Jump to content
Français

Geo123

Administrators
  • Posts

    2,732
  • Joined

  • Last visited

  • Days Won

    38

Everything posted by Geo123

  1. Hello, The dependant is filing their own return so only enter the income in the child's file, if entering again in the mother's return, for any potential dependant credit transfers do not not Netfile. Only Netfile from the child's file.
  2. Geo123

    RRSP

    Hello Taxreturn, This entry means the current year RRSP deduction will be $0 and the entire amount is carried forward.
  3. Hello BMart, Thanks for the update and you are welcome.
  4. Hello MaryBlondqq, You are welcome.
  5. Hello Muneer, Please contact your software provider, we can not answer this question as we are UFile.
  6. Hello TanyaG, Please contact UFile Support so we may review the account payment status. Please include above note. Please open a request ticket and submit on-line at https://www.ufile.ca/contact/contact-us
  7. Hello Skullian, 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
  8. Hello Skullian, 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
  9. Hello Luc Alarie, USA IRS Form Ssa-1042s Social Security Benefit Statement SSA-1099/1042S, Social Security Benefit Statement https://faq.ssa.gov/en-us/Topic/article/KA-01723 It is for the tax withheld under chapter 3 on certain income of foreign persons, including nonresident aliens, foreign partnerships, foreign corporations, foreign estates, and foreign trusts 1. On the left side menu of the "Interview tab" select "Interview setup". 2. On the page that appears to 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 of the "Interview tab" and select "Foreign income and property". 4- On the screen to your right, click on "Foreign pension income (includes U.S social security benefits)".
  10. Hello LEH, It should appear as follows in this example with multiple T2125 and T2042 : 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
  11. Hello UfileUser0987 We must see the file to understand the issue. Support is correct that it should be possible. 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
  12. Hello BRIAN PEREIRA, The T776 is generated automatically by UFile, do not reenter.
  13. Hello MaryBlondqq, The reporting threshold is greater than CAD $100,000 Who has to report? Form T1135, Foreign Income Verification Statement, must be filed by: Canadian resident individuals, corporations, and certain trusts that, at any time during the year, own specified foreign property costing more than $100,000 certain partnerships that hold more than $100,000 of specified foreign property https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/information-been-moved/foreign-reporting/foreign-income-verification-statement.html
  14. Hello joycezj, 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
  15. Hello Ashkan, RE : 960576 BC Renters Tax Credit / SP zero income I believe this issue was resolved by the CRA. Please update your UFile software. Update UFile *Settings (upper right hand corner) Tax return counter... Check for updates... < = = HERE Register EFILE-NetFiIe setup RRSP Calculator Retirement Planner [Check for updates] [x] Check for updates automatically
  16. Hello TerryD, All workers aged 65 to 70 years old must pay CPP contributions, even if they are receiving a Canada Pension Plan (CPP) or Quebec Pension Plan (QPP) retirement pension. As a recipient of the CPP who is working, you have to contribute to the CPP unless you are in one of the following situations: * You are a self-employed worker * You are at least 65 years old but less than 70 and have made an election to stop contributing to the CPP. The program will produce a warning to inform you that you must indicate whether you have made a selection, because relevant information must be entered in the "Controls" section of the software. To stop contributing to the CPP, you must have received CPP benefits and you must have received a T4A (P) slip. An election filed using Form CPT30 applies to all income from pensionable earnings, including self-employment earnings. As a self-employed individual, if you do not wish to contribute to the CPP, please follow the steps below:(2022 example) 1- On the "Left side menu on the Interview tab", select the "Controls" option. 2- On the "Canada Pension Plan" section, under "If you had employment earnings:", go to the question "Did you make a CPT30 election in 2022?". If you had both employment income and self-employment income in 2022 and wanted to elect to stop paying CPP contributions in 2022, answer "Yes" from the drop-down menu, then enter the election date. 3- On the section, "If you had self-employment income (see help?)", go to question "Did you want to stop contributing to the CPP on self-employment income?". 4- For the question, "If you answered Yes to the question above, enter the election date (01-mm- 2022 ) to stop contributing to the CPP (Schedule 8 L.50372) or to revoke an election made in a prior year to stop contributing to the CPP (Schedule 8 L.50374) ", click on the drop down menu and select "Elect to stop contributing to the CPP"and in the box to your right enter the date "(dd-mm-yyyy). 5 - Click on "Next" at the bottom of the page. Schedule 8 will be generated by the program. In Part 3, the software will calculate your CPP contributions on employment income. In Part 4, the software will calculate CPP contributions on self-employment income and you had no employment income. In Part 5, the software will calculate for the CPP contribution on self-employment income, when you had an employment income. For more information on the changes to the CPP rules, please visit the following links: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/payroll-deductions-contributions/canada-pension-plan-cpp/changes-rules-deducting-canada-pension-plan-cpp-contributions.html
  17. Hello BMart, Do I need to try and look up the date I first bought the stocks, then go check the FX rate on that specific date, and do that for the date I sold as well? >>Yes that is the ideal way to do it. What about multiple different dates buying and selling of the same stock? >>Then enter no date for acquisition date and enter the current year date and average for the year.
  18. Hello EDGAR, If you are getting a reject from Revenu Québec regarding an invalid telephone number, please follow the steps below: Go to your spouse's "Interview" section. On the "Spouse Identification" page, answer "Yes but different phone number" to the question “Do you have the same address as your spouse?” Click "Next" at the bottom of the page. Enter your phone number in the "At home" field. Leave the other fields blank. Then try to submit your tax return again.
  19. Hello yuuuky, Transferring directly from an RRSP to an RRSP or from a RRIF to a RRIF- Transfer under paragraph 60L / 60L(V) You probably received either a T4RIF or a T4RSP slip for withdrawals you have made and transferred either to an RRSP or a RRIF. The mention 60L may appear on your receipt to indicate the direct transfer. To report this direct transfer from one account to another, please follow the steps below: 1. On the "Left side menu on the Interview tab", select the item "Interview setup". 2. On the right-hand side of the screen, go to the "Pension" group, check the box for "Pension income, other income and split pension income (T4A, T4A(OAS), T4A(P), T4A-RCA, T4RSP, T4RIF, T1031)" and click "Next" at the bottom of the page. 3. Return to the "Left side menu on the Interview tab" and select "T4A and pension income" 4. On the screen to your right, choose the line that corresponds to your situation, either "T4RIF - Income from Registered Retirement Income Fund (RL-2)" or "T4RSP - Income from a Registered Retirement Savings Plan (RL-2)". 5. For the line "Box 16 - Taxable amounts from a RRIF (RL-2 box B)" or "Box 16 - Annuity payments from RRSP (RL-2 box B)", enter the amount of the withdrawal. 6. For the line entitled "Portion of Box 16 transferred to a RRSP" or "Portion of Box 16 transferred to a RRIF", enter the amount transferred. You should ask the payer to transfer the funds directly from one account to the other. Generally, the amounts you transfer directly into an RRSP do not change your RRSP deduction limit. The amount transferred directly will be entered on line 24640 of federal Schedule 7. For more information on this topic, consult the following link: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/transferring.html
×
×
  • Create New...