The Simon Tonekham Statesman

News, views and reviews from a student’s perspective

List of NETFILE certified software for filing income taxes

Well folks, it’s that time again. Tax Time. The Tax man at the Canada Revenue Agency (aka Revenue Canada) is on the lookout for people who don’t file their taxes and/or how much many individuals own to the Tax man. The same thing applies for many businesses, incorporated or unincorporated.

Now let me get this straight. Your taxes are not due until April 30th, 2008. That gives you some time to gather up your T4s, Tution receipts (aka T2202A) and many other countless forms that the Tax man need to have from you. If you have a negative amount, it’s a refund. Positive amount – well you owe the Tax man a lot of money – big time.

While many people decided to file their taxes through E-Filing to a professional provider such as H&R block or Softtron, many people decided to opt in special tax preparation software that will do the work for them. In my humble opinion, not every tax software out there provide the best results. Here’s a list of NETFILE certified software:

  • QuickTax
  • U-file
  • FutureTax
  • GenuTax
  • myTaxExpress
  • TaxFreeway
  • TaxTron
  • StudioTax

If you don’t want to spend the money on buying professional software such as QuickTax or U-File. You have some options on getting different Tax preparation programs – for free! They are listed below:

  • FutureTax
  • myTaxExpress
  • TaxFreeway
  • StudioTax (at this time of blog posting, this is a pre-certified version for the 2007 tax year)

Be warned though, some freeware based Tax Preparation software might have limitations – either the print function is disabled or certain forms are not active in the trial version. So the next time you want to choose a no-frills solution on filing income taxes on your computer, keep these factors in consideration.

We hope that these tips will help guide you in your desperate time on filing. Oh and btw, the CRA has set a limitation on filing 20 tax returns for filing on your computer using Tax preparation software.

References:

www.netfile.gc.ca

http://www.futuretax.ca/

http://www.genutax.ca/

http://www.mytaxexpress.com/

http://www.taxfreeway.ca/

http://www.studiotax.com/

www.quicktax.ca

TaxTron.ca

www.cra.gc.ca

www.taxamnesty.ca

Written by Simon Tonekham

February 9, 2008 at 1:00 pm