Geo123
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Posts posted by Geo123
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Hello hacpapc,
The warning " the value of the field exceeds the maximum value" could be related to a number of things. For example if the T4 "EI insurable earnings " exceeds the maximum value. In the Review Tab clicking on "Click here to review your data" should take you to the Data Entry screen.
If you still can not locate the warning (or error) you can 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 ttplaya,
There is no way to export UFile ONLINE into UFile Windows (desktop) only from UFile Windows to UFile ONLINE (for the ID information and carry forwards)
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Hello WellDone,
Please contact UFile Support so we may review the file confidentially. I would suggest posting your Community text as follows :
Open a request ticket and submit an anonymous file for review on-line at https://www.ufile.ca/contact/contact-us
If you prefer, you can also contact telephone support, please call: 514-733-8414 or 1-888-633-8414
An agent can review the issue with you. -
Hello WellDone,
Please be sure to complete both entries :
*Your percentage share of capital gain/loss recorded here [50%]
*Do you wish to transfer the remainder to your spouse's tax return (if applicable)? [Yes] -
Hello Jo1988,
Normally this issue relates to network issues such as VPN or internet network latency and will correct itself.
If the issue persists, 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 Sui,
Please contact the CRA. You have a IRS 1042-S which is similar, with a notable exception, to the IRS 1099-Int/div. Once the CRA guides you on what type of foreign income it is you can file electronically with UFile.
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Hello Sui,
1042-S form – Foreign Person’s U.S. Source Income Subject to Withholding is issued to non-residents of the USA that have investments there. The issuer of this slip is usually a financial institution like a bank, based on the information they have on file provided by the individual, as a non-resident of the USA.
Alternatively, if the individual does not inform the institution of their residency status, then they will be issued a 1099-INT/DIV.
https://www.irs.gov/forms-pubs/about-form-1042-s
You must first determine residency, ie resident of Canada or USA.>>To determine whether you will need to continue paying tax in Canada, the government will first check whether you have retained significant ties here
If you are a Canadian resident, then you will report it as foreign interest and dividends, as well as taxes withheld on the “Foreign” slip in your Canadian tax return package.*Interview Set Up
*Foreign income or foreign property (T1135) >>
*Income from foreign dividends "+" OR Interest OR Other
Example :
Exchange rate to apply 1.3013
Amount of foreign income received $1,000.00
Amount of foreign tax paid $100.00
>>You should contact the CRA to determine what exactly is the type of income.
If USA residentCanadian non-residents are subject to Canadian sourced income only; your income has already been held at source by the financial institution. Which then means that you do not need to report the 1042-S on a Canadian tax return. These amounts should be applied to IRS reporting 1040 , U.S. Individual Income Tax Return or 1040-NR, U.S. Nonresident Alien Income Tax Return
https://www.irs.gov/forms-pubs/about-form-1040
https://www.irs.gov/forms-pubs/about-form-1040-nr
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Hello jmfskipper,
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 EET,
Please try this alternate link ;
UFile 2022 => https://cdn.ufile.ca/ufile/UF2022AMGH48YHVNENB238L3C9T3Z/ufile2022.zip
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Hello James White,
AFR for UFILE will be available at the next release of February 16, 2023. and the CRA website opens for EFILE/NETFILE on February 20, 2023.
**You can autofill but you cannot transmit until February 20, 2023 -
Hello PeteH,
Yes, if the improvements are capital expenditures, enter them as a total (and keep the backup receipts)
Dates (dd-mm-yyyy), Description and amount of capital additions (other than AIIP):
[ dd-mm-yyyy Desc ] [ $ amount ]
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Hello BRU,
Please contact UFile Support so we may review the file confidentially.
Please indicate that :
Employment earnings
- election in 2020 - NO (I had no employment earnings, but it seems to need that)
Self-employment
- want to stop - Yes
- election to stop (from choice menu), then beside it, put the date. I used 01-12-2020, even though I wasn't 65 until the 7th.
- prior election - No
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 PeteH,
Regarding :
the 2021 "$ unapplied net loss" should be the most up to date amount available to deduct any existing capital gains, correct
>>Correct but you should reconcile with CRA NOA
Please contact UFile Support so we may review the file confidentially and assist with the reconciliation.
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 Helen R,
Please contact the CRA directly :
CRA contact 1-800-959-8281 for inquiries related to individuals.
Telephone numbers – Canada Revenue Agency / wait times:
https://www.canada.ca/en/revenue-agency/corporate/contact-information/telephone-numbers.html
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Hello PowerSurge,
Note: The HST number must be in the format accepted by the Canada Revenue Agency (CRA) example: 123456789RT0001
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Hello jmfskipper,
Life Long Learning Plan (LLP) repayment1. On the 'Left-side menu on the Interview tab'', select the ''RRSP contributions, limits''.
2. You must have contributed to your RRSP, PRPP or VRSP, in the period March to December, or in the period of January 1st to March 2nd of the following year.
3. Enter your contribution for the repayment of your LLP at the time of the payment made, either in the period "March to December 2022" or in the period of "First 60 days of 2020";
4. Return to the "Left-side menu on the Interview tab" and select "HBP, LLP and other plans and funds". On the screen to the right, choose " Lifelong learning plan (LLP)".
