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Email this7:04 am
March 15, 2019
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Anybody using tax software?
I've been using Studiotax for years. Started with them back when they were free.
7:21 am
December 18, 2018
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Turbotax (formerly QuickTax) since 1998.
Impot Personnel (In Québec) before that from 1995 to 1997
Good old calculator and paper from 1983 to 1994
7:32 am
November 8, 2018
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Always TurboTax for me.
Large household, more than one earner, dependants, different deductions, etc., etc. Also, staying on same tax software simplifies transfer of personal info from previous year tax return.
It is not free, but it is worth its money for me.
7:57 am
November 15, 2018
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GenuTax ... free
8:29 am
October 27, 2013
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I have used UFile for many years, after having used QuickTax (predecessor to TurboTax) for years before that. UFile does everything TT Standard does for considerably less money. ~$25 for 4 returns. Less with discounting. That said, the $$ are not significant enough to necessarily switch and learn new software.
I also use StudioTax for 'what if' tax planning. No cost to use, unless one wishes to Netfile or print a return (PDF or otherwise).
9:13 am
January 13, 2022
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UFile for many years. Can typically get it on sale for under $20 for 4 returns.
9:51 am
December 9, 2018
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I also use StudioTax for 'what if' tax planning. No cost to use, unless one wishes to Netfile or print a return (PDF or otherwise).
Studiotax is also free if your total income is under 20k (https://www.studiotax.com/paymentpage.html). Almost all other software give you a free license for similar low amounts, but you still have to pay for the software upfront. Studiotax is the only one I know that is free upfront.
10:04 am
November 6, 2018
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I have used TaxFreeway (the Mac version) for 16 years. It is not cloud-based. (20 returns – Windows $9.95 or Mac $14.95. An iPad version is also available.) https://www.taxfreeway.ca/
5:08 pm
November 21, 2015
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TurboTax since ever for me, as I already know their problem areas and I learned to cope with them. Once I even allowed their rep access to my computer to try to come up with a solution. Did not work. Thus, with Turbo Tax I learned how to navigate through the surf and I am not keen to open another pandora box, even one with less snakes in it.
2:50 pm
July 27, 2020
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Like AltaRed, I also use Studiotax for tax planning purposes (for me, a grandiose way of saying "calculate my optimal RRSP contribution") as well as to double-check my math on my paper return. My situation is not complex enough to warrant paying for something I'm capable of doing myself.
9:02 pm
March 30, 2022
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Software Update for GenuTax Standard
The latest update for GenuTax Standard, version 1.81, was released on March 1, 2024.
9:20 am
October 5, 2017
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StudioTax software for tax year 2024 is now available for download.
5:18 pm
May 28, 2013
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bhuc said
StudioTax software for tax year 2024 is now available for download.
The Windows versions are now available, but the Mac versions are not yet available.
4:09 pm
May 28, 2013
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The Mac version of StudioTax for 2024 is now available.
8:25 am
October 5, 2017
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Do you want to Support CANADA ?
You may not want to use TurboTax or H&R Block, both are American owned.
And... if you have Capital gains/losses you cannot file until...
Capital gains
The Department of Finance recently announced that it will introduce legislation in Parliament in due course, related to the capital gains inclusion rate change with a new effective date of January 1, 2026. The announcement confirmed the government’s intention that, effective for dispositions that occur on or after January 1, 2026, the inclusion rate will increase from one-half to two-thirds on capital gains realized in excess of $250,000 annually for individuals and on all capital gains realized by corporations and most types of trusts.
The CRA is working diligently to update its systems to reflect the currently enacted capital gains inclusion rate of one-half. However, this update may not be completed when online filing becomes available on February 24, 2025. If you are impacted by this situation, you may avoid processing delays by waiting until the updates are completed in the coming weeks before filing your income tax and benefit return. The CRA will grant relief in respect of late-filing penalties and interest until June 2, 2025, for Individual filers and until May 1, 2025, for Trust filers, to provide additional time for taxpayers reporting capital gains to meet their tax filing obligations.
Please visit our tax tip for more information on the administration of these proposed changes.
12:07 pm
December 18, 2024
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lol. Program on TV yesterday “kind of” linked H&R Block and DC Bank to CRA issues and identity theft.
See here https://www.cbc.ca/player/play/video/9.6676212
I used H&R Block once…..never again…..screw up after screw up.
Not sure if now…but in the past walk off the street, take a course, and become an H&R tax consultant.
Because Turbo Tax did not have a Mac version I have used Studio Tax, which is Canadian. And is easy to use and less costly than Turbo Tax.
Disclaimer…I used a few softwares that are no longer and then used Turbo Tax PC version for many years.
10:10 pm
November 18, 2017
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That program - CBC's THE FIFTH ESTATE, I think it was -
went far beyond pointing fingers at H&R Block and DC bank. It showed evidence that the CRA's online systems are hysterically insecure and immensely riddled with fraudsters.
RetirEd
11:07 pm
April 6, 2013
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The $500 million of tax refund fraud estimated by one CRA employee in the show sounds hysterical. But, it is not really when placed in context.
CRA handled $312.7 billion of income tax revenue for federal government in 2024. There is another $138.3 billion of income tax revenue for provincial, territorial and First Nation governments.
$0.5 billion out of a total of $451.0 billion is 0.11% and is not a high rate of fraud.
It is not only H&R Block or DC Bank that is vulnerable to identity theft. Someone who can produce a fake driver's licence and another fake piece of ID can walk into any bank to open a bank account. The person can also walk into any realtor's office and sell someone else's house from underneath of them!
11:10 pm
April 14, 2021
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RetirEd said
That program - CBC's THE FIFTH ESTATE, I think it was -
went far beyond pointing fingers at H&R Block and DC bank. It showed evidence that the CRA's online systems are hysterically insecure and immensely riddled with fraudsters.
Yes, it was Fifth Estate. A very good episode.
Please write your comments in the forum.