If you have a relatively uncomplicated tax situation (i.e. just have T4s, or a simple self-employed business) you may be able to use CRA Netfile-certified software for FREE!
Pros
- Free!
- Also, most software programs will guide you through the common tax forms to make sure you don’t miss any important info.
Cons
- May not be able to carry-forward information from previous years.
- Free versions may be restricted to lower-incomes or simple tax filers.
We always recommend working with a pro to maximize your tax benefits, but free software can be a great way to educate yourself about the tax system and help get organized to work with your tax pro.
Want more info? Check out the list of free, Netfile-ready programs from the CRA Website.
