[T4A box 020 is present, make sure this amount is also included within a business grouping]

On 3/27/2013 at 9:03 AM, Gabriel said:

You have received a T4A slip with an amount in box 020 for the commissions you received as self-employed. To enter this amount in the program, please follow the steps below:

 

1- In the "QuikClik Navigator" to the left of the screen, select "Pension income, T4A, split pension".

2- On the page that appears on the right, select "T4A - Pension, retirement, annuity, and other income".

3- On the newly generated page, select "Box 020 - self-employment commissions (report this amount as a T2125 - Commission income)" and enter the amount from box 020 of the T4A slip.

4- Return to the "QuikClik Navigator" and click again on "Interview setup".

5- On the page that appears on the right, select the "Self-employment business income" and click Next".

6- In the "QuikClik Navigator", click on the line "Self-employment income" and, on the page appearing on the right, select "T2125 - Commission income".

7- On the page "Business identification", enter the name on the line "Name of the professional business (or your own name if the business does not have one)", then record the other information in the required fields marked with a red asterisk.

8- In the field for "6-digit code from the North American industry classification system", enter the code that best describes your industry. If you do not know the code, click on the tool tip (the question mark) (?) on the right-hand side of the box to get it.

9- In the section "Income and expenses", enter $0.00 for the line "Gross sales, commissions or fees" and enter the amount in box 020 of the T4A slip in the field "Self-employed commissions (T4A Box 020)". If you have expenses, enter them in the boxes corresponding to their description.

 

The amount will be reported on lines 166 and 139 of the federal return, as well as on line 154 of the Quebec return and on line 25 of Quebec Schedule L, if applicable. The program will also generate federal form T2125, as well as Quebec form TP-80 if required.

Tried this and it still didn't work unable to file Federal return electronically. Any other ideas?

 

[Warning message, unable to NETFILE]

Warning message,

You cannot currently NETFILE the federal return. Please review the 

following reasons, and make corrections when possible. If an (*) appears 

at the end of an explanation below, it denotes a NETFILE exclusion (i.e. 

the return cannot be transmitted).

 

The amount in box 020 of the T4A slip must also be reported within the 

corresponding business as self-employment income.

 

 

[I can not file my tax return electronically]

Hi Peter,

 

Have you received a response as I have the same problem.

[Where to report foreign rental income?]

On 6/1/2021 at 4:31 PM, Mark Robson said:

Thanks

Hi Nawal I have done everything for the foreign property and now want to netfile but it won’t let me. It says I can’t because “the tax payer is claiming a split pension amount” it says the same message in my wife’s as well. Can you assist?!

[Where to report foreign rental income?]

Thanks Nawal I’m having a hard time completing the T1135 for US rental. The property cost 200 k Canadian. Can you please assist me in completing it. I know I fill out Part A of the form. Which boxes do I check and I know I put in gross income what do I place under Gain(loss) from the disposition from all specified foreign property? I still have ownership.

[Where to report foreign rental income?]

Nawal sorry to bother you. I need to compete the section of owning foreign property over 100 k correct? I have to say yes to that statement correct?

[Where to report foreign rental income?]

Thanks

[Where to report foreign rental income?]

Hello, So on the foreign income side do I insert US funds or convert to Canadian? Will ufile add both incomes/losses or just one item?

[Where to report foreign rental income?]

10 hours ago, Nawal said:

Hi @Mark Robson, To enter the amount of foreign rental income, you have two procedures to perform.

A. First, you must produce a rental income statement form by following these steps:

1. In the "Left side menu on the Interview tab", select "Interview setup".

2. On the right-hand side of the screen, go to the "Rental income" group, check the boxes for "Rental property income" and click "Next" at the bottom of the page.

3. In the "Left side menu on the Interview tab", select "Rental Income" and on the right-hand side, choose "T776 - Rental income property".

4. Since the building is located outside of Canada, you have 3 choices.

     A) On page "T776 - Rental Property Identification". You can leave the "Address of the rental property" blank and the program will use your home address of Canada and you may submit your return via NETFILE.

     B) Your second choice, which we favor, in the section "Address of the rental property" you indicate the civic number of the foreign property on the line "Street" and the line "City" you enter the city and state and the country. However, you indicate your province of Canadian residence and your Canadian postal code. You will be able to send by NETFILE.

     C) If you enter the full address of the property in the country where your property is located, you will not be able to submit your return by NETFILE, and then you must mail it to Revenue Canada.

5. Once the information regarding the identification of the property has been entered, click "Next" at the bottom of this page and you will have access to the items "Income, expenses", "Labour costs", "CCA" and "Partners" in the "Left side menu on the Interview tab". Complete the sections that relate to your situation.

B. Then, as a second operation, you must enter your net rental income and foreign taxes paid in the foreign income section by following these steps:

1. Return to the "Left side menu on the Interview tab", select "Interview setup".

2.  On the right-hand side of the screen, go to the "Investment income and expenses" group, check the boxes for "Foreign income or foreign property (T1135)" and click "Next" at the bottom of the page.

3. Select "Foreign income & property" and in the screen to your right, click the plus sign "+" icon to the right of the line "Foreign rental income".

4. On the page entitled "Foreign income - rental", indicate the country where the income was earned and other relevant information, enter the net rental income on the line "Foreign business income entered as business income". If applicable, enter the "Amount of foreign tax paid" on this rental income and click "Next" at the bottom of the page.

Form T2209 will be produced by the program and the program will tell you if you are eligible for the federal foreign tax credit. While for residents of Quebec, form TP-772 will be generated by the program and will show you on line 49 the foreign tax credit.

The foreign tax credit will be carried forward by the program to line 40500 of the federal return and line 409 of Schedule E of Quebec, Foreign Tax Credit. In addition, the program will generate federal form T776 - Statement of Real Estate Rentals, as well as form TP-128 - Income and Expenses Respecting the Rental of Immovable Property.

For more information, please consult the following link:

https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/information-been-moved/rental-income-non-resident-tax.html

Remember, if your foreign property has a value above $100 000 CAN., do not forget to indicate at "CRA questions" and complete the "T1135 Foreign Income Verification Statement".

Thanks for your help!!

[Where to report foreign rental income?]

I have a net loss of a rental in the US. How do I put in a net loss amount(-)in the net income/loss for foreign rental income or do just put the amount in?