Thank you for choosing TurboTax,  Yes, the  autofill will fill   Home Buyers’ Plan and Lifelong Learning Plan repayment amounts (for the tax year 2018 only). Please visit our TurboTax article on What tax slips can I download through the CRA’s Auto-fill My Return service?  ... View more

Thank you for choosing TurboTax, Please visit the Turbotax website on File past years' taxes to reach the 2015 online TurboTax. If you need any further information, you can reach us on Facebook or Twitter.  ... View more

Thank you for choosing TurboTax, The rules for claiming home office expenses depend heavily on your type of employment: Both self-employed individuals and eligible employees may claim expenses for heat, electricity, water, maintenance, and rent if applicable. Commission employees and the self-employed may also claim property taxes and insurance. Only self-employed taxpayers may claim mortgage interest as a home office expense. If you have maintenance costs that are related exclusively to your home office, you can deduct the entire portion of those expenses.   Please visit the article on Home office expenses for employees and Business-use-of-home expenses  and our TurboTax article on Home Office Deductions for Self-Employed and Employed Taxpayers  ... View more

Thank you for choosing TurboTax,  You can usually expect your refund within two weeks after you successfully NETFILE, but may take longer if your return is selected for a review. For more information on your refund status, please see this CRA link:  Tax Refunds: When to expect your refund .   When you complete a joint return you need to file both returns separately. Once yours has been filed you need to go back and click on your spouse's name and NetFIle their return.   https://turbotax.community.intuit.ca/community/after-you-file-questions/help/how-do-i-find-my-netfil...   How to Check Your Refund Status: Online Use the CRA’s My Account Use the MyCRA   mobile application Call the CRA You can call the CRA’s   Tax Information Phone Service (TIPS)   @ 1-800-267-6999 and select   Telerefund. If you are going to use the CRA’s Telerefund, please be ready to provide them with your: Social Insurance Number (SIN) Month and year of birth Total income entered on line 15000 of your tax return (T1) After you file your income tax return, the CRA strongly suggests that you wait   8 weeks to call them   for an update on the receipt of your return or the status of your refund if you reside in Canada.   Please visit our TurboTax article on How to Check Your Income Tax Refund Status  ... View more

Thank you for choosing TurboTax, As per CRA, y ou cannot have a capital loss when you sell  depreciable property .   You can have a  terminal loss . For more information, go to  Column 6 – Undepreciated capital cost (UCC) after additions and dispositions (column 2 plus column 3... .   However, you can claim terminal loss from your rental income. As per CRA,  you will have a terminal loss when you have no more property in the class at the end of a year, but you still have an amount you have not deducted as   capital cost allowance (CCA). In the year you dispose of your rental property, you can   subtract   this terminal loss from your rental income and, if the loss is more than your rental income, you can create a   rental loss.   Please visit the website of CRA on Selling your rental property and see our TurboTax article on Dos and Don’ts: CCA for Rental Property Explained  to learn more about selling rental properties.   ... View more

Thank you for choosing TurboTax, The Canada Revenue Agency (CRA) lets you make changes to tax returns submitted in any of the previous 10 calendar years. You can make changes to tax returns you have already filed online or by mail. Changes to your tax return are only allowed in certain situations, and you must include supporting documentation with your request.   Please visit our TurboTax article on How to Change a Tax Return and I have filed my tax return. Can I still make changes? to learn how to change your tax return. ... View more

Thank you for choosing TurboTax, If your yoga equipment is a capital expense, you should claim CCA for them, otherwise, you can deduct them as expenses from your self-employed income or your employment income.   You would need to get a T2200 form from your employer if you are an employer or a T2125 form if you are self-employed to claim yoga equipment expenses.   As per CRA, you might acquire a depreciable property, such as a building, furniture, or equipment, to use in your self-employment activities. Since these properties may wear out or become obsolete over time, you can deduct their cost over a period of several years. The deduction is called capital cost allowance (CCA). A current expense is one that generally reoccurs after a short period.    Class 8 (20%) Class 8 with a CCA rate of 20% includes certain property that is not included in another class. Examples are furniture, appliances, and tools costing $500 or more per tool, some fixtures, machinery, outdoor advertising signs, refrigeration equipment, and   other equipment   you use in the business. Photocopiers and electronic communications equipment, such as fax machines and electronic telephone equipment are also included in Class 8.   Please visit the article on Classes of depreciable property to learn more about classes.    For claiming CCA, please follow these steps:   In the upper-right area of TurboTax, select Find. In the Find field, type “self-employment.” From the list of results, select "Professional, Commission and/or other type of business, then select Continue. You will see the T2125 Business Statement.  Complete T2125 Statement and click "continue" Complete Motor Vehicle Part and click "done with vehicles" You will see the "here's your capital cost allowance for your assets" Complete this part properly for your CCA calculations. If you need any further information, you can reach us on Facebook or Twitter.  ... View more

Thank you for choosing TurboTax, As per CRA, the proceeds of disposition are u sually the amount you received or will receive for your property. In most cases, it refers to the sale price of the property. This could also include compensation you received for the property that has been destroyed, expropriated, or stolen.   Please visit our TurboTax article on Proceeds of Disposition  If you need any further information, you can reach us on Facebook or Twitter.  ... View more

Thank you for choosing TurboTax, You can file your tax return from 2015 to 2020 by using Turbotax. Here's a link to prior year TurboTax Software:   https://bit.ly/2GFeN0H   Please visit the website on General income tax and benefit package for 2014 to get the  2014 income tax benefit package.   However, As per CRA,  the NETFILE and ReFILE services are open for the electronic filing of your 2017, 2018, 2019, and 2020 T1 personal income tax and benefit return. The NETFILE and ReFILE services will be open until Friday, January 21, 2022.   For tax returns prior to the 2017 tax year, you will need to print and mail your returns to the CRA. ... View more

Thank you for choosing TurboTax, As per CRA,  The adjusted cost base (ACB) is usually the cost of a property plus any expenses to acquire it, such as commissions and legal fees. You can calculate Capital gain as Proceeds from disposition- Adjusted cost base (ACB- usually the cost of a property plus any expenses to acquire it, such as commissions and legal fees)-Outlays and Expenses (Amounts that you incurred to sell a capital property).   Outlays and Expenses   (Amounts that you incurred to sell a capital property)-The cost of breaking a mortgage   would be part of the 'outlays and expenses' when selling a property. Please visit the article on Reporting the Sale of Your Principal Residence and How do I report the sale of my home (principal residence)?  ... View more