Intuit is targeting tech-savvy to year-olds for SnapTax. By the way, Mr. For the tax year, Intuit is also adding some hand-holding to electronic tax filing. If you don't mind filing online, there are about 20 other options. I haven't tested all the various choices, but my sense in hearing from users is that they all get the job done for you in more or less the same way.
The main differentiator has up until now been how much online guidance they provide as you work your way through your tax return.
Now, there's also the level of support provided to users to set the competitors apart. The free advice offer also allows TurboTax to go up against the store-front tax preparers who sprout up at this time of year to serve people who don't feel they can complete their own tax return.
Free tax advice in no way replaces the services of an accountant, though. Cates said. Figures from the Canada Revenue Agency show that UFile is designed to prepare just about any tax return. However, if yours is a complex tax return and you feel that you do not have sufficient expertise, it may be wise to consult a professional to guide you. This being said, the general restrictions currently applicable are listed below. You cannot use UFile if:. Then, in the file of the surviving spouse if applicable :.
You should have all the tax documents you would normally need to prepare your tax return manually on paper or with any commercial software. This includes your information slips and all receipts you intend to submit.
If, however, you begin preparing your tax return with UFile, then realize that you are missing certain information, you can always quit and come back later to finish preparing your return. UFile always saves your data as you proceed through its tax preparation sequence. Click here to begin. UFile can be used to prepare all kinds of personal tax returns and has all the forms to support them.
Any kind of self-employment income, be it from farming, fishing, commission, rental or others may be entered in UFile even if you have multiple businesses or properties. Remember, UFile produces returns for all provinces including automatic calculation of provincial tax credits. For a list of all the forms UFile supports, click here. If you will be sending your tax return to the CRA electronically, you normally do not need to provide details.
However, if you will be printing your tax return and sending it in by mail, details will be expected. Therefore, it is up to you to decide whether you prefer to provide the details from the start when preparing your tax file, or wait until the governments ask for them, if ever.
Some taxpayers' returns can be done in just minutes, while more complex returns can take a couple of hours. Fortunately, you don't have to finish your tax return in one single UFile session. You can stop at any time, for any reason, and come back to finish later, either the same day after taking a break, or later in the week after having gathered missing tax information, for instance.
To resume a session, click "Sign In" and enter as a "Returning User. Fraudulent emails can appear to come from anyone. The mere fact that you don't have to find your way through and decipher a large selection of government forms two sets of forms if you are a Quebec resident. All you need to do is keep your tax information handy and answer UFile's questions. No problem. Anything you can do with one application you can also do just as easily with the other.
It is up to you to access the service designed in the language that you prefer to use. Revenue ministries consider that third party filing occurs when a taxpayer prepares his own tax return on one computer, then asks another individual to file it on his behalf. This individual is a third party. UFile is not a third party filing your tax return for you. When using UFile, only you can file your own return, whether you print it and send it in or file it electronically.
Remember that you will not be paying extra to UFile for the privilege of filing electronically since you alone are responsible for filing your tax return and UFile does not act as a third party in any manner. Don't hesitate to let us know. Your complete satisfaction is our goal. Please email feedback ufile. UFile support is provided by email only. Please fill out the form on our Contact us page or, in UFile, use the support assistant found in the Help menu to send us an email. In practically all cases, we will be able to handle your request by email.
However, should the support staff ultimately not be able to do so, they will ask you to provide your phone number and the best time to reach you in order to address your problem by phone. These dependent individuals may be able to transfer certain tax credits e. There is no program to install.
It is compatible with any computer or tablet with an internet connection and browser. If you do not match UFile's definition of a dependant, you will have to create a separate client file with your own username and password and enter your tax information as a distinct family head. UFile is for taxpayers who prepare their own income tax returns, who want to spend less time and money doing it, and who enjoy the convenience of the Internet.
If you prepare your own tax return without the help of a professional tax preparer, and you have Internet access, simply go to UFile ONLINE to prepare your tax return online. You can file it electronically or print it and file it on paper, as you prefer. As a Web-based tax preparation system, UFile ONLINE, provides taxpayers with continual access to their tax information and ensures the security and backup of their data.
UFile is not intended for use by tax professionals or anyone being paid for the service of tax return preparation. UFile has very few restrictions as to the types of returns it can process. See the next question for more information. You already know how to answer questions on a Web site and how to fill out simple electronic forms. That's all there is to using UFile. If you have that covered, then all you need is to have all relevant tax information at hand.
UFile's interview will guide you by presenting questions that you will answer and forms that you will fill in. In a frame located on the left-hand side of the screen, a table of contents will display your customized interview and enable you to recall any question or form and add to or change what you have previously entered.
If you will be preparing the tax returns of family members, keep in mind that each person's tax information must be entered in their respective file. UFile will optimize the family's data to minimize the tax payable and maximize your refund.
In such a case, the affected hours of operation will be posted. Read the questions carefully. If you require assistance, several options are available depending on the nature of your query. If the options above do not prove satisfactory, send an email to UFile. We will provide you with an answer as quickly as we can.
You only pay when you are ready to file. You only pay if you are completely satisfied and wish to print your return or file it electronically.
If you are not satisfied, you can end the process and leave the site at any time, no strings attached. If your income exceeds this limitation, you will be asked to pay only when you are completely satisfied. UFile Premium includes priority telephone, chat and email support for all your questions throughout tax season.
UFile is an interview-driven tax preparation Web application, so it is a type of software, but it resides on our secure servers at all times.
