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Geo123

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Everything posted by Geo123

  1. Hello HollyJean, Hello we expect the CRA to certify the T2203 Multi-Jurisdiction for the next release in early April, depending on the CRA.
  2. Hello Dougsa, Please consult with the CRA or an accountant on how to allocate the expenses. FYI - from the CRA When can you deduct motor vehicle expenses? If you own two or more rental properties – In addition to the expenses listed above, you can deduct reasonable motor vehicle expenses you incur to do any of the following: collect rents supervise repairs manage the properties This applies whether your rental properties are located in or outside the general area where you live. Your rental properties have to be located in at least two different sites, away from your principal residence. The motor vehicle expenses that we consider to be reasonable depend on the circumstances of your situation. You can deduct motor vehicle expenses only when they are reasonable and you have receipts. You also have to keep records of the kilometres you drove for your rental properties and the total kilometres you drove in the year. You must also determine the total expenses paid for the vehicle in the year. For more information, visit Keeping records. https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/completing-form-t776-statement-real-estate-rentals/rental-expenses-you-deduct/motor-vehicle-expenses.html
  3. Hello Taxpayer2023, 1. On the "Left-side menu of the Interview tab", select "T4 and employment income". 2. On the screen to your right, choose between "T4 income earned outside Quebec" and "T4 and RL-1 (Relevé 1) income earned in Québec" depending on your province of residence. 3. Please note that the benefit on "Stock Option Benefit" in box 38 of the T4 is included in box 14. You will find box 38 in the middle of the page. 4. The boxes for "Security option deduction" that are entered in box 39 or 41 can be found in the drop-down list located at the bottom of the line "Other Information" (click on the triangle to see the list of choices)". Make your choice based on the box on your T4. In the field preceded by the sign "$", enter the amount on your T4. At the far right of the screen, there is an icon of the plus sign "+". By clicking on this icon, another line is generated to enter additional information, if necessary. For more information, please visit the following link: For the CRA: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/benefits-allowances/financial/security-options.html We recommend that you carefully read each topic of this link. For Revenu Québec : https://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/completing-your-income-tax-return/line-by-line-help/276-to-297-taxable-income/line-297/point-2/
  4. Hello Nataliya, Yukon Carbon Price Rebate Effective for the 2019 and subsequent taxation years, residents of the Yukon may be eligible to receive carbon pricing rebates from the Yukon government. For individuals, the repayment will be made starting in July 2020. The payments will be issued each quarter to individuals and their families. They will have to indicate in their tax return if they reside outside of Whitehorse. To do so, under the heading "CRA Questions" under "Yukon's carbon rebate for individuals" the taxpayer will have to answer the question, "Did you reside outside of Whitehorse on December 31, 2019 ?". The taxpayer will receive the basic refund automatically based on the information entered on their return. Schedule YT(S14) will be generated by the program. Climate Action Incentive (CAI) Schedule 14 no longer available as a Refundable Tax Credit starting in 2021. The Government of Canada has announced its intention to deliver the Climate action incentive (CAI) as a quarterly benefit. If you are eligible, you would automatically receive your CAI payments four times a year, starting in July 2042. To receive your payments, you have to file a tax return even if you did not receive income in the year. For more information, go to canada.ca/child-family-benefits For 2024 (for 2025) it is paid in installments, along with the GST. Please refer to the schedule eg. (Province is applicable) Estimated Ontario Climate Action Incentive Payments for the Period from April 2024 to March 2025
  5. Hello HenP, The provinces/territories with fitness or active families tax credits are shown below. Some may have additional amounts for a child with a disability. Quebec - Tax credit for children's activities and Quebec - Tax credit for children's activities You can claim a refundable tax credit for the physical activities or artistic, cultural or recreational activities of an eligible child >>Dependant : Child care *Fitness and recreation *Children's arts amount Appears on Quebec Line 462 Point 25 Other Manitoba Fitness Tax Credit for Children and Young Adults Manitoba child fitness tax credit is a non-refundable tax credit, and is calculated using the Manitoba lowest tax rate of 10.8%. Each individual who is resident in Manitoba at the end of the taxation year and is less than 25 years of age can claim up to $500 for fees paid in the year for registration or membership for a prescribed program of physical activity. Newfoundland & Labrador Refundable Physical Activity Tax Credit Effective for 2021 and later years, for individuals who are residents of NL at the end of the taxation year: Nova Scotia Refundable Children's Sports and Arts Tax Credit First available for the 2022 taxation year, this refundable tax credit is for eligible costs for programs of artistic, cultural, recreational or developmental activity or physical activity. Saskatchewan Refundable Active Families Benefit As per the Saskatchewan 2021 Budget, the Active Families Benefit is being reinstated, retroactive to January 1, 2021. Yukon Refundable Child Fitness Tax Credit Yukon has a refundable child fitness tax credit that was based on the federal tax credit. The Yukon Child Fitness Credit became refundable in 2015. Yukon tabled amendments so that the reduction and elimination of the Federal Children's Fitness Credit did not reduce or eliminate the Yukon Children's Fitness Credit.
