# Tax Topics **URL:** https://www.protaxcommunity.com/c/tax/19.md [Latest](https://www.protaxcommunity.com/latest.md) · [Categories](https://www.protaxcommunity.com/categories.md) · [Tags](https://www.protaxcommunity.com/tags.md) --- ## [About the Tax Topics category](https://www.protaxcommunity.com/t/about-the-tax-topics-category/1204)
**Author:** [@Elizabeth](https://www.protaxcommunity.com/u/Elizabeth)\ **Replies:** 6\ **Last updated:** [August 30, 2025, 2:19am UTC](https://www.protaxcommunity.com/t/about-the-tax-topics-category/1204 "2025-08-30T02:19:05Z")
Use this category to discuss tax topics, whether software-related or not. --- ## [ERROR: REP 72 - CRA's Latest Update](https://www.protaxcommunity.com/t/error-rep-72-cras-latest-update/13007)
**Author:** [@GuyWhoPlaysGolf](https://www.protaxcommunity.com/u/GuyWhoPlaysGolf)\ **Replies:** 5\ **Last updated:** [October 22, 2026, 4:14am UTC](https://www.protaxcommunity.com/t/error-rep-72-cras-latest-update/13007 "2026-10-22T04:14:29Z")
As usual whenever there’s a maintenance update from the CRA, there always has to be an issue, that too on a Monday. I normally view the list of clients who’ve received NoAs or Reassessments to as to check their files. I… --- ## [Hair salon - chair rental](https://www.protaxcommunity.com/t/hair-salon-chair-rental/12991)
**Author:** [@dongminkun](https://www.protaxcommunity.com/u/dongminkun)\ **Replies:** 1\ **Last updated:** [October 16, 2026, 7:26pm UTC](https://www.protaxcommunity.com/t/hair-salon-chair-rental/12991 "2026-10-16T19:26:06Z")
My client operates a hair salon and also earns monthly rental income from renting out a chair on ongoing basis, which accounts for only10% of total revenue. The client provides only the chair, with no additional services… --- ## [Enter Group ID in Rep a client](https://www.protaxcommunity.com/t/enter-group-id-in-rep-a-client/12986)
**Author:** [@neal](https://www.protaxcommunity.com/u/neal)\ **Replies:** 0\ **Last updated:** [October 14, 2026, 7:32pm UTC](https://www.protaxcommunity.com/t/enter-group-id-in-rep-a-client/12986 "2026-10-14T19:32:49Z")
Trying to enter Group ID with T1 client open in Rep a Client. I can find where for T2 clients, not for T1. I created Group ID so as to add staff for access. --- ## [TFSA contribution Room](https://www.protaxcommunity.com/t/tfsa-contribution-room/12980)
**Author:** [@taxeswise888](https://www.protaxcommunity.com/u/taxeswise888)\ **Replies:** 2\ **Last updated:** [October 13, 2026, 4:25pm UTC](https://www.protaxcommunity.com/t/tfsa-contribution-room/12980 "2026-10-13T16:25:17Z")
I have filed for Tax Returns since 2013, but I just realized that for 2013-2019, they did not give me the TFSA room although I was the Resident for tax purposes in all of those years? Anyone have knowledge about this? I … --- ## [B.C. manufacturing and processing investment tax credit](https://www.protaxcommunity.com/t/b-c-manufacturing-and-processing-investment-tax-credit/12979)
**Author:** [@suncoastcpa](https://www.protaxcommunity.com/u/suncoastcpa)\ **Replies:** 1\ **Last updated:** [October 10, 2026, 1:38pm UTC](https://www.protaxcommunity.com/t/b-c-manufacturing-and-processing-investment-tax-credit/12979 "2026-10-10T13:38:12Z")
Which form do I need to use to claim B.C. manufacturing and processing investment tax credit? --- ## [Charity voluntary revocation](https://www.protaxcommunity.com/t/charity-voluntary-revocation/12921)
