Canada Tax Software Software Can Accommodate

SimpleTax can also handle self-employment and investment income, something not all free software can accommodate.

Almost all tax software companies now offer free versions of their product, while a number of free cloud-based applications have emerged in recent years.

But with so many choices, how do you know which tax return software is best for you.

In the coming months, Ill write in-depth reviews of the best programs included here, but well start with this general overview, just in time for the tax season.

Thankfully, most tax software programs these days provide a relatively seamless experience, by implementing calculators and other tools designed to maximize your tax savings, and your time.

Before we take a look at whats available, heres a list of top features that will make filing your taxes a breeze.

NETFILE is a secure way to send your return directly to the CRA as soon as its completed.

If you have to pay tax to the CRA, then you can choose to pay the balance owing when you file, or at a later date.

The deadline to pay any income tax owing is April 30th every year.

After all, the added features often result in tax savings over and above what you pay to complete your return.

For example, you may be filing returns for more than one person, like a spouse, or an adult child.

If their tax situation is very simple, a free version of the software will be perfectly suitable and save you money.

It helps you to see how things are progressing as you go, making for a more transparent process.

Auto-fill pulls your tax information from CRA, and imports data from your previous years return, assuming you used the same software.

Its a big time-saver, reducing the amount of information you need to manually input on your return.

Depending on when you do your taxes, you may decide to top up your RRSP for additional tax savings prior to the March 2nd contribution deadline.

It can also help you plan ahead for next years RRSP contribution.

In this mini-review, Im placing the emphasis on free tax return software, while including many of the features and pricing of the paid versions.

What I like about the free version of the software is that there is no maximum income limit.

Its available to filers at all income levels who dont require the enhanced features offered by the paid versions.

For an additional fee, their audit defence ensures that your return is reviewed by a professional, and support if you are audited by CRA.

Canada Tax Software Free Is That

One downside to TurboTax Free is that it does not allow you to import the previous years tax information into your return, youll need a paid version to do that.

What I like about SimpleTax is that they include functionality for free, that other software programs only include in their paid versions.

This includes a maximum refund optimizer, and Auto-fill, which allows you to import information from your previous years tax return.

Free Canada Tax Software For Mac