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Geo123 last won the day on April 30

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  1. Hello Debra B, In Tab 4, at the bottom of the screen, select the PDF Icons : [PDF] Federal Print <- - - - FOR all including Quebec [PDF] Quebec Print <- - - - IF in Quebec FYI – for the entire tax return: [PDF] Download PDF Then depending on your PDF reader, eg. Adobe Acrobat, Microsoft EDGE; you can save to: *desktop, downloads, file directory *external device such as external hard drive, USB key, cloud drive ~~~~~~~For the Tax Return Instructions~~~~~~~~~~~~~~~~ >>Tax Return (tab 4) T1 comparative summary TP1 comparative summary Assembly instructions p1 <- - - HERE Assembly instructions p2 You only need to send to CRA those pages with [CRA] printed on the top left hand corner. CRA - Address: https://www.canada.ca/en/revenue-agency/corporate/contact-information/where-mail-your-paper-t1-return.html RQ - Address:: https://www.revenuquebec.ca/en/citizens/income-tax-return/filing-your-income-tax-return/filing-your-income-tax-return-by-mail/
  2. Hello vtchernev, Please see example below for CCA Class 43.1 IF using AAIP (2 100%) Class 43.1 (30%) and Class 43.2 (50%) – Clean energy equipment To support investment in clean technologies, the CCA Classes 43.1 and 43.2 are expanded by: including new types of property (for example, pumped hydroelectric storage equipment) broadening the eligibility for certain existing property types (for example, ground source heat pump systems) >>T776
  3. Hello Here 4 Your Tax, You require the original UFile file (eg. *.u23), which was already sent by EFILE, to do a refile. You can do a T1-ADJ.
  4. Hello KMR, UFIle ONLINE is currently experiencing intermittent issues and we are working diligently … Some of our services may be impacted during this period. Thank you for your patience and understanding.
  5. Hello Traceyk, Please verify with the issuer of the T4A slip as to the exact code for the lump-sum payment that applies.
  6. Hello BrysonFernandez, Pension Split The program automatically processes the tax you already paid on the eligible pension income in proportion to the elected split-pension amount. This result is on : Spouse Return : Elected split-pension amount [11600 ] Family Head Return : Deduction for elected split-pension amount [2100] The calculation can also be viewed in Step 5 of the federal T1032 form, available under the "Tax Return" tab. To view the optimization and savings for the pension split pleas refer to the report “Report on split-pension income”. The split is not always optimal at 50%, and this report will show you with and without the allocation. Report on split-pension income – 2023 Checklist - Medical expenses Report on split-pension income < - - - HERE Report - tax savings reconciliation Worksheet (Federal) p1 When a pension split occurs, the income from one spouse is transferred to the other spouse, thereby becoming part of the receiving spouse’s income. The calculation is correct. We are obliged to show the calculations as the CRA has mandated it. We cannot change the calculations as the software is certified according to the CRA standards.
  7. Hello Munshi, The UFile printed version is approved and certified by the CRA. You should contact the CRA why they rejected the print version. Regarding the error message from UFile. Please contact UFile Support so we may review the file confidentially. Please include above note. Please open a request ticket and submit an anonymous file for review on-line at https://www.ufile.ca/contact/contact-us
  8. Hello, T4A slip - Box 105 You were issued a T4A with an amount in Box 105 because you received student financial assistance or a scholarship. To report this amount, please follow the steps below: 1. In the "Left-side menu on the Interview tab", select "Interview setup". 2. On the screen that appears on the right, go to the "Pension" group and check the box "Pension income, other income and split pension income (T4A, T4A(OAS), T4A(P), T4A-RCA, T4RSP, T4RIF, T1032)". Then, go to the "Student" group, check the box "Tuition, education, textbooks, student loans", and click "Next" at the bottom of the page. 3. Return to the "Left-side menu on the Interview tab", select "Pension income, T4A". 4. On the page appearing to your right, click on the plus sign "+" icon to the right of the line "T4A - Pension, retirement, annuity and other income". 5. On the new page generated, go to the line "Other Information (click on the triangle to see the list of choices)" located in the middle of the page. Then, from the drop-down menu, choose "(105) Scholarships, bursaries, fellowships" and enter the amount that appears on your T4A slip. 6. For Quebec residents, if the amount in Box O of the RL-1 differs from the one shown on the T4A slip, click on the "Maple Leaf" next to the corresponding federal box and a new box will be displayed where you can enter the amount for Quebec. This box will only appear if you enter the federal amount first. If you want to enter information about your tuition and education expenses, please follow these steps: 1. Return to the "Left-side menu on the Interview tab" and select "Tuition, education, student loans". 2. On the screen to your right, click on the plus sign "+" icon to the right of the line "Tuition, education and textbook amounts". 3. On the page that appears, enter the details of your educational institution and the T2202A slip. As for Quebec residents, also enter the information shown on your RL-8 slip. 4. At the bottom of the page, on the line for "Solidarity tax credit received in the taxation year (Schedule S L.10)", enter the amount in the field on your right. The amount in excess of $ 500 will be carried over by the program to line 130 of the federal return and the amount in Box O of the RL-1 slip will be carried over to line 154 of the Quebec return, with code 01 displayed on Quebec line 153 (if applicable). However, if you are enrolled in full-time post-secondary education, no amount will be entered on line 130 of the federal return and an amount will appear on line 295 of the Quebec return to reduce the income carried over to line 154 (if applicable). For more information on this subject, consul the following link: For CRA http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/rprtng-ncm/lns101-170/130/schlrshp-eng.html
  9. Hello Craig Marston, Please contact UFile Support so we may review the file confidentially. Please include above note. Please open a request ticket and submit an anonymous file for review on-line at https://www.ufile.ca/contact/contact-us
  10. Hello Nelson, RE : The app you’re trying to install isn’t a Microsoft-verified app This is an issue with Microsoft settings forcing you to their Microsoft App Store. To disable : >>Change my app recommendation settings. >>Change to anywhere. https://www.ghacks.net/2023/04/01/how-to-fix-the-app-youre-trying-to-install-isnt-a-microsoft-verified-app-on-windows/
