Geo123
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Posts posted by Geo123
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Hello Sorbral,
Go to the Review tab and then "click here to fix". Also check if you did not mistakenly create a second (duplicate) T2125.
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Hello Chris K,
Correct. Delete the dependant in your account / file. Create a new account / file manually - it can not be transferred electronically.
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Hello samuelyoung,
A superficial loss can occur when you dispose of capital property for a loss and both of the following conditions are met:
You, or a person affiliated with you, buys, or has a right to buy, the same or identical property (called "substituted property") during the period starting 30 calendar days before the sale and ending 30 calendar days after the sale.You, or a person affiliated with you, still owns, or has a right to buy, the substituted property 30 calendar days after the sale.
Is to prevent the deduction of artificial losses created on paper by people who are not dealing at arm’s length, meaning two people who not fully independent from one another. These are rules you should know if you are buying or selling capital property
You can't claim a capital loss if you or someone related (spouse/children) buy back the same shares (sold for a loss) within 30 days of the transaction date.
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Hello ronnk,
You are welcome.
1. On the "Left-side menu on the Interview tab", select the heading "Rental property income".
2. On this section, go to the sub-section entitled "CCA", which already contains the information on your building.
3. On the line for "Description and amount of capital additions", in the first field, enter the description of the item, then enter the amount of it.
4. On the line for "Application of the half-year rule to the current year's additions", select the option that corresponds to the situation.
5. If you do not wish to claim the CCA for this expense, go to the line "Limit to the CCA of this class" and enter $ 0.00, otherwise enter the amount of CCA you wish to claim that is subjected to the deduction maximum allowable.
This expense will be carried over by the program on page 3 of Form T776, specifically in Area C of this form, and the amount will be added in column 3 of Area A.
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Hello TiminBC2022,
The pension adjustment of Box 52 of the T4 is required to calculate the allowable deduction for RRSPs for year 2022.
On the left side menu of the " Review " tab in the "Messages" section, the program will generate a "Warning" informing you that "You entered an amount for RPP (registered pension plan) contribution on a T4 or T4A but did not enter an amount for pension adjustment. Ensure that you entered the amount from box 52 of the T4 or box 34 of the T4A".
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Hello kristenf,
Eligible expenses does not show meals, but if all inclusive it is not clear.
Contact the Canada Revenue Agency phone, at 1-800-959-8281
You can claim the Ontario Staycation Tax Credit for accommodation expenses for a leisure stay of less than a month in Ontario, at a short-term accommodation or camping accommodation, such as a:
hotel
motel
resort
lodge
bed-and-breakfast establishment
cottage
campground
vacation rental propertyhttps://www.ontario.ca/page/ontario-staycation-tax-credit#section-2
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Hello CinSch,
Dependant Interview >> Identification
Let MaxBack decide Family head Spouse Divide equally between parents 50% to family head - ignore remainder 50% to spouse - ignore remainder Other percentages (see help) Do not claimDid this dependant have any income in 2022? No YesDoes this taxpayer require a tax return? -
Hello ronnyk,
Renovation of the roof / bathroom would be a capital expense that can be applied to CCA. Repair of a bathroom would be an expense.
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Hello ronnyk,
No. The Compte d'épargne libre d'impôt (CELI) / Tax-Free Savings Account (TFSA) is not on the tax declaration.
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Hello birchwood,
It's either on a T4A or T4E
(1.) T4A - Box 201
OTHER INFORMATION (COVID-19 benefits) (click on the triangle to see the list of choices)
(A payment of fees for services under code 028 should be entered in Box 048)(2.) T4E
Overpayment recovered or repaid26Reversal of income tax deducted27Repayment of an overpayment (RL-6 box D)30DRepayment of an overpayment if different from T4E Box 30 (RL-6 box D)DWhether or not the averaging of the repaid amount should be considered by the Revenu Québec No YesRepayment of the CERB (this amount is included in box 30) -
Hello clisea,
Update your version UFile >>Settings >> Check for Updates
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Hello Sabrina,
1). Close the UFile session by exiting the UFile page ie close the browser and login back in. The data should not be lost and all entries should be restored (except the last interview page). It may be due to a split second disconnect of the DBase to web server interface page and can be caused by network latency, internet disruptions or other internet issues.
