Canada Tax Preparation Software 2010
February 5th, 2011 Posted in Taxes
Canada Income Tax Software – Windows Version
This year, I noticed a few new tax software programs, and added a few of them after going through all of these new programs. This is what my message is: try to pick a free tax software program. If the free one does not meet your requirements, get one of the least expensive ones that fits your needs.
In Canada, tax software programs are required to be NETFILE-certified by the Canada Revenue Agency (CRA). The software programs I mentioned here are all NETFILE-certified. If you would like to see all NETFILE-certified tax software programs, visit CRA NETFILE-certified Tax Software Page.
Canada Tax Software – A Dawn Journal Top Picks
As per CRA requirement, all these tax software programs have a limitation of maximum 20 returns.
o Supports business and self-employed tax return.
o Real CRA tax form interface
o Price: Free
o Supports simple to complex tax scenarios.
o Supports linked returns.
o Price: Free
o Print real CRA tax form with 2D barcode.
o Coupled tax return optimized.
o Price: $5.99 for 1 return and $13.99 for 10 returns.
o Charitable Donation, Split Pension, Medical Expenses and Dependants optimized.
o Save as PDF file with 2D barcode or print out.
o Price: $6.99 for 1 return and $9.99 for 10 returns.
o TaxFreeway is the only software allows user to use Interview and Form mode simultaneously.
o RRSP planner, carry forward feature, spousal return integration, and tax tips on demand
o Price: $9.95 for 20 returns
o Multiyear tax software program.
o Upgrade in the future for a reasonable fee.
o Price: $39.99
o Up to 16 returns
o Free audit assistance and free Tax Tips book.
o Price: $34.99
Quick Fact
o Deadline for 2009 Tax Returns: April 30, 2011
o Penalty for late filing: 5% of your 2010 balance owing, plus 1% of your balance owing for each full month that your return is late, to a maximum of 12 months. For more info, visit Interest and the late-filing penalty
o 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 professional 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
More A Dawn Articles:
Canada Tax Deadlines 2010 – 2011
The Shard of Glass London Skyscraper
Should You Hire Family For Your Business?
The Most Expensive Real Estate In The World
My Recent Cuba Trip and Life With Brand New Perspectives
What Happens To Your Stocks When Company Goes Bankrupt?
