

Maximum refund using their refund optimizer and get your refund in as little as 8 days via direct deposit.If you have to pay penalties or interest as a result of any error in calculation by the software, it will be covered by Wealthsimple. Step-by-step guidance and a 100% accuracy guarantee.Here are some of the benefits you can expect:

This includes reporting self-employment income, rental income, donations, investment income, medical expenses, and more. Unlike the limited offerings available through many free tax software, you can use Wealthsimple Tax to file any kind of return that is not exempted by NETFILE. It is certified by the CRA and Revenu Quebec to use NETFILE. SimpleTax was founded in 2012 and was recently acquired by the popular robo-advisor, Wealthsimple. It also recently introduced free crypto tax filing, a first of its kind in Canada. WealthsimpleTax (formerly SimpleTax) is a free Canadian software for filing your income tax return. My general advice is that if you are in doubt, start with the free version and only upgrade if required.

However, the software provider may have restrictions based on your income level and there may be limited to no phone or email support available. Typically, the free version can handle most tax situations. Here are some of the tax software certified by the CRA for NETFILE tax return submissions. They all offer free options to file your taxes and some have paid versions as well. For questions relating to using File My Return, call CRA at 1-80. Individuals who qualify for this service receive an invitation letter in February with instructions on how to proceed. Starting in 2018, CRA now offers a “File My Return” service that lower-income Canadians can use to file their income tax and benefit return for free. If you are not comfortable with using NETFILE or have a complicated tax return and require professional help, an accountant or tax preparation firm can use EFILE to file your tax return for a fee. Tax return submissions through NETFILE go directly to the CRA in a secure format.ĮFILE is an electronic submission service used by tax preparers to transmit your income tax return information to the CRA. In order to prepare your online tax return using NETFILE, you must use a CRA-certified tax preparation software such as TurboTax and several others. NETFILE is an online transmission service provided by the Canada Revenue Agency (CRA) for individual filers to send in their tax returns without needing paper tax forms. There are two main ways to file your taxes online in Canada i.e.

Benefits of Filing Your Taxes Online Using a Tax Software.How To File Your Taxes Online in Canada.
