![]() ![]() The security they employ for your account is also top-notch. TurboTax is NETFILE-approved, which means they can securely transmit your tax information to the Canada Revenue Agency. If you would rather download the software to your desktop instead of using the online version, desktop download versions are also available. If you are filing more complicated returns, including those with freelance income/home-based business, you can look at their Self-Employed package (15% discount link).įor those who would rather have someone else take care of their tax filing, the TurboTax Assist & Review or Full Service may be worth looking at. The Premier version (15% discount link) targets those looking for additional guidance on investment income and expenses or who have a rental property they have to account for. If you are filing a single return and your tax situation is relatively simple, the Free or Standard online version ( 15% discount link) is probably all you need. As the features/benefits increase, so does the cost. There are multiple tiers of features available depending on what you choose/pay for. Generally speaking, you can choose between the online (web-based) and the PC-installed versions. There is an abundance of other resources on the TurboTax website, including a blog, income tax and refund calculators for all provinces and territories, an expense claim calculator for self-employed individuals, tax tips, and more. It may also not be suitable for more complicated tax situations. However, you will not have access to some premium features, including the ability to transfer your previous tax information and store your return online. With TurboTax Free, you can still use the Auto-Fill my return through CRA, ask questions on AnswerXChange, and expect 100% accuracy. There are online and download versions of TurboTax that you can access free of charge. So, you can download and install it on your Windows or Mac PC, or if you prefer, choose one of the many online versions and access it on the web anywhere using your PC, tablet, or phone. Both online and download options offer varying benefits and features depending on your chosen version. TurboTax is available via the internet (web-based) and can also be downloaded and installed on your personal computer. Support for Multiple Platforms and Devices TurboTax makes the auto-fill my return very easy to accomplish, potentially saving you lots of time.Ħ. Individuals with a CRA My Account can connect their TurboTax account to CRA to automatically populate their tax information already on file. You also get immediate confirmation that your tax return was transmitted successfully.įiling via a paper return means waiting up to 8 weeks for your refund. TurboTax is one of the tax software products certified by the CRA to use the NETFILE system.īy submitting your return directly, you can get your refund much faster – in my case, I received it in 10 days. NETFILE is an electronic tax-filing service that allows you to send your tax return directly to the CRA through the internet. The TurboTax software makes this tax filing a breeze – it takes you through the process step-by-step, showing you only what’s required for your own specific income, benefits, and tax situation. Have you looked at those paper tax forms recently? If you are not an accountant or are not used to figuring out numbers, manually filing a complicated tax return is simply not your idea of an entertaining evening or weekend. SimplicityĪbout 50% of Canadians do not feel comfortable filing their taxes. While the level of support you can access is somewhat dependent on the edition of TurboTax you are using (or purchasing), there is always some level of support available, even for the free version! FILE YOUR TAXES WITH TURBOTAX (15% discount) 3. TurboTax Smartlook TM: an online, on-demand service that connects Canadian tax filers to live, personalized tax advice from qualified tax experts.An online community where you can ask and receive answers from experts and other customers.Support available to tax filers includes: The availability of multiple forms of support is one area that makes TurboTax stand out. If there are any errors due to using their software and they lead to CRA penalties, TurboTax will reimburse the penalty plus interest. ![]() They also guarantee 100% accuracy and that there will be no errors. TurboTax guarantees that when you use their tax software, you’ll get the maximum refund possible. Not surprising, as nobody wants to give the government more of their hard-earned money if they don’t have to! Individuals who prepare their own tax returns often fear that they may be missing out on eligible deductions and tax credits, ultimately cheating themselves out of refunds. If you are wondering about your choice of tax software for processing your tax return this year, here are some reasons to consider choosing TurboTax: 1.
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