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Showing results for tags 't5'.
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What does Ufile do in this situation? I reported a T5, mark the field for JOINT ACCTs with ''50%'' and the forget to say ''YES'' on the question ''Do you wish to transfer the remainder to your spouse's tax return (if applicable)?'', what does Ufile do?? On my 2019 return I had in three instances forgotten to say ''YES'' and the result was that the program seemingly only reported 50 % on my income and dropped the other 50%, resulting in an incorrect combined total. There should be a safety check, if the field for the percentage box is not blank then the next question MUST be YES. I cannot see a situation where one would report interest and give a percentage to split with spouse and then not want to do so by leaving the next box blank. Or is there one?? Many thanks. I should add, the resulting transfer to CRA was exactly short by half the amount, but seemingly showed a refund on the total amount in print.
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Hi Not sure if it's a bug or just some tax related rule... I am filling in a T5 for my spouse foreign income with rough number like (USD) Box 15: 300$ Box 16: 50$ I noticed that the amount of Box 16 (foreign income tax paid on dividends income) doesn't affect the total refund Shouldn't the amount of tax paid affect the bottom line, or it doesn't matter if the foreign tax was paid or not?
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On the T5 input screen (UFile for Windows), boxes 15 and 16 are listed twice but my actual T5 forms have the box listed only once. So where do I put the value on the form? First field? Second? Both? Filling the values into the first field in UFile (for both 15 and 16) results in a refund of $7,195.74. Filling the values into the second field instead results in a refund of $7,157.90. Putting the values in four times results in a refund of $6,961.61. So it clearly makes a difference. Thanks for any insights.