Looking for free tax software? No problem. We've compiled a complete list of all the Canada Revenue Agency approved online tax software in Canada that are available for free. We've also included at what point these options actually charge.
You know what I'm talking about. That point when you're using "free" software and they're like, "thanks for using our free software, but if you want this extra option, you'll have to pay us X amount of dollars," at which point you're so far along that you can only shrug your shoulders and pay up or start the whole thing over again. The worst! This list of online software should help you avoid that moment and grab the right free option for you.
If you're trying to choose the best paid tax software, we recently compiled a handy list of tax software and the parents who use them.
The Best Free Tax Software Canada 2016
TurboTax offers free tax software to anyone earning less than $20,000/year, folks in the military, students, and folk with extremely basic returns, like for folks who are only submitting T4 slips and charitable donations. Short answer: ff you meed more than a basic return, you'll have to pay. The good news is that the pricing starts at $17.99, which could be used to prepare eight returns. If it's you and your spouse, that's less than $10 each. The cheapest option though is meant for folks whose taxes are pretty simple -- so it would be okay for parents, folks with RRSPs and pensions, but you need to pony up more if you need much more.
Taxtron's 2016 software is free if your annual income is less than $31,000 (including seniors) of if you're a full-time student (in school full-time for 4 months or more). Individual packages start at $19.99, with family options for $39.99 and up.
H&R Block Online
H&R Block's software is a little tricky in that you can always start for free, but then you have to pay once you file. They will occasionally offer a free return until late March, but they haven't announced anything like that yet. Even then though, it's only for the first return, and then it's an additional $9.95 for each additional return.
You can start try H&R Block's online tax software for free, but be prepared to pay the $9.99 fee somewhere along the way!
This is one of the easiest and most accessible tax software options. There are no restrictions or income minimums to qualify. It can handle varying degrees of complexity from rental and business incomes to RRSPs, caregiver deductions, and more. The system is "pay-what-you-want" so you can donate as little or as much as you like.
The best part? There is a calculator that simultaneously adds up your refund as you go! Even better: you can start your 2016 tax return with SimpleTax now and be ready as soon as the CRA platform opens on February 20th.
It's been around for over a decade now and some folks swear by it as their go-to for a free downloadable tax software. Keep in mind that this one -- though free -- is not an interview model like a lot of the others, so it's a little less user-friendly and is probably best suited to someone who is somewhat familiar with tax forms. There is also a donate option if you want to pitch in for the cause.
This software promises to deliver a tax return under 5 minutes from a desktop, laptop, tablet, or smartphone. They even provide estimated times of completion ranging from 1 minute and 47 seconds up to four minutes and twenty-three seconds. It's completely free and also available in Chinese and French. Create your account with AdvTax here.
Other (conditionally) FREE Canadian tax software options:
- you're a new customer
- you're a new immigrant
- you're a senior (70+)
- your income is $25,000 or less
If none of these sound like you, it'll be $5.99 for the first return and $3.99 for each one after that. This one is pretty basic, so don't expect a whole lot of bells and whistles! You can access EachTax.com here.
- your income is $25,000 or less and were single, divorced, separated or widowed at the end of the tax year
- your household income less less than $30,000 per year
- you're a full-time student for more than six months of the year
If none of these sound like you, it'll cost $9.98 for one return, $15.98 for two returns, $19.98 for three to five returns and $25.98 for six to 15 returns.
- your total income is less than $20,000
If you earn more than this amount, they charge between $9.99 and $14.99 per online return, which would include more complicated returns like those that include RRSPs, donations, investment income, family credits, and other tax deductions. They have a nice auto-fill option available, which connects to your CRA account to make the form-filling somewhat easy. It's also available on tablets, phones, laptops, and desktops. Check out FastnEasyTax right here.
- you are not self-employed
- you do not have rental income
- you do not have dependent-related expenses
- youdo not have other deductions like RRSPs
If this doesn't sound like you, then it will cost around $12.99. You can access the WebTax4U web application here.
And there you have it! These are the freebie tax software options for 2016. Check 'em out and feel free to let us know which is your favourite!