Turbotax canada review7/28/2023 ![]() And should it get it wrong, it too offers a maximum refund guarantee.įor those really wanting to file on their own, there are multiple levels that Canadians can use depending on their needs. As you fill it out, you’ll see a preview of what your refund might be. The program takes you through a step-by-step filing process, which includes auto-fill by connecting to the CRA site. The company has been around since 1990, growing in use so that more than five million Canadians now use the filing software. TurboTax is perhaps the best known of the tax software programs out there. Those with simple tax returns, or those willing to pay more for help.The ability to consult a program expert, while priced, can also be very useful for filing.Ĭons: While there are some add-ons for extra help, there aren’t as many as some other software programs out there. Pros: The combination of multiple support options (phone, chat, email) and different tiers allows users more flexibility. Finally, if things really get complicated, you always have the option to go to one of the many in-person locations. Plus, not only do you get a maximum refund guarantee, there is also an accuracy guarantee. This option can be used whether you have a few questions or need someone to go over your return with you. H&R Block also offers personalized help from a tax expert, starting at $29.99. Then there’s the Premier option, which is especially beneficial if you get audited. You can ask for tech support at any time, and the SmartReview feature allows you to see exactly how the software calculated your return. The free plan is similar to WealthSimple Tax, in that you can auto-fill from past years, with the software guiding you through the process.įrom there, Canadians can choose the Assistance program, where it becomes a bit more customized. H&R Block offers three programs for Canadians to consider, each with more and more assistance. Those with a clear tax return, but want an option to add more assistance.Sign up now to take advantage of this special offer. Trade and Cash accounts are not eligible. ![]() ![]() Get a $25 bonus when you open and fund your first Wealthsimple Investment account* (min. Especially as you don’t receive the same support or extra add-ons found with other tax software. Pros: WealthSimple Tax is a great tool for Canadians with a simple tax file, and are looking to file themselves at the cheapest rate, while still maintaining safety and security.Ĭons: The software is pretty basic, so if you end up needing a more complicated filing system, you may have to transfer to another program. And your maximum refund is guaranteed, with the only payment being an optional donation. WealthSimple Tax can also auto-fill your cryptocurrency gains or losses from over 300 exchanges and digital wallets.įinally, you can receive free support should you run into any issues, whether it’s through email, online chat or by phone. This becomes even more beneficial for your second return since it can import all relevant data from the year before. Plus, once you link your social insurance number (SIN), it has an auto-fill option. The software takes you through your taxes step-by-step, making it simple to file your return. So you know your financial information is safe when using the program. The program is NETFILE approved, meeting the encryption and privacy requirements drawn up by the Canada Revenue Agency (CRA). And it’s especially helpful for people who have simple taxes and can’t afford to pay an expert to look them over. Did you say, “free?” This is a big benefit that Canadians lock into when it comes to WealthSimple Tax (formerly SimpleTax).
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