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TerryB3202

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Everything posted by TerryB3202

  1. I started Ufile and allowed Windows 10 Update notice for Ufile but got the message noted below. I allowed the access and the program loaded normally. Is this error something I shoul ignore or is there something I should do to prevent it from happening again?
  2. Thanks. To answer the question as to why my SIN is on the account, the account is joint and the T5 always shows the first-named SIN associated with joint holders. CRA instructions require "proportionate" reporting and for Line 12100 says " Generally, you report your share of interest from a joint investment based on how much you contributed to it." In most years, the contributions and interest are roughly equal between my son and I, but this year, this particular GIC was purchased solely with his money. Due to his disability and treatment at the moment the GIC was established, this was the easiest way to create the term.
  3. I received a T5 under my SIN for a GIC investment showing box 13 interest earned on a deposit made solely with the capital provided by my disabled son. In UFile, should I record the T5 in my return and allocate my share to zero and then enter the same T5 information in my son's return showing 100% as his share?
  4. My dependent son with a disability operated his own self-employment maintenance and landscape business in prior years and reported 100% of income, expenses, etc., on the Ufile T2125 screens. He became more disabled in 2022 and I (head of household) took on 50% of the work for the year for 50% of the income after expenses. How do we each report this income in the Ufile for Windows program?
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