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- Posted Use nine zeroes. This should work 000-000-000 she will no... on Seniors and students. October 30, 2019 9:46 PM
- Posted It would be considered a disposition for tax purposes. Yo... on Investors and rental owners. October 30, 2019 9:46 PM
- Posted On the Home Buyers Plan repayment screen make sure to inc... on Seniors and students. October 30, 2019 9:37 PM
- Posted Remove the Box 85 entry from Turbo Tax and only claim the... on Getting started. October 30, 2019 9:34 PM
- Posted Claim only the portion of medical premiums you actually p... on Getting started. October 30, 2019 9:34 PM
- Posted Make sure months are reported on the T2202A and included... on Troubleshooting. October 30, 2019 9:34 PM
- Posted Use the "Employment Expenses" screens in Turbo Tax. Your... on After you file. October 30, 2019 9:34 PM
- Posted You will need to answer the qualifying questions on the M... on Credits and deductions. October 30, 2019 9:34 PM
- Posted I will mention this to tech Support, as long as the amoun... on Credits and deductions. October 30, 2019 9:33 PM
- Posted The Climate Action Incentive Credit for SK, MB, ON and NB... on Credits and deductions. October 30, 2019 9:33 PM
- Posted Should CRA contact you for additional information the rec... on Credits and deductions. October 30, 2019 9:33 PM
- Posted Use the Foreign Income screen in Turbo Tax, end of the "T... on Investors and rental owners. October 30, 2019 9:32 PM
- Posted Only one person per Household can claim the rent amount.... on Investors and rental owners. October 30, 2019 9:32 PM
- Posted The amount available for transfer is based on the student... on Troubleshooting. October 30, 2019 9:31 PM
- Posted If the property was purchased originally for more then $1... on Investors and rental owners. October 30, 2019 9:30 PM
- Posted If the allowance is paid monthly and included in income t... on Self-employed. October 30, 2019 9:29 PM
- Posted Even though it would technically be a requirement to amen... on Getting started. October 30, 2019 8:55 PM
- Posted Enter the amount only once in Box 48 on the T4A screen. C... on Getting started. October 30, 2019 8:55 PM
- Posted You can also print a paper copy of the schedule 12 and ke... on Self-employed. October 30, 2019 8:55 PM
- Posted Hi @rachenna26 sorry for the limitation on space for entr... on Self-employed. October 30, 2019 8:55 PM
October 30, 2019
7:01 AM
Even if your daughter does not have any income to report, either taxable or non-taxable government support, she should file a tax return if she is eligible for Federal or Provincial credits. As an example, a person reaching their 18th birthday will be eligible to receive the Goods and Services Tax Rebate. This is a quarterly payment from the federal government. It would also be beneficial to the supporting persona (parent) that the dependent adult file a tax return to support a transfer of any qualifying amounts such as Disability Amount or medical expense. These are but a few examples and depending on your daughters circumstances there can be many more. There is no minimum age to file a tax return in Canada.
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October 30, 2019
7:01 AM
Provide information from your T2202a Tuition and Education slip under the "Deductions" tab > "Students" > and "Tuition Fees".
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October 30, 2019
7:01 AM
Use the RRSP section of Turbo Tax Desk Top software. Select RRSP from the left hand menu. At a minimum indicate that you have made RRSP contributions and that you also intend to carry forward some or all of those contributions to a future year. (see screen shot). It is important to include the contributed amount on the tax return as CRA may try to reconcile your information with that provided to them by your financial institution. By providing the correct amounts on schedule 7 it will allow CRA to keep track of your undeducted contributions until such time as you choose to claim them for tax purposes. Undeducted contributions will be reported on your Notice of Assessment (NOA) as well as tracked in My Account on the CRA website.
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October 30, 2019
7:01 AM
You can not claim a "Spouse" as Eligible Dependent. You may be able to claim a spouse for the spousal or common-law partner amount provided their net income is below $11,653 for the entire year. You will need to indicate that your marital status has changed in 2017 to common-law and that you meet the CRA guidelines for this declaration.
https://www.canada.ca/en/revenue-agency/services/child-family-benefits/update-your-marital-status-canada-revenue-agency.html
Be aware that advising CRA of a change in marital status can have an impact on previously received amounts such as GST and Child Tax Benefits.
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October 30, 2019
7:01 AM
You can claim support of a non-resident spouse provided that you can prove financial contributions during the year in anamount that satisfies CRA that you are providing for the basic living requirements of your spouse. Claim this amount if, at any time in the year, you supported your spouse or common-law partner and his or her net income (line 236 of his or her return, or the amount it would be if he or she filed a return) was less than $11,635. In Turbo Tax you would indicate your marital status, not preparing your spouses return together, and then provide the requested information for your spouse as the software prompts. You do not require a SIN for your spouse. But you must indicate that they have no income or the actual amount of income for the year in CDN funds. They will not be taxable in Canada if they are not considered a resident of this country.
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October 30, 2019
7:01 AM
Make sure to complete all applicable screens in order to provide CRA with the correct carry forward and transfer information. Under the "Deductions" tab > "Students" > "Tuition Transfer" and complete the information for both Federal and Provincial schedule 11. see screen shot below.
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October 30, 2019
7:01 AM
You can find a detailed summary of your tax return under the "Review" tab > "Bottom Line (tax summaries)"> then look for the paper and magnifying icon in the lower left hand corner, select "Detailed Tax Summary". You will have a line by line sample of the Federal Tax Return.
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October 30, 2019
7:01 AM
Provide the information in box 34 of the T4A in the corresponding box of a T4A Pension, Retirement, Annuity slip. The information is for CRA purposes. see screen shot below. (Make sure you are using the T4A under "Income" > "T-slips" > T4A and not another T4 reporting slip)
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October 30, 2019
7:01 AM
You will file the 2017 tax return as normal. You can send a copy of the Death Certificate and if requested by CRA, to verify the Executor, a copy of the Last Will and Testament. You may need to change the mailing address on the 2017 tax return which could prevent the return from being Netfile eligible.
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October 30, 2019
7:01 AM
You can access your 2016 Turbo Tax by visiting our home page turbotax.ca and in the sign in box select "Start or continue my 2016 tax return". Then use the appropriate sign in user name and password. You can review your information under "Deductions" > "Payments Profile" > "Donations Profile". In addition you can download a PDF copy (if you had not done that last year) from the "Review" tab > "Bottom Line (tax summaries)" > and select the download option in the lower left hand corner (below the paper and magnifying glass icon).
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