Tax software

[mistry?]

this will be the first year that i will attempt to do the taxes on my own and was wondering what would be the best software to use for this purpose?

any suggestions would be helpful

hope to hear from you guys soon

Paras

[dvdvideo]

I've used ufile.ca last 2 years, easy as pie. Takes me like 15 minutes, and netfiles.

[NDman]

To add a little further on ufile.ca... if your annual income is under a certain number ($20k from what I read in the previous thread yesterday, I think), you get to file for free online. It's worth considering

If this is your first time, chances are you don't have a whole lot of things to file/worry about. Just do the paper version. It looks imtimidating but it's easy. I still do my paper version to date unless I can sucker my friends to do mine for me, sometimes with their company softwares (good to know some tax guys sometimes )

[iamthehub]

To add a little further on ufile.ca... if your annual income is under a certain number ($200k from what I read in the previous thread yesterday, I think), you get to file for free online. It's worth considering

I think you mean $20K... However, you are right, $20K is still under $200K.


Also, I just got my Ufile software this weekend. Not really happy with it though. I've used Quicktax for the last 6-7 years, and got used to the following:


1. Maybe I'm just missing something (and if anyone know's how to fix this, please tell me), but, Quicktax has an automatic 'rebate indicator' where every change you make, tells you how much you'd be paying/getting back. It would work in 'real-time', so if you move a deduction onto your spouse's return, you can see the results immediately. In Ufile, you must hit a button, and it 'calculates' the return, then it tells you your totals. This is a pain if you're doing "What-If" scenarios.

2. In Quicktax it looks like you're entering your data right onto a T1 tax form. In Ufile, it's just a bunch of boxes. Not a big deal, but it just takes some getting used to.

3. RRSP Analyser in Quicktax is better than Ufile.

The only 'upside' to Ufile was that it was $15 cheaper than quicktax. I guess after I do both my wife's and mine, my parents and in-laws tax returns, I'll get used to the interface.

[NDman]

LOL. 20k, indeed. Edited...