Forms and Slips: How to report T5008 slip? Answer:
Note
The basic procedure is still applicable to Version 2020 and later. However, the number for each field is changed to a 5-digit format from the ...
Forms and Slips: How to report field 55080 (or 5508)? Answer:
Field 55080 (5508 before 2019) is HBP repayment income. It is a supporting field for field 12900 of T1. It is used when you need ...
Forms and Slips: How to overwrite field 367 of schedule 1? Answer: For married couple, only one person can claim the eligible child amount at field 367 of Schedule 1.
First, decide who will claim the child amount ...
Forms and Slips: How to carry forward RRSP to the future? Answer: Since tax year 2013, you can enter the amount for RRSP deduction into line 13 on page 2 of Schedule 7. You may need to ...
NetFile and EFile: Why the computer freezes when I efile? Answer: Most computers today have firewall software or anti-virus software installed to prevent virus or hacker attack. myTaxExpress EFILE goes through Internet. You need to find ...
Common: Where to find industry code? Answer:
Industry code is a 6-digit code.Please check this link and find a code related to the business activity
Stats Canada Website Linkorhttp://www.mytaxexpress.com/NAICS-2015.html
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Forms and Slips: Where to find field 6378 for NS return? Answer: Field 6378 is on page 3 of NS tax form. You need to select if there is a graduate retention rebate or not.
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Forms and Slips: Where to enter the rent paid in the tax year? Answer: For the Ontario tax return, rent payment is entered on page 1 of form ON-BEN (Version 2019 and prior), or page 2 of ON-BEN (Version ...
Forms and Slips: What's a SFD statement ? Answer: SFD means Selected Financial Data. In T1 tax return, self-employment income and a few tax forms are SFD. They are:
form T2125, Business/Professional Income
form T2042, Farming ...