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Geo123

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Posts posted by Geo123

  2. Can’t auto download from CRA 2021

    in NETFILE and filing

    Posted

    Hello sheeba elizbeth,

    For UFile 2021 / 2022 :

    If you cannot download / AFR (AutoFill Return) not responsive. It could be several things:

    The government website is very busy - try again later.

    • If logging in with “Sign-in Partner login” try “CRA sign-in” (using CRA MyAccount).

    • Your antivirus or firewall is preventing the download - temporarily disable to download.

    • Could be your Internet Service Provider - then you need to restart the modem (or contact your ISP)

    • Check computer time and date and language so the compute can synchronize with the CRA.

    • Make sure your account access is up to date.

    • If you have Windows 10 or 11, download “Microsoft Edge Webviewer” at the following link (it may not have been bundled in your version): https://go.microsoft.com/fwlink/p/?Linkid=2124703

    • Use the most recent version of the “Edge” browser (for 2021 + ).

     

    Check EDGE  browser Settings:

    1. Type "Internet options" in the Windows search menu.

    2. Click "Internet Options".

    3. Click on "Advanced" tab.

    4. Scroll to the Security section, then check Use TLS 1.2.

    5. Click OK, then close Edge. TLS v1.2 is enabled on the next start of Edge.

     

  8. GIFI 101 does not balance (GIFI field 2599 does not equal GIFI fields 3499+3620).

    in Technical questions

    Posted

    Hello noaccountant,

    Please open a T2 request ticket on-line : Login to UFIle T2, go to the fiscal / tax year in question and click on help (?) / compete the Support request form (be sure to click Check to authorize UFile to VIEW your tax file)

    Of note, we can indicate where your GIFI does not balance but not how to balance the GIFI as we do not provide accounting support for UFile T2

  9. Capital loss carry backward

    in NETFILE and filing

    Posted

    Hello MisterVihn,

    The CRA allows you to carry net capital losses back up to three years.  To carryback a capital loss, fill out section II on form T1A, Request for Loss Carryback. You do not have to file an amended return for the year to which you want the loss applied.

     

    Applying net capital loss from previous years

     

    You have capital gains in the current taxation year. However, you have sustained some capital losses in the previous years.

     

    You can request both the federal and provincial governments to have these net capital losses carried over to be applied against the current year's capital gains.

     

    To carry over these losses using the program, please follow these steps:

     

    1-On the "Left side menu on the Interview tab", select "Interview setup".

     

    2-On the page appearing on the right, go to the group "Carryforward amounts and prior year information", check the box "Losses of prior years, carrybacks". Click "Next" at the bottom of the page.

     

    3- Return to the "Left side menu on the Interview tab" and select "Losses of prior years and carrybacks".

     

    4-On the screen generated on your right, go to the "Losses of other years" group and choose the line "Net capital losses of other years".

     

    5-On the page that appears, enter the losses from previous years in the appropriate fields. You should first enter your capital gains.

     

    The amounts will be reported to line 25300 of the federal returns and line 290 of the Quebec return.

     

    The program will generate for the federal form "Applying net capital losses of other years to 2020" and Quebec form TP-729.

     

    For more information, please visit the following CRA 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-253-net-capital-losses-other-years.html

     

  10. US dividend income

    in Reporting income

    Posted

    Hello PeteH,

    1. On the "Left side menu on the Interview tab" select "Interview setup".

    2. On the page that appears on the right, go to the "Investment income and expenses" group, check the box "Foreign income and foreign property (T1135)" and click on "Next" at the bottom of the page.

    3- Return to the "Left side menu on the Interview tab" and select "Foreign income and property".

    4- On the right-hand side, select "Income from foreign dividends".

    5- Fill out the page accordingly. 

     *Country from where you received the foreign income

    If the country signed a tax treaty with Canada, a deduction under 20(11) will not be allowed.

     *Description of the source of the foreign income

     *If you are entering amounts in Canadian dollars, enter 1 for the exchange rate. See the Bank of Canada's website (www.bankofcanada.ca) for exchange rates.

    *Exchange rate to apply

    *Amount of foreign income received  < - - - ENTER GROSS AMOUNT

    *Amount of foreign tax paid < - - - WITHHOLDING TAX

  11. rafiki

    in Technical questions

    Posted

    Hello rafiki,

    Yes you can transfer (load) the 2021 UFile Windows file.

