Why UFILE always say “The beginning and end dates entered for your business correspond to a fiscal period of less than 365 days”?

[Mike jiang]

I am filling T2125 for my delivery business. The start date is 01-01-2021 and end date is 31-12-2021. I checked “Tick if this is the first year of operations “.  But Ufile always gave this error when I reviewed my return.

Please help me. Thanks!

 

[TheTaxSmith]

Go back and carefully look at the date entries.  Day Month Year using 4 digits for the year.

[Mike jiang]

The dates were selected from Ufile system.  It’s 01-01-2021 and 31-12-2021.

Thanks for reply.

[TheTaxSmith]

Ok did you add any assets such as a vehicle and use a date not in the year 2021?

[Mike jiang]

I didn’t add any assets such as a vehicle. There is nothing in Motor vehicle expenses and home office expenses. I only filled “fees for services”, “insurance “, ”telephone “, “fuel costs” in “income, expenses”.

[Yan Zhao]

I encounter the same problem on April 20, 2021. Ufile 2021 reports the issue even I deleted the T2125 form.

Stuck here now and need help ASAP.

 

[Mary pichette]

Did you figure it out

[Richard Wang]

I have same problem, I tried many times, it won't fix !!!!! It is a bug !!!!

[cloudinwater]

On 4/17/2022 at 5:37 PM, Mike jiang said:

I am filling T2125 for my delivery business. The start date is 01-01-2021 and end date is 31-12-2021. I checked “Tick if this is the first year of operations “.  But Ufile always gave this error when I reviewed my return.

Please help me. Thanks!

 

have you solved this problem

 

[cloudinwater]

have you solved this problem?

I need help too

[Gail23]

@@cloudinwater,  I replied to your email request.

 

[XiaoyuWang]

I have the same problem!

Any help for solation?

[XiaoyuWang]

Even I remove this self-employment. It still show this error! Terrible!

[SANDRA1368]

I am having the same problem this year.  ???

[Geo123]

Hello SANDRA1368,

Please check beginning and end dates. 01-01-2022 to 31-12-2022

Please check if you have two T2125's or T776’s entered by mistake

Also check : Tick if this is the first year of operations (or last) IF applicable

 

[SANDRA1368]

20 hours ago, SANDRA1368 said:

I am having the same problem this year.  ???

Yes, for some reason, it had opened 2 T2125s.  (had to be me but no idea how).  Anyway, it worked!  All is good now!  Thanks!

[Michal R]

I have the same issue "  

The beginning and end dates entered for your business correspond to a fiscal period of more than 365 days (or 366 days for a leap year).
If this was the first year or the last year of operation of the business, Click here to revise the data.
Otherwise, click here to revise the dates for the beginning and end of the fiscal period.

 

The dates are entered by file.... first and last year of operation boxes are not checked...

Any other suggestions??

[Michal R]

Foud the mistake...in on of the T776 the dates were not correct....

[Sandy John]

I have this problem too. What should i do? I dont even have business. I tried to uncheck the YOU NEED TO COMPLETE THE IMMEDIATE EXPENSING LIMIT AGREEMENT from the Interview startup page. I could not even take it off.. I have no idea what to do now. Please help. 

[Geo123]

Hello Sandy John,

You should verify on the Left hand menu if you did not mistakenly open a T2125 or T776.

[paulcw]

Hi, 

 

I have the same problem. I have no business but the error keep pointing to enter the operation date of the the business, I filled out the form T776 for the rental of my basement last November which I entered the date correctly. Please help to solve the problem. Also, I can't uncheck the YOU NEED..on the interview setup section.

 

Thanks,

Paul

[leo_garnett]

i'm trying to file my 2023 tax return. Ufile keeps saying "The beginning and end dates entered for your business correspond to a fiscal period of less than 365 days" under my wife's tab. She has no business. Please help.

[Geo123]

Hello leo_garnett,

You may have selected it by mistake.  On the left hand side of the Interview check if T215 appears and if so delete it.

[danjjj]

hi  @Geo123same issue in 2023 tax filing.

I had a new rental property in 2023 with the date typed correctly in T776; and I have a business for whole year 2023 with dates typed correctly.

Ufile just relates these two together and keeps throwing the error message.

These 2 forms are seperated and independent to each other, what i can do?

[Geo123]

Hello danjjj,

UFIle does not relate the T776 to the T2125.

Please check beginning and end dates. 01-01-2023 to 31-12-2023

Please check if you have two T2125's or T776’s entered by mistake

Also check : Tick if this is the first year of operations (or last) IF applicable
 

[danjjj]

@Geo123 thanks for the reply. I have multiple T776s each for a rental property, and only 1 T2125.

one of the T776 has a beginning date in the middle of 2023. all other T776s and the T2125 have whole year 2023.

But Ufile doesn't honor me and keeps saying my self employment has the less than 365 days error.

[Geo123]

Hello danjjj,

You are welcome.  There is an issue with your data entry. Please contact UFile Support so we may review the file confidentially. Please include above note.
Please open a request ticket and submit an anonymous file for review on-line at https://www.ufile.ca/contact/contact-us