11:58 pm
November 22, 2023
I've been using Ufile to file my T1 the past few years and realized that they've increased their price (even with the current discount!). Therefore, I've started looking at alternatives. I was surprised that Wealthsimple Tax is free can do a wide range of returns. "Free" makes me a little wary so I wanted to check with a wider audience. Perhaps it's a way to bring new clients into their other lines of business?
Does anyone have any experience or thoughts about their tax software? Any other tax software recommendations? I was also considering TurboTax. However, if I can do my taxes for free with Wealthsimple, it's hard to argue with that!
Thanks in advance!
10:40 am
December 12, 2009
I second Briguy's preference for Wealthsimple Tax. Ufile is over-priced and following an antiquated business model, even as they continue to bleed net new customers. They also have stopped innovating years ago since selling out to Thomson Reuters, and they increase prices by shrinkflation by limiting the number of returns over $20,000 to 4, and yet not including a family pack to Ufile Online.
Go with Wealthsimple Tax. They are Canada's biggest online tax preparation service.
Haven't used it, but a runner up to Wealthsimple Tax is CloudTax, if you don't want to be part of the WS ecosystem (although they do separate their non-tax filing and tax filing clients). It's like the old SimpleTax.
In third place, if you prefer desktop, go with GenuTax Standard.
Cheers,
Doug
10:44 am
December 12, 2009
Briguy said
I really trust Ufile's maximizing of tax deductions so I don't mind paying the money, but I've used WS too and like it.
I've tested this, and cannot find any difference between Ufile and WS. Ufile does this no better than WS. Also, I still pay for WS, even though it's a "pay what you want model". I typically pay $20 + GST, which is about what Ufile charges. If Ufile gave unlimited returns over $20,000 and unlimited returns for Ufile Online, I'd reconsider them (as I would reconsider TurboTax); however, they don't.
This is the only thing which you've said which I cannot verify or agree. In short, the claim that Ufile maximizes deductions better than Ufile is false, just as the claim that TurboTax maximizes deductions better than Ufile or WS. It's marketing propaganda peddled by the tax software companies. 🙂
Cheers,
Doug
10:47 am
October 27, 2013
11:10 am
March 17, 2018
Doug said
I've tested this, and cannot find any difference between Ufile and WS. Ufile does this no better than WS. Also, I still pay for WS, even though it's a "pay what you want model". I typically pay $20 + GST, which is about what Ufile charges. If Ufile gave unlimited returns over $20,000 and unlimited returns for Ufile Online, I'd reconsider them (as I would reconsider TurboTax); however, they don't.
This is the only thing which you've said which I cannot verify or agree. In short, the claim that Ufile maximizes deductions better than Ufile is false, just as the claim that TurboTax maximizes deductions better than Ufile or WS. It's marketing propaganda peddled by the tax software companies. 🙂
Cheers,
Doug
For me, I compared a few programs some years back and I got the highest cash back from Ufile. Everyone's experiences may vary. I tried both for my son last year and the cash back was the same.
Also, I remember reading last year on RFD of a couple of errors that WS made, whereas I didn't read about any UFile errors, eg. WST only picked up one box 135, while GenuTax picked up both. You had to manually add both 135 together and enter the total into WST. (I think box 135 is Recipient-paid premiums for private health services plans)
11:11 am
October 30, 2023
11:39 am
November 16, 2019
serendipity said
I use Studio Tax. It’s now $15.I like it because:
The files remain on my hard drive vs a cloud.
Support is quite fast.
Only has one quirk to get used to - must enter GICS by % on both returns.
I do 3 returns for $5 each …. Less than gas to drive to H&R Block.
They offer a Mac version.
Have used Studio Tax for 10 plus years, used to be free but even at $15 its' great if you file several returns for others (up to 10 returns I believe).
1:00 pm
October 30, 2023
1:35 pm
October 27, 2013
serendipity said
@BobLooks like 20 as most others do. Which is more than generous. Must be a federal requirement?
CRA has a limitation of 20 on Netfiling per computer per bottom of this link https://www.canada.ca/en/revenue-agency/services/e-services/digital-services-individuals/netfile-overview/certified-software-netfile-program.html
7:48 pm
November 22, 2023
4:39 am
March 17, 2018
canuckles said
Thanks for everyone's input! WealthSimple Tax sounds pretty good.Thanks for the Studio Tax suggestion. I'll take a look. I don't mind paying $15 to stay off the cloud.
WealthSimple Tax is a lot more user friendly than Studio Tax with more help. I wold only recommend Studio Tax if you are very knowledgeable with completing tax AND/OR don't want your info stored in the cloud.
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