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Taxgeek

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Everything posted by Taxgeek

  1. Thanks Curmudgeon. I went through the relevant tax act sections, mainly 148 (1) to (9), and it's a total doozie. I was hoping someone had a quick way to do it for a first year US company employee, between July and December, 2021, who has life insurance offered by the employer as part of the benefits. Tempted to not report or if i do, just report the premiums paid (~200USD), as i must assume the NCPI (net cost of pure insurance) is close to zero, based on a (practically) zero mortality rate for a young person.
  2. Had a similar error after downloading tax info from CRA My account. After saving the file, closing ufile, then opening again, the error disappeared. Not sure why, how, maybe it will work for you as well.
  3. I have a technical question: i have life insurance with my US employer, and not sure what to put in the "max cost amount during the year" and "cost amount at year end" fields in form T1135. Is it the total amount of premiums paid by the employer for my life insurance, or the face value of the policy (e.g. 2 x annual salary)? Or something else? Any hint by anyone reading this, greatly appreciated.
  4. Hi Sankfrankcisco, As clw said, as long as you filled out form t1135 in ufile, under the foreign income and property section, ufile should efile it for you when you hit the blue button. I have a technical question for you: i have life insurance with my US employer, and not sure what to put in the "max cost amount during the year" and "cost amount at year end" fields in form T1135. Is it the total amount of premiums paid by the employer for my life insurance, or the face value of the policy (e.g. 2 x annual salary)? Or something else? Any hint by you or anyone else reading this, greatly appreciated.
  5. Same for me, just installed and would not register online, some error message saying something "a problem occurred when transmitting your data...". the big question is do i still get the software updates or i must register it to get the updates (like i seem to recall reading someplace)/
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