TheTaxSmith

It might be due to an $8K over contribution that is more than an allowable carry over of $2k. Basically the $8k overcontribution is fine unless it moves into the subsequent year without being applied as its over the $2k allowable overcontribution.
I suspect its just the wording used by Ufile to warn you, but I can understand your concern. Perhaps Nawal can elaborate on that wording?
 
 

Did you try completing Schedule 5 manually to test for the claim?  https://www.canada.ca/en/revenue-agency/services/forms-publications/tax-packages-years/general-income-tax-benefit-package/5000-s5.html

Never use Autofill and in particular when you are a Quebec resident. It creates many problems and actually takes more time. I speak from experience by doing almost 1k returns in a season. Autofill is just a waste of time and created to make things look simple. Delete the slips and go back and enter them manually. When you entered for the T4 with a corresponding RL1 slip did you use the Quebec if different boxes on the right for the RL1 slip? Look for data entry for all slips for an entry that is for QPP and for QPP pensionable income.  Look also for CPP and CPP pensionable income. Somewhere you have entered on the same slip, also looking at Quebec if different options, an amount for QPP and and entry for CPP. Also look at the province of employment box you have entered for each slip.

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. 

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 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.

The proper treatment would be to complete Estate tax returns and if beneficial flow through the death benefit to the beneficiaries tax returns, if however there is a single beneficiary both CRA and RQ will accept reporting on the beneficiaries returns instead. A death benefit can never be reported on the return of the deceased as it is not their income. So add it to the widows return unless you can achieve a lower tax amount by reporting it and paying tax on an estate return.

Hi Miranda.
As you received dividends that were reinvested you need to claim those dividends as foreign investment dividend income. You should use the rate of exchange applicable to the date you received them as well as for the tax withheld. Now you also need to keep track of the amount reinvested to be able to add it to the cost of the shares you own/purchased. That is for the future when you dispose of them.

Hi A Miranda. Nawal posted the following (reposted in Italics here) to another question on the forum
"To report your foreign income or foreign property, please follow the steps below:
1- In the "Left side menu on the Interview tab", please select  "Interview setup".
2- On the right-hand side of the screen, go to the "Investment income and expenses" group, and check the box "Foreign capital gains"
3-To convert your foreign currency, enter the "Exchange rate to apply"  to convert to Canadian dollars.  Then enter the amounts in your foreign currency. The program will automatically convert the amounts to Canadian dollars. The amounts will appear in Canadian dollars in your tax return."
In this case you will need to determine the actual cost of what would be shares at the date you received them and also the Proceeds you received at the specific dates. Using the instructions as per Nawal you can enter the purchase Cost and Proceeds in US funds and find the exchange date for each item. The dates for the purchase as well as the sales will differ. Also for the tax withheld you can enter that at the exchange rate as per the sale date. The program will deal with the calculation for the Foreign taxes and any Foreign tax credits to be claimed on your Canadian return. Be careful to use the exchange rates correctly as the purchases may not have been in the same year as the sales. You can manually enter an exchange rate rather than selecting the pre imbedded rates.
 
 
 
 

Usually the deductions you can claim are summarized on the T4 slip. If you have deductions for an RRSP however you need to get a separate RRSP contribution receipt from the plan holder. Some medical deductions might not appear on the T4 but in most cases they will show up in Box 85. Life insurance deductions are not deductible. Look at your year end pay stub and compare it with your T4.

Take a look at this. Scroll down to the professional course area.
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-32300-your-tuition-education-textbook-amounts/eligible-tuition-fees.html

Hello Goozman. Look at your last NOA for the RRSP area. You will see an Eligible RRSP amount as well as an Unused amount. The Available amount is the difference between those two. If you can access your file online at CRA you will be able to trace back over the years your RRSP contributions and deductions. Reconcile that report with your tax returns to determine what year the Unused amount started. The software will claim your current year contributions plus the unused amount and will deduct an amount up to your current eligible amount. Make sure you have entered the Unused amount to your data input section as well as your Eligible Amount and your Contributions.

Hello annie001. Yes that is correct.