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Curmudgeon

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Everything posted by Curmudgeon

  1. This might be your situation. https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-10130-wage-loss-replacement-contributions.html
  2. Can't you just add the Sell to ... to the security name in the name box? If it fits, it will show up exactly as shown in the example.
  3. Try this out, it should work. Presumably the LTD payments are on a T4. On the Ufile T4 page, go down to near the bottom to Other Information. In the drop box, go to the bottom and select Wage loss replacement contributions. Put the amount of the premiums in the associated box. Generate the tax return to see if the premiums are being taken off income.
  4. What Ufile says: T2209 - Federal foreign tax credits Generated automatically based on the entries for foreign income. In Interview setup tick Foreign income or foreign property Select Foreign income & property
  5. What Ufile says: Schedule 6 - Canada Workers Benefit Generated automatically Spouse's tax return must be processed with your own. Check your workers benefit input.
  6. One cause of this error is in the Working Income Tax Benefit form when the marital status isn't filled in.
  7. From what you write it looks like Box 108 or Box 190. Was the pension a RRP?
  8. Medical expenses that can be claimed are expenses minus minimum($2,479, 3% of net income). 3% of net income of lower income spouse is usually less than $2,479 yielding a greater deduction. It is usually best to have medical expenses flow to the lower income spouse.
  9. Yes, the reporting of losses and gains is the same.
  10. I would guess that Ufile requires a nonzero percentage, otherwise it's not a joint account and that is what this question is for. Manual entry into your husband's return is probably necessary.
  11. In Interview setup, find Carryforward amounts and prior year information. Click the blue dot on Losses of prior years, carrybacks and select T1A.
  12. A rental loss cannot be claimed in your situation. https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/renting-below-fair-market-value.html
  13. You are probably in the Other topics on the left side menu. Click on Interview setup. Then follow the rest.
  14. Does Box 28 on his T4 show he is exempt from CPP? If so, enter that in Ufile.
  15. Click Interview setup, go down to Other topics, click blue dot on Other deductions and credits, you'll find what is wanted in Other credits.
  16. The federal public transit tax credit was cancelled in 2017.
  17. I have version 26.01 but the updater says my Ufile is fully up-to-date.
  18. I continue to get this error message with Ufile Pro although the updates are current and checked for automatically. This is something that should have been fixed by now.
  19. Click Interview Setup, Find Pension and click the blue dot. Select confirmation and fill in.
  20. The shares may be trading OTC. Did you try selling the securities? If they cannot be sold then they are worthless. Delisting by itself isn't enough to trigger a capital loss. Read the link. You are at Method 2. I used Method 3 to declare a bond worthless. https://ca.rbcwealthmanagement.com/documents/1435520/1435536/Claiming_losses_on_worthless_securities_06122018_high.pdf
  21. In the T1A go down to Net capital loss for carryback. Put $60,000 in the 2021 box. If there were capital gains in 2020 and/or 2019, the remaining $20,000 can be applied there. If there are no previous capital gains or less than $20,000, the $20,000 (or what is left) is carried forward to be used in the future. The T1A is automatically part of the submitted Ufile return. The 2022 NOA will show the amount of capital loss carried forward. After assessment, the CRA will send you the tax refund from 2021.
  22. Curmudgeon

    T4A

    Did you fill in the first box on the T4A form showing who issued the slip?
  23. It's there, follow exactly what is stated.
  24. Did you fill in the box to the left of Box 018?
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