I made the leap this year to using a free income tax filer. Previous years I had been using one of the online programs that would run me about $30 and change to file the returns for the wife and I. Well no loner, I’ll keep that $30 some dollars in my bank account that you very much.
It wasn’t half the nightmare I thought it would be to use either. Seemed to be almost as fast as the program that costs me money, however not as pretty, but this ain’t no Ms Universe competition, so pretty doesn’t count for much. Actually I think I liked it better than the one I was using, some parts especially about claiming child tax credits and other child related expenses seem to be much more straightforward. If you feel like making the jump to free this year, I say go for it. Just do an online search for reviews for the program you will be using, if mostly positive comments, then fire that bad boy up and grab a beer and hunker down for the next hour or so and pray for that big refund at the end.
Maybe you have been taking your taxes to someone to have them done. I have news for you, most people don’t need that. Are you self employed? Have complex business expenses to claim? Have dividends/capital gains/interest that is taxable? Own foreign property or have foreign income? No, then NEWSFLASH, you can do your own taxes. Really super easy, you just input numbers from boxes on your T4 into the corresponding fields on the software you will be using. Don’t really know what those numbers mean? Doesn’t really matter. Still not sure about this? Ask a friend or relative to help you out.
At this point you might be thinking, speaking of taxes, why haven’t I covered the whole RRSP/TFSA debate yet? I do plan do, but not in time for this year, there are a lot of other good blogs that cover this topic, Google is your friend.
The chance to save 100% doesn’t come along everyday, so make it count.