Overview
Are you looking for the best Canadian tax software? Even though you probably aren’t thinking about it right now, you still need to file your taxes for 2024, even if the deadline has been pushed out. Although we are aware that submitting tax returns may be a daunting task in and of itself, we want to assure you that it need not be.
Tax preparation has never been easier than with the abundance of free and low-cost tax return software options available today. Find an online tax preparation tool now before it’s too late if you haven’t begun submitting your taxes yet.With so many options, finding the best tax return preparation software may be a challenging and time-consuming process.
Here you will find information on the five best online tax filing solutions in Canada for the years 2024 and beyond, so you won’t have to worry about choosing tax software.
Best Canadian Tax Software in 2024
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TurboTax
If you are searching for the best Canadian tax software, then our first pick is TurboTax, a Canadian favorite, and rightfully so for its user-friendly tax return software. You may choose between a premium and free version of TurboTax, and it’s compatible with Windows, Mac, iOS, and Android, among other platforms.
Just so you know, before you get too excited, the free version does let you submit your taxes without any strings attached, but it doesn’t let you transfer tax information from prior years.
With TurboTax, you may import your tax data from years past with their affordable Standard package, which starts at only $20.99. There is no cost to submit your taxes electronically if you are 25 or younger.
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H&R Block’s
You may easily submit your taxes with the help of H&R Block’s online tax return software if you are looking for the best Canadian tax software. H&R Block caters to all platforms, so you won’t have to worry about compatibility issues.
No matter your budget, you will be able to take advantage of H&R Block’s helpful “do-it-yourself” service since its tax filing software is quite reasonable. The free, entry-level package includes SmartSwitch, auto-fill returns (AFR), and automated return optimization.
We strongly advise purchasing the $28 Deluxe Online Bundle if you need any more help. As you effortlessly prepare your return, this bundle provides you with limitless tech assistance and personalized tax suggestions.
Our $44 Premium Online plan makes it easy to record investment income, so it’s a good choice whether you’ve invested in stocks, bonds, or cryptocurrency.
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Wealthsimple Tax (SimpleTax)
Wealthsimple Tax (formerly “SimpleTax”) is a free online tax return software that you may find useful. Wealthsimple Tax, similar to TurboTax, has a web app for both Mac and Windows users, in addition to a mobile app for when you’re on the road. It is the best Canadian tax software.
File your taxes quickly and easily. Get the app on your iOS or Android device.
We examined many free tax preparation programs, but Wealthsimple Tax has the most features, such as an RRSP calculator, free customer service, and the ability to partially auto-fill your forms.
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StudioTax
StudioTax has been around longer than most of the tax return software providers we’ve looked at, and that’s not surprising given the number of Canadians who continue to use it.
For all inhabitants of the Northern Territories (NT, YT, and NU) or persons with a total income (line 15000) that is less than $20,000, StudioTax is completely free and comes with no strings attached. This is one of the key reasons for its popularity among Canadians in 2024. Not only that, but StudioTax is completely free for the 2019 tax year and every year before it. StudioTax is the best Canadian tax software.
We can’t speak highly enough about this user-friendly alternative to SimpleTax for online tax filing, even though it sometimes costs nothing and lacks some of the features that the more expensive program offers.
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UFile
Last but not least on our list of the top Canadian tax filing apps is UFile, a widely used, user-friendly, free*, and, most importantly, secure option for Canadian tax returns. While it’s true that UFile doesn’t cost anything, the free version is limited to students, first-time filers, those with straightforward returns, and those whose income is below $20,000.
The commercial versions, however, start at around $19.95 for each family member added to UFile, so they are not prohibitively expensive. Add a second family member (spouse), and you may expect to pay $12 more on top of VAT and GST.
With UFile, you may resubmit data from a prior tax year utilizing CRA’s easy ReFiILE service, much like with some of the other applications we’ve tested. Since this is an update to UFile, users who used it last year may easily bring over their data.
Final Words
So, which one is the best Canadian tax software? It might be difficult to choose the best online tax filing service from the many available today. If you’re having trouble finding the correct tax filing software for your needs, we’ve compiled a list of the best 5 tax programs in Canada for 2024 to help you out.
If you’re feeling confused by all the options, TurboTax is a popular choice among Canadians seeking a reliable tax filing solution. But if you’d rather put some money aside for emergencies, SimpleTax is a great choice.