She says to simply set up a phone call or one-way video call to review your tax documents before they file for you. You can schedule a time to connect with the tax expert when it is most convenient for you, from the comfort of home. If you’re registered for GST/HST, they will handle that return for you as well at no extra cost. A TurboTax expert who knows everything about filing a self-employed income tax return accurately will do your taxes for you. She recommends leaving your taxes to the experts and go with TurboTax Live Full Service Self Employed. Turbo Tax is widely recognized as one of the best tax filing solutions on the. Would you like stay on the current session Your session has timed out due to an extended period of no activity. It can be found at TurboTax.ca under the “self-employed” category.Īlmeida then suggests using technology to your advantage. Turbotax.ca/download - Intuit TurboTax is our best overall pick for small. For security reasons, your session is about to end due to an extended period of no activity. Rating methodology Our ratings system is pretty simple. It’s super easy to use, imports your previous tax data, keeps running total of your balance while you’re working (saving any nasty surprises at the very end), and has a number of excellent guarantees. Not sure what to include? TurboTax has a Self-Employed Checklist which you can download and use every year. TurboTax is one of Canada’s most popular tax preparation apps for a reason. In addition to your usual tax receipts, such as T4s, childcare, investments, etc., you will also need to collect the receipts for your business. Almeida says unless you are sure you’re going to get a refund, you can avoid interest or late payment penalties by ensuring you get your taxes in order by May 2.Īlmeida suggests getting organized now. However, if you owe money to Canada Revenue Agency (CRA), that amount is still due by May 2nd, despite mid-June filing deadline. The self-employed tax filing deadline for Canadians is June 15. Trusted by millions of Canadians for over 20 years. With so many self-employed workers in the past two years, she says many are not up to speed with what to do when it comes to filing their tax returns.Īlmeida consulted a friend at TurboTax Canada to provide a few quick tips for self-employed individuals. Simple returns are free and standard returns are only 19.99/return. Whether you have a simple return, own property or a small business, or want to prepare your return on your mobile device, TurboTax can meet your needs. Almeida says she has mom-friends with interior design companies, home-based bakeries and more. TurboTax (Canada) Review Rated 1.00 out of 5 based on 2 customer ratings ( 2 customer reviews) 0.00 19.99 Per Return Easy to use tax software approved by the CRA. TurboTax is a Canadian income tax software that allows you to prepare your taxes online and submit your income tax return directly to the CRA. We may all know someone who has a side hustle or identifies as self-employed. Lifestyle expert Lena Almeida shared tips from TurboTax Canada for self-employed filers. If you started a small business during the past two years, you’re in great company! Two million Canadian entrepreneurs – including a large percentage of “mompreneurs” – created businesses during COVID-19.
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