Security: It uses encryption to secure your data. If you want, you can make a donation after submitting your return to CRA. The software calculates your capital gains and losses and includes them in your tax return filing.Ĭost: Wealthsimple Tax is free. If you bought or sold crypto, you can automatically import your trades from over 300 crypto exchanges. If you have questions about your tax filing, you can get help by email or phone 7 days a week, including weekends and holidays.įor the 2021 tax year, Wealthsimple Tax is also offering free tax filing for crypto trades. A refund optimizer helps you to utilize all the deductions and tax credits applicable to your situation, so you get the maximum refund possible. It supports simple and complex returns, including self-employment income, investment income, and rental income. You can use Wealthsimple Tax in your web browser or download the mobile app.įor free tax filing software, this program compares favourably to the paid versions of TurboTax. Wealthimple Tax (formerly SimpleTax) is a free tax return software that uses a pay-what-you-can model.ĭesigned by Canadians, this platform was recently acquired by Wealthsimple, a popular online financial institution. SIGN UP FOR TURBOTAX + 15% OFF WealthsimpleTax: Best Free Tax Software in Canada Support is limited for the free versionįor more details about this tax preparation program, read our TurboTax review.Paid versions can handle simple and complex returns, including investment, rental and business income.Offers a free version for simple tax returns.Is it safe? TurboTax uses TLS encryption to protect your data.Īvailable: In all Canadian provinces and territories. The standard paid product is $20.99, and premium options are available, with prices ranging from $34.99 to $99.99, depending on your needs. Ĭost: Has a free version ( TurboTax Free). If you’d rather have an expert complete your tax return or want someone to review it before submission, you can use the TurboTax Live service. This tax software offers multiple products that cater to simple and complex tax situations, including investment income, self-employment income, and personal and business taxes. It breaks down the tax forms into small manageable bits and offers guidance along the way, so you don’t miss out on over 400 tax deductions and credits and can maximize your tax refund. It also offers a downloadable desktop program. TurboTax is available on multiple devices, including Android and iPhone devices. It is CRA-approved to use the NETFILE service and also supports Auto-fill my Return. Turbotax is the most popular tax software in Canada. TurboTax: Best Paid Tax Software in Canada They also offer various features and benefits that may vary depending on whether you use a free or paid version of the tax program. Tax software in Canada that has been approved by the Canada Revenue Agency to transmit data using NETFILE generally offers the following benefits: Canada Child Benefit Best Tax Return Software in Canada
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