Earlier this week we looked at TurboTax, which is the top selling tax software in Canada. But there is another well known program that has been gaining momentum. UFile is a serious contender in the Canadian tax preparation market.
The interview process in UFile works well, though not quite as comfortable to use as the TurboTax interviewer. UFile also includes their MaxBack Refund Analyzer, which looks at the whole family to best suggest deductions, credits, and pension splitting.
UFile’s biggest strength is in their pricing. While there are free tax programs for Canadians, you may be willing to pay for a more polished and user friendly product. Ufile is only $19.99, half the price of TurboTax Standard. Ufile’s cost effectiveness becomes even more apparent when compared to higher version’s of TurboTax, many of which add features that are in the one version of UFile. There is a Plus version of UFile that is recommended for those that are self employed.
UFile also has online versions, which are free for some if you’re either a student or have an income of less than $20,000. This Friday, February 26th, is Free File Friday for Canadians age 60 or over. You’ll only need to accept the free offer on Friday to qualify. You can then enter your taxes at a later date once you round up all your documents.
Check back next week for reviews of StudioTax and Udotaxes. Both are completely free, though they do accept donations.