bcasey123
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Posts posted by bcasey123
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I'm under 65, didn't transfer anything and correct, it was from a PRIF. Based on the CRA Q&A's, it looks like I am not eligible. Interesting, cause they seem to explain in detail which incomes are not eligible but don't speak to my type, which lead me to believe it would be eligible. Advice I was given indicated and what I had previously found was that I would be eligible. Guess that was wrong.
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Are there any tax experts here that can provide some guidance on whether I am eligible for the pension income tax credit or not. My understanding was that I am eligible since I am over age 55, but Ufile support seems to believe otherwise. CRA guidelines for line 11500 indicate that I can't report this income here, but instead on line 13000 which prevents the credit from being available. Pension Income Tax credit guidelines for line 31400 clearly state what income is not eligible and mine does not fall in those identified, as it was simply a pay out from a PRIF. Appreciate any help you can provide as the CRA guidelines do not seem to be clear.
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Nothing yet, been meaning to call support. Hopefully I have time tomorrow. I’ll post on here if I figure it out.
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Thanks for the help TheTaxSmith. I am on version 24.11 as well. Seems like a defect in the program. I'll contact support.
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Hi TheTaxSmith. Yes, I'm over 55. Just double checked my T4RIF slip entry and it appears to be entered correct. I have entered just the amounts in box 16, 24 and 28. Any way I can override this in Ufile?
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Just the 10% tax deducted and the excess amount in box 24, which is equal to box 16.
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I have pension income on a T4RIF, that defaults to line 13000 when entered. I am eligible for the pension income tax credit, but cant find where to enter it. Or should box 16 from the T4RIF default to line 11500 instead and if so, how do I change that?
Pension Income Tax Credit
in Technical questions
Posted
Saskatchewan. And thanks for the help, TheTaxSmith, it's much appreciated.