**Author:** [@pardnme](https://www.protaxcommunity.com/u/pardnme)\ **Replies:** 6\ **Last updated:** [October 7, 2026, 10:34am UTC](https://www.protaxcommunity.com/t/charity-voluntary-revocation/12921 "2026-10-07T10:34:53Z")
Need some support with charity wind down. Client is looking to shut down the RR - year end is December 31. Client wants to file the normal return for this year (2026) but then shut down in Q1 - 2027. Does anybody have… --- ## [Up Load client DTC](https://www.protaxcommunity.com/t/up-load-client-dtc/12603)
**Author:** [@robent](https://www.protaxcommunity.com/u/robent)\ **Replies:** 23\ **Last updated:** [September 29, 2026, 7:36pm UTC](https://www.protaxcommunity.com/t/up-load-client-dtc/12603 "2026-09-29T19:36:14Z")
I was blind sided today attempting to upload a T2201 on Rep Client portal. Response was … no longer available after 14 Jul2026 in REP Client. CRA acceptance now restricted to mail in or MyAccount (personal) initial fo… --- ## [Sale of Holdco shares](https://www.protaxcommunity.com/t/sale-of-holdco-shares/12883)
**Author:** [@dongminkun](https://www.protaxcommunity.com/u/dongminkun)\ **Replies:** 1\ **Last updated:** [September 25, 2026, 11:24am UTC](https://www.protaxcommunity.com/t/sale-of-holdco-shares/12883 "2026-09-25T11:24:23Z")
If a Holdco’s sole asset is shares of an Opco, and the Opco holds 60% Canadian operating assets and 40% passive investments, would the Opco shares qualify as eligible assets for QSBC purposes at the Holdco level, since m… --- ## [Current CRA processing times on S89s and Estate files?](https://www.protaxcommunity.com/t/current-cra-processing-times-on-s89s-and-estate-files/12871)
**Author:** [@SmallBizGuy](https://www.protaxcommunity.com/u/SmallBizGuy)\ **Replies:** 3\ **Last updated:** [September 22, 2026, 12:56am UTC](https://www.protaxcommunity.com/t/current-cra-processing-times-on-s89s-and-estate-files/12871 "2026-09-22T00:56:18Z")
Does anyone have recent experience in timing with CRA on processing Sch 89 requests for CapDivs and (separately, obviously) on T3/Trustee creation or changes filed electronically? --- ## [RAC transfer in RP account - no longer immediate?](https://www.protaxcommunity.com/t/rac-transfer-in-rp-account-no-longer-immediate/12854)
**Author:** [@SmallBizGuy](https://www.protaxcommunity.com/u/SmallBizGuy)\ **Replies:** 3\ **Last updated:** [September 17, 2026, 12:17am UTC](https://www.protaxcommunity.com/t/rac-transfer-in-rp-account-no-longer-immediate/12854 "2026-09-17T00:17:43Z")
Seems to me that we used to be able to process a transfer online on RAC to move money around in a corporate client account (ie from RC to RT or current year to arrears) and the transaction occurred right away, with inter… --- ## [Bonusing out taxable income from a passive income corporation](https://www.protaxcommunity.com/t/bonusing-out-taxable-income-from-a-passive-income-corporation/12847)
**Author:** [@derek.b64](https://www.protaxcommunity.com/u/derek.b64)\ **Replies:** 7\ **Last updated:** [September 14, 2026, 5:30pm UTC](https://www.protaxcommunity.com/t/bonusing-out-taxable-income-from-a-passive-income-corporation/12847 "2026-09-14T17:30:00Z")
Hi Everyone I’m just trying to get some feedback on a certain situation. I have a corporate client with rental operations that has two shareholders. Every year, bonuses would be declared of equal value to eliminate the … --- ## [Debt Forgiveness Rules on GST](https://www.protaxcommunity.com/t/debt-forgiveness-rules-on-gst/12848)
