Instructions for T5 and interest not on a slip

• tick the box next to Interest, investment income and carrying charges/interest expenses/CNIL (T3, T5, T4PS, T5008. RC359) in the Investment income and expenses section
• click Next

Interest income

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UFile screen
Under Interview tab
Family Head sub-tab
Interest, investment income and carrying charges topic is highlighted
Investment and interest income and expenses page
T5 - Investment income is highlighted
Interest income not on information slips is highlighted

• click Interest, investment income and carrying charges in the left-side menu

Select the option you clicked:

• T5 slip
• Interest income not on information slips

Instructions for United States social security benefits

• tick the box next to Foreign income or foreign property (T1135) in the Investment income and expenses section
• click Next

Foreign income or foreign property

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UFile screen
Under Interview tab
Family Head sub-tab
Foreign income and property topic is highlighted
Foreign income or foreign property page
Foreign pension income (includes U.S. Social Security benefits) is highlighted

• click Foreign income and property in the left-side menu
• click the + sign next to Foreign pension income (includes U.S. social security benefits)

U.S. Social Security benefits

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UFile screen
Under Interview tab
Family Head sub-tab
U.S. Social Security topic is highlighted
Foreign income - pension page
Country from where you received the foreign income
If the country signed a tax treaty with Canada, a deduction under 20(11) would not be allowed: United States (tax treaty with Canada) is highlighted
Description of the source of the foreign income: U.S. Social Security is highlighted
Exchange rate to apply is highlighted
Type of foreign pension income is highlighted with the following drop-down options:
United States social security benefits (15%)
United States social security benefits (50%)
Other foreign pension benefits
Foreign annuities not eligible for the pension inc. amount
Foreign lump-sum pension benefits
United States IRA
Amount of foreign income received is highlighted

• select United States (tax treaty with Canada) from the Country from where you received the foreign income drop-down menu
• enter U.S. Social Security into the Description of the source of the foreign income field
• enter the applicable rate into the Exchange rate to apply field
• select the applicable Type of foreign pension income from the drop-down menu
• enter the applicable amount into the Amount of foreign income received field
• click Next

Instructions for sale of a principal residence

• tick the box next to Capital gains (or loses) and capital gain history in the Investment income and expenses section
• click Next

Capital gains and ABIL

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UFile screen
Under Interview tab
Family Head sub-tab
Capital gains (or losses) and ABIL topic is highlighted
Capital gains and ABIL page
Personal use property (including the principal residence) is highlighted

• click Capital gains (or losses) and ABIL in the left-side menu
• click the + sign next to Personal use property (Including the principal residence)

Personal use property (sale of a principal residence)

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UFile screen
Under Interview tab
Family Head sub-tab
Personal property topic is highlighted
Personal use property page
Date of acquisition is highlighted
Date of disposition is highlighted
Proceeds of disposition is highlighted
Designation of the property as a principal residence? is highlighted
Yes is highlighted

• enter the matching information into the following fields:
  • Date of acquisition
  • Date of disposition
  • Proceeds of disposition
  • Your percentage share of capital gain/loss recorded here. When a percentage is entered, another question is generated:
    • Do you wish to transfer the remainder to your spouse’s tax return (if applicable)? If you select Yes from the drop-down menu, the software automatically generates the T2091 and Schedule 3 for the spouse only when you are preparing their tax returns together

Ufile tip

There is no need to repeat these steps in the spouse or common-law partner’s profile.

• Select Yes from the Designation of the property as a principal residence? drop-down menu

Ufile tip

Once you select Yes, the tax software generates additional fields below.

Personal use property (sale of a principal residence) continued

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UFile screen
Under Interview tab
Family Head sub-tab
Personal property topic is highlighted
Address of the principal residence section is highlighted
Select the form to use (T2091 or T1255) section is highlighted with the following drop-down options:
T2091 – Designation of a property as a principal residence by an individual
T1255 – Designation of a property as a principal residence by the legal representative of a deceased individual
Select the taxation years period that property was designated as principal residence section
From field is highlighted
To field is highlighted

• complete the required fields under the Address of the principal residence heading
• select T2091 – Designation of a property as a principal residence by an individual from the Select the form to use (T2091 or T1255) drop-down menu
• under the Designation heading, enter the years the property was designated as the individual’s principal residence; the year provided in the From field should correspond with the Date of acquisition

Ufile tip

When entering a year earlier than 1972 into the From field, the tax software automatically defaults the selection back to 1972, because this was the first year the designation was made possible.