Advertisement
The government provides a list of tax preparation software that is NetFile compatible.
Q: I see there is a push to have taxpayers file electronically. Does the government offer free software, or do I need to purchase a program like TurboTax? Does NetFile take the place of these other software programs?
—R. Boyko, Red Deer, Alta.
A: “Love and marriage. They go together like a horse and carriage,” right Sinatra? NetFile and tax preparation software go together too because NetFile doesn’t replace the software you need to file online. You still need to use a program to “prepare” your return, then you “transmit” it to the CRA using NetFile. While technically you could print out your return and mail it in, that really is a waste of a stamp. The government doesn’t offer free preparation software itself but does provide a list of free certified products. NetFile and tax prep software… Sing with me: “You can’t have one. You can’t have one without the other.”
Bruce Sellery is a frequent guest on financial television shows and author of Moolala. Do you have your own personal question? Write to Bruce at [email protected].
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
We have everything you need to know about tax credits, changes and deadlines, and more. Get the info you...
The increase to the capital gains inclusion rate is going ahead—at least for now, says Canada’s Finance Department.
The Canada Revenue Agency has yet to offer guidance on how the Liberals’ capital gains tax proposal will be...
A tax-free savings account inherited from a spouse is subject to special treatment. Here’s how it may impact the...
It's a new year. What financial changes will take effect in Canada in 2025?
Having an online CRA account makes it easier to manage your income taxes and government benefits at tax time...
You may be able to get some tax relief when the stock of a company you hold goes bankrupt....
The Canadian government is sending out its first carbon rebate of 2025. See who’s eligible and how much you...
Those at or near retirement need to account for slightly higher tax brackets, as well as higher Basic Personal...
It’s a first among bank-owned discount brokers in Canada. With more banks likely to follow RBC's lead, what should...