It also handles non-resident returns, which most of the other software providers do not. A tax expert with an average of 10 years of experience will collect all your documentation virtually, prepare your income tax return, and submit it on your behalf.
Overall, the flexibility, ease-of-use, fantastic features, and affordable pricing of TurboTax make it a winner in our books. Read our TurboTax review for all the info. The pricing is also excellent, allowing you to choose from three tiers. If you opt for Expert Review, you can have a tax expert review your return before you file to further improve your refund or decrease what you owe. Wealthsimple Tax also has a smart search and tutorial mode, which helps you determine which forms apply to your tax situation.
If you have a straightforward return and are looking for a free online tax software with plenty of features but no upsells, Wealthsimple Tax is an excellent choice. Learn more about Wealthsimple Tax! There are five important components to consider: CRA Certification, cost, security, features, and add-ons. There are currently 11 online products and 13 desktop products certified by the CRA in Canada. Some online tax return software is completely free, while others offer pricing tiers.
These tiers usually include a free version for students and low-income earners, a mid-range version for simple returns, and a more expensive version for Canadians who need additional functionality e. While all online tax return software will allow you to file your income tax return online, some have additional features that streamline the filing process. Some of these features, like auto-importing information from the CRA, reduces the time it takes to file your taxes.
Other features make filing your taxes more straightforward in the future, such as offering an express notice of assessment and storing your returns for future use.
Some online tax return software sell extra add-ons like having your return reviewed by a real-life tax professional, audit protection, and last will and testament planning. These add-ons come at an additional cost, and you can choose them at the end of the tax filing process.
You can also file previous tax years back to , but returns for tax years earlier than must be done on paper. Each online tax software service has strengths and weaknesses, so the best tax return software in Canada really depends on your personal preferences.
The only way to determine which software works best for you is to try them out for yourself! Just a few minutes of reading could save you some serious dough. I am about starting tax preparation practice for clients. Which version software will serve my purpose best? Highly recommended. Someone mentioned there needs to be a list of offline tax softwares.
GenuTax is the only good one after StudioTax which was also offline. All others are online. I purchased the unlimited license for FutureTax this year. I had tested the software and found it easy to move through. You need to know more about tax preparation using this software than UFile or TurboTax. The software appears to work well but there are issues with the pension splitting.
I had run returns for a couple in UFile for a client and then ran it in FutureTax. When I contacted UFile, their responses were almost rude…three or four word replies. FutureTax rep dismissed my information, telling me I was wrong. I questioned this response because it was April and I know that UFile was up to date.
You get what you pay for and, at first glance, the software appears to be a great deal. As a tax preparer, it can also cost you your reputation. In fact, it has cost me because I have had to double check every return I have completed for my clients.
Ensure that both federal and provincial tax forms are included and, provided you meet CRA eligibility rules for electronic filing, your tax preparation package supports e-filing. When combined with direct deposit, you may see your refund, if you are entitled to one, in approximately eight business days. I love it and recommend it to everyone.
Northern living benefits and capital gains are simple. When you start a new year, your personal information is brought forward form the previous year, a big time saver. If you are setup with revenue Canada the software can auto load your information slips, great feature.
Your personal information stays with you. I can not comment on their support as I have never needed it. I recommend GenuTax without reservation. I tried it this year and was actually greatly disappointed. I was very disappointed. Definitely it was the last year I was using ufile. No possibility to get a new password. No answer to my emails.
Spent twice two hours on the phone to talk to someone. Somebody was supposed to get in touch with me. I saw similar messages on the community site with no answer from Ufile.
Are they still in business? UFile is still in business. If you having trouble logging in, I suggest reaching out again to their customer support.
You could also tweet them on Twitter — that often works. Which one of these programs would work best for a non-resident Canadian living in the USA resident with income canada-based and us based? Hi Heather, the tax software platforms are pretty robust these days so TurboTax should do the trick. I started with TurboTax. Gave up when it refused to believe I was a non-resident with a non-Canadian spouse.
Previous tax returns prepared by an accounting firm using TaxPrep. Not e-filed but filed in hard copy. Now that my financial affairs are much simpler I can prepare my own.
Which of these programs allows me to import from the electronic version of my tax return which I have on my MacPro? Hi David, TurboTax Free runs in your web browser, so any device — including your mobile phone — with a current web browser will work.
Just remember though, that some forms might not all be in the CRA yet, depending on when you start your return, so make sure you double check that the downloaded forms are the ones you expected. Apparently Simple tax was bought out by Wealthsimple this year?
Which software is compatible with Mac computers? Also which ones have a pension splitting? Hi Jacquie, these tax solutions are web-based now and completely compatible with both Mac and Windows computers. I have been using UFile since I used to find it very straight-forward even when I had more complicated issues, but in the last couple of years I was not as happy with it.
It keeps getting more expensive every year. I might try Studio Tax this year. I too have been using UFile since I have investments and rental income. I continue to be happy with them but I typically do not need support. I pay for the software in December when it is discounted.
I do see that the Windows version is the same price at the cheapest level. See how different RRSP contribution amounts can increase your tax refund. Or lower your tax owing. TurboTax can help you figure out how to optimize pension splitting so you can save more on your tax return. Did you know that there are over deductions available for you to possibly claim? More deductions mean a bigger tax return, and we hunt for every single one you qualify for.
If you used TurboTax last year, you can transfer that tax data into TurboTax. Doing this saves you from manually entering in information, which helps improve the accuracy of your return. We check your return for any money-costing errors or money-saving opportunities. Or pay the lowest amount possible. Have professional representation ready in case you're audited by the CRA.
Available for personal and business returns, you're connected with a tax pro who deals with the CRA on your behalf. If you get e-slips from your employer, RRSP provider or epost, you can automatically enter that info directly into your return. Our participating partners include epost. This tax software is free to use. It works on Windows computers and you need to download and install the program to get started. Similar to the other tax software on this list, you can use GenuTax to file for the tax years as well as previous years up to It works for simple and complex taxes and can handle capital gains, rental property income, and small business taxes.
For assistance or questions about your filing, you can send an email to [email protected]. It offers an online web-based version, a desktop installation file for Windows, and a free version for eligible filers.
Cost : UFile has a basic free option. This Canadian-made tax software is newer and you can access it using your computer or smartphone. CloudTax offers a free version for simple tax returns.
To use the software, you will need to download the. You can also download the mobile app from the App Store and Google Play. While the interface for StudioTax looks dated, it is well-rated by users. You can access Youtube tutorials and the support section of the website if you have questions about your tax filing.
Security : The software does not connect to the internet except when you update it. Available in : All provinces and territories in Canada. The Mac version does not support the Quebec TP-1 return. When you file your taxes online using tax software that has been approved by the CRA, you can automatically and accurately complete some sections of your return using the Auto-fill my Return tool. The software program provides guidance on what to do and how to maximize your refund.
It also does all the calculations. After completing your return and filing it, you get quick access to your notice of assessment and if you are set up for direct deposit, your refund is generally processed within 2 weeks.
Individuals with a complex tax situation or corporation tax returns may benefit from using an accountant vs. A CPA is more familiar with tax planning and tax laws and they may be able to save you money over time. In addition to free tax software , some tax filers are eligible to file their taxes with the CRA for free.
File My Return: If you are eligible for this service, the CRA will send you an invitation letter containing information on how to proceed. They are available to low and moderate-income Canadians who have simple tax returns. You can find a free tax clinic in your area here. Income Assistance-Volunteer Program : This free program is available in Quebec and is offered to Canadians with simple tax situations and a modest family income. Here are some TFSA investment options.
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