Note that for sole proprietors all versions provide the basic T2125 form (statement of business activities) for nonincorporated businesses.
There is now also a TurboTax Live product called Assist & Review that lets you talk to an expert about your taxes and get a final review of your Canadian income tax return before you file for $99.99 per return, and a TurboTax live Full Service product where Intuit's tax experts prepare and file your taxes for you. The online editions do not do incorporate (T2) returns. TurboTax Self-Employed-$59.99 per return.TurboTax Business Incorporated-one corporate T2 return -$249.99.TurboTax 20 Returns-home and business, up to 20 Returns -$139.99.TurboTax Home & Business-consultants and small business owners, up to 12 returns-$129.99.TurboTax Premier-for investments and rental properties, up to 12 returns-$79.99.TurboTax Standard-families, students, and simple small businesses, up to eight returns-$39.99.The EasyStep Interview leads you through the tax preparation process by asking questions in plain English, and tax planning is a snap because of the ability to run multiple tax scenarios, and features such as the capital gains analyzer and incorporation analyzer.
TurboTax is a user-friendly Canadian tax software program that lets you prepare your income taxes easily and quickly. There can be quite a difference in price, though, as you'll see in comparing costs of the versions of the software or web app that you would need to use the T1 tax form for a sole proprietorship or partnership.
If your business is incorporated, your options are more limited as you need tax software specific to the T2 tax return.Īll these Canadian tax software programs and apps are Canada Revenue Agency approved (and you don't want to use tax software or apps that aren't). If your business is a sole proprietorship or partnership, you'll be able to use any of the Canadian tax software in this article. Most tax software programs include tax planning features so you can analyze different income tax scenarios. Today's tax software and applications do more than just let you calculate your income tax and send in your return. Read our advertiser disclosure for more info. We may receive compensation if you visit partners we recommend. Choosing the downloadable software is almost always easier and higher-quality than buying a similar product in the store.We recommend the best products through an independent review process, and advertisers do not influence our picks. If you’re watching prices, you might have some luck shopping on. The downloadable function is the same as the corresponding online software, and they typically cost more. As such, we typically recommend everyone use the online version. If your computer has malware, a hacker could steal your information from your computer rather than from a cloud-based server.Īlso, we see a lot of issues of people failing to save their return, computers crashing, and more. However, these products aren’t risk-free. The only direct risk of hacking is when you e-file your returns. Theoretically, downloadable software may be more secure. Tax filers have the option to choose downloadable products rather than using the cloud-based options. All products and services are presented without warranty.Ĭomparing The Downloadable Editions Of TurboTax, H&R Block, and TaxAct The information in our reviews could be different from what you find when visiting a financial institution, service provider or a specific product's website. strives to keep its information accurate and up to date. And our partners can never pay us to guarantee favorable reviews (or even pay for a review of their product to begin with).įor more information and a complete list of our advertising partners, please check out our full Advertising Disclosure.
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