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Geo123

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Posts posted by Geo123

  7. Where to enter Human Rights contribution paid to me

    in Reporting income

    Posted

    Hello Char lee,

    Please clarify what you mean by 'contribution'.  Were you issued a receipt? In general the following are non-taxable :

    Amounts that are not taxed

    You do not need to report certain non-taxable amounts as income, including the following:

  9. Need to confirm Spouse approved T2201 (Disability tax credit certificate) But no change to file status

    in NETFILE and filing

    Posted

    Hello PamH,

    If you have a spouse or common-law partner to whom you transfer the disability amount on his/her Schedule 2, you must answer the following question:

    You have to confirm that CRA has an approved T2201 (Disability tax credit certificate) for the spouse on your account. Click here to fix

     Does CRA already have an approved T2201 form registered in the account of your spouse or common-law partner?
    >>>Answer YES  Because the Spouse gets the credit if the Family Head doesn't need amount  and the CRA  wants copy of the form

  10. How to record capital gains dividend

    in Getting started

    Posted

    Hello RickB,

    According to the CRA the error code 70127 could be one of the following :
    One of the following situations applies to your client’s return. Note that capital gains deductions from prior years may affect an amount, if any, reported on line 17800 on the Schedule 3.
        There is an entry on line 12700 for a capital loss. Capital losses are only allowable if the taxpayer is deceased.
        If this is a subsection 70(1) return for a deceased person and line 12700 and/or line 25300 do not include the unused net capital losses of other years in the Canada Revenue Agency’s (CRA) records, submit a paper return instead as the CRA is unable to process this return due to system constraints.
        The amount for taxable capital gains (or net capital losses, if the taxpayer is deceased) is incorrect based on the entries on the Schedule 3, the Form T1170 and/or the Form T2017.

    If this does not solve the issue please open a support request with UFile Support >>Login to the file >> Go to Help (top right corner) >> Support request form
    Click here for the program's support request form recommended for tax related issues and all other inquiries.

     

  12. Get WAC button - where is it?

    in Technical questions

    Posted

    Hello Stephane L,

    Before you can have the button [GET WAC] (Web Access Code) appear in the E-FILE tab, please complete the section Mailing address of the corporation.

    >>Other addresses

       >>Mailing address of the corporation

     

    As of 2018, the web access code is generated automatically in the EFile  tab via the UFile T2 software and not from the CRA.  Note that the Federal Web Access Code (WAC) is 8 digits.

     

    To generate the WAC code:

    >>>In the EFile Tab you should see on the screen:

     

    >>>>>>>>>>>>

     

    >>First screen  :

    ======================================

    Filing status for:  My_Corporation_Name

    --------------------------------------------------------------------------------------------------------------

    A corporation's file can be submitted when its applicable status shows "Ready for filing…………

    ….. Please ensure you have completed and reviewed all of your entries prior to filing.

    --------------------------------------------------------------------------------------------------------------

    My_Corporation_Name               - - -> Federal      [~ - >] Ready for filing      < - - - CLICK HERE

    ======================================

    >>>>>>>>>>>>

     

    >>Second screen :

    ======================================

    Federal submission for: My_Corporation_Name

    Canadian corporations should file a federal corporate income tax return. If the federal corporate income tax return is not filed electronically, then it may be printed and mailed to the Canada Revenue Agency.

     To proceed with Corporation Internet Filing online transmission, ……………………….

    ………. Or, if filing on behalf of a client, my client has signed Form T183CORP and certified that the attached electronic return is correct, complete, and reports the client's income from all sources.

     

    Federal Web Access Code (WAC)

    If you do not have a Federal Web Access Code you may automatically retrieve one by clicking the button Get WAC

     [Get WAC]   < - - - CLICK HERE

    Federal Web Access Code (WAC):  [         ]  < - - - CODE WILL APPEAR HERE

    ======================================

  15. CCA for netfiling

    in NETFILE and filing

    Posted

    Hello Tom London,

    In your case you would not use CCA but lease value :

    >> Leased passenger vehicle

    Kilometres travelled for business or work
    Total kilometres travelled

    image.png.07e55476b9e8419f350400fb15f40d52.png

    >> Lease payments already deducted in prior years
    Beginning of leasing contract (dd-mm-yyyy)
    End of leasing contract (dd-mm-yyyy)
    Manufacturer's suggested retail price

  17. Province of residence is set to Non-Resident in Executive summary but 17700 is not checked

    in Technical questions

    Posted

    Hello ARa,

    UFile T2 is for a Canadian-Controlled Private Corporation (CPCC) only.  
    The corporation is a Canadian-controlled private corporation (CCPC) if it meets all of the following requirements at the end of the tax year:
        it is a private corporation
        it is a corporation that was resident in Canada and was either incorporated in Canada or resident in Canada from June 18, 1971, to the end of the tax year < -  - - -
        it is not controlled directly or indirectly by one or more non-resident persons
        it is not controlled directly or indirectly by one or more public corporations (other than a prescribed venture capital corporation, as defined in Regulation 6700 of the Income Tax Regulations)
        it is not controlled by a Canadian resident corporation that lists its shares on a designated stock exchange outside of Canada
        it is not controlled directly or indirectly by any combination of persons described in the three previous conditions
        if all of its shares that are owned by a non-resident person, by a public corporation (other than a prescribed venture capital corporation), or by a corporation with a class of shares listed on a designated stock exchange were owned by one person, that person would not own sufficient shares to control the corporation
        no class of its shares of capital stock is listed on a designated stock exchange
    https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/corporations/type-corporation.html

    We do have a professional tax software and we invite you to contact us regarding our offering :

    Sales Department
    1 866 653-8629
    DT-sales@thomsonreuters.com
    DTMax Overview:
    https://www.thomsonreuters.ca/en/dtprofessionalsuite/products/dtmax.html

    DTMax T2 :
    https://www.thomsonreuters.ca/en/dtprofessionalsuite/products/dtmax/dtmaxt2.html

  18. Inputting data for CCA and GIFI (Balance Sheet)

    in Technical questions

    Posted

    You are welcome programmerboy,

    Opening undepreciated capital cost or cumulative eligible capital is carried forward.

    put in income statement 8670 Amortization of tangible assets, put in net income Depreciation and amortization recorded in the books, and in the Balance Sheet for 1743 Accumulated amortization of motor vehicles is done manually each year

  21. 500 Internal Server Error

    in NETFILE and filing

    Posted

    Hello Bill Cairns,

    As you shared with us the solution was :

    Actually someone else solved the problem and I’ll share the solution with you. Somehow on my UFile (CVITP) 2021 program the Efile/Netfile setup got changed (I did not do this intentionally, I don’t know how it happened) so that the drop down box that should say “I am a CVITP volunteer” was changed to blank. Once I reset it, on both computers, the problem disappeared and I am able to submit the autofill authorization as usual. I think UFile should generate a meaningful error when someone tries to submit the authorization request when that line is blank, so that the Internal Server Error (?) message doesn’t occur. Thank you for your response. I’m relieved there was a solution to my problem.

    Thanks

  23. Ufile T2 online is setting my tax start date to 2022-01-01 for my tax return with tax end date 2021-12-31

    in Technical questions

    Posted

    Hello swhefk,

    If  this is the Final return please verify :

    >>Interview >> Final return up to dissolution
    Effective date of change eg. 31-05-2021 <-----OK
    Immediately preceding year end of corporation eg. 31-12-2021 <-----CHANGE to eg. 31-12-2020

    If this is the first return please verify:

    >>Interview >>Corporate History

    End date of prior tax year eg. 31-12-2020

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