2.) Also reported when a user is behind a PROXY or other Web service which changes the users IP address during the session in UFILE.
3.) Switch browsers. Eg. From Chrome to Firefox
4.) IF the issue persists please try to open your account from a different location ie different IP address: home or office or reboot the modem router.
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Hello Gene,
You can not export the data from UFile ONLINE to UFile Windows, only from UFile Windows to UFile ONLINE.
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Hello V4D3R,
Welcome. For "Change in use" go to the bottom of the page :
Change in use of property and election under section 284 or 286.1 < --- SELECT YES
Change in use of property and election under section 284 or 286.1 Yes NoFromToWere you a non-resident throughout the year of acquisition of the property? -
Hello brennamurphy,
To limit the current year RRSP contributions go to the RRSP page :
RRSP or PRPP/VRSP deduction to use in 2022RRSP or PRPP/VRSP deduction to use (leave blank to use all your contributions as a deduction) -
Hello Stuart,
Please verify your data entry. Otherwise please contact UFile Support so we may review the file confidentially.
You can open a request ticket and submit an anonymous file for review on-line at https://www.ufile.ca/contact/contact-us
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Hello Thinker,
Name and address of facility: The field length is 40 chars – this is a CRA limitation. It is due to the file transfer field length having a maximum as well as the actual form Worksheet ON428 and ON479
Worksheet ON428 and ON479 (continued)Line 63052– Ontario staycation tax creditUse this chart to determine your qualifying leisure accommodation expenses in Ontario, for 2022. You can claim more thanone stay. For more information, see the Ontario Information Guide in your income tax package.Dates of stayAccommodation or campingAmount paidFromToDescriptionName and addressof the facilityHST numberof the facility(including allapplicabletaxes)+2022-01-012022-01-101234567890123456789012345678901234567890Hotel123456789RT000166600 =1Total of accommodation expensesComplete the box that applies to you, following the instructions below. Complete only one of the two boxes.If you did not have a spouse or common-law partner or an eligible child on December 31, 2022, complete Box 1 to calculate your credit.If you had a spouse or common-law partner or an eligible child on December 31, 2022, complete Box 2 to calculate your credit.Box 1Amount from line 1 above2Total reimbursement, allowance, or any other form of assistance you received-3Line 2 minus line 3 (if negative, enter "0")Total of qualifying accommodation expenses=4Enter whichever is less : $1,000 or the amount on line 4.(maximum $1,000)5Enter the amount from line 5 on line 63052 of your Form ON479.Box 2Amount from line 1 above6Total reimbursement, allowance, or any other form of assistance your family received-7Line 6 minus line 7 (if negative, enter "0")Total of qualifying accommodation expenses=8Enter whichever is less : $2,000 or the amount on line 8.(maximum $2,000)9Enter the amount from line 9 on line 63052 of your Form ON479.Notes:Only one person per family can claim the credit for the year.If you had a child who died in 2022, and that child would have been under the age of 18 on December 31, 2022, you aredeemed to have an eligible child on that date. Therefore, you can tick Box 2 and your limit is $2,000.666006660066600666005006-D E (22)Page 2 of 2 -
Hello,
These amounts should be entered as they appear on your municipal tax bill.
29. GRANT FOR SENIORS TO OFFSET A MUNICIPAL TAX INCREASE (LINE 462)
You may be entitled to a grant to help offset an increase in the municipal taxes payable on your residence if you meet the following conditions:On December 31, 2022, you:
were resident in Québec,
were 65 or over, and
had owned your residence for at least 15 consecutive years (including any time your spouse owned the residence before transferring ownership to you).
Your residence is an entirely residential assessment unit consisting of only one dwelling and it serves as your principal residence.
You received (or were entitled to receive) a municipal tax bill in your name for the residence for 2023. (If you co-owned the residence, the bill may have been issued in another co-owner's name.)
Your family income for 2022 does not exceed the eligibility cap.
