Turbotax 2015 home and business news release

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#Turbotax 2015 home and business news release full#
#Turbotax 2015 home and business news release software#

TurboTax's other programs have been certified for tax year 2014. There are no income restrictions, but the program is PCВ only and can't handle Quebec income orВ T1163/T1273 AgriStability/AgriInvest forms.

#Turbotax 2015 home and business news release software#

This year, it is offering a stripped down alternative to its software called TurboTax Free Forms that enables you to fill out all the standard federal and provincial tax forms and file with Netfile for freeВ but doesn't have the step-by-step prompting of its paid programs. (Damian Dovarganes/Associated Press)вЂ‹ TurboTax, formerly known asВ QuickTax, is Intuit's popular tax-preparation software.

TurboTax is offering a stripped-down online filing option this year for free.

#Turbotax 2015 home and business news release full#

For a full list, see the CRA website, which isВ updated as additional programs are certified. Here's a quick look at the bells and whistles of some of the most popular CRA-certifiedВ tax-preparation programs forВ Netfiling. Taxpayers have two main options: software that is downloaded onto a computer or mobile device, or web-based programs.В Once these programs complete your tax return, you can either have itВ filed on your behalfВ electronically or printВ it out and mail by post. To have your return filed directly to the CRA vie Netfile, you have to use one of theВ certifiedВ tax programs listed on the CRA website. Most cost money - unless you have modest income - but several are free for everybody.

#Turbotax 2015 home and business news release how to#

How to NetfileДЄ variety of software programs are available to help Canadians file electronically. About 58 per cent of returns file resulted in a refund, the CRA said. The tax agency said it paid out more than $28 billion in refunds last year, with the average refund being $1,696. For a return sent in by mail, a refund can take four to six weeks. The CRA says filing online is cheaper and more accurateВ and can put a refund in a taxpayer's bank account in as little as eight days through direct deposit.

Taxes without the filing headaches? It's possible.

Last year, 25 per cent of returns were filed usingВ Netfile, the online option for individual taxpayers, while the other 53 per cent were filed viaВ tax professionals, who use theВ Efile service. Only about 22 per cent of theВ 28.2 million tax returns filed in 2014 were filedВ the old-fashioned, ink-and-paper way, and the number continues to dwindle each year - in 2013, it was 25 per cent. This authorization can be cancelled or changed online at any time. tax files yourself - and theВ CRA is also introducing a service for tax preparers who use Efile to file returns on behalf of clients that will automatically fill in certain fields on aВ return.В вЂ‹Д¬alled Tax Data Delivery, the system will make available to the tax preparer information from a client'sВ T4 slips, RRSPs, capital gains and losses,В universal child care benefit statements and other tax-related documents as long as the taxpayer has authorized the preparer to haveВ access to that information - by filling out a T1013 form. Two other improvements: AllВ CRA-certified tax software will this yearВ send returns directly toВ NetfileВ - so, no more uploading those. 'Our goal is to replace the 120 million pieces of mail we are sending out each year with a fast, secureВ and green electronic correspondence service,' CRA spokesman PhilippeВ Brideau told CBC News. Our goal is to replace the 120 million pieces of mail we are sending out each year with a fast, secureВ and green electronic correspondence service. The CRA plans to progressively make other other types of correspondence available this way. This tax season, taxpayers will be able to view their noticeВ of assessment or reassessment online in theВ My Account section of the CRA website if they sign up for something called ' online mail.' They'll receive email notification when their assessment is ready and will not receive it by post. Canadians who file their taxes online will have a few moreВ options at their fingertips this year, as the Canada Revenue Agency continues to build out services like Netfile and My Account.