Tax Preparation Software - Final Part (Part 3)
January 25th, 2008 Posted in Personal Finance
Canada Tax Software – A Dawn Journal’s Top PicksAfter researching dozens of tax software programs, I have picked these software programs for this year. I am keeping it to a minimum so you don’t get inundated with too much information. Let’s begin.
TaxFreeway
- TaxFreeway is the only software allows user to use Interview and Form modes simultaneously. This gives user the maximum flexibility and helps user utilizethe full power of software.
- Tax forms and slips are identical to actual CRA slips and forms.
- Both Windows version and MacVersions are available.
- It’s got RRSP planner, carry forward feature, spousal return integration and tax tips on demand.
- Price: $9.95
- Website: http://www.taxfreeway.ca
MyTaxexpress
- MyTaxexpress allows to share tax forms/slips in coupled return. Spouse can prepare their returns together as a coupled return to share tax data in the beginning or in the middle of preparation.
- It prints on CRA official forms for mail filing.
- View tax return summary page.
- Price: $6.99 (1 return) and $13.99 ( 1o returns)
- Website: http://www.mytaxexpress.com
GenuTax
- Multiyear tax software program. Buy only once and future annual updates are free.
- Price: $34.99
- Website: https://www.genutax.ca
StudioTax
- The only free tax software. Yes, you heard it right. It is free. However, if you would like to make a contribution, Feel free to do so and Studiotax appreciates it.
- Price: Free
- Website: http://www.studiotax.com
Quick Fact
- Deadline for 2007 tax return: Midnight, April 30, 2008
- Penalty for late filing: 5% of your 2007 balance owing, plus 1% of your balance owing for each full month that your return is late, to a maximum of 12 months.
- EFILE : Don’t mix up EFILE with NETFILE. EFILE is a service that lets authorized and professional service providers send individual income tax return information to CRA by Internet. Tax professionals cannot use NETFILE. They must use EFILE. Therefore, when you submit your own tax return = you use NETFILE and when tax professionals submit your tax return = they use EFILE.
Quick Fact Source: Canada Revenue Agency
2 Responses to “Tax Preparation Software - Final Part (Part 3)”
By 2008 Canadian income tax calculator on Feb 13, 2008
Recently, I have found an interesting 2008 Canadian income tax calculator on internet. It was very usefull for me, because I´m now doing a school project and need to compare tax payable in all provinces of Canada and this one was the only calculator I have found, so I have posted it here in case it could be usefull for someone.
By A Dawn on Feb 14, 2008
Thanks for sharing this tax calculator with A Dawn Journal readers. Other tools like this are available here - Financial Tools