szysagittar Posted March 1 Report Share Posted March 1 Hi, I need help to use the Ufile online to do the tax report. I lived in BC and this year I found I did not report the cca of building property for previous 2 years - 2022,2021,2020 I am in the mid of figure out how to report tax for 2022 and previous adjustment request, I read thru the forum on ufile already. Can you someone me to verify what I input is correct? Thank you very much! For 2022, I received the BC assessment of property from government, say, property building value is 80k //1 The open balance should be the value I got from government assessment letter of that year, 80k //2,3 To whom the CCA should be allocated, I should choose Business? (I purchased the apartment and rent it out totally) And choose 100 % //4 I saw from the post https://community.ufile.ca/topic/16670-cca/#comment-37691 what should I input for description and value of The box: Description and amount of capital additions (other than AIIP) is the purchase price of apartment ? say, 400 k in 2019 ? I leave blank and not blank will generate a big difference for this years tax I need to pay, I don’t know what to input. As I understand, I should only provide this box for the tax return report the year(say, 2019) I purchase this apartment, and the software will retain the value. But what should I put in this box for 2022 tax report? //5 And the box of "Description and amount of capital additions of AIIP", what should I input for description and value? For 2021 I add an Adjustment request from interview setup say, the BC assessment of government letter told me the property building value is 100k, If my rental net income is 20k, What I put here is below, are those correct? //1 I choose net rental income //2 Amount Claimed on jacket before adjustment is 20k, //3 Amount Claimed on jacket after adjustment is 20k - 4% * 100k = 16k For 2020, that is the year I start to rent. Change for adjustment request is the similar to 2021, is that correct? Thank you very much for your help! Best regards Quote Link to comment Share on other sites More sharing options...
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