Please see this TurboTax FAQ to learn how you can report the sale of your Principal Residence: How do I report the sale of my home (principal residence)?   If you require further assistance please contact our phone support team or contact us directly on Facebook or Twitter.   Thank you for using TurboTax. ... View more

Yes, you can try out different scenarios using TurboTax. Not thing is sent to the CRA unless you choose to NETFILE the return.     If you require further assistance please contact our phone support team or contact us directly on Facebook or Twitter.   Thank you for using TurboTax ... View more

We appreciate you choosing TurboTax,   There is no such things like upper limit for capital gain exemption of   Principal residence.   Your home is still exempt from capital gains taxes if it was your principal residence for the entirety of the time you owned it.  Report the sale details on Schedule 3 of your return. Additionally, you will need to submit formT2091 (IND) for the 2017 tax year and beyond.    Please visit the link provided for further clarifications: TurboTax:   Reporting the Sale of Your Principal Residence   To confirm your understanding, you can always contact CRA by clicking on the link below CRA:   Contact the Canada Revenue Agency   Please contact our phone support team or contact us directly on Facebook or Twitter if you require further assistance. ... View more

We appreciate you choosing TurboTax,   Your question does not specify whether you are self-employed or employed or if you want to claim rental income deductions. However, the following steps and article may help clarify things for you.   If you're fully self-employed and working from home (or an employee who works from home at the request of your employer), there are a number of credits and deductions you may be eligible for. Before you start the process of claiming these amounts, you first need to determine whether you're claiming employment or business-use-of-home expenses. Which category of employment am I, and what forms do I need? If you're   self-employed, record your business-use-of-home expenses on Form   T2125 If you're an   employee   working from home, record your home expenses on Form   T2200 If you're a   salaried or commissioned employee, record your home expenses on Form   T777 If you're a   transportation or trucking employee, record your business expenses on Form   TL2 Do I qualify to claim home office expenses? To qualify for business-use-of-home expenses, you must: Use your home workspace only to earn business income,   or Use it on a regular and ongoing basis to meet your clients, customers, or patients You   can't   have another office at a second location and claim home workspace expenses How do I calculate home office expenses? The easiest way to figure out your claimable home expenses is to determine the amount of space you used for business purposes. For example, if you live in a four-bedroom house and used one of those bedrooms as a home office, you're then eligible to claim 25% of your total property expenses for business purposes. Everything from water to gas to snow removal and cleaning costs may be claimed, but make sure to   keep copies of all receipts   to support your claims. For more information, visit the CRA's webpage on   Home office expenses for employees.   Please visit the link provided for further clarifications: TurboTax:   How do I claim home office expenses?   Please contact our phone support team or contact us directly on Facebook or Twitter if you require further assistance. ... View more

We appreciate you choosing TurboTax,   Following are the steps you need to take to report t he sale of your primary residence: Instructions for TurboTax Online If you’re preparing a single return: Select Find   (or the magnifying glass icon). In the   Find   window, type   principal. Select Principal Residences from the search results, then select Go. On the   Sale of your Principal Residence   step, select   Sale of principal residence   under your name, then   Continue. Enter information related to the sale in the appropriate fields, then select   Continue. On the   Disposition to a spouse or partner   step, answer the question(s), then select   Continue. On the   Designation of a property as a Principal Residence   step, fill out the fields, then select   Continue. On the   Sale of Principal Residence Summary   step, select   Continue. If you and your spouse/partner are preparing your returns together: Select Find   (or the magnifying glass icon). In the   Find   window, type   principal. Select Principal Residences from the search results, then select Go. On the   Sale of your Principal Residence   step, select   Sale of principal residence   under the name of whoever owned or co-owned the property, then   Continue. Answer the question on the   Who disposed of the property?   step, then select   Continue. On the   Sale of your Principal Residence   step, enter information related to the sale in the appropriate fields, then select   Continue. If both you and your partner co-owned the property, skip this step and go to step 8. If only one of you owned the property, on the   Disposition to a spouse or partner   step that appears, answer the question(s), then select   Continue. On the   Designation of a property as a Principal Residence   step, fill out the fields, then select   Continue. If you and your partner co-owned the property for the same amount of time or if only one of you co-owned the property, skip this step and go to step 10. If you and your spouse/partner co-owned the property for different lengths of time, after the   Designation of a property as a Principal Residence   step reappears with questions for your partner, fill out the fields, then select   Continue. On the   Sale of Principal Residence Summary   step, select   Continue.   Please visit the link provided for further clarifications: TurboTax:   How do I report the sale of my home (principal residence)?   Please contact our phone support team or contact us directly on Facebook or Twitter if you require further assistance. ... View more

