3/1/2024 0 Comments Turbotax canada contactSome of these prompts may seem redundant, but answering them helps TurboTax figure out exactly what tax slips are necessary. donations to a charity, medical expenses, etc.). There are also sections that cover whether you’re a student, if you own real estate or other property, and that identify credits and deductions you may be entitled to (e.g. At the end of each interview section you can review the information before submitting, ensuring accuracy.Īfter completing this basic tax profile, you’ll answer questions about your income and RRSPs. If you filed your tax return with TurboTax last year, you can save yourself some time by transferring your personal and other important information that you entered previously (depending on the version you used). You’ll then be prompted for personal information to identify you, such as your first and last name, date of birth, SIN and home address. Do you have any dependents (children, family members with disabilities or elderly parents), etc.For whom are you preparing the tax return (yourself, your spouse or someone else)?.The interview will start with a few simple questions: When you return you’ll come back to your home screen, where you can switch between tax returns (if you’re working on more than one simultaneously) and view previous years’ returns as well. If you need to take a break during filing to gather information, you can save your place in the filing process and come back later. Once you choose the version of the platform most appropriate for you, TurboTax will walk you through its ‘interview’ process. If you’ve used a paid TurboTax version to file in previous years, you can sign in with your existing login information. For this review I chose the self-employed version, which has most of the same features as the other versions, plus some added questions related specifically to self-employment. The benefit of this is that you can give the platform a test run to see if you like it before committing. TurboTax adopts the business model where it’s free to try, and you don’t need to pay until you file. With that in mind, we’ll take a close look at one of Canada’s most popular tax prep platforms: TurboTax. We may receive a commission for products or services you sign up for through partner links.įiling your own taxes with guided software makes a lot of sense, since some tax prep software can give you a better understanding of the Canadian tax system, and can help you save money, too. Please be aware this post may contain links to products from our partners. We adhere to strict standards of editorial integrity to help you make decisions with confidence.
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