5. On the page that appears entitled "Lifelong learning plan (LLP)", on the line " LLP balance to repay ", enter the amount that appears on your Notice of Assessment from the previous year
6. On the line " LLP amount that should be repaid in 2022 (on HBP statement from CRA)", enter the amount you must repay
7. On the line " Contribution designated as your 2022 LLP repayment ", enter the amount you repaid to your RRSP, PRPP or VRSP.
8. If you have not contributed to your RRSP, PRPP or VRSP, enter $0.00 and the amount will be transferred to line 12900 of the Federal return and to line 154 of the Quebec return, to be added to your total income.
The HBP refund amount will be carried over by the program to "Part B of Schedule 7", on line 24600.
However, if you have also contributed to your RRSP, the amount of the total contribution will be reported to the "Part A of Schedule 7", on line 24500.In Summary :
LLP :
*LLP balance to repay
*LLP amount that should be repaid in 2022
*Contribution designated as your 2022 LLP repayment
For more information, please consult the following link:
//
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Bonjour Pilote,
Veuillez noter que que nous offrons pas un service de vérification
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Hello Pete H,
CCA recapture is calculated automatically by UFIle. It will take into account the undepreciated capital cost (UCC) as carried forward by UFile.
Line 9947 – Recaptured capital cost allowance – add to Rental Income
proceeds (dispositions) > UCC
A recapture of capital cost allowance (CCA) can occur when the proceeds from the sale of depreciable rental property are more than the total of both: the undepreciated capital cost (UCC) of the class at the start of the year. the capital cost of any additions during the year. -
Hello ArashTheGreat,
Data Entry and Tax return output is as follow - here is an example for illustrative purpose only
Data Entry :
Capital Gains >> Real estate, depreciable property, and other properties
*Description of the property [My_House_Then_Rental]
*Province or territory of the property [Ontario]
*Date of acquisition (dd-mm-yyyy) [01-01-1990]
*Date of disposition (dd-mm-yyyy)[ 01-01-2022]
*Proceeds of disposition $500,000.00
*Adjusted cost base of the property $250,000.00
*Expenses incurred in making the disposition $2,500.00
Select the form to use (T2091 or T1255) [ T2091 ----]
Select the taxation years period that property was designated as principal residence*From [1990 ]
*To [2018]
Schedule 3 – Capital Gains :
*Personal-use property (see the next page for principal residence )(Provide full description)
Principal residence (T2091) $22,500.00
Gain only 15800 $22,500.00
T2091 - Designation of a Property as a Principal Residence:*Description of property
*Address Street number, street name, and unit number if applicable
Prov./Terr Postal code City Country
Year of acquisition 9955 [1990]
Proceeds of disposition 9954 $500,000
Designation
I, , hereby designate the property described above to have been my principal residence
(print your name)for the following number of tax years ending after the acquisition date :
After 1981 [29]
After 1971 and before 1982 [0]
Total number of years designated (line 1 plus line 2) [29]
You should also consult - Changing all your principal residence to a rental or business property -
Hello ArashTheGreat,
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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Hello Diak,
AFR for UFILE will be available at the next release of February 16, 2023. and the CRA website opens for EFILE/NETFILE on February 20, 2023.
**You can autofill but you cannot transmit until February 20, 2023 -
Hello Jay2,
AFR for UFILE will be available at the next release of February 16, 2023. and the CRA website opens for EFILE/NETFILE on February 20, 2023. However, The Auto-fill my return and Express NOA services will be unavailable from 11:00 p.m. on Friday, February 3, 2023, until 6:00 a.m. on Monday, February 6, 2023, (Eastern Time). **You can autofill but you cannot transmit until February 20, 2023
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Hello FillB,
AFR for UFILE will be available at the next release of February 16, 2023. and the CRA website opens for EFILE/NETFILE on February 20, 2023.
However, The Auto-fill my return and Express NOA services will be unavailable from 11:00 p.m. on Friday, February 3, 2023, until 6:00 a.m. on Monday, February 6, 2023, (Eastern Time).
**You can autofill but you cannot transmit until February 20, 2023 -
Hello linds,
You may either :
(1.) Enter the T4 $0 amount in Box 14 and select "Exempt (CPP/QPP, EI, PPIP) (Warning: If exempt, see help.)"
OR
(2.) DO not enter the slip but keep for your records (assuming there are no other amounts on the slip).
Home buyers' amount for the purchase of a qualifying home
in Technical questions
Posted
Hello DPA,
To claim the first-time home buyers' tax credit, please follow the steps below:
1- On the "Left side menu on the Interview tab", select "Other deductions and credits".
2- On the page appearing on the right, scroll to the group "Other credits" and click on the plus sign "+" icon located on the right of the line " Home buyers' amount for the purchase of a qualifying home (Federal, Quebec)".
3- On the page that appears, on the line "Are you eligible to claim the home buyers' amount and/or the Quebec first-time home buyer's tax credit? ".(If in Quebec)
4- If you answer "Yes", you must choose whether you share your amount according to the four choices.
5- If you choose "Claim specified amount", you must enter the amount claimed by your spouse and your amount. If the co-owner is not your spouse, leave the field blank.
This credit can be claimed in whole or in part by you or your spouse.
Please note that if the new home is co-owned by someone other than your spouse, you must also enter the information in the other person's file.
The program will generate the Home buyer's amount at line 31270 of the federal return.
For more information, consult the following link:
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-369-home-buyers-amount.html
ID: 20191113115910NA.xml