Curmudgeon

One cause of this error is in the Working Income Tax Benefit form when the marital status isn't filled in.

From what you write it looks like Box 108 or Box 190. Was the pension a RRP?

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.

Yes, the reporting of losses and gains is the same.

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.

In Interview setup, find Carryforward amounts and prior year information. Click the blue dot on Losses of prior years, carrybacks and select T1A.

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

You are probably in the Other topics on the left side menu. Click on Interview setup. Then follow the rest.

Does Box 28 on his T4 show he is exempt from CPP? If so, enter that in Ufile.

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.

The federal public transit tax credit was cancelled in 2017.

That solved the problem.

I have version 26.01 but the updater says my Ufile is fully up-to-date.

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.

Click Interview Setup, Find Pension and click the blue dot. Select confirmation and fill in.

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

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.

Did you fill in the first box on the T4A form showing who issued the slip?

It's there, follow exactly what is stated.

Did you fill in the box to the left of Box 018?

That is correct. Say the interest payment is $12 and the bond was purchased @ $800 two months after the semi-annual interest period began (four months before your first interest receipt). Two-sixths of the $12 is added to the purchase price so the cost to you is $804, which is the ACB. The $4 is the interest that has accrued since the last payment. When the $12 payment is received, only 12 - 4 = $8 is declared as interest. If the bond had accrued interest, the same calculation applies. All interest accrued on the bond up to the trade date in incorporated into the price and the buyer subtracts it when declaring accrued interest.

Interest that is payed out is taxed when received. If the interest is accruing and not paid out until maturity, the interest is earned for tax purposes for each 12-month period the bond is owned. If the bond was purchased in the bond market, you paid price plus accrued interest to compensate the seller for the interest accrued since the last payment date. This accrued interest becomes part of the bond's ACB and is deducted from the interest received next year, i.e., it is not considered interest for tax purposes.

The selection is based on minimizing family taxes. Because of the OAS and other clawbacks, this can result in the lower income spouse transferring pension to the higher income. Strange but true.

The reinvested dividends go into the ACB. For example, initial investment of 500 units @ $10/unit = $5,000. Later invest $150 dividends when fund at $15 for 10 additional units. Total investment now $5,150 and hold 510 units. The ACB/unit = 5,150/510 = $10.10/unit. Redeem at $16, capital gain/unit = $16 - $10.10 = $5.90. The initial investment and the dividend are subtracted out in the calculation. Only the gain on them taxed.

You are being taxed on the capital gain the dividend investment produced, along with the gains achieved by other investments into the fund, not on the dividend itself. The initial investment in the fund itself came from after tax earning. It's not where the investmet funds come from, it's the gains they produce.