While most people can file taxes without any assistance, you also have the option to check your tax return before you file, with real live tax professionals. This contains separate slips for T3, T4 and T5. TurboTax has built a very simple, easy to follow, step-by-step process to file your taxes.Īutomatically collects all the available tax slips in your TurboTax return so you are signed in with the CRA My Account, then you do not have to enter the details manually. If you are not an accountant who is used to seeing numbers, you obviously do not think that a leisurely weekend should be spent manually generating a complex tax return.
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Although the support level you can access depends somewhat on the edition of TurboTax you use, support is always available, even for the free version.Īpproximately 50% of Canadians feel intimidated by the thought of filing their own taxes. Users get access to an online forum, phone support, and training videos. Multiple types of support are available in an area which distinguishes TurboTax.
This automatic transition means that the refund will be received faster, sometimes in seven working days. NETFILE is the safe CRA framework for the provision of electronic tax. Once your tax return is completed, it can be automatically forwarded to the CRA for processing through NETFILE in TurboTax. Let’s look at some of their best features:
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TurboTax is one of the most affordable tax software apps with top features that make tax returns easy to complete. It’s perfect for home-based businesses and side hustles. The Turbo Tax Self-Employed version is for self-employed professionals and offers guidance on reporting income and expenses. The Premier package is for you if you need advice on investment income and expenditure, rental income, and/or expenditure on land. The website lists the paid online versions:įor most people, the Standard package will be all you need. If you’re considering filing your taxes yourself online, continue reading our TurboTax review below. TurboTax is the most popular and best-selling income tax software in Canada, and has been used for more than 20 years by millions of Canadians.
In recent years, tax filing through electronic platforms has become increasingly easier, particularly as new integrations through the Canada Revenue Agency (CRA) website are available.