We do that in the background. The data entered is sent incrementally to our servers to be processed so that your tax results can be calculated. Any errors that UFile can diagnose are reported to you to fix immediately. Yes, definitely. Having been in the tax business for almost two decades, we understand that your privacy and confidentiality are extremely important.
We can assure you that only the strictest of security procedures have been adhered to throughout our Web site. We use the highest encryption protocols available bit and we store the data in a protected data bank. Secure backups of the encrypted data are also stored off-site in guarded data centres.
Because your tax information is stored securely in the UFile ONLINE data bank, we can ensure that the correct amounts will be carried forward to your file for the next tax year, so you don't have to search for them when the next tax season begins. To access your tax information in the UFile ONLINE data bank, you will require two pieces of identification, namely your username and your password, both chosen by you upon signing up.
To ensure you never lose access to your account, it is highly recommended to enable and configure your password reset settings below. Select enable and enter your primary email address. We strongly suggest you enter a secondary email or SMS address in case your primary email is no longer available to you. Complete the setup by selecting and entering a security question and answer which will help you reset your password if necessary.
Please remember that your password cannot be recovered or reset by our staff should you forget it. In order to maintain complete security for your tax information, there is no means for UFile to provide you with your password.
Pet's name, family members or close friends, important places, telephone numbers, PIN numbers, birthdates yours or someone else's. What is encryption? Encryption is a way of encoding information in a hidden manner. This prevents unauthorized parties from accessing your personal information. The key used to encrypt information contains a certain number of "bits.
From the governments' perspective, it is essential for your tax data to be intact when they receive it. As far as governments are concerned, no other transaction or data need be encrypted or secure in any way. But with so many choices, how do you know which tax return software is best for you? For tax return software to be worthwhile, it needs to be convenient, and easy to use. Accuracy is also paramount. 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.
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. Any good tax return software should include an instant refund calculator, which is a window on the screen that keeps a running total of your refund, as you enter data from your various tax slips.
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. 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. What I like about the free version of the software is that there is no maximum income limit.
For an additional fee, their audit defence ensures that your return is reviewed by a professional, and support if you are audited by CRA.
What I like about SimpleTax is that they include functionality for free, that other software programs only include in their paid versions. SimpleTax can also handle self-employment and investment income, something not all free software can accommodate.
While their platform is very simple, they can handle self-employment and rental income. It also lacks a mobile version, for a tablet or smartphone. I should point out, on their website, Ufile mentions that Microsoft no longer is providing support for Windows 7, so they strongly recommend that Windows users upgrade to Windows Ufile software is free if you meet one of the following criteria:. Pricing: Free software available see criteria above. It appears to be a solid choice for simple returns, and.
GenuTax offers downloadable tax return software that is capable of handling up to 20 returns. AdvTax is another free tax return software and is available via your computer or a mobile device. They can handle returns for residents of every Canadian province and territory and claim that you will be able to process a claim using their software in as little as 5 minutes.
They actually list estimated times down to the second, which is a bit odd, to say the least. With all of this talk about free tax returns, I should offer up one caveat. That is, if for any reason your tax situation is highly complex, you should always seek the advice of a tax professional.
If your top priority is getting the best tax return software for the lowest price, SimpleTax is pretty hard to beat. It offers much of the same functionality of TurboTax Standard , such as an RRSP optimizer, real-time refund tracking, accommodation for investment, self-employment, and rental income, all for free.
In other words, SimpleTax has you covered in most situations. Tom Drake is the owner and head writer of the award-winning MapleMoney. With a career as a Financial Analyst and over a decade writing about personal finance, Tom has the knowledge to help you get control of your money and make it work for you.
I have used Ufile now for a few years. I did have a difficult time getting the program to make the correct adjustments when I had to replace a nearly new notebook computer whose value was not totally depreciated. I used ufile last year and thought it was great; however, I did the full operation start to finish in one sitting.
This year I completed the tax returns for my family members, paid and saved the information as I wanted to check one thing. I used the password reset funnction but never received the reset password. The support for this software is abysmal. I now need to pay another provider in order to do my tax returns and start from scratch.
If you need any support dont use Ufile. There is none. I have been using this software for the past few years and worked just fine. But this year there is a problem. It shows box 14 in red. But when I click for the next page again it takes me back to box I sent them two emails for help 2 wks go. I am still waiting for an answer. I am going to use another software to do my tax this year and good bye for ever to Ufile. I also buy a thick tax book from KPMG every 5 years or so. Between the two and the the info CRA sends, I have my taxes down pat.
Oh thanks for the review Tom. I was actually just recently wondering which program I should use to do my taxes. I have used the studio tax for 3 years and this year I am using the Studio Tax Enterprise version 20 returns free. So far so good.
I always use VisualTax as its inexpensive and does a through job even for professional tax preparers. I feel kind of bad that the guys behind Studio Tax have done all that hard work and get nothing but our thanks and gratitude; but I believe really strongly in NOT paying to pay your taxes! It works very well for fairly complicated returns involving investments, multiple income sources, and even business income.
It also typically allows you to file up to 8 returns so it is easy to share with friends and family to save money. Overall though it went well and their support on tax and using-the-software matters was fantastic. I like having an installable version but obviously it is not an absolute necessity for everyone.
If you are using web versions, I think that the major players work with Mac in cloud mode. I have used Studiotax for several years now. T4 and rental income.
I agree with comments above in that it is a solid program. Able to do everything you can do on paper. I am a non-resident property investor residential houses only. Does anyone know if I can use any of these software products to complete my annual Canadian tax return?
Do some of these products only work for residents?
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