How to File Your Taxes Online for Free in 2021 with CRA Certified Tax Software
If you are looking for a way to file your taxes online for free in 2021, you have several options to choose from. The Canada Revenue Agency (CRA) has a list of certified tax software that you can use to calculate and file your taxes electronically. Some of these software are free or have a pay-what-you-want model, while others have free offerings based on your income level or tax situation.
In this article, we will explain how to use the CRA certified tax software to file your taxes online for free in 2021, and what benefits you can get from doing so.
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What is CRA Certified Tax Software?
CRA certified tax software are software products that have been tested and approved by the CRA to meet their technical and security standards. They use the CRA's NETFILE web service, which allows you to submit your tax return directly to the CRA over the Internet. You can find a list of CRA certified tax software on the CRA website.
How to Use CRA Certified Tax Software to File Your Taxes Online for Free in 2021?
To use CRA certified tax software to file your taxes online for free in 2021, you need to follow these steps:
Select a software product that suits your needs and preferences. You can choose from online, downloaded, or installed software, or mobile apps. You can also filter the list by tax year, platform, company name, or features such as ReFILE, Auto-fill my return, Express NOA, or T1135.
Check the eligibility criteria and the cost of the software product. Some software are free for everyone, while others are free only for certain income levels or tax situations. For example, TurboTax Free for Windows is free for simple returns with no income limits, while H&R Block Online is free for students and people with income under $25,000.
Create an account with the software provider and follow the instructions to complete your tax return. You will need some information such as your social insurance number (SIN), your date of birth, your notice of assessment (NOA) from a previous year, and your tax slips and receipts.
Review your tax return and make sure everything is accurate and complete. You can use the software's features to check for errors, optimize your deductions and credits, and estimate your refund or balance owing.
Submit your tax return electronically using the NETFILE service. You will need an access code that is located on your NOA from a previous year. If you do not have an access code, you can still file your tax return, but you will not be able to use some information from it to confirm your identity with the CRA in the future.
Receive your notice of assessment (NOA) and your refund or pay your balance owing. Depending on the software product you use, you may be able to receive your NOA electronically through Express NOA or by mail. You can also check the status of your tax return online using My Account or by phone using Telerefund or TIPS.
What are the Benefits of Using CRA Certified Tax Software to File Your Taxes Online for Free in 2021?
Using CRA certified tax software to file your taxes online for free in 2021 has several benefits, such as:
Saving time and money. You do not have to pay for a paper tax return or a tax preparer, and you can complete your tax return faster and easier using the software's features and guidance.
Getting a faster refund or paying less interest. If you file your tax return electronically and sign up for direct deposit, you can receive your refund within two weeks or less. If you owe money to the CRA, you can also pay online using various methods and avoid late payment penalties and interest.
Accessing more services and information. You can use the software's features such as ReFILE to change your tax return after filing it, Auto-fill my return to automatically fill in parts of your tax return using information from the CRA, Express NOA to receive your NOA electronically right after filing your tax return, or T1135 to report foreign income and assets.
Protecting your personal information and identity. The CRA certified 06063cd7f5