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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
4:05 PM
Tony is correct. If you have low income, your tuition credits will be carried forward to another year when you earn more. You have not lost any credits. They are still waiting for you to use later.
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October 30, 2019
4:05 PM
You have to split them manually.
Once you have one S3 done, click the edit button and select "forms" then "copy transfer form" then "copy". this will make an exact duplicate for the other spouse.
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October 30, 2019
3:30 PM
Enter the total income and deduct the fees as office expense.
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October 30, 2019
3:12 PM
Please click on the deduction tab and select "students". Select tuition transfer. Leave the check in the box for transfer and click continue. Enter zero in the next boxes.
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October 30, 2019
3:12 PM
Yes. If you are doing it for tax planning you can make an exact duplicate of your current return and play with that. For online, go the tools menu and select return manager. There is a copy button under your file. Hit copy... Note, you will not be able to print anything from this file. If you wish to do an adjustment, use the original file so you can print out any schedules that are modified. For the Desktop/CD version, go into the forms method and select the "File" > save as> It will give you the exact same name with (1) behind it. You can play with this without changing the info in the original file.
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October 30, 2019
3:12 PM
What province are you in? Ontario discontinued some tuition credits earned after Sept 4th of 2017.
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October 30, 2019
3:12 PM
Energy costs are for people living on a reserve as they do not pay property taxes. Property tax is property tax and only that.
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October 30, 2019
3:11 PM
Yes, you can claim the mortgage interest on your home as long as you are running your microfit business. You have to reduce the CCA on the panels/installation to the amount required to take the fit income to zero and not below. To know how much CCA to take, enter zero on the CCA summary and check your income. Then add the total remaining income as CCA provided it is lower than the actual CCA. (You can claim CCA up to the original amount) You can not create a business loss as long as you have CCA. Taking the mortgage interest as an expenses increases how long you will have CCA to claim. (ie any expenses reduces your CCA claim)
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October 30, 2019
3:11 PM
US transactions go on the Foreign income screen. Under the income tab, select Foreign income under Tslips. Enter as a gain or loss here
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