Monday, April 4, 2011

Filing 2010 Taxes in Canada

101 Tax Secrets For Canadians 2010: Smart Strategies That Can Save You Thousands, Revised and Updated EditionThe April 30th deadline for filing 2010 taxes is fast approaching for most Canadians, unless of course you're self-employed, then June 30th deadline applies.

Filing taxes is not fun for anyone, but it's an important to file your tax returns on time in order to especially if you owe the government. If not, you could end up penalized in interest. If you are going to get a refund, then the faster you file your taxes, the better.

For the past 5+ years, I've filed my own tax returns using UFile. Prior to preparing my own tax returns, I used to use the services of an accountant. However, I decided to look into filing them myself and after some homework and calls to CRA, I found out that it's not all that difficult to file one's own tax returns.

Yes, it does take some time and effort, however, once you get the hang of it, it's quite simple if you use tax software like UFile. Some of the key features about using UFile are highlighted below:

  • easy to use and handles complex tax situations;
  • uses a step-by-step interview approach;
  • automatically checks for tax deductions for maximum tax refund;
  • highlights any anomalies before you're done;
  • allows you to go back and correct errors;
  • ability to file using NETFILE for faster refund.

And more importantly, UFile is the most competitive in terms of price. Also, you can file your tax return online or using a software-based application. You may also be eligible to file your taxes for free...check here.