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- Got Cheered for This sounds like investment management fees.. Click the ".... March 5, 2020 12:46 PM
- Got Cheered for Can you try something for me? On the forms method, click.... March 3, 2020 1:05 PM
- Posted Tony is correct. If you have low income, your tuition cr... on Seniors and students. October 30, 2019 4:05 PM
- Posted You have to split them manually. Once you have one S3... on Self-employed. October 30, 2019 4:05 PM
- Posted Enter the total income and deduct the fees as office expe... on Self-employed. October 30, 2019 3:30 PM
- Posted Please click on the deduction tab and select "students".... on Seniors and students. October 30, 2019 3:12 PM
- Posted Yes. If you are doing it for tax planning you can make an... on After you file. October 30, 2019 3:12 PM
- Posted What province are you in? Ontario discontinued some tuiti... on Importing your data. October 30, 2019 3:12 PM
- Posted Energy costs are for people living on a reserve as they d... on Investors and rental owners. October 30, 2019 3:12 PM
- Posted Do you have either box 71, 88, 78, 82 or 83? on Filing. October 30, 2019 3:12 PM
- Posted Yes, you can claim the mortgage interest on your home as... on Investors and rental owners. October 30, 2019 3:11 PM
- Posted US transactions go on the Foreign income screen. Under th... on Getting started. October 30, 2019 3:11 PM
- Posted No, capital losses can only be applied to capital gains.... on Investors and rental owners. October 30, 2019 3:11 PM
- Posted So the tax deducted is the clawback but you may also see... on Seniors and students. October 30, 2019 3:09 PM
- Posted Did you receive a T4A(OAS)? Does it show taxes paid? on Seniors and students. October 30, 2019 3:09 PM
- Posted Yes, the taxes are split the same as the income. on Getting started. October 30, 2019 3:08 PM
- Posted Are you doing pension splitting? on Getting started. October 30, 2019 3:08 PM
- Posted As long as CRA sees the gain or loss, they are ok with it... on Self-employed. October 30, 2019 3:07 PM
- Posted You can still group them up. Even do just ONE trade for a... on Self-employed. October 30, 2019 3:07 PM
- Posted No need to report every single item. You can group like s... on Self-employed. October 30, 2019 3:07 PM
October 30, 2019
3:03 PM
When going through the interview say yes to RRSP carry forwards. You can enter them under the RRSP tab as undeducted contributions.
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October 30, 2019
3:03 PM
It looks like you entered the T4A(P) normally as well as entering a T4A box 20.
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October 30, 2019
3:00 PM
You can add them in the Forms method. Click on the "Forms" icon in the top blue toolbar. For loss carry over amounts, click the "Forms explorer" button in the blue toolbar. Search "Loss" and select the loss worksheet. Scroll down to the "Net capital loss" section and enter the c/f amount in the first column.
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October 30, 2019
2:59 PM
Go to the Forms method. The "File" button works from there.
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October 30, 2019
2:58 PM
Enter expenses for the part of the year the business was operating. If it was operating the full year, enter the total for the full year.
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October 30, 2019
2:57 PM
Both - you need to do some research. Insurance documents too.. Take an average.
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October 30, 2019
2:57 PM
First of all, if you started renting in 2017, you will not enter as UCC but as an addition. You will use the fair market value of the property as of the date it changed use. Separate out the land portion if you plan on taking CCA on it. I recommend not taking CCA on a building as it rarely depreciates. If you take CCA and the property goes up in value, you will not only have a capital gain in the year you sell, but also a recapture of the CCA claimed while renting it. The real estate fees, commission and legal fees are included in the CCA purchase price. Enter capital expenses also on the CCA screen when you are taking CCA.
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October 30, 2019
2:53 PM
No, you would have to manually enter half the amounts.
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October 30, 2019
2:53 PM
Instead of trying to delete the T5008 from the Schedule 3, click on "tslips" at the bottom of the page in the forms method. Down the left column, click on T5008. You should be able to edit your entries from here.
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October 30, 2019
2:51 PM
Click on the deductions tab select medical expenses profile. Say yes to medical expenses and click continue. You should see it on the next screen
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