Filing your taxes online? What program will you choose?
As the filing deadline approaches, most of us are thinking about getting our taxes done quickly and, increasingly, that means going online.
Not that there are a lot of early adapters when it comes time to settle up.
In fact, only about 56% of tax returns were filed online last year. That leaves close to half of the population either using pen and paper, or the automated telephone method, Telefile.
The CRA would rather you file online than mail in your return because it saves them a fortune in data processing fees. And, if you’re expecting a refund, it will certainly speeds things up.
Online tax offerings have no software installation hassles and don’t change anything on your computer since hook up through an Internet browser like Internet Explorer or Firefox.
So do you opt for a one-shot web browser (about $10 per return although there are several free options) via the Canada Revenue Agency's NetFile program or do you shell out a bit more for one of NetFile-capable tax prep packages (around $35 with lots of coupons floating around) that can be downloaded onto your home computer?
There is, of course, no shortage of either....
AceTax, easyCTax, eTaxCanada, FutureTax 2010, GenuTax Standard, H & R Block At Home, Impôt Professionnel, myTaxExpress, StudioTax 2010, TaxFreeway, Taxnic, Taxtron, TurboTax (previously QuickTax), UDoTaxes 2010, UFile
5dollarTax, AceTax Online, EachTax.com, easyCTax, eTaxCanada Online, FileTaxOnline.ca, H & R Block At Home, MBOTax, TaxChopper 2010 from CuteTax, Taxnic.ca, TurboTax (previously QuickTax), UFile Online, WebTax4U.ca
What’s your experience? Have you found one program to be superior to the others? Have you encountered problems that others might like to hear about?
By Gordon Powers, MSN Money