Hi, thank you for using TurboTax Live Community First year corporation filers can electronically file their corporation tax return. The Canada Revenue Agency encourages electronic filing of the T2. Hope this helps ... View more

Hi, thank you for using Intuit turbotax Live Community Your gross income from rental is the actual amount you received from your tenant(s). You report all rental income on Canada Revenue Agency (CRA) form T776. After you report your income on the T776 there is a section to report the associated expenses. There is a row for interest expense in the expense section of the T776. Hope this helps  ... View more

Hi, thank you for using Intuit turbotax Live Community No Turbotax product has the T2061 ,(for emigrants), available for online filing. From what I can see, the CRA has not set up this form for online filing through tax software. Hope this helps  ... View more

Hi, thank you for using Intuit Turbotax Live Community The 2019 version of Turbotax business incorporated can now be purchased for download at the following link: https://turbotax.intuit.ca/business-tax-software/catalogue.jsp   Prior year returns for Turbotax business incorporated can be purchased for download at: https://turbotax.intuit.ca/tax-software/prior-year-taxes.jsp   Note: the 2019 version of turbotax requires windows 8 or higher since Microsoft is no longer supplying updates to windows 7 in January 2020 Hope this helps   ... View more

Hi, thank you for using Intuit Turbotax Live Community You should review the notice of assessment (NofA). Although filing a notice of objection is always an option there may be other remedies.  The notice of assessment has an explanation section describing changes to the return. The Canada Revenue Agency (CRA) may need more documentation to validate a claim or disallowed a claim in error.  After reviewing the NofA you can contact CRA to discuss their assessment. Some issues can be resolved by filing an adjustment or supplying the documentation CRA needs to substantiate a claim. Generally CRA is more than happy to adjust issues where a valid claim is rejected.   A notice of Objection can be filed if the above steps fail. CRA and a taxpayer may disagree about an interpretation of the tax code. In that case a notice of objection can be filed to have the claim reviewed. Hope this helps ... View more

Hi, thank you for using Intuit TurboTax Live Community This is actually a complex financial planning question. It depends on your income and the dollar value of the medical expense. You may want to discuss your options with the institution that administers the RRSP.   Just to mention , the RRSP has to be converted before the end of the year you turn 71. A couple of options are available. There is a great CRA link: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/rrsp-options-when-you-turn-71.html Review the link and discuss options with your financial institution Hope this helps     ... View more

Hi, thank you for using Intuit turbotax Live Community If a student was in attendance at full time post secondary education for more than 13 weeks in the year they would not be eligible for the Working income tax benefit. So in this scenario there is no tax owing but there is Canada pension plan (CPP) contributions owing, (line 421 of the T1). The Working income tax benefit (WITB), Line 453 of the T1, covers this balance until the T2202A information is entered. Once greater than 3 months of full time education is entered, the person is no longer eligible for the WITB). This then results in a balance owing. See this CRA link for details: https://www.canada.ca/en/revenue-agency/services/child-family-benefits/witb-eligibility.html   Hope this helps   ... View more

Hi, thank you for using Intuit turbotax Live Community I will try to get more precise information. There is not a place to purchase the TurboTax business Incorporated for 2019. I find out when it will be available to purchase. I will get back to this post when I have more information   ... View more

Hi, thank you for using Intuit turbotax Live Community TurboTax Business incorporated 2019.1.0 will  allow year ends up to May.31. 2020. This new version, 2019.1.0 is targeted for release late November or early December. TurboTax Business Incorporated 2019.5.0 will extend the year end for this version to October 31/ 2020. So, for year ends up to October  31/2019 the 2018.5.0 can be used. For year ends after this after this you will need to purchase the 2019 version of TurboTax Business Incorporated. Hope this helps   ... View more

Hi, thank you for using Intuit turbotax Live Community The amount on line 434 of the Quebec TP1 is calculated on the TP1 schedule I. TurboTax, in addition to entries for dependant(s), would prompt for entries on: 1) RL 30 2) RL 24 and 3) Entries for prior year line 275 income: These three entries are required for TurboTax to calculate the amount for line 434 of the TP1. If I were to guess, 3) is likely the issue needed to match Ministry of Revenue(MRQ). But, review entries for all three. Hope this helps ... View more