  6. Hello HenP, Enter the interest for the year. To report the carrying charges and interest you paid to earn investment income, please follow these steps: 1. On the "Left side menu on the Interview tab", select "Interview setup". 2. On the right-hand side page, go to the "Investment income and expenses" group, check the box "Interest, investment income and carrying charges/interest expenses/CNIL (T3, T5, T4PS, T5008, RC359)" and click "Next" at the bottom of the page. 3. Return to the "Left side menu on the Interview tab" and select "Interest, investment income and carrying charges". 4. On the right-hand page, choose the "Income" group you have earned and enter the income you have earned, and on which you paid interest or financial expenses. 5. Then, in the "Expenses" group, click on the "plus" sign icon to the right of the line "Carrying charges or interest expenses (line22100)". Complete this page according to your situation. The program will carry over this amount on line 22100 of your federal return -----FYI----- Claim the following carrying charges and interest you paid to earn income from investments: - fees to manage or take care of your investments (other than any fees you paid for services in connection with your pooled registered pension plan, registered retirement income fund, registered retirement savings plan, specified pension plan, and your tax-free savings account) -fees for certain investment advice (see Interpretation Bulletin IT-238, Fees Paid to Investment Counsel) or for recording investment income -most interest you paid on money you borrowed for investment purposes, but generally only if you use it to try to earn investment income, such as interest and dividends
  7. Hello HenP, Yes, correct. See below. In Quebec : Rest of Canada :
  8. Hello shellpascal, Yes, correct. T5008/RL-18 slip : https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/completing-slips-summaries/financial-slips-summaries/return-securities-transactions-t5008.html
  9. Hello Rami, Employment Expense : Indicate the percentage (%) Of your home that is used for personal, non-business relate purposes. = 100 -c To calculate the percentage of work-space-in-the-home expenses you can deduct, use a reasonable basis, such as the area of the work space divided by the total finished area (including hallways, bathrooms, kitchens, etc.). If you are working in a designated room Since the room is used only for work, the percentage Of your home used as a work space is also the percentage Of your work space used for employment purposes. A = Size of work space (designated room or shared area) B = Total finished area of home C = Percentage of your home that you used as a work space (rounded two decimal places) C AE x 100 If you are working in a common (shared) area You need to calculate the percentage of the work space that was used for employment purposes by providing the numbers of hours worked in that space within a calendar week (7 days or 168 hours). D = Number of hours (hours worked in a work week) E = 168 hours F=D/E C = Percentage of your home that you used as a work space (rounded two decimal places) C = A/B x F x 100 CRA Employment Expense online calculator : 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-22900-other-employment-expenses/work-space-home-expenses/calculate-expenses.html Eligible Employment Expenses : https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4044/employment-expenses.html
  10. Hello DKD371, You are welcome.
  11. Hello MareHare, In order for UFile to calculate the childcare expenses you must enter the complete information for your spouse. You are not required to NetFile your spouse’s return, only to enter the complete information so that the program can calculate the appropriate amounts. To enter the complete information for your spouse, go to the left side of the Interview section and click on “Spouse-Interview type” and select “Complete information (recommended)”.
  12. Hello MariaEs, CPP is calculated (and compulsory) by UFIle. In the tax return refer to Schedule 8 Contributions to the Canada Pension Plan With very few exceptions, every person over the age of 18 who works in Canada outside of Quebec and earns more than a minimum amount ($3,500 per year) must contribute to the Canada Pension Plan (CPP). If you have an employer, you pay half the required contributions and your employer pays the other half. If you are self-employed, you make the whole contribution. https://www.canada.ca/en/services/benefits/publicpensions/cpp/contributions.html Schedule 8 https://www.canada.ca/en/revenue-agency
  13. Hello Sarah163, Box 40 - Other taxable allowances and benefits Do not report this amount on your tax return. This amount is already included in box 14. https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/tax-slips/understand-your-tax-slips/t4-slips/t4-statement-remuneration-paid.html
  14. Hello, This is a false message, we have no control over the CRA log in and download and Express NOA. This message is from the CRA Server(s). Note the CRA Server has also appeared to hang.
