ProFile English Canada

How do I claim UCC for one spouse and not claim for another spouse when both equally own a rental?

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Stub period year end is June 30th (30 day stub period)  2021-06-01 to 2021-06-30Amalgamation date for CRA is always one day later (July 01)   I have check box "Final year before Amalgamation"Error message is year start date cannot precede amalgamation date.  How do I get this to efile?

I downloaded the latest update for ProFile, but for some reason it wiped out ALL, and I mean ALL of my defaults. It wiped out all of my preparer info along with my EFILE password, it wiped out Auditor warning defaults, everything. I had to go through the Options menu and toggle things on and off just get Profile to behave like it used to. Now I'm trying to eFile a 2019 return, and I get the following error:  Unable to get response from the Government Agency. Please try again laterCRA T1 EFILE service failed at returnCode=302 I've updated my eFile code & password to my latest one and I've enabled the EFILE service in the "Eletronic Filing Options" menu. I'm sure it has to do with the latest ProFile update, because I successfully eFiled 2016, 2017, 2018, 2019 & 2020 returns less than 30 days ago, pre-update. Any and all help is greatly appreciated. Thank you, Eric

Are you aware of any problems with this form 

I tried to print a T5018 slip for my client and got a message saying "The printing of pre-printed forms is currently unavailable...".  I have never set any of my forms to "Pre-printed Form" and have not used pre-printed forms in over 20 years. When I looked under Slips Print Setup, I discovered that all of the forms' Copy 1 are set to "pre-printed form".  When I selected the form to change this, no options were available under "Form Type" (the text is greyed out and the down arrow does not provide any options). I then tried selecting another slip type (under Slips Print Setup) and any time I selected a slip type (Copy 3/4 or Slip Notes for example), the form type changes to "Pre-printed Form" with no ability to change the "Form Type". Now when I go to print the slips I get the following error: Unhandled exception has occurred in a component in your application.  If you click Continue, the application will ignore this error and attempt to continue.&nbs

After I updated Profile, all the  Module Options (i.e., General, Data Locking, etc.), as well as the “File Template” box become blank! I loaded a previous “Option Package”, but to no avail. I manually checked all the appropriate boxes for all the years (i.e., 2008-2021-VERY time consuming process), created a new option package and saved it. Just several minutes later all the boxes are again blank. Has anyone else experienced this kind of issue? Any solutions? Thanks

can I still purchase spousal RRSPs once I am over 70?

I have searched the FX and I cannot find this form. There is a late filling fee associated with this form but no way to file it?

When populating the T1 Planning Module by copying the T1, if there was AMT payable in the T1 that is copied, the amount of AMT from that period will be imported into the Planning Module as if an election to use the AMT carryforward has been made, even if in the period being explored there is AMT payable again.  This automatic populating of the Planning Module with the prior period AMT carryforward has the effect of causing the Provincial Tax AMT amount to be incorrectly calculated.  Until this automatic populating of the elected s.120.2(1) amount is corrected, users will need to be careful to ensure the elected amount is a nil amount if in the planning period under consideration there is AMT that needs to be calculated.

The new release (2021.1.0) has had significant issues when reporting investment income on the T2. The most significant issue we have found is that the program is taking the General tax reduction (line 638 on the T2) for CCPCs on investment income...Which is obviously wrong. This can be manually overridden, but the difference is 13% on taxable investment income, which is no small issue. I haven't found anyone else online with this issue. Is it just our firm? It has occurred on two separate desktops that were updated. We have a third that has not been updated and is still on 2021.0.5. This issue is not occurring there.

Im looking into tax project management software like TaxDome and Ifirm. Is there a particular productivity software that works with ProFile

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I would appreciate some advice om preparing a T2 return. I only do 1 corporation which is not active. In previous years under assets code 1743 accumulated depreciation had been claimed. The assets were written off at cost and schedule 8 cleared. I cannot indicate a zero amount on line 1743 of schedule 100. The assets are gone and if I do not put an amount in on line 1743 I can't balance and if I do put an amount in on line 1743 they request an amount on line 1742. This makes no sense to me so I would appreciate somebody smarter than I to give a solution. Last year I just ignored line 1742 and entered same amount on line 1743 from previous year and paper filed.

Is GIFI code 2590 correct to use for Deposit funds to clients Trust account  and  GIFI code 3470 for Trust liability account in T2 return of a Law corporation? 

The diagnosis from profile say: " CRA cannot accept the return transmitted at time time because the tax year end date is after the transmission date. For assistance, contact CRA's Corporation Internet filing Helpdesk at 1-800-959-2803" when I am preparing the tax return for the fiscal year end June 30, 2021. Why is that? Can you help me to solve this problem? 

Have the following questions with regards to Schedule 7 for Adjusted Aggregative Investment Income (on a T2): - Will Profile be removing the "If this is your first year starting after 2018, complete the following portion" for 2020 and subsequent year T2 files?- Will Profile carryforward the Adjusted Aggregative Investment Income amounts from a 2019 T2 into the 2020 T2? Based upon the most recent update (2020.3.5) these issues have not been addressed.  Thank you.

Hello,We have many clients with complex T1135's. The numbers may change but the names of property do not. Is there a way to roll-forward T1135 information so we can save time not entering in details each year? Thank you, O&A

hi I have a situation for my clientclient lived in AB from 1998 till now. The house in CGY was family's principal residence all this yearsThe family moved to Vancouver and owns a condo which was rented from 2019 to 2020But fully occupied by the family in 2021.Since the son lives and works in Calgary ( 32 years old- not a child) they don't want to sell that property.But want to declare this condo in Vancouver as their principal residence from 2021 and going forward and CGY house deemed to be soldHow do I go about and get this done. These are the research I have doneone optionFile form T2091 in 2021 tax year and declared deemed to be sold and get the full exemption taking the FMV and here after it will be for personal useAny gains received until it is actually sold will be reported in that yearAnd condo in Vancouver also deemed to be sold ( taking the ACB and FMV) from rentals to personal useFile tax return as BC residentOr I have to file any election 45 (2) with the tax return- tha

It displays as a warning in the auditor along with EFILE error #1003 I did try to Sign-off but is not working 

Hello, Using Profile T1 (2020.0.0), trying to carry-forward files from 2011, 2012, 2013, but keep getting error "Abstract Error" (see attached screenshot). Haven't tried other years, so don't know if this carry-forward error is for all OR selected years Need assistance. Thanks.

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I get error message when installing Profile: "the installation of Microsoft Visual c ++ 2013 redistributable package (x86) appears to have failed"

Profile will not connect to docusign.  It had been connected before but somehow will no longer connect.  I have tried changing my password and it still won't connect.  It takes me to a blank screen when I try and log into intuit.  It gives me this message when I make an attempt.

I have a T4PS with a loss in box 34 and nothing in box 38. I am getting an error that says box 38 must not exceed box 34 but it clearly does. Is this just a glitch?