Hello, I am new to this forum. I have a loss to claim on the T5008. Does this affect anything? I do not have ANY capital gains, simply T4 to file. Does this affect my return? do I get some money back? I have conflicting info. Do I only get a deduction if I had capital gains? so this loss without any...
Mar 27th, 2022 3:13 pm
Hey guys, I did my taxes for 2021 the other day, I bring it to a store that does it for me. I totally forgot about a medical expense totaling about $6000 that happened on April 2021. I think this would make a bit of a difference. Called the store and they said they can resubmit with the medical expe...
Mar 24th, 2022 5:20 pm
Last year I tried Bitcoin and Wealthsimple generated a document titled "2021 Crypto Realized Gains and Losses". Does anyone have experiences with filing tax for crypto transactions? I couldn't figure out how to do it in Turbotax 2021. Thanks in advance.
Mar 6th, 2022 6:31 pm
I file taxes in Turbotax and Autofill entered T5 for US stock. All amounts there in USD. I entered Foreign Source country as US. Should I also convert and change (rewrite) all USD amounts into CDN ones as per BoC annual rate?
Mar 3rd, 2022 4:14 pm
I'm not well versed in doing my own taxes now at least, before, yes as it was just an RRSP and a T4. Now I have the whole home business thing I'm not sure how to go about it, unless it's easier than I think. However, the person I usually get to do my taxes charges $175 for the personal and business ...
Mar 1st, 2022 10:33 am
Anyone filed on paper last year and still waiting to receive their 2021 filing package in the mail? CRA says You will receive your package by February 21, 2022 but I and Mrs Kiraly still haven't received ours. Meanwhile, the package I ordered for my daughter ...
Mar 1st, 2022 8:35 am
For those who prepare their T2 filing by themselves, Turbotax Business Incorporated T2 2021 is being sold for $119.99 at SDM online. Local stores may have it in stock. Regular price is $249.99, and Costco online is selling it for $229.99. ...
Jan 29th, 2022 6:24 pm
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Jan 21st, 2022 4:34 pm
Hey guys I was looking to get an answer for good cheap software that can help with Federal corporation Ontario home office address.I found that FuturTax offer the lowest fee but I can't see an option for federal jurisdiction any other suggestions please that support federal?Thanks
Dec 29th, 2021 1:25 pm
Does anyone file a complaint on BBB before? I submitted one last night but didn’t receive any confirmation email. I also couldn’t find a section on their website to see all my submitted complaints.Is this normal?
Oct 20th, 2021 9:47 am
Even though CRA clearly mentioned that there will be no late filing penalty, they still went ahead and charged me penalty plus interest amount. When I protested, the CRA rep told me to pay first and ask questions later ....... So, does anyone here have ...
Oct 9th, 2021 7:07 pm
Hello amazing people of Red Flag Deals, I have our separation agreement and financial disclosure signed by our lawyers and I just need to file it online. I also have the court address that applies to us. I do not know the exact procedure of which website to use or where to upload the documents. I am...
Oct 9th, 2021 10:38 am
Is filing HST rebate for rental property straight forward for someone who never filed themself before? My lawyer charges $400. if it's manageable, I would look into filing myself and save on this. Or is it worth just getting lawyer to do it, and claim the fee for tax deduction?
Sep 15th, 2021 5:05 pm
My lawyer is asking for $790+HST to file the GST/HST New Residential Rental Property Rebate. Seems awfully high. I paid a lot less in the past but my accountant has now retired. Any referrals for someone cheaper in the GTA?
Aug 31st, 2021 2:45 pm
My landlord's address for both his driver's license AND corporation (rent receipts under his corporation) is the same as where I rent, but does not live at this address. Can I legally enter my LTB forms and documentation with this legal address or must I get his address where he resides?
Aug 13th, 2021 7:20 pm
I worked two different jobs in 2020 but not at the same time, i started filing my tax return online and saw that i owe close to $2,000 and i am not sure how that is possible. What happens if you don’t file and you owe CRA money? Thanks
May 8th, 2021 11:36 pm
OK I have a noob question regarding what dollar amounts I enter into medical expenses, for prescription medications, covered by work insurance. Let's say the total cost of a med (which I believe is the same as the "claimed" amount on my insurance statement) is $35 ($25 plus $10 dispensing ...
Apr 29th, 2021 11:15 pm
Hi,I incorporated a holding company last year and made about 150k in it. I wonder how do i go about filing the income tax on my own without using one accountant?Thanks
Apr 14th, 2021 1:27 pm
I recently contacted CanadaPost and asked if they can send me a total of the GST/HST I paid to them at the end of this year - they said they cannot, that I have to go through each item myself and calculate the hst manually - so I'm thinking of copying and pasting into Excel. For those involved in e-...
Apr 10th, 2021 12:18 pm
Hi everyone, question to rental properties owners in US. I am filing US tax form 1040NR . Last year I couldn't find any software to help me with this task, so I had to do it all manually in pdf using tax tables. Anyone has suggestions on where to look? ...
Apr 1st, 2021 12:47 pm