The Canada Revenue Agency (CRA) is no longer sending out printed tax forms, so don’t expect to receive forms in the mail this year. Also, you won’t be able to TELEFILE your 2012 income tax return, as the Canada Revenue Agency has discontinued TELEFILE service.
However, don’t fret!
You can still do your income tax in the comfort of your warm and toasty home. Now is a good time for you to consider filing your taxes online, using a Canada Revenue Agency certified income tax program such as TurboTax. (TurboTax is CRA approved and certified every year.)
Afraid that using software instead of pencil and paper to do your income tax will just be too difficult? Don’t be.
TurboTax walks you through the process of completing your income tax return by asking you easy-to-understand questions. The EasyStep Interview Process and built-in tools make sure you’re aware of all your potential tax deductions and helps you make the most of them. For instance, if you want to share your pension income with your spouse, the Pension Splitter tool will automatically suggest the best distribution of your income, so you end up paying less in taxes.
And there are other advantages that will make making the switch from paper return to doing your return with TurboTax worth it to you.
No more missing deductions – It’s easy enough to miss a potential tax deduction when you’re working through a paper tax return on your own. But TurboTax’s interview process and built-in guidance ensures that you don’t miss any relevant income tax deductions; you’ll get the biggest tax refund possible. In fact, the average refund with TurboTax is hundreds of dollars more than the average refund of people who fill in their tax forms directly because TurboTax is always up to date on the latest tax laws and we ask you all the right questions to ensure you get all the deductions and credits that your unique situation qualifies for.
No more mistakes – You don’t need to worry about making a mistake. TurboTax does many of the necessary calculations for you as you’re completing your income tax return. Plus, when your return is complete, there’s a Review process to make sure that nothing has been missed and that all the information is accurate.
You’re not alone – Unlike when you’re working through a paper tax return, when you’re using TurboTax you have support. First, there’s Help right in the tax software program, full of up-to-date information on tax deductions and how to fill out particular lines of your return. But you can also get help through email, phone or through the online support community from Intuit’s tax experts, all for free.
Peace of mind – TurboTax eliminates the worry of trying out an income tax program that’s new to you. They guarantee that you will get the maximum refund possible, that your income tax calculations will be 100% accurate and that you will be 100% satisfied with your TurboTax experience. Read more about our three guarantees here.
Plus, you don’t have to address an envelope, pay for a stamp and trudge out into the cold to put your completed tax return in the mail; you’ll be able to file your income tax through NETFILE from directly within TurboTax. If you’re worried that you’re more likely to be audited using NETFILE than when you print off a tax return and mail it in, don’t be. That’s a myth, according to the Canada Revenue Agency.
Perhaps the biggest plus of all is that if you are due a refund, you’ll get your tax refund faster by doing your income tax online. The Canada Revenue Agency says that online tax filers can receive their income tax refunds in as little as eight days.
And if you like, you can still print your income tax return and mail it in when you’ve completed it using TurboTax. You will still receive your refund faster because TurboTax prints a bar code on your return which the CRA just scans to have your data entered into their system immediately.
So who cares that the Canada Revenue Agency isn’t mailing out paper income tax packages? It wouldn’t be smart to use one anyhow.
Why not go to TurboTax and get started filing your income tax online for free right now? You only pay when you file your income tax.