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Geo123

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Everything posted by Geo123

  1. Hello, The issue will be resolved shortly, please check again in one hour. Sorry for the inconvenience and thank you for your understanding.
  2. Hello, The issue will be resolved shortly, please check again in one hour. Sorry for the inconvenience and thank you for your understanding.
  3. Hello frd0128, The issue will be resolved shortly, please check again in one hour. Sorry for the inconvenience and thank you for your understanding.
  4. Hello Vsokalski, The issue will be resolved shortly, please check again in one hour. Sorry for the inconvenience and thank you for your understanding.
  5. Hello Entrobert, T4A Box 040 If you received an AIP from a registered education savings plan (RESP) in the year, you may have to pay an additional tax on all or part of the amount shown in box 040 of your T4A slips. Complete Form T1172, Additional Tax on Accumulated Income Payments from RESPs. T4A Box 040 You do not get an RESP tax deduction for the money you put into an RESP, but your money can grow tax-deferred while it is in the plan. When funds are withdrawn for educational purposes, tax is applied to the investment income and government grants received when withdrawn from the RESP, not on the contributions you made using your funds. These amounts are taxed in the hands of the student, and this usually means little or no tax will be paid, because students typically fall into the lowest tax bracket.
  6. Hello cherrywuuuu, The name is generated from the Identification section. Please Contact the CRA 1-800-959-8281 for inquiries related to individuals. Telephone numbers – Canada Revenue Agency / CRA wait times: https://www.canada.ca/en/revenue-agency/corporate/contact-information/telephone-numbers.html
  7. Hello Guest28, We are looking into this and will revert back as soon as possible.
  8. Hello Huiying, Make sure you are using the latest NAC and not the prior year NAC (which may have been carried forward). Your unique Access code (8 characters) can be found on your Notice of Assessment (NOA) for a previous tax year. This eight-character Access code is made up of numbers and letters and is located on the right side of your NOA. The placement and labelling of the Access code differs slightly depending on the version of the NOA you are looking at, but will always be on the right side of the NOA. On the paper version of your NOA as well as the PDF version in My Account, the Access code is not labelled, but can be found directly underneath the Date issued at the top right of the page. If you are viewing your NOA in My Account or using the Express NOA service in certified tax software, the Access code is found directly under the Notice details box at the top right of the page. OR Call the CRA 800-959-7383 The NAC is not required to NetFile. While this Access code is not mandatory, if you do not enter your Access code, you will not be able to use any information from your 2023 tax return when confirming your identity with the Canada Revenue Agency. You will have to rely on other information for authentication purposes. ------------
  9. Hello, We are looking into this and will revert back as soon as possible.
  10. Hello acmcken, Type of foreign pension income : United States social security benefits (15%) /OR/ United States social security benefits (50%) < = = PLEASE contact the CRA for which one
  11. Hello taxracquet, Please contact the CRA 1-800-959-8281 for inquiries related to individuals. Telephone numbers – Canada Revenue Agency / CRA wait times: https://www.canada.ca/en/revenue-agency/corporate/contact-information/telephone-numbers.html FYI : 20 January 2021 Internal T.I. 2019-0832211I7 - Cross-border Restricted Share Units https://taxinterpretations.com/cra/severed-letters/2019-0832211i7
  12. Hello Cath, You cannot simply split or optimize a capital gain / dividends or interest 50/50 with your spouse (or others). It is pre-defined as per the account set up with the financial institution. This is because of the Attribution Rules, tax rules which have been especially created to limit income splitting (shifting income from a family member with a higher income to a family member with a lower income to reduce the overall tax a family has to pay). https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/it511r/archived-interspousal-certain-other-transfers-loans-property.html
  13. Hello Simon Bourdeau, >> Capital gains and ABIL >> Qualified small business corporation shares (QSBCS) “+” Qualified small business corporation shares A share of a corporation will be considered to be a qualified small business corporation share if all the following conditions are met: *at the time of sale, it was a share of the capital stock of a small business corporation, and it was owned by you, your spouse or common-law partner, or a partnership of which you were a member; throughout that part of the 24 months immediately before the share was disposed of, while the share was owned by you, a partnership of which you were a member, or a person related to you, it was a share of a Canadian-controlled private corporation and more than 50% of the fair market value of the assets of the corporation were: *used mainly in an active business carried on primarily in Canada by the Canadian-controlled private corporation, or by a related corporation; *certain shares or debts of connected corporations; or *a combination of these two types of assets; and throughout the 24 months immediately before the share was disposed of, no one owned the share other than you, a partnership of which you were a member or a person related to you. *Generally, when a corporation has issued shares after June 13, 1988, either to you, to a partnership of which you are a member, or to a person related to you, a special situation exists. We consider that, immediately before the shares were issued, an unrelated person owned them. As a result, to meet the holding-period requirement, the shares cannot have been owned by any person other than you, a partnership of which you are a member, or a person related to you for a 24-month period that begins after the shares were issued and that ends when you sold them. However, this rule does not apply to shares issued: -as payment for other shares; for dispositions of shares after June 17, 1987, as payment of a stock dividend; or -in connection with a property that you, a partnership of which you were a member, or a person related to you disposed of to the corporation that issued the shares. The property disposed of must have consisted of either: -all or most (90% or more) of the assets used in an active business carried on either by you, the members of the partnership of which you were a member, or the person related to you; or -an interest in a partnership where all or most (90% or more) of the partnership's assets were used in an active business carried on by the members of the partnership.
  14. Hello fatemehdhg, The processing of the original transmission is separate from the ReFile. Normally you should wait for the NOA to ReFile.
