Tag: Tax Refund

Turbotax Canada Review

Turbotax Canada Review

Turbotax Canada Review

Turbotax is a website that helps its users with tax related queries and calculations. TurboTax helps in finding every tax deduction every citizen deserves. It also double-checks every tax returns so that the users do not get defied of any charge.

TurboTax is especially for Canadian citizens helping them prepare their taxes. It helps in completing and filing the taxes of the citizens so that every tax payments and returns are done correctly. TurboTax is an online tax return facility that can help with tax related queries right from home if one has the receipts, slips/T-slips, and any other tax-related documents. Besides, TurboTax guides its user to fill the right tax form in plain English.

How Turbotax works?

TurboTax is here to help its users with tax-related queries. To start with TurboTax will ask a series of questions in order to get the required knowledge about an individual’s tax status. From a student’s loan interest to a nurse’s union dues, TurboTax helps its users to find the right tax deductions and credits that that can be applied to the individual.

Furthermore, TurboTax provides the guidance of experts and will answer any queries in real-time. Tax refund or which tax document to choose- the experts provided by TurboTax provide answers to any queries. TurboTax also double-checks every tax return after and also before one file for one.

What TurboTax guarantees?

TurboTax has been in the business for over 20 years and it is the best tax software in Canada. TurboTax helps in finding more deductions versus other tax software or tax prep methods. TurboTax guarantees

I. the maximum tax refund or the lowest tax payable.
II. their calculations are 100% accurate.
III. if during return or calculation TurboTax makes a mistake, it guarantees to reimburse the penalty and interest.
IV. If one is not satisfied with TurboTax, a full refund of the purchase price is claimed by it.
V. The online edition of TurboTax is free until the tax return files are electronically printed.

What level of protection does TurboTax offer?

With TurboTax, its users are required to fill some sensitive data like bank account and certain tax documents. The safeguards provided by TurboTax are:

I. For every account, every user will have their own unique sets of username and password. Its two-step verification process enables users to generate a one-time password liked with the users’ email or phone number.
II. It offers bank-level security for every transaction over the Internet.
III. Turbotax uses TLS encryption that is better than the commonly-used CRA standards.

Why choose TurboTax to others?

Filing and getting the desired tax-related information is online and thus its instant. Also, it provides real-time information on the status of the refund.

The RRSP Optimizer helps in deciding the optimum RRSP contribution so it can increase the tax refund Or lower the tax owing.

For those who are having corporate or CPP income, TurboTax helps in suggesting the best distribution of an individual’s income.

To help with the accuracy of the return, TurboTax saves last years data.
TurboTax also helps its users with money-costing errors or money-saving opportunities.

eLoan Canada extend it’s best wishes for a happy holiday season and a New Year filled with Peace, Joy and Financial Success!.


How Fast Can I Get My Tax Refund Canada?

How Fast Can I Get My Tax Refund in CanadaYou’ve completed your return, filed your taxes, and entitled to a refund! Now waiting and want to know, how fast can i get my tax refund Canada? How fast you can receive your Canadian tax refund depends on a number of factors but what generally affects most; when and how you have submitted your income tax return?

If you have filed your tax return in January and looking forward to receive your Canadian tax refund, most probably you will get it in March because the Canada Revenue Agency (CRA) will generally start processing your income tax returns until mid-February, 2016. However, how long does it take to get your tax return after it’s been mailed and or NetFile via online? Your mail return will take 3-5 days and where your Canadian tax return online return will get instant delivery. Anyway, here are some of the important tips that will make maximum as well as fastest tax refund possible for you.

1. Complete tax return online

Online return submission brings you the fastest way to get tax refund Canada! The Canada Revenue Agency advises; if you want to receive your tax refunds more quickly, use the online tax return form to file taxes online, submission is simple, easy and secure. Although, you are welcome to file your Canadian income tax returns through software or manually by completing a paper return but if it’s feasible try to switch towards hassle free, fast and convenient way, use certified tax software to file your return, it will transmit your return fast, easy, and secure. If you have already registered for My Account, you will observe new Auto-fill my return feature that will make the online filing process for you even simpler, enjoy the benefit of auto filling return service to automatically fill in the parts of your income tax and benefit return. Moreover, according to the Canada Revenue Agency, it usually takes four to six weeks (4 weeks if returns filed before April 15, and about 6 weeks if filed after April 15) to process your paper tax returns where electronically filed tax returns using NetFile, EFile, or Telefile are processed within two weeks.

2. Sign up for Direct Deposit

How fast can I get my tax refund Canada? It depends on your receiving mode; to avoid delay of being getting your refund cheque through regular mailing at your physical address, you should sign up for the direct deposit to receive your refund fast and directly into your selected bank account. Although your refund may be delayed for next few days in physical delivery but it will save you waiting and you will get great confidence in receiving your refund directly and on time. You should sign up for direct deposit by mailing the request form to CRA or as well as at your CRA; My Account; always try to update your banking information to avoid further delays. Moreover, you should get registered yourself at The Canada Revenue Agency prior to submit your return, as your direct deposit requests may take time to process.

3. Make your account up to date

Your outstanding balance will delay your tax refund! If there is any amount that you owed money to a government agency like balance due from your last year’s return, provincial fines, employment insurance benefits, or else, your refund may be all or partly delayed for the next few days.

4. Add and edit personal changes

There are varieties of little things that happen in our life, seem less importance and often overlooked, like change in our home address requires us to keep it updated on time especially where its mostly needed. It can cause delay in getting your tax refund Canada, in case you’ve relocated to a new place and you didn’t update it with the CRA record. Do you know your file with CRA holds your old address when you submitted your return last year than your tax return that you are filling this year; it will make difficult for you to NetFile because it require exact match for all those kind of important facts. Moreover, even a smaller mistake like an incorrect number of your home address can even because you delay in getting refund. So to avoid delay you should update, and or edit your mistake before filling your return.

Remember, your CRA My Account gives you opportunity to keep your personal details accordingly; you can login to your account to ensure, and or easily edit information online in your account to get instant update to your file with CRA. It’s better to get an account (My Account) with the CRA but you may also request an update through phone or mail to add or edit your home address.

How fast can i get my tax refund in Canada, completely depends on you, you should take care of the important changes to carefully update them on time with the CRA and switch the manual way you used to file your tax return with an online.

Conclusions

Canadian tax refund process is simple and easy to follow, keep it as it is to get quick results; filing your return electronically, signing up for the direct deposit, and keeping your personal information up to date, you can receive your refund in as little as within a week. That’s the way, how fast do i get my tax refund Canada. You should prepare yourself in advance to start taking advantage of the online tax filing; sign up for a CRA My Account to take benefit of an easy and secure platform online, being the registered member; you will get full access to find out your account status, past returns, carry-forward entries, banking and personal information. To keep your account up to date you can easily edit and add new personal and banking information online. For more information, news update on Canada tax laws and to create your account, you should visit the Canada Revenue Agency website , you can also find out via Tax Information Phone Service (TIPS) by dialing 1-800-267-6999 FREE about your Tax return, if it has been processed then when you will be expected to receive your refund.


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