Taxes

A comment on my previous post asked how I have got into doing taxes, and where I learned the skills to do so. Other than my courses that I have taken towards my BBA in accounting I have some work experience that has helped me tremendously in figuring out how to do taxes.

I worked for Intuit in their QuickTax support team. This gave me a great base of knowledge about how the Canadian tax code works as well as the computer skills needed to complete tax returns. For 90% of people these are surprisingly easy and you can do it yourself with QuickTax Online.






Because I am a small tax preparer I use this software to complete the returns I do for others. It costs me only $13.00 per return that I complete. If i were to use the professional version called profile it would cost $25.00 per return until I have done enough returns to cover the $400.00 cost of the software. In other words I will need 31 clients to recover break even on cost with the professional version.

The best thing about using quicktax online is that you do not need to pay until you want to file your return! Give it a try at www.quicktax.ca. Or you can contact me to do your next Canadian tax return. It is never too late to file, failing to file your return is against the law.

canadianfinanceguy at gmail dot com