Skip to content

Yes, You Can Do Your Own Taxes

Image of tax return, cash, and calculator

File your own Canadian tax return using CRA-approved software on your device. If your income is reported on T-slips (employment, CPP, limited investments, etc.), don’t pay the bone-chilling amounts charged by tax preparers. Download software similar to what they use (some programs are free). Enter the amounts from your slips and Netfile directly to CRA from your home computer/laptop/device. Approved software is listed on CRA’s website: approved software. All you have to choose is whether to download software and keep your information until you upload to CRA or whether you want to work in the cloud.

Remember to enter RRSP contributions and charitable donations. Everything you need if you went to a tax preparer, you still need to collect. But you don’t get more deductions from a paid service than you get filing yourself. You might have to check which medical expenses you can claim (it takes a lot of expense to make a difference to your tax) but most software has tips built in to prompt you if a tax credit is available. Students, make sure to get your T2202 from your University or College’s website (there’s minimal tax credit in tuition anymore, but still).

You can do it! for free or a token payment to a software company. Even if you pay, often they allow up to 20 returns that year for one purchase. Plus you get to understand a little more about how governments tax your income. Yes, you can do your taxes.

Leave a Reply

Your email address will not be published. Required fields are marked *