Posted on: 15-03-11 00:42:33
Quote:
Originally posted by sudesingh
Quote:
Originally posted by Ash20
Quote:
Originally posted by pokiri
I want to use turbo tax online free edition. I had a simple return with just my T4 and rent paid to land lord. Not sure whether turbotax free edition considers my rent paid in Ontario. Anyone used turbo tax free edition and included rent paid (not rental income) in ontario?
Unless you are working from home office or self-emplyed, you can't deduct any portion of the rent paid.
ON does give you rent / property tax credit even if you're employed full-time i.e. with a T4, although there is a gross pay limit upto which you get the credit. For 2010 use the form ONBEN
If you're self-employed or working from home you can show the rent / property tax as an expense
Thanks SS for the information. Good for you guys.
Quote:
Originally posted by Ash20
Quote:
Originally posted by sudesingh
Quote:
Originally posted by Ash20
Quote:
Originally posted by pokiri
I want to use turbo tax online free edition. I had a simple return with just my T4 and rent paid to land lord. Not sure whether turbotax free edition considers my rent paid in Ontario. Anyone used turbo tax free edition and included rent paid (not rental income) in ontario?
Unless you are working from home office or self-emplyed, you can't deduct any portion of the rent paid.
ON does give you rent / property tax credit even if you're employed full-time i.e. with a T4, although there is a gross pay limit upto which you get the credit. For 2010 use the form ONBEN
If you're self-employed or working from home you can show the rent / property tax as an expense
Thanks SS for the information. Good for you guys.
Can I use Turbo tax if I am filing for the first time as I am a new comer ?
Can I file electronically or should it done my mail ?
Quote:
Originally posted by 5seven77
Can I use Turbo tax if I am filing for the first time as I am a new comer ?
Can I file electronically or should it done my mail ?
Yes, you can use Turbo Tax or any other software for 1st time filing.
As a 1st time filer, you cannot use Netfile, you'd have mail in your return. Expect to hear back from CRA in about 2 months.
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SS
Reiki Grand Master
I filed my taxes lastweek using turbotax basic. Its free. Once all info is entered thru screen navigations, turbotax will create a .tax file and a PDF file. If you have an access code from CRA, you can do Netfile by logging into CRA website and attach your .tax file. If you don't have an access code(filing first time), Just print the PDF and send it to CRA.
Quote:
Originally posted by sudesingh
Quote:
Originally posted by 5seven77
Can I use Turbo tax if I am filing for the first time as I am a new comer ?
Can I file electronically or should it done my mail ?
Yes, you can use Turbo Tax or any other software for 1st time filing.
As a 1st time filer, you cannot use Netfile, you'd have mail in your return. Expect to hear back from CRA in about 2 months.
Thanks SS
What are the restrictions ? I have some shares that I purchased (and sold) - does this software allow this??
Quote:
Originally posted by pokiri
I filed my taxes lastweek using turbotax basic. Its free. Once all info is entered thru screen navigations, turbotax will create a .tax file and a PDF file. If you have an access code from CRA, you can do Netfile by logging into CRA website and attach your .tax file. If you don't have an access code(filing first time), Just print the PDF and send it to CRA.
