Geo123

Hello sodium, If your receipt issued by the financial institution indicates that it is a "Transfer under s. 60LV", please follow the procedure below. Also, be aware that a "CRI in the tax sense is a locked-in RRSP" and that a "LIF is a RRIF". 1. On the "Left-side menu on the Interview tab", select "T4A and pension income". 2. On the screen to your right, click on the plus sign "+" icon on the right the line "T4RIF - Income from registered income fund (RL-2)". 3. On the new page generated, enter the amount from box 16 of your T4RIF slip and write it on the line "Taxable amounts from a RFIF (RL-2 box B)". 4. In addition, enter the same amount again on the line "- portions of Box 16 transferred to an RRSP/PRPP (click the?)". This amount will be carried over by the program on line 13000 of the federal return as well as on line 20800. In addition, federal Schedule 7 will indicate on lines 24500 and 24640 the amount transferred

Hello Lau For the ON-BEN Ontario energy and property tax credit (OEPTC) select the Declaration applicable to you : Declaration for rent paid (tenants), including a private long-term care home Declaration for property tax paid (owners) Declaration for student in a designated residence Declaration for home energy costs for residence on a reserve Declaration for amount paid for public or non-profit long-term care home

Hello flash_os, You do not claim CCA in the final year. As an example of a Rental Sale >>T776 >> Class 1 - 4% Description of the asset: MyRentalSoldBldg QC Proceeds of disposition of an asset[ $120,000.00] QC ACB of the disposition [$100,000.00] QC Description and amount of expenses associated with the disposition of assets: [Broker and legal] [$5,000.00] QC Calculate the capital gain and carry the result on schedule 3 [Calculate capital gain] QC Did you liquidate all assets in this class? QC [Yes OR NO]

Hello MelissaK, Please logout and log back in.

Hello askari, These reports are found in the Tax Return Tab (Tab 4) Summary of carryforward amounts < - - - HERE T-slips summary p1 T-slips summary p2

Hello JamesJones, B.C. renter's tax credit will only be available in 2023. Budget 2023 proposes an annual income-tested renter’s tax credit that will give $400 to low- and moderate-income renter households with an adjusted income of $60,000 or less. Those with an income that is more than $60,000 and less than $80,000 may receive a reduced amount. https://www2.gov.bc.ca/gov/content/taxes/income-taxes/personal/credits/renters-tax-credit#how-much-credit

Hello askari, The donations likely could not be used and were carried forward. Please check these reports : Charitable donations (Federal) Charitable donations (Quebec)

Hello Ctax, There is no way to NOT send a "Business Statement" to the CRA even if the T2125 contains not Income or Expenses It is not contained in the Federal - Return record but is contained in the Federal - T2125 (SFD). There is no override in UFIle. You would require our professional software DTMax T1: https://www.thomsonreuters.ca/en/dtprofessionalsuite/products/dtmax.html

Hello taxhelp, Normally this would be a Return for rights or things however, given the amount, please contact the CRA and see if above solution is acceptable for them. Return for rights or things Rights or things are amounts that had not been paid to the deceased at the time of their death and that, had the person not died, would have been included in their income when received. Rights or things can come from employment and other sources. https://www.canada.ca/en/revenue-agency/services/tax/individuals/life-events/what-when-someone-died/optional-returns/return-rights-things.html This is not available in UFile but is available in our professional software : T1: https://www.thomsonreuters.ca/en/dtprofessionalsuite/products/dtmax.html

Hello Julie W, 1.) Close the UFile session by exiting the UFile page ie close the browser and login back in. The data should not be lost and all entries should be restored (except the last interview page). It may be due to a split second disconnect of the DBase to web server interface page and can be caused by network latency, internet disruptions or other internet issues. 2.) Check Firewall / Antivirus settings 3.) Also reported when a user is behind a PROXY or other Web service which changes the users IP address during the session in UFILE. Eg. Using a corporate network. Try on a connection outside a VPN (Virtual Private Network). 4.) Clear the cache. 5.) Switch browsers. Eg. From Chrome to Firefox 6.) Check for browser extensions eg. Crypto wallet / Cisco Webex >>Chrome >> Settings >> Manage extensions. 6.) IF the issue persists please try to open your account from a different location ie different IP address: home or office or reboot the modem router.

Hello DMac, Note that a qualifying child must have been under the age of 19 on December 31, 2022 Under the Dependant file select : Tuition, education, student loans Child care Fitness and recreation < - - - HERE Children's arts amount Amount for young children >>Nova Scotia - Children's sports and arts tax credit Enter the fees paid in 2022 to a club, association, or similar organization to register a qualifying child in an eligible program. Do not claim any fees already claimed by another person. For more information click here. Eligible fitness and recreational fees [MySport ] [$Amount] Tax Return : NS479 Children's sports and arts tax credit

Hello Okynnor, The CRA does care - it is in their files. The loss will be carried forward, if it can not be used, to the 2023 file, the new carryforward loss/gain balance will reflect the amounts based on the Ufile ""Capital gains history (Federal)".

Hello S1773, Please contact UFile Support so we may review the account. Please understand that at this busy time of year wait times may be longer than normal for a phone agent. You can open a request ticket and submit a request on-line at https://www.ufile.ca/contact/contact-us

Hello Distill, GST filed is not a required field. It is a warning NOT an error.

