Geo123
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Posts posted by Geo123
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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).
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Hello Mom Dad,
There is no "gift tax" in Canada. Any resident of Canada who receives a gift or inheritance of any amount, except from an employer, or as a tip or gratuity due to their employment, will not have to include this in their income.
Amounts that are not reported or taxed :
Regarding limits you should be aware of
Attribution Rules. Please consult with a tax advisor or the CRA on this issue. -
Hello KimberleeTibando,
Yes UFile will calculate the percentage.
For expenses specific (ie eligible) to commission employees please refer to :
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Hello BobK,
The CRA website is open for AFR (AutoFill your Return) from February 6, 2023. The next UFile update will be on February 16, 2023. The CRA will open their website for the electronic transmission of tax returns on February 20, 2023.
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Hello degem,
The CRA website is open for AFR (AutoFill your Return) from February 6, 2023. The next UFile update will be on February 16, 2023. The CRA will open their website for the electronic transmission of tax returns on February 20, 2023.
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Bonjour Pilote,
Oui vous pouvez inscrire l'adresse de votre épouse pour la demande crédit d’impôt pour solidarité (une des deux peuvent faire a demande).
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Hello KimberleeTibando,
Percentage (%) of home being used for personal purposes [Enter % ]
Total home expenses incurred (both business and personal use)*Office rent [Enter total of the home rent]
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Bonjour Pilote,
Le maximum pour le crédit d’impôt pour solidarité : Section B - Composante relative au logement est $727 pour vous deux -donc une relevé 31 entre vous deux:
<<lui-même ou son conjoint visé avec lequel il habite ordinairement à ce moment est propriétaire, locataire ou sous-locataire et dans lequel aucun
autre particulier admissible qui en est propriétaire, locataire ou sous-locataire n'habite ordinairement, inscrivez 727 $ à la ligne 10.>>
https://www.revenuquebec.ca/fr/citoyens/credits-dimpot/credit-dimpot-pour-solidarite/composantes-du-credit-dimpot-pour-solidarite/composante-relative-au-logement/SVP contactez Révenu Québec pour confirmer :
Par téléphone
Région de Québec :
418 266-1016
Région de Montréal :
514 940-1481
Ailleurs au Canada ou aux États-Unis :
1 855 291-6467 (sans frais)
https://www.revenuquebec.ca/en/contact-us/solidarity-tax-credit-and-rl-31-slips-contact-us/Veuillez ne pas partager d'informations confidentielles sur le site, svp veuillez supprimer votre message ici.
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Hello NewbieT,
1. If I can only write off depreciation for the townhouse itself and not the land, where do I find the value of the building and the land? MPAC assessment doesn't provide it.
You can have a professional appraisal done or consult with an accountant to determine the value.
2. The townhouse came with kitchen appliances, AC and furnace, and of course the builders don't tell how much they cost. What is the reasonable original cost of these things?
You can estimate from the current fair market value of the appliances.
3. I lived at the townhouse for 2 years before my tenant moved in early of 2022. Do I depreciate the house and appliances for those 2 years I lived in?
No
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Hello lisa zeng,
Please do not share confidential information here as this is a public forum. I also can not see the RSP limit etc..
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
How to fix error message
in Technical questions
Posted
Hello EET,
Please try this alternate link ;
UFile 2022 => https://cdn.ufile.ca/ufile/UF2022AMGH48YHVNENB238L3C9T3Z/ufile2022.zip