    In UFile ONLINE select the green button [Import an existing file].  It allows you to import the previous year's tax file prepared with UFile for Windows into UFile ONLINE (for the Identification and carry forward information only)

    (Note can also import a file to a Mac ONLINE if you used UFIle Win last year)

    >>Create a new UFIle ONLINE account https://secure.ufile.ca/account/Register

    >>Browse to select your file (and enter pw if it was encrypted by you)

    ALSO SEE : https://community.ufile.ca/topic/15071-how-do-i-use-the-option-click-here-to-import-a-file-for-ufile-online/?do=findComment&comment=34986

  12. Under the page :" Publicity traded shares, mutual fund units, deferral ... " why do I need to enter box 38 from my T4?

    in Technical questions

    Posted

    Hello Mehrdadufile,

    Please contact UFile Support so we may review the file confidentially and so we may have all the relevant details of the file
    For telephone support, please call: 514-733-8414 or 1-888-633-8414.  Please specify that you were asked to send in a confidential (and anonymous) file.
    An agent can review the issue with you.
    If you prefer, you can also open a request ticket on-line https://www.ufile.ca/contact/contact-us

  13. Under the page :" Publicity traded shares, mutual fund units, deferral ... " why do I need to enter box 38 from my T4?

    in Technical questions

    Posted

    Hello,

    Box 38 of your T4 is added to the Adjusted Cost Base thereby reducing your capital gains. 

    Enter the stock option benefits realized with the disposition of employee stock option shares.

    This amount should be entered to avoid double taxation on the benefits already included as employment income from the T4 slip or as a disposition of deferred stock option shares.

  14. Under the page :" Publicity traded shares, mutual fund units, deferral ... " why do I need to enter box 38 from my T4?

    in Technical questions

    Posted

    Hello

    Box 38 of your T4 slip is the amount of employee stock purchase option benefits. This amount is already included in T4 box 14.

    To claim the deduction, you will also need to indicate the portion that is eligible as a stock option deduction.  Your employer must provide this amount if applicable.
    In the section T4 footnotes at the bottom of the T4 page, select the correct stock option deduction box and enter the corresponding amount from your T4 slip.
    The program will then claim the proper deduction on line 24900 of the federal income tax return and on line 297 of the Quebec income tax return.

     

  15. how to populate section 8 for CPPD payments for self-employed

    in Getting started

    Posted

    Hello LindsayTheotherone,

    The Schedule 8- CPP contributions on self-employment income is automatically calculated by the program, when the T2125(s) is completed, and should appear on Line 22200.  Note the basic exemption (minimum) is $3,500.00 from Your net income on Line 9946 of your T2125.

     

    If this is not the case

    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 on-line https://www.ufile.ca/contact/contact-us

  16. CPP contribution for the self-employed

    in 2020

    Posted

    Hello LindsayTheotherone,

    The Schedule 8- CPP contributions on self-employment income is automatically calculated by the program, when the T2125(s) is completed, and should appear on Line 22200.  Note the basic exemption (minimum) is $3,500.00 from Your net income on Line 9946 of your T2125.

    If this is not the case

    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 on-line https://www.ufile.ca/contact/contact-us

  20. I am transferring my data from 2021 to a new computer but have misplaced the key. the data is not readable until I download u file program for 2021. how can i get a the key from 2021?.

    in Technical questions

    Posted

    Hello Naeem,

    Please contact UFile Support so we may locate the activation key in our account system.
    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 on-line https://www.ufile.ca/contact/contact-us

  22. Password reset

    in Technical questions

    Posted

    Hello wd2023,

    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.

    OR
    Click Change or reset your password  >> enter username >> answer security question
      >>IF unknown enter unknown  >> Please try again or click here for different questions.
      >>Complete form with Receipt reference number
      >>If unknown >> If you cannot complete all fields, please contact us
      >>Complete form and a request ticket will be opened

  23. Basement suite rental

    in NETFILE and filing

    Posted

    Hello bevinb,

    IF applying expenses from all the property to the Rental than enter 80% personal use.  The percentage entered here will be applied globally to reduce all rental expenses accordingly eg. enter $2,000 and UFIle will apply 20% to the Rental = $400.

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