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antarctican

Line 127 and non-residents

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Good morning,

 

I'm using UFile and this is my first year using it as a non-resident, living in the UK. I had capital gains from the disposition of mutual funds however under the Canada-UK tax treaty I'm not liable for Canadian taxes for these gains, the capital gains tax would be collected by the UK.

 

On the CRA website [1] under "Taxable capital gains" it says:

 

Do not report any gain or claim a loss from the disposition of taxable Canadian property if, under a tax treaty, any gain from the disposition of the property would be exempt from tax in Canada. If you have to file a return, attach a note stating you have not reported the gain or claimed the loss because of a tax treaty.

 

However when I import my T5008 and Ufile calculates Schedule 3, it applied the taxes on line 127. How do I blank out line 127 as the CRA says to do above? I've told Ufile I'm non-resident however I can't seem to find any button to say something like "exempt capital gains under treaty" or a place to simply put 0 in line 127.

 

Thanks!

 

[1] http://www.cra-arc.gc.ca/E/pub/tg/t4058/t4058-e.html#P278_32137

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