Entering any foreign amounts into TurboTax varies depending on the
version of software you're using. Before you begin, there are a couple
of general things to keep in mind: You must enter income, pension, and
any other amounts into TurboTax, even if ...read more
Rental income is income you earn from renting a property that you own or
have use of. You can own the property by yourself or with someone else.
Rental income includes income from renting: Houses Apartments Rooms
Space in an office building Other rea...read more
Your spouse's net income for the tax year is required to calculate
certain spousal credits when filing a joint return. If you choose to
prepare your returns together, TurboTax can automatically optimize
credits and deductions between you. Most spousa...read more
Entering any foreign amounts into TurboTax varies depending on the
version of software you're using. Before you begin, there are a couple
of general things to keep in mind: You must enter income, pension, and
any other amounts into TurboTax, even if ...read more
In short, you don't. Canada doesn't have an inheritance tax, so
beneficiaries generally don't pay taxes on what they've inherited. The
deceased person's legal representative is supposed to file a deceased
tax return and make sure the estate pays or s...read more
When you don’t know your spouse’s income and can’t find out through
reasonable means, the CRA recommends that you enter your best estimate.
The CRA will assess you and your spouse’s (or former spouse’s) returns
together to ensure that the credits and...read more
Rental income is income you earn from renting a property that you own or
have use of. You can own the property by yourself or with someone else.
Rental income includes income from renting: Houses Apartments Rooms
Space in an office building Other rea...read more
Whether you need to declare income from outside sources is dependent on
a variety of factors, ranging from the type of income you have earned to
the size and quantity of your investments. You can learn about some of
the common instances for declaring...read more
If you have other employment income to report, there are several ways to
enter it into TurboTax (depending on whether you are reporting this
income on slips or forms). It's important to note that employment income
(line 104 of your T1 General), is no...read more