Jump to content
Français

Rohit

Members
  • Posts

    2
  • Joined

  • Last visited

  • Days Won

    1

Everything posted by Rohit

  1. Hello, I made RRSP contribution in Feb with the intention to use those funds towards my 2023 return (and hence not claim the deduction on 2022 as my 2021 NOA had the lower limit). I indicated on UFILE that I would like to claim RRSP deduction equal to my limit from 2021 NOA and the remaining portion (Which was contributed during Feb 2023) will be carry forward and I will claim that next year. But I am getting a warning "Your RRSP contribution exceeds your deduction limit by more than $2,000.The government will assess monthly penalties of 1% on your overcontribution.". Is this a bug on Ufile OR I can not use the contribution made during first 60 days of year 2023 on my return next year ? (i.e. for 2023) ? Please clarify
  2. Hello, For the rental property income, UFile is requesting to provide the Gross rental income and the help text indicate that "UFile will factor this amount by your share of the ownership." which is fine but what about the expenses ? Should those expenses be entered as Gross/total expenses and UFile will split it automatically based on share of ownership ? (Help text does not say anything about that ) e.g. Gross rental income is 9000 Property tax (TOTAL for the year): 2000 My share of ownership is 50%. So based on the help text, I will add 9000 as Gross income and expect Ufile to split it to 4500 (btw, which line will have this amount?). Now for the property tax, should I enter 2000 (so UFILE can caclulate) OR should I enter 1000 (equally distributed between me and spouse ?)
×
×
  • Create New...