**Author:** [@max](https://www.protaxcommunity.com/u/max)\ **Replies:** 0\ **Last updated:** [September 9, 2026, 8:26pm UTC](https://www.protaxcommunity.com/t/debt-forgiveness-rules-on-gst/12848 "2026-09-09T20:26:22Z")
The CRA is forgiving GST owed by a corporation. Looking over S80(1) of the ITA, the debt forgiveness rules relate to commercial debt obligations, which I believe does not apply to GST. Interest was payable on the balance… --- ## [QR code on remittance form](https://www.protaxcommunity.com/t/qr-code-on-remittance-form/12713)
**Author:** [@harnettcpa](https://www.protaxcommunity.com/u/harnettcpa)\ **Replies:** 1\ **Last updated:** [August 13, 2026, 12:17am UTC](https://www.protaxcommunity.com/t/qr-code-on-remittance-form/12713 "2026-08-13T00:17:59Z")
Trying to understand the purpose of the QR code on the remittance form. We know it’s for making a payment at Canada Post but we have had 2 of our clients scan the code and a completely different person’s information come… --- ## [Deceased Client...all assets joint or rollover](https://www.protaxcommunity.com/t/deceased-client-all-assets-joint-or-rollover/12604)
**Author:** [@SmallBizGuy](https://www.protaxcommunity.com/u/SmallBizGuy)\ **Replies:** 46\ **Last updated:** [July 28, 2026, 5:14pm UTC](https://www.protaxcommunity.com/t/deceased-client-all-assets-joint-or-rollover/12604 "2026-07-28T17:14:15Z")
I have a client who was killed in an accident last year and whose assets consisted only of home (PRE), cash, RRIF, TFSA and an Alberta PS pension which continues to his spouse. I’ve filed a terminal return. All the non-r… --- ## [Corporation set up on Ontario business registry only](https://www.protaxcommunity.com/t/corporation-set-up-on-ontario-business-registry-only/12600)
**Author:** [@Versa](https://www.protaxcommunity.com/u/Versa)\ **Replies:** 7\ **Last updated:** [July 24, 2026, 10:58pm UTC](https://www.protaxcommunity.com/t/corporation-set-up-on-ontario-business-registry-only/12600 "2026-07-24T22:58:35Z")
Hello, I wonder if anyone else has experienced this. A client decides to incorporate a new business (in this case it’s a holding company) directly on the Ontario Business Registry (OBR) online. It generates a corporati… --- ## [Interest on a loan from a corporation to a third party individual](https://www.protaxcommunity.com/t/interest-on-a-loan-from-a-corporation-to-a-third-party-individual/12586)
**Author:** [@dongminkun](https://www.protaxcommunity.com/u/dongminkun)\ **Replies:** 1\ **Last updated:** [July 18, 2026, 10:31am UTC](https://www.protaxcommunity.com/t/interest-on-a-loan-from-a-corporation-to-a-third-party-individual/12586 "2026-07-18T10:31:00Z")
I understand that there would be no T5 requirement if an individual pays interest to another individual. What if a resident individual pays interest to a corporation? Does the individual technically have to issue a T5 to… --- ## [Estate return](https://www.protaxcommunity.com/t/estate-return/12562)
**Author:** [@dongminkun](https://www.protaxcommunity.com/u/dongminkun)\ **Replies:** 5\ **Last updated:** [July 8, 2026, 8:02pm UTC](https://www.protaxcommunity.com/t/estate-return/12562 "2026-07-08T20:02:16Z")
Hello, it would be great if anyone can confirm my understanding about the following scenario: A dies on June 1, 2025 (Cost=$500,000, FMV=$1M). Under the will, the rental property is to be transferred to A’s spouse. The … --- ## [Review Season](https://www.protaxcommunity.com/t/review-season/12524)
