Curmudgeon

On a T4A form, go down halfway to Other Information and pick box 205 from the list of choices.

From the CRA: Does a life insurance policy issued by a foreign issuer meet the definition of specified foreign property? If yes, how is the cost amount of a foreign insurance policy determined? Yes, a life insurance policy issued by a foreign issuer meets the definition of specified foreign property. The adjusted cost basis of an interest in a life insurance policy is defined in subsection 148(9) of the Income Tax Act. This amount can be considered as a reasonable approximation of the cost amount of the property for the purpose of Form T1135. Then read this: https://www.advisor.ca/tax/tax-news/beware-these-t1135-traps/ Good luck!

If the T5008 show the acb, sale proceeds and sale expenses, Ufile will calculate the capital gain/loss.

Look at box 30: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/tax-slips/understand-your-tax-slips/t4-slips/t4-statement-remuneration-paid.html

A bank account is an asset not income. No need to report the complete ownership but if it pays any interest, you are responsible for reporting 100% of that.

If this applies to 2021 then common-law: The CRA considers you to be in a common-law relationship if you have lived together with your partner for more than 12 consecutive months, or if you have a child together, either related to you by blood or through adoption, or if you have primary custody of a child under the age of 18

It is now paid quarterly directly to the taxpayer. No longer done through the tax return.

Does it show up on your Notice of Assessment as an unused contribution? If so it can be put in just above the segment you show.

It sounds like his net income is below the tax threshold. If that is so, then yes reduce or eliminate what tax you can on CPP and OAS.

Nothing in Common tax deductions in the Interview setup page?

I believe you are both right. The final return now can be E-filed but E-filing is done by a tax preparation business. Ufile and similar software Netfile and we can't yet netfile a final return. Will have to paper file.

Which box 26 did you enter the amount? There is a box 26 for investment income and another for communal income.

Check things like you've used an oh instead of a zero.

Maybe his income is too low. If he's not paying tax the education credit will carryforward unless it is transferred.

On the CRA questions page, there should be a principle place of residence question. That's it. There is no longer a scedule 14. Quarterly payments will be sent to you starting in July.

Generate the tax return (#4 in top menu) and scroll down to where the federal schedules end and the BC return begins.

Look at the provincial or Yukon S11 for line 59140.

If a split isn't wanted (probably a bed move) see

Check this listing of investment income and expenses that will trigger CNIL and since it's cumulative it will appear every year. https://help.hrblockonline.ca/hc/en-ca/articles/227762548-T936-Calculation-of-Cumulative-Net-Investment-Loss-CNIL-

In Interview setup, go to Pension income, click on the blue arrow and select Split pension income.

Set up new returns as needed.

See

What kind of pension income is it?

Check this out to see if it is related.