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- Got Cheered for Re: Why is it saying the amount in my EI maternity benefits is exceeding the amount in box 14 whe.... June 1, 2020 9:32 PM
- Got Cheered for Re: Why am I unable to adjust the claim period for medical expenses to start before 01/01/2019. E.... May 19, 2020 12:50 PM
- Got Cheered for Re: The PDF file saved only print DUPLICATE DO NOT SEND BY MAIL. I can see the forms are filled i.... May 18, 2020 12:58 PM
- Got Cheered for Re: Filing Taxes for Flight School (T11B) for 2018 and 2019. May 4, 2020 3:20 PM
- Got Cheered for Re: Do I have to input in my taxes that my partner claimed my income? And if so, where?. May 4, 2020 9:45 AM
- Posted Re: Can I claim a repayment of disability income from my insurance company? on Getting started. April 30, 2020 5:03 PM
- Posted Re: How can my CPP be overpaid by $26,000.00 asccording to your input? on Seniors and students. April 30, 2020 4:38 PM
- Posted Re: Filing Taxes for Flight School (T11B) for 2018 and 2019 on Troubleshooting. April 30, 2020 4:14 PM
- Posted Re: T5 ,T3 and capital gains on Getting started. April 30, 2020 3:42 PM
- Posted Re: My mother is living wit me since February 2019 on a Super Visa (an extended version of visito... on After you file. April 30, 2020 3:35 PM
- Posted Re: You may or may not have received T5008 slips for all the... on Getting started. April 30, 2020 3:20 PM
- Posted Re: HBP repayment ? on Investors and rental owners. April 30, 2020 3:12 PM
- Posted Re: S3supp T5008 section is full. I used CRA autofill. The bottom line says from other slips. How... on Getting started. April 30, 2020 2:49 PM
- Posted Re: Do I have to input in my taxes that my partner claimed my income? And if so, where? on Self-employed. April 30, 2020 2:42 PM
- Posted Re: My wife she does not live in Canada how do i fill all these staff on Investors and rental owners. April 30, 2020 2:30 PM
- Posted Re: I pay my daughter to work at airbnb rental, is she my partner? Thank you on Investors and rental owners. April 30, 2020 2:15 PM
- Posted Re: Refund on Review Charges on Troubleshooting. April 30, 2020 1:02 PM
- Posted Re: File my son's(univ stud) TT. Income <$11k. Bought TT fr Costco. Ended up Netfile $0? Recei... on Getting started. April 30, 2020 10:55 AM
- Posted Re: The system can't verify the daycare fees that I paid to school.the identification number of t... on Credits and deductions. April 30, 2020 10:10 AM
- Posted Re: Im trying to do my 2019 taxes, I got thru all the forms to only notice it says file for 2018 ... on Filing. April 30, 2020 9:59 AM
April 30, 2020
5:03 PM
If you had received a long term or a short term disability insurance that was not taxable > premium was paid by you and you did not include it in the income > then you cannot deduct this repayment amount because it goes back to your plan.
If you had received a long term or a short term disability insurance as benefits from your employer that was taxable > premium was paid by you and your employer or your employer only and you included it in the income because you have received a Tax Slip> then you can deduct this repayment amount > include it as other deductions in line 25600.
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April 30, 2020
4:38 PM
Please check your T4 slips > Box 24 and 26 cannot be zeros.
Your CPP pensionable earnings are reported in Box 26 > if you have zeros in this box, you will get back the whole amount you paid in Box16.
Aso check Box 28 > you should not answer yes to exempt CPP or EI
Make sure that you have reported the proper CPP amount in Box 16 for all the T4 slips.
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April 30, 2020
4:14 PM
1 Cheer
No. You cannot combine your T2202 slips for multiple years under one return.
- You have to refile your 2018 tax return with the T2202 form that tax year and calculate the carry forward tuition amount
- Report T2202 from 2019 only in the 2019 return. In another screen, you will be able to enter the carry forward amount from 2018 (after you adjust your 2018 return)
- You need to wait for your NOA (Notice Of Assessment) before you can do any changes to your 2018 return:
If you filed using Netfile > you can change the information in TurboTax and refile the return
If you mailed the return > it will be easier to do the change in your CRA account "My Account"
- WITB is for Canadian resident and you have to report a minimum of $3000 earned net income and not be a full-time student even if you don't want to file your T2202.
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April 30, 2020
3:42 PM
You have to enter the net capital losses carry forward in your return to be able to apply against our capital gain:
Enter your Net capital losses and the amount you wish to apply as shown in the following example from TurboTax Desktop:
The software will calculate how much available in every year and how much you can claim.
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April 30, 2020
3:35 PM
No. You can only claim the resident parents as dependants. But because she has a super visa, she is considered a visitor.
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-30400-amount-eligible-dependant/you-claim-amount-eligible-dependant.html
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April 30, 2020
3:20 PM
Since you are carrying back losses, you will not be able to change your return from your "My Account" either. This link was a sublink in the one i sent you before:
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/change-your-return.html
You will have to submit a T1-Adjustment with the changed schedules by mail:
T1-Adj:
https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t1-adj.html
Mail to CRA at:
https://www.canada.ca/en/revenue-agency/corporate/contact-information/where-mail-your-paper-t1-return.html
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April 30, 2020
3:12 PM
If you withdrew an amount from your RRSP under the HBP > in your T4RSP slip > report this amount in Box 27.
If you are making a designated payment for a prior HBP > report it under your RRSP profile. You will have to have a contribution to your RRSP in 2019 or the first 60 days of 2020 to be able to pay your HBP.
I am not sure what else you are reporting in your Return > there are credits that can only be applied federally (eg. tuition amount in some provinces) and have been eliminated in others. Some credits give you more refunds back federally than provincially. We need more information from you to be able to help you.
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April 30, 2020
2:49 PM
You might have more than 30 T5008 slips > there is a limit in TurboTax on how many T5008 slips you can import through AFR > 30 is the maximum.
You need to check the amount with the portfolio you got from your financial broker > if you have more than 30, you can add more in the Forms mode or you can combine them under one slip ( add al boxes 20 and add all boxes 21)
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April 30, 2020
2:42 PM
1 Cheer
Nothing would have changed.
Every taxpayer can claim a spousal amount for his/her partner less the partner's net income:
So he was able to claim the spousal amount ($12,069) - $10,000 = $2,069 > the higher your net income, the less he can claim.
You will be able to claim $12069 - his net income on your return > if he has a net income higher than $12,069 you will not be able to claim anything
If you file together > the software does the calculation automatically for you.
If you file separate > you will have to manually input the ner income of your partner in your tax return to be able to calculate to the eligible spousal amount.
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April 30, 2020
2:30 PM
You should report your wife's world income before and after arriving in Canada > you report the Canadian income and the foreign income > CRA requires this information to determine the eligibility for certain credits and benefits:
Enter her world income until June 2019 including the foreign income.
Enter the income after the date of entry even if it was from a foreign source > so if after arriving in Canada if she was still receiving income from a foreign country she will have to report it under the foreign income profile when she gets her SIN number to file the return.
Their net income for 2019 (line 23600 of their 2019 Federal tax return)
income in Canada even if she was still receiving funds from a foreign country that was not from employment (interests, pension)
Their net income while you were living outside of Canada,
Income from January to June. (her income even prior to marriage)
Is your spouse's net income zero?
Yes or No depends on how you answered the first question
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