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Don’t pay someone to file your taxes

There is an easy way to do it yourself (and it's free).
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June Weekes, April 26, 2013 2:06:29 PM

It’s that time of year again: tax time. I don’t know about you, but I’ve been avoiding it like the plague. Unfortunately, with that April 30 deadline looming I can’t afford to put it off any longer and let’s be honest – you can’t either. After the chore of organizing your receipts and financial slips, the costs associated with filing your taxes can be a major pain in the bum. Whether you’re primed for a hefty refund or not, no one wants to pay to have Revenue Canada breathing down their neck. Not to fear – this week we’re suggesting a much cheaper alternative for filing your claim.

Professional option

For most Canadians, it can cost anywhere between $100 to $200 to have your taxes done by a professional. With the deadline just a few days away, companies like H&R Block are trying to make things easier for us procrastinators by offering their services at a discounted rate – right now you can get your taxes filed for only $69.95. Not bad, but we can do better.

Online option

Simple Tax is a free (that’s right – free) Canadian based website that makes filing your taxes easy (never thought I’d use that word to describe taxes). Not only do they take the complication out of doing your taxes, you can see the amount you can expect to owe or get back as you enter all your financials. When it’s all done, file your return through Netfile and volia! No need to think about the process until 2014.

Overall savings

With Simple Tax being a free product, you’ll be saving anywhere from $69.95 to $200 to file your return. Once you’ve finished entering your information, you can choose to give back to this homegrown startup by donating any amount. Whichever way you slice it, Simple Tax is a win-win.

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