Personal Finance

Best Free Personal Income Tax Software

  • Last Updated:
  • Feb 16th, 2018 6:52 pm
[OP]
Newbie
Jul 28, 2017
15 posts
2 upvotes

Best Free Personal Income Tax Software

I am looking to file my personal income tax the first time this year and I am wondering what free options are out there in terms of software. My tax is pretty simple, just employment income, RRSP contribution, and investment income (T3/T5).
11 replies
Newbie
Feb 9, 2018
12 posts
8 upvotes
I have used Genutax and Studiotax myself for last 5-6 years and I like both. Both do a fine job. Both have options for T4/T5, allow you to claim GST/HST credit, Ontario trillium benefit, RRSP deductions etc. From a basic personal income tax point of view I think they have all the options one need.
Sr. Member
Oct 11, 2010
933 posts
277 upvotes
Charlottetown
Been using simpletax.ca for the past few years, love it
Member
Apr 9, 2009
356 posts
303 upvotes
Calgary
Does studio tax support rental property?
Sr. Member
Nov 6, 2015
542 posts
190 upvotes
Guelph, ON
I'm another one for voting for SimpleTax. To be fair, I've never used anything else, but I can't imagine anything being easier to use.
Newbie
Dec 25, 2015
66 posts
21 upvotes
Brighton, ON
Another vote for studio tax; been using it for 9 years. I like that the data is stored on my computer, not in the cloud.
Deal Addict
User avatar
Jan 9, 2011
1310 posts
776 upvotes
Vancouver
If it's your first time ever filing a personal tax return, and your situation is as simple as you describe, I recommend—don't laugh—doing it on paper and snail mailing it. It's not as arduous as you might think. It used to take me about an hour. When you do it on paper you get a feel for and understanding of how everything works that isn't matched by software doing calculations for you behind the scenes. Do it on paper once and try online filing next year.

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