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Geo123

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Everything posted by Geo123

  1. Hello Son_of_a_tax, Am unclear why you would claim these supplies for a T2125 Business. Please check with a tax advisor or the CRA : 1-800-959-8281 for inquiries related to individuals. Telephone numbers – Canada Revenue Agency / CRA wait times: https://www.canada.ca/en/revenue-agency/corporate/contact-information/telephone-numbers.html
  2. Hello walhay, To enter these IRS slip 1042-S:.(assuming you are a Canadian resident) >>>Interview setup (left hand navigation pane - - beneath “CRA Express NOA”) >> Double click “interview setup” >>On right hand of screen Find the section [Investment income and expenses] >>Select Foreign income or foreign property (T1135) - - > >>Foreign capital gains - Stock, mutual funds & other non depreciable property >>In the section [Foreign non-business income] >>Foreign income - other *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. [United States (tax treaty with Canada)] *Description of the source of the foreign income [Gambling IRS 1042-S code 28] If you are entering amounts in Canadian dollars, enter 1 for the exchange rate. The average exchange rate for $US was 1.3497 in 2023. See the Bank of Canada's website (www.bankofcanada.ca) for other exchange rates. *Exchange rate to apply [1.3497] *Amount of foreign income received [$100.00] *Amount of foreign tax paid [$10.00]
  3. Hello Mart2383, T4A(P) slip - Box 18, CPP or QPP death benefit $2,500 / $2500 If you received the death benefit amount and you are a beneficiary of the deceased person's estate, you can choose to include it either on line 11400 of your federal return, and for Quebec resident on line 154 of the Quebec return. Also, you can report this benefit on a T3 Trust Income Tax and Information Return (TP-646 for Quebec) for the estate. The amount of tax payable may be different, depending on which return you use. Do not report the death benefit on the deceased person's individual tax return. To include this amount on your own return, please follow these steps: 1. In the "Left-side menu on the Interview tab", select the "Interview setup". 2. Then, on the page appearing on the right, go to the "Pension" group, check the box ''Pension income and split pension income (T4A, T4A(OAS), T4A(P), T4A-RCA, T4RSP, T4RIF, T1032)" and click on "Next" at the bottom of the page. 3. Return to the "Left-side menu on the Interview tab" and select the "Pension income, T4A, split pension". 4. On the right-hand side, choose the option "T4A(P) - Statement of Canada Pension Plan Benefits". For Quebec residents, the option is "T4A(P) - Statement of Quebec Pension Plan Benefits (RL-2)". 5. Enter in ''Box 18 - death benefit'' the amount of death benefit received, and then click "Next" at the bottom of the page. The program will enter this amount on line 11400 of your federal return and on line 154 of your Quebec return.
  4. Hello Mart2383, T4A(P) slip - Box 18, CPP or QPP death benefit $2,500 / $2500 If you received the death benefit amount and you are a beneficiary of the deceased person's estate, you can choose to include it either on line 11400 of your federal return, and for Quebec resident on line 154 of the Quebec return. Also, you can report this benefit on a T3 Trust Income Tax and Information Return (TP-646 for Quebec) for the estate. The amount of tax payable may be different, depending on which return you use. Do not report the death benefit on the deceased person's individual tax return. To include this amount on your own return, please follow these steps: 1. In the "Left-side menu on the Interview tab", select the "Interview setup". 2. Then, on the page appearing on the right, go to the "Pension" group, check the box ''Pension income and split pension income (T4A, T4A(OAS), T4A(P), T4A-RCA, T4RSP, T4RIF, T1032)" and click on "Next" at the bottom of the page. 3. Return to the "Left-side menu on the Interview tab" and select the "Pension income, T4A, split pension". 4. On the right-hand side, choose the option "T4A(P) - Statement of Canada Pension Plan Benefits". For Quebec residents, the option is "T4A(P) - Statement of Quebec Pension Plan Benefits (RL-2)". 5. Enter in ''Box 18 - death benefit'' the amount of death benefit received, and then click "Next" at the bottom of the page. The program will enter this amount on line 11400 of your federal return and on line 154 of your Quebec return.
  5. Hello Kennethcmuir, 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
  6. Hello wolvesh8, Remove the DIEP If not 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
  7. Hello jonny, You are welcome.
  8. Hello Ron_K, Donations 1 - On the "Left side menu on the Interview tab", select "Interview setup". 2- On the screen on your right, go to the "Common tax deductions" group, check the box for "Donations and federal political contributions" and then click "Next" at the bottom of the page. 3- Return to the "Left side menu on the Interview tab", select "Donations/political contributions" and in the screen on your right, click on the plus "+" icon to the right of the appropriate option. In general, the most common option would be "Canadian charitable donations (other than per T4 slips and other slips)". 4- On the page that appears, enter the relevant information about your donations.
  9. Hello LilF, 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. 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
  10. Hello jwdeon, Sorry to hear you are experiencing technical issues with the payment page. Be certain all error messages are cleared in the Review Page. Of note, warnings (as opposed to errors) will not prevent the tax filing or payment. Please logout and clear your cache. If you are using Internet Explorer, 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. Also verify that you actually have a T2 account and not a T1 account. If the issue persists, can you please send a print screen of the error message? Can you please provide us with this information : -Operating system eg. Win 11 -Anti Virus / Firewall eg. Windows defender -If you are on a VPN -Browser eg. EDGE -If you have any browser extensions eg. crypto wallet
  11. Hello Ron_K, Please check the CRA List of charities and other qualified donees : https://www.canada.ca/en/revenue-agency/services/charities-giving/list-charities/list-charities-other-qualified-donees.html
  12. Hello jde5, CRA allows overcontribution up to $2,000 lifetime - nothing to do BUT keep it in mind for next year and do not overcontribute again. If you end up with an RRSP over contribution in excess of the $2,000 lifetime buffer, you may owe taxes. The CRA will charge you a 1 percent penalty, assessed monthly, for each month you're over the limit. Use the T1-OVP ‘2023 Individual Tax Return for RRSP, PRPP and SPP Excess Contributions’ https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t1-ovp.html
  13. Hello Yasser1, If issuer is SunLife - yes.
  14. Hello jonny, 1) For 2023 do as a normal tax return and Netfile it. Do not enter deceased 2) For 2024 do as a deceased return - which must be mailed.
  15. Hello Yasser1, Check with issuer if they meant 2023 (and not 2024)
  16. Hello Yasser1, Yes enter the daughter as a dependant and include any medical expenses / daycare etc..
  17. Hello Yasser1, You are welcome.
  18. Hello Sheilah, Would need more details, please send a print screen and details of the issue to UFile Support. 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 wilest, You are welcome.
  20. Hello Taxreturn, 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. Quebec - Tax credit for children's activities and Quebec - Tax credit for children's activities
  21. Hello xctax,, Schedule 7 is generated automatically.
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