  15. Hello peter905, You can install UFile on a 2nd computer.
  16. Hello CentLogic AS, UFile PRO client authorization – T183 – Efile authorization >>specific >>ELSE Confirmation Number Rejected Date/Time of Transmission 21-02-2024 7:45:30 PM Result Code 163 The Canada Revenue Agency's records indicate that you have not received the necessary approval to submit T1 return records. Please call your EFILE Helpdesk.
  17. Hello Mori, Please contact UFile Support so we may review the account. Please include above note. Please open a request ticket on-line at https://www.ufile.ca/contact/contact-us
  18. Hello Paul007, You disposed of your vehicle during the tax year and you have not replaced it. At first, you must calculate all the expenses that you've incurred for your vehicle for the time you used it, such as fuel costs, insurance expenses and others. Also, you will have to calculate the total kilometers (Km) traveled in the tax year as well as the number of kilometers traveled to for business purposes. To do this, follow the steps below: 1 In the "Left side menu on the Interview tab" located on the left side of the screen, select the item "Self-employment income''. 2 Complete the "Business ID"and "Income, expenses" pages according to the information that you have. Click on "Next" at the bottom of the page after you've completed each page; 3 In the "Motor vehicle expenses" page, in the first section, enter the information pertaining to the vehicle, including the total kilometers traveled as well as the number of kilometers traveled for business purposes. 4 On the line "Opening balance of the undepreciated capital cost" enter the amount that appears in column 7 of the Area A of the T2125. Make sure that the "CCA class of the vehicle " is selected. 5 For the line "Description and adjusted cost base of the vehicle" enter the ACB of the vehicle sold; 6- For the line "Proceeds of disposition of an asset" indicate, total amount received in payment. If the proceeds of the disposition exceed the ACB, the result will be a capital gain. 7 On this case, you must enter the gain separately under the section "Capital gains & ABIL" and on the screen to the right, select "Real estate and other depreciable property" option; 8- To add the "Capital gains (or losses) & ABIL" return in "Interview setup" in on your right screen, select the "Investments income and expenses" icon and check the box "Capital gains (or losses) and capital history" and click "Next" at the bottom of the page 9 For the line "ACB of the disposition", indicate the adjusted cost base of the vehicle sold in the tax year; 10 On the line "Did you liquidate all assets in this c lass?'' Select "Yes" in the drop down menu, if applicable; 11 If you received insurance proceeds to reimburse you for the loss of the vehicle after a loss, enters the amount on the line "Proceeds of disposition of an asset". The program will report the amounts on the appropriate lines on Form T2125 federal as well as lines of form TP-80 Quebec.
  19. Hello carro, Customize the text size and zoom setting on iPad https://support.apple.com/en-ca/guide/ipad/ipadbfb08e0a/ipados Otherwise please use another computer.
  20. Hello peihowards, For the payment : Please contact UFile Support so we rectify the payment. Please include above note. Please open a request ticket on-line at https://www.ufile.ca/contact/contact-us Child care higher income If you are the person with the lower net income (including zero income), you must claim the child care expenses. *EXCEPT* If the person you lived with has the higher net income, they can only claim the child care expenses if you were: in any of the situations in Part C of Form T778 enrolled in an educational program in 2023 (Part D of Form T778) In this situation, the person with the higher net income can claim the expense, or both of you can claim part of the expense. The person with the higher net income must calculate their claim first. Each of you must fill out a separate Form T778. Fill out parts A and B of the form, and parts C and D, as applicable. Generally, the person with the lower net income (including zero income) must claim the child care expenses. However, if your spouse or common-law partner has the higher net income and one of the conditions below apply, he can make the claim for child care expenses at line 21400. You are enrolled in an educational program that is offered by a secondary school, college, university, or other designated educational institution. This includes any institution certified by the Minister of Employment and Social Development Canada for courses that develop or improve occupational skills. An eligible program has to last at least three consecutive weeks. A full-time educational program requires students to spend at least 10 hours a week on courses or work in the program. A part-time educational program requires students to spend at least 12 hours in a calendar month on courses in the program. You were not capable of caring for children because of an impairment in physical or mental function. You must have been confined for a period of at least two weeks to a bed or wheelchair, or as a patient in a hospital, or other similar institution. A statement from the attending physician certifying this information must be attached to your spouse's or common-law partner's claim. You were not capable of caring for children because of an impairment in physical or mental function, and this situation is likely to continue for an indefinite period. A statement from the attending physician certifying this information must be attached to your spouse's or common-law partner's claim. You were confined to a prison or similar institution for a period of at least two weeks. You were living separate and apart from your spouse or common-law partner at the end of the year and for a period of at least 90 days beginning in that year due to a breakdown of your relationship, but you reconciled before March 1 of the following year. However, such a claim is valid only if your spouse or common-law partner who had the higher income paid those child care expenses and the person with the lower income is a supporting person. For more information, see Income Tax Folio S1-F3-C1, Child Care Expense Deduction. https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-21400-child-care-expenses/who-claim-deduction.html#toc1
  21. Hello Helene D, You are welcome. It is blank (NULL) : TP1 Line 130 is Interest and other investment income as in example below :
  22. Hello Sair, If your total family income is less than $20,000*, you will not be charged any fee to print or NETFILE your return(s) with UFile.* *This is based on the total amount from line 15000 of the federal return of each member of your family. https://www.ufile.ca/tips-and-tools/file-for-free
  23. Hello Herve Cavanagh, Please note that at this time of year the volume of calls can be heavy at times. You may also use our online CHAT service - when logged in.
  24. Hello ArleneJM, Check that you have the latest version of UFile ver.27.10 Update UFile *Settings (upper right hand corner) Tax return counter... Check for updates... < = = HERE Register EFILE-NetFiIe setup RRSP Calculator Retirement Planner >> [Check for updates] [x] Check for updates automatically
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