Canadian Capitalist Logo Dark
No Result
View All Result
Saturday, January 28, 2023
  • Login
  • Register
  • Home
  • Economy
  • Investing
  • Markets
  • Real Estate
  • Retirement
  • Tax Savings
  • Trivia
  • Resources
Subscribe
Canadian Capitalist Logo Light
  • Home
  • Economy
  • Investing
  • Markets
  • Real Estate
  • Retirement
  • Tax Savings
  • Trivia
  • Resources
No Result
View All Result
Canadian Capitalist Logo Mobile
No Result
View All Result
Home Tax Savings

QuickTax Disappoints

by Ram Balakrishnan
December 18, 2007
Reading Time: 1 min read
131 2
0
mohamed_hassan (CC0), Pixabay

mohamed_hassan (CC0), Pixabay

152
SHARES
1.9k
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Let’s face it: tax software is a commodity and a program from one vendor can easily be substituted with another if you are willing to put up with a little bit of a learning curve. The realities of the marketplace seem to have escaped the folks at Intuit, the makers of the biggest-selling tax preparation software, QuickTax. Despite my distaste for learning to use yet another tax-preparation software, I am shopping around because:

  1. Despite the big print that says “Prepare up to 20 returns” QuickTax Standard, the 2007 version allows you to prepare just 2 returns, down from 6 last year. You’ll have to pay extra to prepare more than 2 returns.
  2. It’s not clear if QuickTax Standard allows entering investment, rental property or self-employment income. It’s ridiculous that we have to pony up $20 more for QuickTax Platinum to declare a little bit of dividend income.

The good news is that there are plenty of options: CRA’s website lists eight competitors for the 2006 tax year. Maybe this is the year I’ll try out UFile instead. Helpfully, UFile’s website states that the program allows data to be imported from QuickTax and the folks at Financial Web Ring have discovered that UFile has increased the number of returns for 2007.

Related posts:

  1. Comments on RRSP Tip # 1
  2. Reader Question on US Dollar Dividends in a RRSP
  3. Ideas for your Tax-Free Savings Account (TFSA)
  4. This and That: Taxwiki, Credit card rewards and more…
Share61Tweet38Share11

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

DIY Smith Manoeuvre, Part 4

Next Post

Reader Question on Restricted Stock Units

Ram Balakrishnan

Ram Balakrishnan

Related Posts

Investing

Questrade vs Wealthsimple 2023 Update: Breaking Down the Differences for Canadian Investor

January 11, 2023
2k
aerial photography of rural
Real Estate

First-Time Homebuyers: Is the First Home Savings Account (FHSA) Right for You?

January 9, 2023
1.9k
Maximizing Your Education Savings: The Advantages and Disadvantages of Group RESP in 2023
Investing

Maximizing Your Education Savings in 2023: The Advantages and Disadvantages of Group RESPs

January 9, 2023
1.9k
Receiving cash gifts from overseas family in Canada.
Tax Savings

Tax Implications of Receiving a Cash Gift in Canada

January 8, 2023
1.9k
Maximizing Your Retirement Finances: Should You Sell Your Home?
Retirement

Is Selling Your Home: A Smart Decision for Retirement?

January 7, 2023
1.9k
Your TFSA investing strategies will need a rethink in 2023.
Tax Savings

Why you should rethink your TFSA investment strategy in the 2023?

January 6, 2023
2k
Next Post
bear market mutual funds

Reader Question on Restricted Stock Units

Please login to join discussion
Canadian Capitalist

© 2022 Canadian Capitalist

Navigate Site

  • Home
  • Disclaimer
  • Privacy Policy
  • Advertisement
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Economy
  • Investing
  • Markets
  • Real Estate
  • Retirement
  • Tax Savings
  • Trivia
  • Resources

© 2022 Canadian Capitalist

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
two man and woman standing on doorway
The man who does not read has no advantage over the man who cannot read - Mark Twain