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Found 13 results

  1. Hi, I am filing my tax. When I claimed expenses for my self employed business (day care), I realized that only 50% of the expenses (meals, utilities, etc.) were deducted from the gross income. On the other hand, the expenses were deducted fully if I used SimpleTax. Is it a way that I can adjust the deduction to 100% in Ufile? Thanks!
  2. Need some help clarifying self employment expenses and deductions. 2017 was the first year that I was self employed (business run in my home). 1) What is the difference between entering my expenses in the T2125 Income expenses section vs Home office expenses. 2) Are fees payable to the government (taxes & QPIP) deducted automatically or do I need to enter this somewhere?
  3. During the sale of a rental property some expenses such as sales commissions, legal fees, and bank fees are generally incurred. While I have seen some documentation suggesting that these can be applied against the selling price to reduce the capital gains, I am curious whether the option to instead apply them against the annual income from the property also exists? These were, after all, expenses incurred as a result of running the rental property business. I am only looking for information on whether there is a strict requirement to apply these costs against either the sales price or again
  4. I completed my 2017 tax return and it showed a balance owing. I then added in all of the tools I needed to buy as an electrician ($1532.00) from form T2200 from my employer, but it did not make a difference on my amount owing. When I reviewed the form for Line 1770, it does not seem to include my amount earned as an electrician so does not calculate properly. How can I include the $500 deduction amount?
  5. Hi, As a Sole Proprietorship, Is their a Maximum or Reasonable Number or Percentage of the Expenses I can claim on my T2125 Since it's the 1st Year for my Business! I've a lot of Expenses! But if your have an idea of reasonable amount or percentage i can claim under the expenses section it will be helpful?! Thanks...
  6. I am a University student, my degree program is online except each year there is a two week required on campus residency, meaning I have quite a bit of travel expenses to fly across the country and stay for two weeks. I cannot find any reference to this situation with Revenue Canada, just wondering if anyone else has run into this and how they might have been able to claim it. Thanks.
  7. Hi there, My wife and I have been using UFile for the past couple of years and it has worked great! This past year, my wife was on maternity leave until September. She started to do work but not as a full time employee, but self-employed. She will be self-employed for this entire year coming up as well. When we get the next version of UFile and do our 2014 taxes, will the Self-Employment Business Income option automatically allow for all of her business expense calculations? Expenses such as: KMs travelled for business Office space Insurance Dues etc... This will be the first year wh
  8. How or where is it possible to add hydro expenses to a tax return?
  9. Hello, I've started in 2013 a small home cleaning business and my question applies to motor vehicle expenses using ufile online and the three options: Purchased Motor vehicle. Leased passenger vehicle. Leased vehicle other than (a) passenger vehicle. The problem with these options is that I neither of them seem to apply. I use a personal vehicle in which I fully own and the only costs are likely associated with fuel and maintenance of going to the two homes I clean for. With that considered what do I need to do in order to apply these deductions ? I'll be forthright in that I only ma
  10. I have a completed T2200 from my employer due to the home office requirements for my job. For "Percentage (%) of home being used for personal purposes" I have entered 10%. For simplicity I have entered (for now), $10,000, under the line items "Total home expenses incurred (both business and personal use)". When I generate my results I am expecting to see a $1,000 tax credit. Instead I am seeing $9,000 which seems to be interpreting the 10% as non-office use and 90% is office use. This seems straightforward to me and would assume many have completed this schedule before. Ap
  11. Hello! I'm self-employed workinf from home. So, in ufile online, in Self-employment income -> Home office expenses there are following fields: "Portion (%) of home that is used for personal purposes" - I know what it is, not a problem. but "*Percentage of heat and light expenses that is attributable to the personal use portion" - what does it mean?? And how to calculate this? Can anyone clarify this for me? Thank you!
  12. Hi, I am a little confused on a section called "Employment Expenses" and I will try to explain as clear as possible. I incurred various expenses relating to motor vehicle expenses. On the motor vehicle expense schedule, I entered all costs that I incurred including my new vehicle used for business and personal use. The system asked me whether I would like to claim GST/QST rebate on those expenses. I clicked yes and then entered the GST and QST numbers. My question is whether the GST and QST rebate is only on expenses other than CCA or does it include CCA. The main reason I am asking this q
  13. Under the results tab for my tax return, it is listing medical expenses on line 330 when I didn't claim any. I've checked and rechecked to make sure there isn't a medical claim under the interview tab, but it is still showing with an amount that I did not enter on line 330. Is it supposed to be there, even though I had no medical expenses? If not, how do I fix it? Thanks!
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