You must also meet at least one of the following two conditions:The potential grant (determined using the current assessment roll) is shown on either your 2023 municipal tax bill or the document entitled Amount of the Potential Grant to Offset a Municipal Tax Increase that was issued by your municipality.
You or a co-owner of the residence received a grant in the last year covered by the previous assessment roll.
For the complete list of conditions, including the maximum eligible family income, or to calculate the amount of the grant, complete form TP-1029.TM-V, Grant for Seniors to Offset a Municipal Tax Increase. Enclose the form with your return. -
Hello malejko,
Under the heading "Employment expenses ", you have a choice to make, you must choose between the "Temporary flat rate method" or "Employment expenses for working at home due to COVID-19 for an employee earning a salary".
You can't choose both because you won't be able to file your tax return by EFILE. You must make a choice between the two methods.
In addition, according to some test files we have conducted, the fixed rate method is the most advantageous. We suggest you do a simulation to check what is most beneficial for you.
To claim these expenses, please follow these steeps:
1 - On the "Left side menu of the Interview Tab", select "Interview setup".
2 - On the screen to your right, go to the "Employment and other benefit" group, check the box for "Employment expenses (including T777S)" and click on "Next" at the bottom of the page.
3 - Return to the "Left side menu of the Interview Tab" and select the "Employment expenses" section and on the screen to your right you should choose the option that suits you.
For the option "T777S ? Employment expenses for Working at Home due to COVID-19 ? Temporary flat rate method» year 2021 and 2022 the fixed rate is $2 per day worked up to a maximum of $500.
For the detailed method you must have received from your employer the federal form T2200 and if you are a Quebec resident the form TP-64.3. duly completed.
For more information, please visit the following link:
Eligibility criteria - Temporary flat rate method:
Eligibility criteria - Detailed method:
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It is possible that you added an additional person to your file in error. Click on the Interview section (tab #2) and see how many little people shadows you have in the upper horizontal bar. If you have more than you should have, click on the extra shadow and then click on "delete selected" toward the end of the upper horizontal bar. This will delete the additional file. This action cannot be undone.
If this does not resolve the error message, then please contact our office at 1-888-633-8414 or If you prefer, you can also open a request ticket and submit an anonymous file for review on-line at https://www.ufile.ca/contact/contact-usemail us at help@ufile.ca
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Hello Surbia,
Please go to the Review section and then click on “please click here to fix”
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Hello Saad Alexan,
This error may be occurring for a number of technical reasons. Please contact UFile Support.
For telephone support, please call: 514-733-8414 or 1-888-633-8414
An agent can review the issue with you.
( You can also try again : If you prefer, you can also open a request ticket and submit an anonymous file for review on-line at https://www.ufile.ca/contact/contact-us) -
Hello Mcphee78,
If you have an error which you can not correct please contact UFile Support so we may review the file confidentially.
For telephone support, please call: 514-733-8414 or 1-888-633-8414
An agent can review the issue with you.
If you prefer, you can also open a request ticket and submit an anonymous file for review on-line at https://www.ufile.ca/contact/contact-us -
Hello V4D3R,
To report the sale of your principal residence, please follow the steps below:
1. On the "Left-side menu on the Interview tab", select the "CRA Questions" topic.
2. On the page that appears, go to the line "Did you sell a principal residence in 2022?". The sale of a principal residence must now be reported with any principal residence designation.
3. If you answer "Yes", a topic will be generated in the "Left-side menu on the Interview tab" with the heading "Capital gains (or losses) & ABIL".
4. On the page appearing to your right, click on the plus sign "+" icon to the right of the line "Personal use property (Including the principal residence)".
5. On the page that appears, enters the relevant information in the first fields. If you are a co-owner of the residence with your spouse, go to the line "Your percentage share of capital gain/loss recorded here" enter your percentage.
6.The following line will be generated "Do you wish to transfer the remainder to your spouse's tax return (if applicable)?".
7. If you answer "Yes" you do not need to answer the CRA's question "Did you sell a principal residence" in your spouse's file because the program will transfer the information into their file.