  11. Hello Playtime, You are welcome.
  12. Hello marajj, Old Age Security pension payments are taxable income. Your Old Age Security pension payments are taxable income. Taxes aren’t automatically deducted each month. You can ask that federal income tax be deducted from your monthly payment by: signing into your My Service Canada Account or completing the Request for voluntary Federal Income tax Deductions CPP/OAS form (ISP-3520OAS) form and mailing it to us or dropping it off at a Service Canada office https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/while-receiving.html
  13. Hello, Crypto payment(s) can impact both T2125 Self-employment earnings and Capital gains / losses : T2125 ===== 1. On the "Left-side menu of the Interview tab", select "Interview setup". 2. On the screen that appears on the right, go to the "Self-employment" group, check the box "Self-employed business income", also if you paid tax by instalments. Then go to the "Tax paid by instalments and tax transfer" group and check the box "Tax paid by instalments and tax transfer" and click "Next" at the bottom of the page. 3. Return to the "Left-side menu on the Interview tab", click on "Self-employment income" and select the option "T2125 - Business income" on the right-hand side page. 4. On the "Business identification" page, enter the name of your business on the line "Business name (or your own name, if the business does not have one ", then enter the other information in the mandatory fields marked with a red asterisk. 5. On the field for "6-digit code from the North American Industry Classification System", enter the NAICS code that best describes your industry. If you do not know the NAICS code, click on the tool tip (the question mark) (?) on the right-hand side of the box to access a list of NAICS codes. 6. On the line "Products or services and their respective percentage (%) in the total income (mandatory for a Quebec return) ", in the field on the right, enter your main service or product and enter the percentage (%). If you have other products or services, click on the "plus sign +" icon on the right to generate another field. 7. Subsequently, after identifying your company, a submenu will appear on the "Left-side menu of the Interview tab" to allow you to enter the "Income & expenses", "Motor vehicle expenses", "Home office expenses" and so on. 8. On the next page ''Income, expenses'', on the line ''Gross sales, commissions or fees'', you must enter a value, if you have no income, enter $0, 00 as this is a required field. NOTE: for expenses, if your company is registered for GST and HST (QST), these expenses must be entered before taxes to reflect the ITRs (input tax refund) and ITCs (input tax credit) you claimed. 9. If you had partners, choose the subsection "Partners" and if you want to claim capital cost allowance for your office furniture and equipment, choose subsection "CCA" and select on this page the classes that apply to your profession. 10. For residents of Quebec, if you wish to pay your registration fee for Quebec, return to the "Left-side menu on the Interview tab" and choose the option ''Q438 - Quebec annual registration fee for the enterprise register''. We recommend that you read the T4002 guide published by the CRA, for more information on what qualifies as a business expense. For more information, please visit the following link: https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4002.html For Quebec residents, we suggest that you consult the "Business and Professional Income" guide, published by Revenu Québec. You can visit the following link: https://www.revenuquebec.ca/en/online-services/forms-and-publications/current-details/in-155-v/ The program will also generate federal form T2125, as well as Quebec form TP-80 if applicable. The gross and net amounts will be reported by the program on lines 13499 and 13500 of the federal return and, for Quebec residents, on lines 12 and 22 of Quebec Schedule L. Crypto Capital Gain / loss : =================== Go to Interview >> Interview setup (right hand of screen) >>Go to the section [Investment income and expenses} >>Capital gains (or losses) and capital gain history - - >(click blue arrow) >>Capital gains and ABIL >>Virtual currency transactions”+” *Name of the virtual currency [see Cryptocurrencies list] *Number of units sold <- - - optional * Date of disposition (dd-mm-yyyy) [31-12-2023] *Method of alienation :[Counter / Platform / Peer to Peer] <- - - optional *Total proceeds from the sale of the property [TOTAL $amount from worksheet] *Adjusted cost base of the property [TOTAL $amount from worksheet] * Expenses incurred in making the disposition [TOTAL $amount from worksheet] >>In Quebec also answer the question : Revenu Québec questions >>Virtual currency >>Did you receive virtual currency? >>Report as Foreign Property – T1135 < - - - CHECK with crypto exchange and / or CRA Report T1135 Foreign Income Verification as Either Simplified methods (if original cost if original cost over $100,000 and under $CAD250,000 OR Detailed if over $CAD250,000)
  14. Hello ClaireB, You would use the existing account with your mother as Family Head. FAMILY HEAD: Open your tax return and go in 'Identification' section of Left side menu: Marital status on December 31: 'Divorced' Did your marital status change? - 'No change'. Go to ‘Interview setup'. In OTHER PERSONAL SITUATIONS tick the box 'Tax return for a deceased person'. Click Next. Return in Left side menu and select 'Deceased'. Date of death - enter the information. Type of return for the year of death: 'Final return'. Click Next.
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