Tax Preparation Software – Part 2
January 20th, 2008 Posted in Taxes
How Canada Revenue Agency Receives Your Return
Two ways. One is the traditional way. You print off a copy of your return and mail it to CRA. The other is via online. You transmit your tax return to CRA via online. This online filing process is called NETFILE. NETFILE allows you to file only your own tax return. You cannot transmit tax returns on behalf of others. Also, you need an access code to use NETFILE. To learn more about NETFILE and access code, click here. Both Windows version and online version tax preparation software offer options to print off your tax return (and mail to CRA) or to transmit online using NETFILE. In order to be NETFILE eligible, a tax software program has to be NETFILE certified by CRA. To learn more about NETFILE-certified tax preparation software, click here. The tax preparation software programs I am discussing here (and most of the tax preparation software programs) are NETFILE certified by CRA.
New Limit of 20 Returns
CRA has announced that starting 2007, there will be a limit of 20 returns (paper or electronic) with each copy of NETFILE-certified software. Before 2007, you were able to produce unlimited numbers of returns with some of these value tax preparation software programs (such as GenuTax). To know more about this newly imposed limit, click here.
.. To be continued
2 Responses to “Tax Preparation Software – Part 2”
By Yroc on Jan 27, 2008
Note there are 3 ways CRA can get your file. The 3rd in 2D bar coding. Basically, the software program included a bar on the front of the printed return. CRA then scans your return into their computers.
Difference? No possible keying errors.
By A Dawn on Jan 28, 2008
Yroc, thank you for sharing your valuable info with A Dawn Journal readers.