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bensy2016

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  1. Like
    bensy2016 reacted to Geo123 in Filing a tax return on someone's behalf   
    Hello jlijli,
    Yes.
    In UFile select  >> Specific Situations >> Legal representative or guardian -->
      >>
    A guardian is a person who looks after and is legally responsible for someone who is unable to manage their own affairs, especially an incompetent or disabled person or a child whose parents have died.
        Is there a guardian or legal representative person to whom the taxpayer gave power of attorney?  Yes  No       
  2. Like
    bensy2016 reacted to Geo123 in HBP   
    Hello Alex44,

    How to repay the funds withdrawn from RRSP(s) under the Home Buyers’ Plan (HBP)
    Note
    Currently, the HBP withdrawal limit is $35,000. This applies to withdrawals made after March 19, 2019.
    On this page
        When do you start making repayments?
        Repaying the amount you withdrew
        Special repayment situations
    When do you start making repayments?
    You have up to 15 years to repay to your RRSP, pooled registered pension plan (PRPP) or specified pension plan (SPP) the amounts you withdrew from your RRSP under the HBP.
    Your repayment period starts the second year after the year when you first withdrew funds from your RRSP(s) for the HBP. For example, if you withdrew funds in 2023, your first year of repayment will be 2025.
    https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/what-home-buyers-plan/repay-funds-withdrawn-rrsp-s-under-home-buyers-plan.html
     
  3. Thanks
    bensy2016 reacted to Geo123 in Adjustment on previous tax return - Rental Property Income   
    Hello bensy2016,
    These lines are effected :
    12599 Rental income - gross
    12600 Rental income - net
  4. Thanks
    bensy2016 reacted to clw in Adjustment on previous tax return - Rental Property Income   
    I would recalculate my 2021 return with percentage set at 0% and determine which lines change in the return. Then change those lines in the T1-ADJ.
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