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About axation

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  1. Verify page 4, line 455 of Quebec tax return.
  2. The total amount of patronage dividends paid to a member of an eligible cooperative in the form of preferred shares is taxable if it exceeds $100. However, this amount may be deducted in whole or in part if there is a note on the RL-1 slip with the words "Deduction for patronage dividends".
  3. If you want to enter additional expenses that are not listed in the "Home office expenses" page, such as rent paid, enter the amount in the field "Other home office expenses - specify". Enter a description and the amount.
  4. The legal title is in his name. ...and so is the income.
  5. Probably due to a net income of approximately $ 49,000 being reported on the tax return.
  6. http://www.fcac-acfc.gc.ca/Eng/forConsumers/topics/paymentOptions/Pages/Virtualc-Monnaies.aspx
  7. You cannot have a capital loss when you sell depreciable property (building). However, you can have a terminal loss. You can have a capital loss or gain when you sell land. Schedule 3 should show separate entries for land and building.
  8. Assumption: new flooring is not included in 3,000 Amount of Capital Additions Building = 150,000 X 3,000 = 152,250 (+ cost of new flooring) 200,000 ACB of Depreciable capital Property = 0 (ACB is required to calculate the capital gain if you dispose of the asset.) Amount of Capital Additions Land = 50,000 X 3,000 = 50,750 200,000
  9. QuikClik Navigator > Interview setup > Adjustment request for tax return that has been filed
  10. Go to Dependant's file... QuikClik Navigator > Controls > answer the 6th question
  11. axation


    Enter on line 114 the amount shown in box 20 of your T4A(P) slip. http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/rprtng-ncm/lns101-170/114/menu-eng.html
  12. 2013: Sell C and D but do not know the cost - there was no recorded cost to the transactions. Fair Market Value at time of acquisition.
  13. axation

    CCA - disposition?

    but there's no indication I could see on the printable form where this loss arose from Suggestion: use $ 0.01 as proceeds of deposition in order to display in Area D.
  14. axation


    Eligible tuition fees Generally, a course qualifies if it was taken at the post-secondary level or (for individuals 16 years of age or older at the end of the year) it develops or improves skills in an occupation and the educational institution has been certified by Employment and Social Development Canada. To qualify, the fees you paid to attend a Canadian educational institution must be more than $100.
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