We appreciate you choosing TurboTax,   Yes it is possible to  transfer last year’s tax information to TurboTax Online  Here’s how to make the transfer: Visit the   TurboTax website. Select   Sign In   from the menu. Select   Continue My 2020 Tax Return.  If you have a TurboTax Online account, sign in. If you don’t have an account, create one and then sign in. On the   Great to see you again!   screen, select   Start a new return. Select   Create a different return. Choose which edition of TurboTax Online you want to use. We recommend   Standard   to start. You can always upgrade later.  On the   How did you do your taxes last year   screen, select   TurboTax CD/Download.  Select   Continue.  On the   Let’s start with last year’s return   screen, select   Choose File.  Find and select your   TurboTax CD/Download file   from the prior year. Enter your SIN number. Select   Continue.  If you need to make changes, check the appropriate box(es).  When you’re done, check the last box to continue. Select the return(s) you want to transfer, or select   I want to transfer all information and prepare our returns together   to choose multiple returns.  Select   Continue   twice.  You’re now ready to prepare your tax return with the current year information.   Please visit the links provided for further clarifications: TurboTax:   How do I transfer my TurboTax files to a different computer? TurboTax:   How do I transfer last year’s tax information from TurboTax CD/Download to TurboTax Online?   Please contact our phone support team or contact us directly on Facebook or Twitter if you require further assistance. ... View more

We appreciate you choosing TurboTax,   As per CRA, you can deduct any reasonable expenses you incur to earn rental income. The two basic types of expenses are   current expenses   and   capital expenses. For more information on what we consider a current or capital expense, go to   Current expenses or capital expenses. Some expenses you incur are not deductible. For more information, go to   Rental expenses you cannot deduct. If you are modifying a building to accommodate persons with disabilities, buying an older building, or encounter other situations, go to   Capital expenses – Special situations. The following is a list of expenses that are deductible: Advertising Insurance Interest and bank charges Office expenses Professional fees (includes legal and accounting fees) Management and administration fees Repairs and maintenance Salaries, wages, and benefits (including employer's contributions) Property taxes Travel Utilities Motor vehicle expenses Other rental expenses Prepaid expenses   Please visit the links provided for further clarifications: CRA:   Rental expenses you can deduct TurboTax:   Claiming Expenses on Rental Properties     Please contact our phone support team or contact us directly on Facebook or Twitter if you require further assistance. ... View more

We appreciate you choosing TurboTax,   TurboTax is available at the following retailers in store or online: Costco Walmart Staples Best Buy Shoppers Drug Mart   (in store purchase) London Drugs   (more editions in store) The Source (in store purchase) Amazon Click   here   for a complete list of stores.   Please visit the link provided for further clarifications: TurboTax:    Where Can I Buy TurboTax?   Please contact our phone support team or contact us directly on Facebook or Twitter if you require further assistance. ... View more

We appreciate you choosing TurboTax,   Having multiple employers means you have multiple T slips, so here are the steps you need to follow.     When you have slips of the same type, each slip is entered into TurboTax individually. As an example, here's how you'd enter two T4 slips: Select   Find*   (or the magnifying glass) from the TurboTax menu. In the   Find   window, type   T4   and select   Go. Select   Add T4. Enter the amounts from your first T4 in the applicable boxes. Scroll to and select   Save and Add Another T4. In the empty T4 slip that opens, enter the amounts from your second T4. Scroll to and select   Save and Continue. It's common to have multiples of other types, such as T5 slips and RRSP contribution statements. The process for entering these is just like entering multiple T4 slips. *If you don't see the   Find   button, you may not have completed the Setting Up/Introduction section of your return. Continue through the Setting Up section until the   Find   button appears.   Please visit the link provided for further clarifications: TurboTax:   I have two slips of the same type. How do I add them?   Please contact our phone support team or contact us directly on Facebook or Twitter if you require further assistance. ... View more

We appreciate you choosing TurboTax,   As per CRA, once you receive benefits as a self-employed person, you’ll continue paying premiums for as long as you’re self-employed.   (It is not clear whether you receive benefits as a self-employed or not.)   If you have not filed your income tax return for the year before you apply for benefits, you’ll have to provide an estimate of your self-employed earnings. This estimate should be as accurate as possible, since your benefit amount will be calculated based on what you provide. We’ll make any necessary adjustments after you file your income tax return.   Please visit the link for further clarifications: CRA:  EI benefits for self-employed people   To assist you further, we need more information. Therefore, please contact our phone support team  or contact us directly on  Facebook  or  Twitter . ... View more