turbotax online Archives - Mommy Kat and Kids

I’ve always enjoyed the challenge of doing my taxes, but it was after I started my website that I grew to enjoy it even more. Despite the fact I generally have to make payments at the end of the year, I look at those payments as a testament to the hard work I’ve done and the money I’ve made. Knowing I’m supporting my family doing what I love is one of the greatest feelings in the world.

But even though I don’t mind the effort involved, filing taxes does take up quite a bit of my time. I’ve always used the old-fashioned pen and paper method but this year, for the first time, I went digital with help from TurboTax Canada. Using the TurboTax Home & Business edition I was able to quickly and efficiently organize my tax information and get my taxes filed!

What I love about TurboTax is the way it automates some of the lengthiest aspects of tax filing, like the many math calculations. By simply entering my basic income information, TurboTax will calculate the amount of tax I have to pay. Then I answer a few simple questions about my life and family to calculate my non-refundable tax credits and any other deductions as well. [Read more…]

Tax time is in full swing here in Canada, and that means that it’s time to organize paperwork and start filling out forms to ensure the maximum possible refund, or the minimum possible payment! This year I’ll be using TurboTax to help me file online and I’m so excited to finally see for myself how quick and easy filing online can be. Since TurboTax offers both an accurate calculations guarantee and a maximum refund guarantee, I know that there’s no risk of having to pay a penalty or miss out on potential savings.

If you’re starting to organize your paperwork for tax time, there are a few often-missed Canadian tax deductions that you should make sure to consider as well. After all, even small amounts saved can help lower the impact of tax season…or make that refund cheque even bigger! These four tax deductions are among the top ones missed by Canadians when filing taxes:

Medical Expenses

Since Canada provides basic healthcare coverage to its citizens, medical expenses aren’t something often claimed by families. But other out-of-pocket medical expenses can really add up during the year. Dental appointments, medical prescriptions and travel medical insurance can all be claimed as medical expenses. So can hearing aid batteries, healthcare premiums paid to an employer’s healthcare plan and travel expenses incurred to obtain medical services. [Read more…]

Try TurboTax Online for Filing Your Taxes and Say Goodbye to Paper Forever-Giveaway

Don’t Forget To Claim These 4 Often-Missed Canadian Tax Deductions

Medical Expenses