Hello afshin, Please verify your E_Mail and follow the instructions in order to allow us to view the file. Thanks.

Hello EGM, She can continue to be a Dependant of the file after turning 18. If the Dependant has the same mailing address and /or is a student they can continue to be a Dependant.

Hello BrysonFernandez, One client reports doing this "Windows on a VM on my Linux OS via Google Chrome"

Hello AlexPopov, >>In UFIle : Identification Date of birth [01-01-1980] NETFILE Access Code (Canada Revenue Agency) [ ]< - - - HERE

Hello YBY, You are welcome.

Hello Danbi / CarlosJ, Please contact UFile Support so we may review the file confidentially. Please include above message ATTN : Geo Please open a request ticket and submit an anonymous file for review on-line at https://www.ufile.ca/contact/contact-us

Hello iRSM, 1. To determine if HVAC install and attic repair are CCA) To determine if Current expenses or capital expenses ie CapEx or operating expense : A current expense is one that generally recurs after a short period. For example, the cost of painting the exterior of a wooden property is a current expense. A capital expense generally gives a lasting benefit or advantage. For example, the cost of putting vinyl siding on the exterior walls of a wooden property is a capital expense. https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/current-expenses-capital-expenses.html 2. Here is an example of a CCA addition : Description of the asset: MyRentalBldg- Opening balance of the undepreciated capital cost $100,000.00 To whom the CCA should be allocated < - - -LEAVE AS NULL Portion (%) of CCA used for business or employment < - - -LEAVE AS NULL Purchase date of the property 01-01-2019 ACB of the depreciable capital property in this class $100,000.00 Limit to the CCA of this class Description and amount of capital additions (other than AIIP): < - - -SELECT THIS ONE [Aluminum Siding] [ $10,000.00] < - - - ENTER addition Description and amount of capital additions of AIIP: Application of half-year rule to current year additions Yes T776 – p3 Area A – ½ year rule applied CHECK iF ok

Hello shi9208, (1.) Principal residence This section is used if you disposed of a property (or properties) in 2022 for which you are claiming a principal residence exemption. Designation of the property as a principal residence to the Canada Revenue Agency (CRA) by filing the Designation of Property as Principal Residence by an individual other than a personal trust (T2091)? [Yes] < - - - SELECT HERE By selecting "yes", you confirm that all information provided on this property on the Designation of property as principal residence form by an individual other than a personal trust (T2091) corresponds to the information you provide on the Designation form. property as a principal residence (TP-274), such as the address or legal designation of the property, the number of years for which the property is designated and the proceeds of disposition. Address of the principal residence Apartment Street 1234 HouesSale St City MyTown Province Quebec Postal code H3P 1Y3 Select the form to use (T2091 or T1255) [T2091 - Designation of a property as a principal residence by an individual] < - - - SELECT HERE (2.) Changing all your principal residence to a rental or business property *When you change your principal residence to an income producing property, such as a rental or business property, you can make an election not to be considered as having started to use your principal residence as a rental or business property. This means you do not have to report any capital gain when you change its use. If you make this election: you have to report the net rental or business income you earn you cannot claim capital cost allowance (CCA) on the property *To make this election, attach a letter signed by you to your income tax and benefit return of the year in which the change of use occurs. Describe the property and state that you want subsection 45(2) of the Income Tax Act to apply. https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-127-capital-gains/principal-residence-other-real-estate/changes-use/changing-your-principal-residence-a-rental-business-property.html

Hello Distill, This only a warning / reminder - and you can still NetFIle. "The gross business income is greater than $ 30,000 and there is no GST tax registration number entered. You may be required to register for the GST depending on the goods or services sold." < - - IF you have contacted the CRA then it is OK IF you get the error "An invalid account or GST number was entered within a business or rental property. Federal account number (15 characters) (format 123456789RT1234) [ ] < - - - DO not enter a "dummy" number

Hello Okynnor, RE : If we don't file the loss to adjust 2021 in a T1 adj, how is the CRA going to know? / Also, if the client leaves us, another accountant won't know. >>Information is already with the CRA and will be on the revised NOA. If it is a Capital Loss it will be carried forward by UFIle next year - no need for the T1 Adj.(and in the Tax Return "Capital gains history (Federal)" as well as all other carry forwards "Summary of carryforward amounts")

Hello Francine Hebert, Rl-8 Amount for post-secondary studies Box A and Box B RL-8 Slip: Amount for post-secondary studies = CRA T2202 – Tuition and Enrolment Certificate Box A Amount for post-secondary studies, determined on the basis of the number of terms that you started in the year and completed. If you were 18 or older at some point during the year, enter this amount on line 4 of Schedule S of your income tax return. Box B Tuition or examination fees, including compulsory fees paid for education purposes. These fees give entitlement to a non-refundable tax credit at a rate of 8%. See the instructions for line 398 in the guide to the in-come tax return. >>Tuition RL-8 box A - Amount for post-secondary studies One semester ($3,101 in 2022) A OR Two semesters ($6,202) T2202 Eligible tuition fees paid to Canadian educational institutions for 2022 (Enter description in first field, amount in the $ field.) Description [26] $101 [B] RL-8 Box B $102 < - - IF SAME ENTER in Box 26 IF DIFFERENT (rare) clock the maple-leaf and enter the different amount from Box 26