed to be transferred is zero. In Ufile, did you enter a specified amount to transfer? For transferring to a parent not processed, you need to manually override the default claim, both provincially and federally if the parent isn't linked. Federal amounts should be fine. 2017 was a special year where you need to enter the correct #months and tuition fees paid before/after September 5, 2017 (Ontario only). I am not seeing any issues with the calculations. Federal Schedule 11 (2017). $0 in tuition is used and $21,277.31 is available. Maximum $5,000 can be transferred, with the rest carried forward. Ontario Schedule 11. The provincial calculations are independent of the federal calculations. The student in this case could not transfer the maximum provincial amounts. Can you clarify where the supposed error is taking place?
  3. In Ontario, you can only carry forward previously unused credits before September 2017. Federally, only the tuition fees paid are eligible for the tuition tax credit. There are no credits with respect to the number of part-time/full-time months anymore, since 2017 at the federal level. The calculation is correct, both federally and for Ontario. There are no provincial tuition credits for Ontario since September 2017. If a student changed provinces, the tuition carryforwards would either be lost or limited to a specified amount, depending on the provinces. If a student did not have enough taxable income, the federal amounts will continue to be carried forward. There is no provincial tuition amount, so previously existing carryforwards can be carried forward for future years.
  4. Enter course and exam fees as tuition fees. The membership fees might be eligible as professional fees, union dues not on a T-slip. Textbook costs are not deductible.
  5. You cannot ReFILE a return when you want to change split pension amounts, as this is specifically mentioned by CRA as an exclusion.
  6. What were the jobs the client was doing? Was it at a placement agency, or was the client a taxi driver?
  7. Create two additional T4A slips, one containing a box 28 amount and the other a box 48 amount. Confirm that the total income did not change. You may get a warning, but can be safely ignored if the slips are reported.
  8. The method you suggested is correct. Delete the T5008 slips once you enter the equivalent amounts in the capital gains section.
  9. Under Capital gain > Stocks, mutual funds and other non depreciable property > Is this disposition a gift to charity, or to Canada or a province?
  10. Have you checked the page - Ontario Trillium Benefit p.1/p.2? It is separate from the refund and provincial ON479.
  11. Winston

    Last Name

    You can put a middle name or first name and indicate they are a first-time filer or indicate a surname change. It is commonly seen on people with last name Kaur or Singh. For example, for Name: "Ramandeep Kaur", use "Ramandeep" for first name and "Kaur" for last. Or, try "Ramandeep Kaur" for first name and "Kaur" for last name. It can be done via EFILE, but it may not work for NETFILE. Unfortunately CRA cannot assist with this name issue, as a return needs to be filed for them to find any information.
  12. The answer is no. The exception you are quoting is generally when the spouses are legally married but one spouse is living in another country or involuntarily separated for other reasons. If the parents are infirm, then there may be an eligible claim for the caregiver amount.
  13. Did you enter their T2202 slip?
  14. If they are all disposed of in the same year, create 1 new T5008 slip containing the totals of the T5008s for that year. Then delete the T5008s except the one you created. CRA does not receive those details anyway.
  15. Did you click the file rejected link?
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