Canada Tax Software 2019 - 2020 Tax Season
Once tax time arrives, for a lot of us, that's when a little extra stress can set in. Fortunately a few tips can really soften the blow for those of us that will owe additional taxes.
Canada Revenue Agency Approved Income Tax Filing Software
First things first, click the free tax calculator above and punch in your ballpark numbers so you can get an idea of what your tax liabilities will be.
The trick here is that once you know, you can focus on what you have to accomplish. For me, this does help alleviate my anxiety since it's the uncertainty that gets me stressed. Once I know, I can focus on the task at hand, which for me is usually living a little more frugal for a few months while I save up for what I'm going to owe.
Next you need to decide what Canada tax software product you want to use for your filing needs. Now a fair warning here from me to you is that the price of any software package should be fairly low on the list for deciding factors. Simply put, most of the time lower priced software is not so easy to use. You really need to put popularity toward the top of the list for deciding factors.
I've been around and tried a lot of brands only to find myself back with TurboTax Canada which just seems to be the best product year after year. This is backed by the fact that it's the #1 selling brand over and over again.
That's not to say that other brands wont work for you, I've just found that it's been the right solution for me.
Free Canada Tax Software includes the TurboTax Free Online Edition that is ideal for Canada residents that just have income to claim.
To qualify for using the TurboTax Free Online Edition you should:
- Be receiving T-slips such as T4s and T4As
- Have tip income or pension income to claim
- Not be self-employed
- Not have investment income
- Receive only standardized federal & provincial deductions
If this seems to be able to fit your needs, then go for it, it's free, what do you have to loose. Kind-a hard to improve on that price, isn't it?
Online tax preparation software for Canada is truly a great way to save money for several reasons including:
- Save money by preparing your return yourself.
By doing your own return you learn how to better prepare for future returns and bigger refunds just by learning about tax benefits.
- Save on hassles by using the proper software to insure your return is accurately prepared without mistakes.
Now it's your money you earned it, shouldn't you be making sure your keeping as much of it as you can for yourself?
Picking the right Canada Tax Software for the task is the start to becoming a better filer for yourself and your finances. You learn far more beneficial tips when working on your return and this software is loaded with advice you just shouldn't be passing up. It can cost you plenty if you don't keep up with the tax laws affecting you.
You can also find tax forms, tax debt support and financial software in the right column to help you better manage your year, organize your finances and clear up old tax issues you may have been dragging around for a long time.
I never like doing my taxes but, it seems every year once I start my return I learn more helpful tips from this process that always benefits me financially the following years. So I have to say it's made me a better filer!
Tax help for Canadian Provinces & Territories: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Ontario, Prince Edward Island, Quebec, Saskatchewan, Northwest Territories, Nunavut Territory, Yukon Territory, - and US Taxes for any of the US states and overseas.