MisterVinh Posted November 16, 2022 Report Share Posted November 16, 2022 CRA has reduced my OAS because I have high income more than $81,761 in 2021. The high income is the result of $51,836 Capital gain realized. CRA requests I produce an estimate of 2022 income so they could increase the OAS amount back. I used Ufile 2021 to make a simulation of 2022 tax return but CRA refused because the "tax owing is more than tax paid". (strange that they don't see the estimate 2022 income is less than $42000, way below the $81,761 OAS threshold) I have realized very big capital loss in 2022 but cannot show that with Ufile. I filled $281,000 in the page "Loss carryback" but do not see a tax reduction. Please help me to show them a negative amount of tax owning. Quote Link to comment Share on other sites More sharing options...
Geo123 Posted November 17, 2022 Report Share Posted November 17, 2022 Hello MisterVinh, RE : Loss carryback Please contact UFile Support so we may review the file confidentially For telephone support, please call: 514-733-8414 or 1-888-633-8414 An agent can review the issue with you. If you prefer, you can also open a request ticket on-line https://www.ufile.ca/contact/contact-us Quote Link to comment Share on other sites More sharing options...
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