TheTaxSmith

Yes it can be frustrating both for those that have filed and likely the software developers. In order to have the software approved by CRA it needs to include and follow CRA guidelines. Basically people should still file for the credit and get their returns in on time. The delay will be annoying. I suspect none of the tax software companies produce a warning that the legislation for the credit has not passed. A warning may have caused people to delay or omit the claim. In that case if the legislation gets passed many people would have to amend their returns. Good point however that Ufile should produce a warning but also suggest people file for the claim anyway and not delay.

As per CRA. Note the Warning under the title https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/lines-46800-46900-eligible-educator-school-supply-tax-credit.html

Does the NOA income match the income you filed?

There is a difference between the amount owing/refundable and the taxes payable (lines 43500 and 450). Ideally you should always look at the Federal tax return line 43500 and Provincial tax return line 450. In many cases you want that to be zero, which however is not achievable for most people. RRSPs will lower the amounts on that line. So you need to compare the Federal amount payable as well as the Provincial amount payable and achieve the lowest total of those amounts. That involves playing with the RRSP limit to claim amount. But as mentioned earlier watch out for how that can affect child benefits and things like work supplements. From your comments above it appears the first option may be better.

That can be claimed separately under the section for Union and Professional fees.

Basically it means you have contributions to your RRSP that would possibly be better to carry forward to use in a subsequent year. The claim you are making on the Quebec return is not providing any deduction for you. You should look at optimizing the amount by limiting the current year RRSP claim. That said however you do not want to exceed more than $2,000 over your next year's limit. Also consider that RRSP claims affect the child benefits as well as any work income supplements so it is important to look at the result for those benefits.

You complete the trust return and then complete tax slips for the beneficiaries to flow the death benefit through the trust to have it taxed on the beneficiaries returns. Those slips will be entered on the individual beneficiaries returns as T3/RL-16 income.

You can't. A trust return is a separate tax return and Ufile does not supply software for filing trust returns. You have to do it manually.

That is not a form in Ufile. It is an Estate or Trust tax return. https://www.revenuquebec.ca/en/online-services/forms-and-publications/current-details/tp-646-v/

There are two separate schedules to complete. Did you complete both of them?

Since your previous years returns were already reassessed allowing the credit then it's not your first year of claim. Make that change and try again.

You need separate files otherwise the deductions and credits will not work properly. Also you will have errors in the file due to claiming separate but having an attached spouse. Look at the Federal deduction for a dependent for each of you. Based on the custody arrangement you may be able take advantage of this for the current year and the future.

Ok maybe its something that needs to go through the Calculation process. Try Calculating/Viewing the return. (the 4th Tab).

Did you add and complete the ON-BEN - Application for the 2022 Ontario Trillium Benefit schedule? Its in the section above the area where you select the taxes paid form.

While in the Interview tab look for and click on Interview setup in the left side index list. Look on the right for the section "Investment income and expenses". Select Foreign income or foreign property" and click the blue arrow. Then over on the left index look for Foreign income and property. Click on that. Back over on the right look for Foreign non-busines income. Add the schedule for Foreign employment income. Now for a bit of a wrinkle. The Australian tax year is 1 July to 30 June the following year, not like in Canada which is based on the calendar year. So make sure you place the income in the correct year on your Canadian return.

I suggest you use the full ACB in the CCA schedule. Based on the ownership it should calculate based on 1/3. Test it to see the result. Always review the end result of course to make sure it makes sense.

The opening UCC needs to be the individual's balance from the prior year. The ACB needs to be the original amount from which CCA has been taken. Then "to whom the CCA should be allocated" use the partner selection. Now I suspect you will experience a Recapture of CCA, which is added as income, as well as a capital gain. Calculate the return and review the results specifically for the CCA schedule.

Hi Baynerj, I tried to replicate that situation and did not see what you are seeing. I have the windows version and its resident on my system (not an on-line version). I suspect you have already tried to remove the T4A, exit the system and saving the file with the T4A removed, then reenter the file and add a T4A again?

I just tested the software by entering an amount for Box 48 in a single T4A slip then entering the same amount on the T2125P schedule on the line for Box 48 services. All works as expected. However if by chance the business is a co-ownership with a spouse you need to also complete a T4A with the same information in the spouse's return. If not you will get a data error warning preventing netfiling. Any chance that is the problem?

Hi IIyfan. To start what you have is probably a co-ownership and not a partnership so don't use the partnership percentage areas. Use co=ownership only. If the property is specifically rental and had no principal residence situation in the past you can have the gain calculated using the rental schedule (both land and building). The gains should then transfer to Schedule 3. Entering the data completely in the rental schedule for ACB, expenses for sale and disposition price should send the gain to Schedule 3 in the respective co-ownership %. So if all is owned equally you should see a gain of 1/3 on your return's Schedule 3 for both land and building then the 50% taxable capital gain should be transferred from Schedule 3 to your tax return. In the rental schedule data entry select as type of ownership "Co-ownership". % personal use as zero, share of ownership as 33.33% if owned equally. In the CCA data entry schedules (building and land schedules) enter the data as requested making sure you complete the area for ACB, Down further say Yes to Did you dispose of an asset?, which opens up some additional fields to complete. Ask to Calculate the capital gain and finally respond to the last question concerning liquidating all the assets in the class (if there was only the one). Do the same for the land schedule as well. The gain will be controlled by the co-ownership % on the rental statement. Review Schedule 3 after calculating/viewing the return.

Look one comment down on this board. I just posted this for another request. On the self-employment schedule did you enter the amount from Box 48 as Fees for services (T4A) only and no where else on that schedule? Also you need to open up a T4A and complete the data entry for Box 48. That T4A slip you need to enter does not carry over to the income statement. It is for information purposes only.

On the self-employment schedule did you enter the amount from Box 48 as Fees for services (T4A) only and no where else on that schedule? Also you need to open up a T4A and complete the data entry for Box 48. That T4A slip you need to enter does not carry over to the income statement. It is for information purposes only.

As previously posted by thetut

Ok so in the schedule for Class 1 - CCA you need to respond as Yes to the question "Did you dispose of an asset in this class". Complete the subsequent questions. For "Calculate the capital gain and carry the result on schedule 3" respond with "Do not calculate capital gain". For the last question respond appropriately to the liquidation of all assets in the class. Now open up a schedule under the Capital gains (or losses) and ABIL. Look for "Real estate, depreciable property, and other properties" and add that. At the bottom of that schedule look for the "Principal residence" section and complete that area. Then review after calculating your return for Schedule 3 and the correct gain from the rental period and the Principal residence and exemption forms.

On the left side in the index listing did you click on Net Capital Losses. Opening that schedule you will then need to enter the net capital losses by year of origin. You enter the total for the year. Make sure the final summary total agrees with the CRA notice from last year.