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Hi there! I have the form T2200, employment expenses. It is signed by my employer stating that I use my personal vehicle to earn employment salary. I have fairly a good knowledge on how to fill it out in Ufile. The only issue I have is: I had a car since 2014 I purchased it 3800$ and beginning of this year in march I purchased a brand new car for my work purposes and I sold my old car in Jun for 2150$. It seems Ufile doesn't ask how much I sold the car and how much was the loss? I had both cars (90% employment use-10% personal use) for a period of 3-4 months. I have entered both car info. FYI I had a chrysler I bought it in 2014 for 2800$. The adjusted value start of the tax year was calculated by ufile which is around 2300$. I sold it for 2150$ in the tax year.
This is my first time claiming Home Office expenses as a new, salaried 100% Home Office worker in 2013. On the Home Office Expenses form, I can't claim Property Taxes but what does the "Taxes" line represent (under the Water line) ? Also, I have sent in my T2200E form to my work to be signed, and curious about question #7. Do we have to identify all of the expenses (which we claimed within Ufile) on the T2200 form ? For reference http://www.cra-arc.gc.ca/E/pbg/tf/t2200/ Thanks, Bob
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. Appreciate any insight or advice. Thank you, Julian.