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Aryan

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  1. Hello I have done my NETFILE on 5th April. and I have realized that I have made a mistake in calculating the no of days worked from home for the WFH flat rate benefit. Now I want to fix this mistake. I haven't received the NOA yet. when should I do the ReFILE before the NOA or after the NOA. Also, will UFIle let me do make this change and ReFILE?
  2. I see the following error on NETFILE. Can you please suggest what information I can check and how can I verify what info is with CRA. The information sent to the Canada Revenue Agency doesn't match the identification information currently on record, which was provided by Service Canada when your social insurance number was issued. If you still get this error after your second attempt, please call the Canada Revenue Agency's Individual income tax and trust enquiries line at 1-800-959-8281 for further details. Note: Your account will be locked after five unsuccessful attemp
  3. I started my work on 2020. And it would have been onsite if not for Covid 19, however because of the pandemic I had to WFH for the entire length of my employment till now. Am I eligible for this deduction?
  4. I am a new Permanent resident in Canada, I came to Canada on Feb 15 2020. My income for 2020 is less than 150,473 so am I eligible for the full 13,229 tax credit given that I was not a resident till Feb14. Also, are there any other considerations that can reduce this credit other than the income?
  5. Hello @Nawal, So I do not need to open a My Account just enter my sin in UFILE and it will allow me to NETFILE? Sorry for asking may be obvious questions but I don't know this process. Thansk in Advance.
  6. Thanks for your reply, I am in Ontario. If I understand it correctly to have MyAccount I need to have filed last year's tax return, correct? However, since I came to Canada in 2020 I do not have a tax return filed for 2019. So in this case I cannot Netfile?
  7. Hello I am a new Permanent resident in Canada, I came to Canada on Feb 15 2020. My income for 2020 is less than 150,473 so am I eligible for the full 13,229 tax credit given that I was not a resident till Feb14. Also, are there any other considerations that can reduce this credit other than the income?
  8. Hello, I came to Canada as a Permanent Resident in Feb 2020. Can I NETFILE my tax returns or do I have to send the documents in a mail to CRA?
  9. When I say "So does that mean I should not report these transactions in my tax returns?" I mean: Should I declare the capital gain and there is a way to say that this is from a TFSA and hence tax free OR this should not be mentioned in the return file at all?
  10. Thanks! So does that mean I should not report these transactions in my tax returns? I don't do a lot of trading but what is a definite way of knowing this, in case, I decide to do more trading? As in how do I decide if I should be reporting the capital gains from the TFSA or not? you mention "CRA can declare the account as an investment business account" how can one know that this is the case with their account.
  11. Hello, Thanks a lot for your reply. I understand that it seems obvious since the name is Tax Free savings account. But I want to be sure since I am doing it first time. Is there a limit to how much capital gain can be accrued before it becomes taxable? Lets say for example someone makes 100000 by trading in their TFSA. Is it still tax free? Thanks in advance.
  12. I have purchased some stocks (4 different tickers) in 2020. Of them I sold only one. These transactions are all dome in a TFSA account. Questions: 1. Do I have to report the capital gains or losses for these since they are done in TFSA? 2. If I must report I understand that I should report only the 1 ticker that I sold since the others are not sold yet. Is this understanding correct?
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