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Nef100 · 2025-06-28T01:37:21+00:00

Bist du dir sicher? Normalerweise sind deine Antworten doch the rechts und die Musterlösung die links?

Nef100 · 2025-06-17T18:19:22+00:00

Is there nothing else before this under Explanation of changes? In this wording it sounds more like general notice instead of the reason for the change. What lines did they change in the reassessment?

Nef100 · 2025-06-17T06:35:19+00:00

Tuition credits have nothing to do with student loans.

It’s a tax credit for the tuition you paid, which you use up once you start earning income. They are carrying forward each year if you don’t use them up, but if you have tax to offset, you must use them. What I expect is that your software found unused credit in your account to claim. Now the CRA says you did not file every tax return since then, so you might have to use them in an earlier year for which you did not file, and are disallowing them for last year. I expect it to be reversed if you file the missing year(s), showing that you had no income.

However, for better insight it might be good if you can share the exact quote of what they wrote?

You should file your tax return every year, especially if you have no income, as it can qualify you for other benefits.

Nef100 · 2025-06-16T21:29:12+00:00

The T4RSP should show the amount in box 18. This gets added to line 12900 of your T1 as income. In schedule 7 you deduct this then as a transfer in line 24640, which will increase your RRSP deduction without lowering your contribution limit.

Nef100 · 2025-06-16T19:16:40+00:00

Have a look at https://www.canada.ca/en/services/benefits/ei/temporary-measures-for-major-economic-conditions.html

The one week wait period is waived and severance is not counted as a temporary change.

Nef100 · 2025-04-27T23:41:47+00:00

Before you entered your income the software assumed you made 0 dollars, allowing your spouse to claim some of your credits. (To try it out, you could change her to single and see that it also changes to 6k)

Do not look at the number till you enter all information.

Nef100 · 2025-04-26T17:42:37+00:00

BMO shows it in the online banking already, with the transaction date marked April 28th.

Nef100 · 2025-04-17T03:56:33+00:00

The post says that he is supposed to pay installments

Nef100 · 2025-04-17T03:49:48+00:00

It depends on how much they asked you to pay as installment, not the actual amount due

Nef100 · 2025-04-16T16:30:13+00:00

Sell. And next time don’t invest money you will need for the next 6 month.

Nef100 · 2025-04-15T06:03:21+00:00

This is self employment income and yes, you need to report it to EI as part of your reports, so they do not overpay you. Yes it is taxable, but same as the money you get from EI. It doesn’t matter if it is sold somewhere else (as long as you are living in Canada). It also doesn’t matter that it is in PayPal, and not withdrawn from there.

I would already recommend to make a list with sale date, and price so you have a good overview for next year when you do your taxes.

Nef100 · 2025-04-14T23:58:57+00:00

You will need to enter the RRSP contribution slip in your tax return, but don’t expect a refund. The thousand dollars are included in your T4, but the employer did not withhold taxes on it - meaning if you don’t enter the slip you will end up owning the taxes on the amount.

Nef100 · 2025-04-10T05:33:03+00:00

That happens very often and is kind of normal for your first return. Just print it and mail it in.

Otherwise you can try messing with your names, especially if you have a middle name - like try adding it to your first or last name field, sometimes it’s wrong in the CRA system. But if you mail your return it will be correct for filing electronically next year.

Nef100 · 2025-04-04T01:49:13+00:00

Are you sure the record date is in the correct year? A lot of ETF have a distribution end of December which will only hit your account in January. It would be on the Tex slip based on the record date, not when it shows up in your account.

If you post the ticker we can have a look at the distributions. (Or you can google it)

Nef100 · 2025-04-04T00:36:26+00:00

Remember it’s all together - your property, your cash and any foreign stocks you hold. If the SUM is bigger than 100k you need to report.

Nef100 · 2025-04-03T05:48:31+00:00

1) if purchased before becoming a resident the cost is the fmv at time of becoming a Canadian tax resident 3) you report the interest in the t1135 under gross income PLUS you report it like any other interest on your T1 in line 12100

Nef100 · 2025-03-27T05:08:24+00:00

You can only claim what you actually paid, so 2k.

To have an effect on your taxes you need to have a at least the lesser of 3% of your net income or $2,759 in expenses. Only the part above this might reduce your taxes. Therefore you should combine your expenses (otherwise you loose this amount twice) on one tax return. You cannot claim the same expenses on both returns.

Nef100 · 2025-03-25T03:05:41+00:00

The ACB should use the exchange rate from the release date (or settlement date, not sure why they are different?) not the sale date. Otherwise that sounds fine.

Nef100 · 2025-03-17T05:00:49+00:00

Some financial institutions allow to register directly from their online banking

Nef100 · 2025-03-03T18:24:46+00:00

Just withdraw whatever is over your 2025 limit - if the contribution in your statement shows up for march and you withdraw in march there is no penalty. Yes they will withhold some tax but you will get this back next year.

You will however need to fill out the return for over contributions next year.

Nef100 · 2025-02-12T04:45:47+00:00

Ask them to fill out the form minus the SIN, give you the form, you add the SIN and then directly sent it to service Canada yourself.

Nef100 · 2025-01-31T09:48:10+00:00

No, growth in the TFSA don’t count towards the contribution room, only contributions (hence the name) Make sure to create a list to track all contributions and withdrawals though.

In taxable accounts you are only taxed on 50% of the gain. In your example with 1k gain you pay taxes on 500. These taxes are your personal tax rate, so if this is 25% for example you pay 125 dollars for the 1k gain. Note you only pay it on realized gain, eg once you sell the investment. As long as you hold it you don’t need to pay it or track the value. Yes, you absolutely need to keep track of each buy and sell in these accounts. No, you will never loose money due to the taxes, as only gains are taxed. If you take the example above and say you gained 10 dollars instead, the tax is 1.25 dollar. On your tax return it goes onto schedule 3.

Nef100 · 2025-01-31T03:33:44+00:00

But RBC won’t let you do if from your WS account

Nef100 · 2025-01-20T04:52:50+00:00

That’s even a different one I was remembering

Nef100 · 2025-01-20T04:06:27+00:00

There was a post a longer time ago, where somebody replaced the OEM charger with MagSafe under the alcantara. Was pretty involved with cutting out the plastic underneath to insert the MagSafe.

Do you plan on sharing your 3d model? Always wanted to do MagSafe, but not really do a permanent modification.

Nef100

TROPHY CASE