Jump to content
Français

Martin M.

Members
  • Posts

    4
  • Joined

  • Last visited

  1. Hi Geo! Thank you for your prompt reply! In fact I did what you mention in your answer - I added my last year (2023) tuition amount as well. There is not much to be done on the page with the tuition amounts (T2202). "To claim" is nothing else but "to add" the new amount. Basically I can't control or change those amounts for my own tax return. I can only control an amount transferred to others. I tried some scenarios comparing different Tax Returns under #4 in the program (the pdf-file). Playing with numbers I came to the point that the Tuition, education and textbook amount @ line 32300 under Federal non-refundable tax credits appears only if the Total income @ line 15000 is bigger than 16,553.00. If the latter is less, the tuition amount (no matter new or carried-over) cannot be used. The program does not allow it. I have no idea what exactly is this amount. No matter what the scenario, I always have Balance owing on line 48500. I'll probably contact ufile as per your advice. This is my first return for a year I both studied and worked, and I want to have it done properly. Regards, Martin
  2. Hi everybody! 2023 was my last year at the university and I had 4 full months of studies. I also worked 6 months after I finished my studies. My carryover amount from previous years (federal tuition amount) is 20K+. After calculating my income and all the expenses, the program tells me that I have an amount due. How can I use my carryover tuition amount to zero my taxes? Is this possible?
  3. Hi everybody! In 2022 during the summer holidays, I worked as a CAD-designer, completing the requirement of my university for student practice education. I was paid with checks by my employer, without becoming an employee of his company, thus providing consultant's services as self-employed. I didn't receive a T4 or T4A slip. In the interview setup under self-employment income T2125P I answered the questions about the fiscal period of my business (3 months), NAICS System code, that I am the sole proprietor etc. On the income page I wrote the gross professional fees (ca. $5000 incl. HST). I added the expenses for a home office (worked from home all the time), for 3 months only. I didn't have any further income in 2022. At the end the review of the Federal summary the program shows me Net professional Income (line 13700) = Total income (line 15000) more than twice as much ($11,000+) as the income I put under Professional income ($5,000). Why is this so and what can I do to change it? Thanks in advance! P.S. Could the fiscal year end and beginning be the problem? I started and finished work between June and September 2022.
×
×
  • Create New...