Curmudgeon
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Posts posted by Curmudgeon
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Set up new returns as needed.
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What kind of pension income is it?
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Check this out to see if it is related.
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In Interview setup, go to Pension and click the blue arrow. Pick split pension income. Set up what you want there. Before doing this, however, calculate the total tax payable by yourself and spouse with MaxBack. Do the same after setting what you want. I think you'll find that the total tax burden is less with MaxBack.
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Under Pension income there is a T4A. Is that what you are looking for?
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Addresses can be changed in My Account.
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Are you doing a 2021 return?
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If a dependent doesn't have any income some of the options won't show.
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Click Interview setup - Employment and other benefits - Employment expenses and pick you situation.
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Are you able to contact the employer to find out what's going on?
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5 hours ago, PWONG said:
Thanks Curmudgeon, so can I just report this as my 2021 contribution or do I have to file an adjustment to my 2020 return? Thanks again
It's your choice. Easiest to report it in the current (2021) return assuming you have RRSP limit room available.
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The first 60 days of 2021 is part of the 2020 RRSP season. You could have claimed it last year. You can file an adjustment or claim it next year. Contributions don't have to be claimed in the year they are made.
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Yes, you'll receive quarterly payments instead of a tax credit.
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Did you contribute to an RRSP in 2021?
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Under Controls on the left side menu there is a Transfer of taxable dividends option.
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Some information here:
There should be a CRA refile option near the top of the left side menu.
Investment income is divided by the proportions contributed by spouses. If one provided 30% of the funds for investment and the other 70%, then that is how it is supposed to be declared. Most filers report 50-50 and don't worry about audits. (I confess to doing the latter). The Ufile T5 form has a question about dividing the income.
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You have to do a new return for her. Can't delete the family head from a Ufile return.
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Some information here:
There should be a CRA refile option near the top of the left side menu.
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- Click Interview setup
- Scroll down to Common tax deductions
- Check Medical expenses, disability, caregiver
- On the left side menu Medical expenses, disability, caregiver will show up. Pick Medical expenses
- If you have a 12 month year that doesn't end Dec. 31, 2021, also select Last date and fill it in.
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If you are filing from AB, SK, MB or ON, the CAI is not claimed on the tax return. Instead, you'll receive quarterly payments.
Pension Splitting
in Technical questions
Posted
In Interview setup, go to Pension income, click on the blue arrow and select Split pension income.