Money in minutes1
Make the most of what you made this year. Get access to funds after you file your taxes with TurboTax1.
Don’t wait to put money in your pocket
No-cost loan, no credit impact, no catch²
Get a loan of up to 80% of your tax refund amount—to a maximum of $1,000—at no cost and with no impact to your credit².
Access to funds in minutes1
Set up a Neo Money™ account and Neo Money™ card after you file to get funds3.
Do it all without leaving home
File your taxes and get quick access to funds online, all from the comfort of your own home⁴.
How it works
Step 1:
Choose TurboTax Cash — powered by Neo after you file
Submit your return to the CRA with NETFILE⁵. Then choose TurboTax Cash—powered by Neo and apply in a few steps.
Step 2:
Set up your Neo Money™ account
If approved, you get a no-cost loan from Neo Financial deposited into your account right away⁶.
Step 3:
Start spending right away
Set up your Neo Money™ card and then spend online while you wait for your physical card to arrive⁷. You can also send free transfers or make bill payments.
Step 4:
Repay your loan
Use your tax refund, if you have received it8, to repay your loan.
Are you eligible?
To be eligible, you must be the age of majority in your province, use TurboTax Online or Assist & Review to prepare your tax return, and file your return with NETFILE.
First-time filers, filers with self-employment income, residents of Quebec and certain other provinces, TurboTax Live Full Service and Desktop/Download filers are not eligible for TurboTax Cash–powered by Neo.
Terms & conditions apply.
Learn more about Neo - trusted by 1M+ Canadians
TurboTax partnered with Neo Financial to put money in your pocket, faster.
Neo is reinventing how Canadians spend, save, and grow their money—all together in one place.
Frequently asked questions
TurboTax Cash—powered by Neo is a loan provided by Neo Financial at no cost to you with no credit impact and 0% APR2. After you file your taxes using TurboTax5, apply for the loan with Neo in a few steps. If approved, get access to the funds. When you receive your tax refund from the CRA, you can use the funds to repay the loan.
Remember that all funds in your Neo Money™ account3 earn 2.25% interest13.
The loan is provided by Neo Financial, a Canadian-based financial services company that’s helping Canadians build a better financial future with spending, savings, and rewards. Learn more at neofinancial.com.
To be eligible, you must be the age of majority in your province, use TurboTax to prepare your 2022 tax return, file your return with NETFILE, and receive credit approval from Neo.
First-time filers, filers with self-employed income, residents of Quebec and certain other provinces, TurboTax Live Full Service filers, and TurboTax Desktop filers are not eligible for the loan.
You may be eligible to get up to 80% of your tax refund amount as a loan, up to a maximum of $1,000. The maximum loan amount may be subject to change. The amount may vary based on your tax refund amount, personal information, and any third-party data Neo may consider.
You don't have to pay any fees for TurboTax Cash—powered by Neo and the APR is 0%2. As a TurboTax customer, the loan offering is available to you at no cost9.
Apply directly with Neo after you file your taxes using TurboTax.
No. Applying for the loan will not affect your credit score2.
For most filers (subject to lender approval and meeting eligibility requirements), the funds will be deposited into their Neo Money™ account within a day11.
If you are approved for TurboTax Cash—powered by Neo and open a Neo Money™ account, the loan will be deposited into that account.
The funds in your Neo Money™ account—and any additional money that you deposit—will earn 2.25% interest13 that’s calculated daily and paid into the account monthly, subject to the terms of Neo Money Account Agreement. You can also send free transfers, make bill payments, or connect to an existing external bank account to transfer the funds.
Great! If you’re approved for the loan, it will be deposited into your existing Neo Money™ account.
If your tax refund is deposited into your external bank account, you can transfer funds into your Neo Money™ account, and repay your loan before the end of the loan term by selecting TurboTax Cash and clicking the ‘pay now’ option14. If there is a balance outstanding at the end of the loan term, Neo will automatically debit your external bank account for the amount outstanding via pre-authorized debit.
If you already have a Neo Money™ account, your tax refund may be deposited into that account, and your loan will be automatically repaid10.
With the Neo Money™ card7, you can spend your account balance anywhere that Mastercard® is accepted. You’ll earn an average of 5% cashback13 when you shop online or in person at thousands of partners across the country. Simply add more funds to your Neo Money™ account to keep using your card and earning unlimited cashback14.
Yes, this account is yours to use! You can easily add more funds into your Neo Money™ account to continue taking advantage of its high interest. Funds can be added through direct deposit, free transfer, or by linking to an external bank account. As long as you have funds in your account, you can also continue to use your Neo Money™ card.
If you don’t qualify after filing your return, you can still open a Neo Money™ account and earn 2.25%13 on every dollar you deposit into the account!
TurboTax will point out which returns are eligible. The recipient of the loan needs to open their own Neo Money™ account. You can’t open a Neo Money™ account on your spouse’s behalf.
If you and your spouse are both eligible and are approved, you will each need to open a separate Neo Money™ account to receive your respective access to the funds. Your spouse will receive an email with the instructions to apply for TurboTax Cash—powered by Neo.