**Author:** [@Arliss](https://www.protaxcommunity.com/u/Arliss)\ **Replies:** 18\ **Last updated:** [July 8, 2026, 4:20pm UTC](https://www.protaxcommunity.com/t/review-season/12524 "2026-07-08T16:20:42Z")
Just a heads up I had a number of review letters I just discovered starting a week or so ago. I had no notification of such I just happened to click on mail to discover them. --- ## [I received a T5 for an estate trust acct, now what](https://www.protaxcommunity.com/t/i-received-a-t5-for-an-estate-trust-acct-now-what/12565)
**Author:** [@infg20](https://www.protaxcommunity.com/u/infg20)\ **Replies:** 1\ **Last updated:** [July 8, 2026, 12:13am UTC](https://www.protaxcommunity.com/t/i-received-a-t5-for-an-estate-trust-acct-now-what/12565 "2026-07-08T00:13:15Z")
The T5 is for The Estate Of John D L Trust Acct, with Executor’s name and address. But the final recipient is under 21 and not to receive the money until 21 yrs old, who file a return for this T5? --- ## [I received a T5 for an estate trust acct,](https://www.protaxcommunity.com/t/i-received-a-t5-for-an-estate-trust-acct/12566)
**Author:** [@infg20](https://www.protaxcommunity.com/u/infg20)\ **Replies:** 0\ **Last updated:** [July 7, 2026, 5:20pm UTC](https://www.protaxcommunity.com/t/i-received-a-t5-for-an-estate-trust-acct/12566 "2026-07-07T17:20:37Z")
I am trying to find out who files a return for following. The T5 is for The Estate Of John D L Trust Acct, with Executor’s name and address. But the final recipient is under 21 and not to receive the money until 21 yrs … --- ## [Canadian Stock Options and Foreign Subsidiaries](https://www.protaxcommunity.com/t/canadian-stock-options-and-foreign-subsidiaries/12564)
**Author:** [@d\_holmes](https://www.protaxcommunity.com/u/d_holmes)\ **Replies:** 0\ **Last updated:** [July 7, 2026, 3:55pm UTC](https://www.protaxcommunity.com/t/canadian-stock-options-and-foreign-subsidiaries/12564 "2026-07-07T15:55:59Z")
CanCo is a Canadian Company that has shares traded on the TSX. USCo is its wholly owned US Subsidiary. Person A was working with CanCo as a US-based contractor. They were awarded stock options in CanCo during this engag… --- ## [Accounting for butterfly and section 85 rollover](https://www.protaxcommunity.com/t/accounting-for-butterfly-and-section-85-rollover/12535)
**Author:** [@laurie](https://www.protaxcommunity.com/u/laurie)\ **Replies:** 5\ **Last updated:** [June 30, 2026, 5:18pm UTC](https://www.protaxcommunity.com/t/accounting-for-butterfly-and-section-85-rollover/12535 "2026-06-30T17:18:41Z")
Hello all. I have a somewhat complicated situation and I want to ensure I am doing this correctly. Client divorced her husband who had a company (OriginalCo) with a large investment portfolio that originally had shareh… --- ## [Federal Corp in AB jurisdiction](https://www.protaxcommunity.com/t/federal-corp-in-ab-jurisdiction/12526)
**Author:** [@dawna777](https://www.protaxcommunity.com/u/dawna777)\ **Replies:** 7\ **Last updated:** [June 28, 2026, 8:46pm UTC](https://www.protaxcommunity.com/t/federal-corp-in-ab-jurisdiction/12526 "2026-06-28T20:46:02Z")
New Client When using TaxCycle, i have entered the BN (confirmed to be Federally incorporated) and the jurisdiction as AB. TaxCycle is asking for AB Corp access number and SIC. I believe these are non-applicable. Do … --- ## [Dividend Refund of Connected Corporation](https://www.protaxcommunity.com/t/dividend-refund-of-connected-corporation/12527)
