All Investors and rental owners posts

Re: My permanent residency is in Canada, but I’m living in the US for college, what should I put ...

TurboTax_Susan — Sun, 05 Apr 2026 17:34:03 GMT

This Canada Revenue Agency (CRA) page can help you determine if you are a resident for tax purposes: Determining your residency status

If you are still unsure of your residency status, you will need to contact the Canada Revenue Agency (CRA) and confirm it with them.

If you are in Canada or the United States, you can call the CRA at 1-800-959-8281. If you are elsewhere, you can call 613-940-8495. This page has more ways to contact the CRA: Contact the Canada Revenue Agency

Re: For Foreign employment income and Foreign tax paid sections, should I put amounts in Canadian...

TurboTax_Susan — Sun, 05 Apr 2026 17:33:32 GMT

You need to enter the amounts in Canadian dollars.

I incorrectly entered taxable capital gains and can not delete them.

Groove1 — Sun, 05 Apr 2026 13:00:31 GMT

For Foreign employment income and Foreign tax paid sections, should I put amounts in Canadian dollar or foreign currency?

Goforit30510 — Sun, 05 Apr 2026 10:19:38 GMT

My permanent residency is in Canada, but I’m living in the US for college, what should I put for my residency?

karisparisking — Sun, 05 Apr 2026 10:00:36 GMT

entering foreign income. put in the income in CAD and the exchange rate as reported by bank of canada. do I put income tax in the foreign tax paid box?

molly-mcguire88 — Sat, 04 Apr 2026 18:42:06 GMT

SK Home renovation Tax Credit, if it exceeds more than $6,000, should I claim the rest for next year?

babs230 — Sat, 04 Apr 2026 16:03:52 GMT

Have probably over $10,000 of eligble expenses, how do I know which ones to claim?

Re: How to correct TurboTax incorrect calculation of taxable Capital gains using CNIL? Entrances ...

peter-m — Sat, 04 Apr 2026 03:57:13 GMT

How to claim CNIL deduction against taxable capital gains ?

Re: I meet all the requirements and select to claim the BC sales tax credit however when I move past this stage it is not giving me the credit in my summary.

user17752548622 — Fri, 03 Apr 2026 22:24:33 GMT

Hi,

I'm having the same issue. Has this been fixed?

Re: I am a German citizen who was on a working holiday in Canada for the year of 2025. How do I f...

TurboTax_Susan — Thu, 02 Apr 2026 23:31:51 GMT

This Canada Revenue Agency (CRA) page can help you determine if you are a resident for tax purposes: Determining your residency status

If you are still unsure of your residency status, you will need to contact the Canada Revenue Agency (CRA) and confirm it with them.

I am a German citizen who was on a working holiday in Canada for the year of 2025. How do I file my taxes?

jenni-lemmen — Thu, 02 Apr 2026 23:28:05 GMT

Re: How to correct TurboTax incorrect calculation of taxable Capital gains using CNIL? Entrances ...

TurboTax_Susan — Thu, 02 Apr 2026 20:53:32 GMT

The T936 Calculation of Cumulative Net Investment Loss (CNIL) is used to help calculate your capital gains deduction (line 25400), which is a deduction that you can claim against taxable capital gains you realized from the disposition of certain capital properties.

It doesn't directly reduce your Taxable capital gains (Line 12700).

How to correct TurboTax incorrect calculation of taxable Capital gains using CNIL? Entrances in CNIL section should offset the taxable gains and do not double them.

peter-m — Thu, 02 Apr 2026 20:21:10 GMT

I am using Turbo Tax Standard 2025 which seems to have a bug and cannot correctly calculate taxable capital gains and CNIL amounts. For example: If you have a CNIL of $5,000 from previous years that has been imported to the TurboTax from previous year return, and you sold a stock which generated capital gains of $10,000 which had been entered with T5008 slip, as a result the $5,000 is added as taxable income. This is correct as capital gains are taxed at 50%. However, when you check the box to “Calculate Cumulative Net Investment Loss (CNIL) “ under “Your capital gains profile for 2025” and entering there required information, the amount of taxable gains doubles to $10,000. This in my opinion is incorrect for two reasons. For one if entering the same capital gains via T5008 slip and then again in “Capital Gains (or Losses) in 2025“ seems to me as double Deeping, and Turbo Tax should not ask you to do so. Instead it should use the information from T5008 slip and populate this information in CNIL form if you select to calculate CNIL. Secondly, the CNIL amount imported from previous years should be used to offset taxable gain for current year as part of Capital Gains Deductions. This however, does not seem to be working either. I would expect the following result with given example above: Capital Gains of $10,000 (entered via T5008 form) should be taxed at 50% which should result in $5,000 of taxable income. However, because the is a CNLI of $5000 the taxable amount of capital gains should be reduced by this number resulting in $0 for taxable amount for capital gains. Could you please explain why TurboTax doubles the taxable amount instead of reducing it?

can I claim all km spent or just for business in Allowable motor vehicle expenses section?

farissaqat45 — Thu, 02 Apr 2026 08:51:54 GMT

I DRIVED 25000 KM A YEAR BUT I USED ONLY 2587 KM FOR DELIVEY FOOD HOW CAN I ADD VEHICLE EXPESSES ?

Re: Entering dividend income from T5 slips-Manual input required of 3 amounts

TurboTaxAniqua — Wed, 01 Apr 2026 23:29:30 GMT

@arebel Does the 'Taxable amount' on your T5 (Box 25) match Line 12000 on your Tax Summary?

Check the information below:

If they match: The software is working correctly. The user is just seeing the "taxable" version of their dividend, which is always higher than the cash they received.

If they don't match: There may be a double-entry error or a technical glitch where a slip was imported twice (once via Auto-Fill and once manually).

Re: Entering dividend income from T5 slips-Manual input required of 3 amounts

arebel — Wed, 01 Apr 2026 23:17:45 GMT

Why is the basic program adding up boxes 24 and 25 on my T5. This is increasing my taxable income

Re: When filling out info on sale of property it asks % used as a principal residence which when ...

TurboTax_Susan — Tue, 31 Mar 2026 21:13:51 GMT

What is the exact error message that you are getting? Are you using TurboTax Desktop or TurboTax Do It Yourself (Online)?

When filling out info on sale of property it asks % used as a principal residence which when I fill in with 100% it will not except my answer.. why?

janmcc — Tue, 31 Mar 2026 21:06:31 GMT

I was the principal resident for all the years I owned the property but it will not allow me to answer with 100%

When filling out info on sale of property it asks % used as a principal residence which when I fill in with 100% it will not except my answer.. why?

janmcc — Tue, 31 Mar 2026 21:06:29 GMT

I was the principal resident for all the years I owned the property but it will not allow me to answer with 100%

When filling out info on sale of property it asks % used as a principal residence which when I fill in with 100% it will not except my answer.. why?

janmcc — Tue, 31 Mar 2026 21:06:27 GMT

I was the principal resident for all the years I owned the property but it will not allow me to answer with 100%