Fantastic, I am so happy for you!
Type: Posts; User: stardancer
Fantastic, I am so happy for you!
Personally, I wouldn't deduct any part of the renovation. Deducting the renovation expenses would interfere with your principal residence exemption when you come to sell your house. I would keep...
Your latest notice of assessment will tell you your maximum contribution/deduction room based on all your years to that point; or go on to My Account at CRA if you have set one up. You cannot carry...
I have never deducted CCA (since 1981), and have in fact, appreciated the building every time we did a major renovation. For 2012, I did a change of use and because no deducted CCA was added back...
If they ever do go back into business and you actually get money from those stocks, you would then report the $$ as a capital gain with 0 ACB.
Done; hope it worked; the counter seemed to go up by 1
Box 16 would show the total amount withdrawn for the year; box 24 would show the excess amount.
That's correct. If it were a loss, the selling commission would increase the loss.
It doesn't matter if you bought when the cap gain exemption was different; what counts is when you sell it, whatever the exemption is then. I keep track of the ACB of funds/stocks on a spreadsheet;...
I have that fund and actually received my T3 early. TD Asset Management sends it out, so call them. They do have until 31 March to send it out, so maybe I was at the top of the mailing list. In...
Thank you for the comment. I forgot to mention earlier that I post as stardancer
When I had TD move my stuff from TDW to TD Financial Planning, there was nothing to report as it was in-kind and within the same institution.
Employee stock options can be complicated; check with your hr department; see http://www.cra-arc.gc.ca/ebci/cjcm/srch/bscSrch?lang=en&bscSrch=employee+stock+options
Yes. CRA might question the partnership at some point, in which case you could just fax them a copy of the agreement. Whenever I can, I put "split with XXXX" on schedule 4.
Unfortunately not. If you don't use the full amount of tuition/education credits to reduce the taxable income to zero, CRA will do it automatically when processing the return. CRA would look at the...