  15. Hello lmnei, Result:184 /Error Code(s):388 There is an issue with the refundable medical credit Federal Line 45200 , in the year of immigration they are not entitled to have a refundable medical credit *unless immigrated ON January 1, however, the software generates it. This is an issue that will be corrected in the next version 27.20 that should be released ~April 3.
  16. Hello, Please logout and clear your cache. If you are using Microsoft Edge, Google Chrome, or Mozilla Firefox you can quickly clear cache with a keyboard shortcut. While in your browser, press Ctrl + Shift + Delete simultaneously on the keyboard to open the appropriate window. Safari (Mac) with the Option-Command-E. Log back in. The error should be gone.
  17. Hello Boneavis, The warning is not the reason, you probably have errors in the file. Please contact UFile Support so we may review the file confidentially. Please open a request ticket and submit an anonymous file for review on-line at https://www.ufile.ca/contact/contact-us FYI - to remove the warning : Update UFile *Settings (upper right hand corder) Tax return counter... Check for updates... < = = HERE Register EFILE-NetFiIe setup RRSP Calculator Retirement Planner >>
  18. Hello Glendae, We would need to the file and data entries. Please contact UFile Support so we may review the file confidentially. Please include above note. Please open a request ticket and submit an anonymous file for review on-line at https://www.ufile.ca/contact/contact-us
  19. Hello PFC, Yes, UFile ONLINE supports non-resident returns.
  20. Hello Jason M, Schedule J – Line 458 – Tax credit for home-support services for seniors You may be entitled to the Quebec tax credit for home-support services for seniors if you meet both of the following conditions: *You were resident in Québec on December 31, 2023. *You were at least 70 years of age on December 31, 2023. *If you and/or your spouse on December 31, 2023 are entitled to the credit, select your situation below. *You lived in your own house or in a health establishment *You lived in an apartment building (other than a private seniors' residence) *You lived in a condominium *You lived in a private seniors' residence *Private seniors' residence for your spouse who lived in another apartment or room from you * Credit for home-support services - no calculation (advanced payment same as tax credit) https://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/how-to-complete-your-income-tax-return/line-by-line-help/451-to-480-refund-or-balance-due/line-458/ To access in UFile go to Interview – left hand of the screen near the bottom : *Prior year information *Quebec tax credits *Senior home support < - - - - HERE *Refund/balance owing >>Select : *You lived in your own house or in a health establishment “+” *You lived in an apartment building (other than a private seniors' residence) “+” *You lived in a condominium “+” *You lived in a private seniors' residence “+” *Private seniors' residence for your spouse who lived in another apartment or room from you* Credit for home-support services - no calculation (advanced payment same as tax credit) “+” https://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/how-to-complete-your-income-tax-return/line-by-line-help/451-to-480-refund-or-balance-due/line-458/
  21. Hello Reject, NETFILE Access code did not match our records. Make sure you have Your unique Access code (8 characters) can be found on your Notice of Assessment (NOA) for a previous tax year. This eight-character Access code is made up of numbers and letters and is located on the right side of your NOA. The placement and labelling of the Access code differs slightly depending on the version of the NOA you are looking at, but will always be on the right side of the NOA. On the paper version of your NOA as well as the PDF version in My Account, the Access code is not labelled, but can be found directly underneath the Date issued at the top right of the page. If you are viewing your NOA in My Account or using the Express NOA service in certified tax software, the Access code is found directly under the Notice details box at the top right of the page. OR Call the CRA 800-959-7383 The NAC is not required to NetFile. While this Access code is not mandatory, if you do not enter your Access code, you will not be able to use any information from your 2023 tax return when confirming your identity with the Canada Revenue Agency. You will have to rely on other information for authentication purposes. To enter (or remove) in UFIle Go to Interview – as an Example : >>Identification Date of birth [ ] NETFILE Access Code (Canada Revenue Agency) [ ]< - - - HERE
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