Of these, Filing your income tax and benefit return using tax software is easy and you also get back any refunds faster. Compared to a traditional paper filing, your tax refund could be processed in as little as 2 weeks instead of 8 weeks or longer. As you prepare for the tax year season that opens up in February , below are some of the best tax preparation software you can use for your filing. They also offer various features and benefits that may vary depending on whether you are using a free or paid version of the tax program.
Turbotax is the most popular tax software in Canada. TurboTax is available on multiple devices including Android and iPhone devices. It also offers a downloadable desktop program.
This tax software offers multiple products that cater to simple and complex tax situations including investment income, self-employment income, personal and business taxes. Cost : Has a free version TurboTax Free. For more details about this tax preparation program, read our TurboTax review. WealthimpleTax formerly SimpleTax is a free tax return software that uses a pay-what-you-can model.
Designed by Canadians, this platform was recently acquired by Wealthsimple , a popular online financial institution. It supports simple and complex returns including self-employment and rental income. A refund optimizer helps you to utilize all the deductions and tax credits applicable to your situation so you get the maximum refund possible.
Cost : WealthsimpleTax is free. If you want, you can make a small payment after submitting your return to CRA. Security : It uses encryption to secure your data. You can also enable 2-factor authentication to provide further protection.
Want to know more about WealthsimpleTax? Read our review. It offers online tax software as well as tax services at more than 1, retail offices across Canada. This tax software is free to use. It works on Windows computers and you need to download and install the program to get started. Similar to the other tax software on this list, you can use GenuTax to file for the tax years as well as previous years up to It works for simple and complex taxes and can handle capital gains, rental property income, and small business taxes.
For assistance or questions about your filing, you can send an email to [email protected]. It offers an online web-based version, a desktop installation file for Windows, and a free version for eligible filers.
Cost : UFile has a basic free option. Disclosure: Hosting Canada is community-supported. We may earn a commission when you make a purchase through one of our links. Learn more. Gary Stevens — Last Updated on September 30, Best Tax Software: TurboTax. Visit TurboTax.
Pros Great selection of plans Free edition option Easy to use tax return software. Cons Pricing may be higher than competitors. Maximize Tax Refund Potential Not only does the Standard plan allow you to transfer tax information from and , but it also allows you to look for over credits and tax deductions opportunities, allowing you to maximize your tax refund potential.
Visit SimpleTax. Cons Not available on Android devices. Smart Search Box Included In addition to these features, this free tax return software comes with a smart search box that makes adding things such as medical expenses and gifts to your return a quick and easy process. Cons User experience could be improved. Visit StudioTax. Internet Connection Not Necessary One of the main benefits of using StudioTax over some of the other programs available is that you can download it locally and use it without being connected to the internet.
Visit UFile. Cons Lacks mobile support. Tax Software Buying Guide. Get your biggest paycheque of the year Get Started. Your satisfaction, guaranteed.
TurboTax is:. Taxes made simple. Import your tax info directly into your return from the CRA with Auto-fill my return. Connect with a TurboTax specialist and get real-time help with how to use our tax software.
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