TurboTax Standard is the best tax software for you if your return will includedonations, medical expenses, RRSPs or even tuition - and if you want to optimize deductions between spouses & family members.
What's new:
Audit Risk Alert: See what tax claims may trigger a CRA audit prior to filing your return
And you always get:
Step-by-Step Guidance: Just like a GPS, it helps you complete your return easier and faster
EasyStep™ Interview: Find deductions & manage the effect of life changes (like getting married) on your return
TurboTax Accurately Guides You Step-By-Step To Your Maximum Refund. Guaranteed.1
Just like a GPS in your car, TurboTax literally maps out your return as you make your way to your maximum refund with these handy and helpful features:
Mapping icons: Know exactly what stage of your return you're in, and how far you need to go to finish
Set flags anywhere: Easily mark sections you need to revisit, so you can find them again later - without getting lost
Accuracy check: Double-checks your return for errors, helps you correct them and ensures every tax-saving opportunity has been found
What does this mean? It means that you can have confidence knowing your return is accurate. It means that you'll know exactly when one section is complete and you're ready to start another. It means that you'll know exactly where you are in your return, and how far is left to go. And it means that you're in control over how and when you prepare your return.
We Find the Deductions. You Get Back Every Penny You Deserve.
We don't need to tell you that more deductions mean a bigger tax return. But maybe we do need to tell you about some of the deductions/credits you're entitled to... after all, you may qualify for any of 400 available to Canadians.
That's exactly what the TurboTax Deduction Toolbox does. With tools like the A-Z Deduction list, it does the hard work for you - and ensures that you don't overlook any items to claim, from medical expenses to tuition to charitable donations.
TurboTax Helps Optimize Your RRSP Contributions.
See how different RRSP contribution amounts affect your refund or tax owing with TurboTax's RRSP Optimizer tool. It helps you determine the optimum RRSP contribution amount for you and your spouse.
Then, you can contribute to your RRSP accordingly...and make the most out of your money.
TurboTax Handles Changes in Your Life.
Your life has probably changed over the course of 2011. Maybe you graduated university and got a job. Maybe you got married or started an RRSP. Much of what changes in your life can impact where you stand as a Canadian taxpayer... so TurboTax Standard tax software helps you make sense of it all by asking "real life" questions that translate to fields in your tax forms.
TurboTax Personal Tax Profile asks you simple questions about your life. As you answer, TurboTax determines what tax slips and receipts you have to enter, and automatically applies the credits and deductions you qualify for.
Carry Forward Last Year's Tax Data. (Including UFile® or H&R Block® Desktop Software.)
Save time entering data by automatically updating your current year's return with personal information & carry over amounts from last year's TurboTax return. Even better, you cut down on human error when you automatically update, so accuracy is ensured. You can import from:3
TurboTax desktop tax software for the 2010 tax year
UFile® desktop software for the 2010 tax year
H&R Block® desktop software for the 2010 tax year
That means that, even if you used a different software program last year, you can still use TurboTax and reap the benefits without re-entering data.
Choose the Automated Way to Do Your Taxes.
Ever wish you could do your taxes in just a few clicks? With TurboTax Automated Tax Return, it's almost that easy. First, TurboTax imports your electronic tax slips from the website of your payroll and/or RRSP provider – or your epost.ca inbox – and then it automatically enters the right information on the right tax forms. Simply check over your return... and your taxes are done. Manual data entry is nearly eliminated!
You can import the following slips into your copy of TurboTax with the Automated Tax Return feature:
T3 (for mutual funds)
T4 (for employment income)
T4RSP (for amounts withdrawn from your RRSPs)
T4RIF (for amounts withdrawn from your RRIF)
T5 (for GICs)
Donation slips
RRSP contributions
Reduce Your Taxes by Splitting Pension Income with Your Partner.
Whether you have corporate pension plan income or income from a Canada Pension Plan, reap the tax benefits with TurboTax.
The TurboTax Pension Income Splitting Optimizer advises you on how to best distribute your pension income (up to one half), so that you and your spouse or common-law partner pay less in taxes. In fact, the Pension Income Splitting Optimizer will automatically propose the best distribution of your pension income - how's that for easy?
TurboTax Reviews Your Return Before You File.
All you should be concerned with is entering your information. Let us take care of double-checking your return and making sure everything is in order. TurboTax reviews your return before you file by:
Reviewing your return for errors before you file
Looking for missed deductions that you may qualify for
Pointing out money-saving opportunities you should take advantage of
Helping you get the biggest refund you deserve
NEW! Audit Risk Alert.
Once you've finished entering information into your return, the Audit Risk Alert will let you know if the tax claims you've entered may trigger a CRA audit.
By letting you know of your potential risk for a tax audit before you file, TurboTax allows you to:
Make an informed decision about the deductions that you're claiming
Have professional representation at the ready by adding Audit Defence to your product
Red flags in your return can result in the CRA asking for more documentation, requesting an in-depth review or a full audit. With Audit Risk Alert, you'll have a better understanding of how the CRA will review your return before you send it.
File Online - The Paper-Free Way.
And Get Your Refund in as Little as 8 Days.
When you've completed your standard tax return with TurboTax, save yourself a stamp and save a tree... by choosing to file with NETFILE instead of printing out your forms and mailing them in to the CRA. Many people who file with NETFILE get their refunds in just 8 business days.2
To NETFILE, you'll just need an Internet connection and the online filing code the CRA provided on your 2011 T1 personal income tax return package (along with your 2010 Notice of Assessment).
Audit Defence: Get a Professional On Your Side.
No one wants to get audited by the CRA, but that doesn't mean it can't ever happen to you. And if you do get audited, you shouldn't have to go through it alone. That's where Audit Defence comes in. In the event that the CRA audits you, Audit Defence connects you with an experienced tax professional who will:
Deal directly with the CRA on your behalf
Help to minimize CRA penalties, if they occur
Best of all, Audit Defence gives you the peace of mind that comes with having a professional on your side.
How can you get Audit Defence on your side? Just add it to your TurboTax product from within your copy of TurboTax Standard. Learn more about Audit Defence
Looking for Help? We've Got You Covered.
As you may have guessed, all TurboTax products are built with the expertise of tax analysts & specialists - so you can trust that your taxes are done right. In fact, we guarantee the accuracy of your return4 as well as your satisfaction.5 So there's no risk!
Includes the EasyStep™ Interview to walk you through your return and find you every credit you deserve
Double-checks for errors as you go and does all the calculations for you – so you file the most accurate return possible
Comes with FREE support via email, chat and phone,6 as well as access to the TurboTax Support Centre
PLUS! Get help from other TurboTax Standard users from within your software - exactly when you need it - with the TurboTax Live Community. Or use the TurboTax Online Community or Virtual Agent within TurboTax for quick answers to your questions.
See a list of some of the tax slips you can import into TurboTax...
