Once you’ve worked your way through the credits and deductions, you’ll do a final tax review to make sure your return is complete.Īfter finishing your tax return, you pay TurboTax and file with CRA.
Some of these prompts may seem redundant, but answering them helps TurboTax figure out exactly what tax slips are necessary. donations to a charity, medical expenses, etc.). There are also sections that cover whether you’re a student, if you own real estate or other property, and that identify credits and deductions you may be entitled to (e.g. At the end of each interview section you can review the information before submitting, ensuring accuracy.Īfter completing this basic tax profile, you’ll answer questions about your income and RRSPs. If you filed your tax return with TurboTax last year, you can save yourself some time by transferring your personal and other important information that you entered previously (depending on the version you used). You’ll then be prompted for personal information to identify you, such as your first and last name, date of birth, SIN and home address. Do you have any dependents (children, family members with disabilities or elderly parents), etc.
#TURBOTAX VERSIONS PLUS#
For this review I chose the self-employed version, which has most of the same features as the other versions, plus some added questions related specifically to self-employment. The benefit of this is that you can give the platform a test run to see if you like it before committing.
#TURBOTAX VERSIONS FREE#
TurboTax adopts the business model where it’s free to try, and you don’t need to pay until you file. How Does TurboTax Compare to Competing Tax Prep Software?.
#TURBOTAX VERSIONS HOW TO#
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