- #FREE INCOME TAX PROGRAMS FOR 2016 CANADA HOW TO#
- #FREE INCOME TAX PROGRAMS FOR 2016 CANADA SOFTWARE#
- #FREE INCOME TAX PROGRAMS FOR 2016 CANADA PROFESSIONAL#
- #FREE INCOME TAX PROGRAMS FOR 2016 CANADA DOWNLOAD#
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#FREE INCOME TAX PROGRAMS FOR 2016 CANADA PROFESSIONAL#
Those with a small businesses may also benefit from a professional who can tell them what expenses they can deduct. They’re just a program that will help you input the data properly, so you may be not making the best decision.”įor instance, Romanovsky says accountants can help you look at your current financial situation and what it may be in the upcoming years to determine whether it’s more beneficial for you to carry over RRSP room rather than claim it right away. “The programs try to help you with that, but they’re not a professional. “But once you have complexity, investment income, business income - there are a lot of planning opportunities… and decisions that you should be making when doing the return,” he said.
#FREE INCOME TAX PROGRAMS FOR 2016 CANADA SOFTWARE#
“If their return is pretty simple, (they’re) just earning employment income, then the software should be manageable,” he said. Those who have more complicated filings - for example, different streams of income, foreign property or a small business - should consider seeking in-person, professional help. A list of locations is available on the Canada Revenue Ageny website.īut Dale Romanovsky, a chartered professional accountant, says free tax help and free software can help filers save money but it’s really most beneficial for those with simple returns. If filing over the computer doesn’t appeal to you, filers can still go the free route if they go to a one of the free temporary volunteer-run tax preparation clinics across the country aimed at those with low to moderate incomes.
#FREE INCOME TAX PROGRAMS FOR 2016 CANADA HOW TO#
Some people know how to do it, but may still want to hire a mechanic anyway to make sure it’s done correctly.Ī number of other firms also offer free versions, including SimpleTax and TurboTax. “Not all Canadians are going to feel comfortable filing it on their own,” said Harper, a digital content official at H&R, who likened using free software to changing a blown tire on your car. Shocking tax tips you’re missing out on! » The program is mostly recommended for people who only require a bare-bones version of tax software, and those who do not need a lot of guidance in filing their taxes.
#FREE INCOME TAX PROGRAMS FOR 2016 CANADA DOWNLOAD#
H&R, which also runs tax clinics across the country, says filers can access its free software either online or download it onto their computers. It notes that the number of people filing their personal tax returns electronically, either on their own or via a tax professional, has been steadily increasing over the past five years.Īdriana Harper with H&R Block says Canadians who are looking to save money at tax time can consider using readily available free software.
Last year, the Canada Revenue Agency received 23.4 million (81 per cent) electronic returns compared with 5.4 million (19 per cent) paper returns. Should you hire an accountant? Or do them yourself on a computer or on paper? Experts say the answer to that question depends on how complicated your financial situation is and how comfortable you are with taking on the task. TORONTO – With tax season upon us, some Canadians may be exploring new options for filing their returns this year.