Filing taxes in 2021: Free 2020 Tax Software
Show of hands of who is using what? I think I'll be using GenuTax this year.
Feb 4th, 2021 8:25 pm
Feb 4th, 2021 10:47 pm
Feb 4th, 2021 11:21 pm
You may want to add Studio Tax to your voting list, it's very popular, or was until it stopped being free.
Feb 6th, 2021 3:28 pm
Feb 6th, 2021 3:48 pm
Feb 6th, 2021 4:15 pm
I am sure you don’t mean Studiotax is storing your data online. May be you meant to say filing your tax online using Netfile to send to CRA.Kiraly wrote: ↑ After six years of filing online with Studio Tax, I'm going back to snail mail. The only remaining free filing methods either use the cloud (which I won't do) or use Windows (which I don't have and won't buy). So my tax software of choice this year is Apple Preview, which I will use to print off the PDFs and send in the snail mail.
Feb 6th, 2021 7:04 pm
Studiotax is no longer free, this thread is about free software.
Feb 6th, 2021 8:49 pm
Feb 7th, 2021 7:37 am
Feb 7th, 2021 2:28 pm
Feb 8th, 2021 4:58 am
Feb 8th, 2021 9:58 am
Feb 22nd, 2021 6:56 pm
Feb 22nd, 2021 8:24 pm
Feb 23rd, 2021 10:02 pm
Feb 24th, 2021 12:01 am
Feb 24th, 2021 7:27 pm
I emailed WealthSimple Tax about the upgrade and they sent me a link to an article which outlines what's involved with the upgrade.
Mar 1st, 2021 8:23 pm
Mar 1st, 2021 8:33 pm
Mar 2nd, 2021 10:55 pm
It appears I have more free time than you. I checked StudioTax against GenuTax and Taxman using 2019 versions. It appears that only StudioTax will do income splitting correctly. Taxman attempts it but enters deductions like a $2000 Pension Income deduction from your claim onto a spousal return even if he/she doesn't qualify! Taxman's tax splitting doesn't agree with my 2019 filing - and that was after it went through some endless loop which initially crashed the program. Furthermore, Taxman doesn't calculate federal tax credit on the T2209 leaving you to crunch numbers on a calculator only after researching the proper % tax.Sauerkraut wrote: ↑ OMG, I can't wait for this pandemic to be over!
I have so much free time, I spent today auto-entering T-forms into both Studio tax and Genutax, just to see if there was a difference between the 2 platforms...and there was.
First off, ST has an optimizer for pension income which GT does not, so I had to rely on the percentage from ST and manually enter it into GT. There was still a few hundred $$ difference, which I had to go through line by line to find out the difference.
Seems GT doesn't recognize foreign tax income/credits that can be split between spouses (due to a joint account). You can specify the percentage between spouses on the T3 /T5 forms but GT ignores it and allocates the full 100% foreign credit towards the primary SIN number. Only if you go to the foreign tax credit section in the interview process and "manually" add the split amounts will it be correct.
What a (free) POS software platform.