8. Then go to the "Principal residence" section and go to the line that starts as follow: "Designation of the property as a principal residence to the Canada Revenue Agency (CRA)." and answer, "Yes" if the property that was sold was your principal residence as defined by the CRA and enter the address of the principal residence.
9. Next, go to the "Designation" section and select the period (taxation years) during which that property was designated as your principal residence. In the fields that follow, enter the year of beginning and the year of the end as the principal residence.
10. However, if you have not permanently resided in your principal residence, click the plus sign "+ Add another" icon to create another occupancy period for your residence.
11 If you rented your residence during the unoccupied period, go to the line "Change in use of property and election under section 284 or 286.1", and by selecting "Yes" a field will be created to indicate the period (from what year to what year) during which the residence was leased.
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FYI - #11 Designation
Select the taxation years period that property was designated as principal residence
From
To
Add Another “+” -Click ‘+’ to enter period(s)You should also consult - Changing all your principal residence to a rental or business property
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-12700-capital-gains/principal-residence-other-real-estate/changes-use/changing-your-principal-residence-a-rental-business-property.html
CCA
in Reporting income
Posted
Hello MPN,
Please see below.
1. Opening balance of the undepreciated capital cost - leave blank
2. To whom the CCA should be allocated: The property is co-owned by 60%-40% with the spouse, should I choose Partner Level, (Prorated amounts)? - No leave blank
Select >> Partners (see below)
3. ACB of the depreciable capital property in this class: is this the grand total cost of purchase (purchase price+land transfer tax,...) or should it be just the building allocation of this grand total (land % excluded)?
Create two CCA entries (1) Building (2.) Land (nondepreciating)
4. Description and amount of capital additions (other than AIIP): As it is the first year and no capital expenses have been incurred, should I use the same value as ABC? if so, where should I put the grand total purchase price for future deposition and capital gain/loss?
Same as ACB. UFIle will retain the values in the software at time of disposition and you will include on Schedule 3 - Capital Gains (losses)
Ownership by spouse
Use this page if your spouse is a co-owner of this rental property. To use the rental property information in your file to produce a corresponding rental property statement on your spouse's tax return (adjusted by your spouse's percentage share), select Generate rental income statement for spouse below. In this case, do not repeat the information for this rental property in your spouse's file.
In some cases, such as when there are different expenses at the partner level for your spouse and yourself, the program cannot produce an accurate statement for your spouse based solely on information available in your own file. In this case, select Do not generate rental income statement for spouse. The program will use your spouse's basic identification information to complete the 'partner' identification section on your statement. However, you will need to re-enter the complete rental property information in your spouse's file.
Rental income - New acquisition of depreciable property
To enter new acquisitions of depreciable property, please follow the steps below:
1. On the "Left-side menu on the Interview tab", select the "Rental income" option, select the subsection "CCA", and on the screen to your right choose the class applicable to the new acquisition of depreciable property that you have acquired.
2. On the page pertaining to the classes of the property identify the property at the line "Description of the asset" and enter the date of acquisition.
3. For the line "To whom the CCA should be allocated", choose the option that corresponds to your situation, from the drop-down menu to your right, usually "Business level (full amounts - 100%)".
4. For the line "Description and amount of capital additions (other than AIIP): ", enter the purchase cost of the property or the market value of the property you are using for the company`.
5. For the line "Application of half-year rule to current year additions", choose "Yes".
6. If the property in question is not subject to the half-year rule, select "No".
7. However, if you wish to limit your CCA deduction for this property, go to the line "Limit to the CCA of this class" and enter the amount of depreciation you wish to claim. If you do not wish to claim a capital cost allowance, enter $ 0.00.
The cost of additions of a category already existing will be added to column 3 of Part A.
The additions will appear on page 3 of Federal Form T776, Parts B or C, as applicable.
For more information, please consult the CRA website at the following links:
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/rental-income-line-12599-gross-line-12600-net.html
https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4036.html
For Quebec residents, you can consult the Revenu Québec website at the following links:
https://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/completing-your-income-tax-return/line-by-line-help/96-to-164-total-income/line-136/
https://www.revenuquebec.ca/en/online-services/forms-and-publications/current-details/in-100-v/