**Author:** [@dawna777](https://www.protaxcommunity.com/u/dawna777)\ **Replies:** 4\ **Last updated:** [June 26, 2026, 3:43pm UTC](https://www.protaxcommunity.com/t/dividend-refund-of-connected-corporation/12527 "2026-06-26T15:43:52Z")
Re: Sch3, Col 260 I am working on a Holdco which received a dividend from Opco. The dividend is $488k with generated NERDTOH of $171k. Holdco share of dividend refund $26k Opco did not claim a dividend refund on thei… --- ## [CRA and useless phone calls to confirm letters?](https://www.protaxcommunity.com/t/cra-and-useless-phone-calls-to-confirm-letters/12520)
**Author:** [@SmallBizGuy](https://www.protaxcommunity.com/u/SmallBizGuy)\ **Replies:** 11\ **Last updated:** [June 25, 2026, 11:20pm UTC](https://www.protaxcommunity.com/t/cra-and-useless-phone-calls-to-confirm-letters/12520 "2026-06-25T23:20:09Z")
Just wondering if any are seeing the same thing…CRA calling to advise that “they’re sending a letter” or call to see “if you’ve received our letter”? Not sure why, but it seems to be a “thing” now. Not sure if they’re g… --- ## [Previous accountant forgot to deal with CEBA repayment!](https://www.protaxcommunity.com/t/previous-accountant-forgot-to-deal-with-ceba-repayment/12501)
**Author:** [@SmallBizGuy](https://www.protaxcommunity.com/u/SmallBizGuy)\ **Replies:** 2\ **Last updated:** [June 22, 2026, 7:41pm UTC](https://www.protaxcommunity.com/t/previous-accountant-forgot-to-deal-with-ceba-repayment/12501 "2026-06-22T19:41:56Z")
Sigh…new client T2. Reviewed books…CEBA was repaid by taking an LOC (refinance essentially) but client DID get the $20K forgiveness. Problem: prior accountant did not clear the forgiven part on the last T2 or in the GL! … --- ## [Deducting your accounting fees on a T1 return?](https://www.protaxcommunity.com/t/deducting-your-accounting-fees-on-a-t1-return/12486)
**Author:** [@Easyzen](https://www.protaxcommunity.com/u/Easyzen)\ **Replies:** 29\ **Last updated:** [June 17, 2026, 9:17pm UTC](https://www.protaxcommunity.com/t/deducting-your-accounting-fees-on-a-t1-return/12486 "2026-06-17T21:17:26Z")
I’m curious to hear how other Canadian practitioners do this: When preparing T1 returns with investment portfolios (T3s, T5s, capital gains/losses), what is your firm’s standard practice for claiming T1 prep(accounting) … --- ## [Capital gains on sale of publicly listed shares showing up on NR4 slip for a non-resident](https://www.protaxcommunity.com/t/capital-gains-on-sale-of-publicly-listed-shares-showing-up-on-nr4-slip-for-a-non-resident/12499)
**Author:** [@rpeters](https://www.protaxcommunity.com/u/rpeters)\ **Replies:** 1\ **Last updated:** [June 17, 2026, 1:17pm UTC](https://www.protaxcommunity.com/t/capital-gains-on-sale-of-publicly-listed-shares-showing-up-on-nr4-slip-for-a-non-resident/12499 "2026-06-17T13:17:19Z")
I have a trust which disposed of some publicly listed shares (with no business in Canadian real property/Canadian resources) during the year for a capital gain. The trust has 3 beneficiaries. Each receives 1/3 of income … --- ## [T2 Adjustment Return-Original filed by another accountant](https://www.protaxcommunity.com/t/t2-adjustment-return-original-filed-by-another-accountant/12488)
**Author:** [@mazhar](https://www.protaxcommunity.com/u/mazhar)\ **Replies:** 3\ **Last updated:** [June 13, 2026, 3:41pm UTC](https://www.protaxcommunity.com/t/t2-adjustment-return-original-filed-by-another-accountant/12488 "2026-06-13T15:41:20Z")
I have a question that if someone has experience in filing an amendment of T2 where originally it was filed by another accountant. I got the information in CRA account but the numbers filed were wrong. Any suggestion or… [Next page](https://www.protaxcommunity.com/c/tax/19.md?page=1)