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Should I check the box for "Ontario Focused Flow-through Share Tax Credit"?
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December 2, 2019
2:14 PM
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Credits and deductions
Hi, thank you for using Intuit turbotax Live Community
To claim the Ontario Focused Flow-through Share Tax Credit (OFFTS) you must be a resident of Ontario on December 31 of the tax year and have either a T101 or T5013 slip with the credit reported on the slip. There would need to be an entry in box 145 of the T101 or box 200 of a T5013.
After the above entries are made, Turbotax will complete the required T1221 and ON479 forms
For more information you can review the Ontario web link here:
https://turbotax.community.intuit.ca/community/forums/replypage/board-id/256/message-id/4419
Hope this helps
December 3, 2019
9:53 AM