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Showing posts with the label taxes

Free Tax Software - reviews
Software de impuestos gratis - críticas
Logiciels d’impôt gratuits - critiques

I finally finished filing my 2020 taxes over the weekend - the Canadian tax return on Saturday night and the US on Sunday night (and FBAR the weekend before - wish the CRA provided a standard e-file system like the one for FBAR ). I spent more time than I should have on the Canadian return due to difficulties in finding free software that would meet my needs, so I will share my reviews of the Canadian tax software that I have tried so far. My particular needs: T1135 - Foreign Income Verification Statement Rental income ( T776 ) with CCA (Capital Cost Allowance - Canada's depreciation) Investment income - Canada and foreign (US) Wages (Canada) The ability to e-file all returns I used SimpleTax for my first tax year in Canada (2018 tax year), then switched to StudioTax last year for 2019 and was happy with it until they started charging this year for 2020. It is still free with the phone app but not with the computer program; theoretically, you could prepare your return on your c...

Tax guide for US citizens living in Canada
Guía de impuestos para los estadounidenses que viven en Canada
Guide des impôts pour les Américains qui habitent au Canada

Introduction July 1, 2019. Happy Canada Day! I had hoped to put out this tax guide by June 15 to coincide with the US tax return due date for US persons living abroad , but I had just finished setting up my 2019 tax workpapers and calculating my 2019 estimated tax for Canada and the US and paid Q2 estimated taxes (called Instalments in Canada) just in time, and uh, the time has been passing me by as it often does. So, this will be my Canada Day gift to you all. I have spent most of this Canada Day weekend writing up this guide. Better than last year's Canada Day weekend, which was entirely spent doing a long take-home assignment for a job I was interviewing for and eventually did not get. Hmmpfffffff. But I have more peace of mind now, after sorting out and writing about tax matters that are relevant to me. I took my time to research, think about, and set up workpapers for my 2019 taxes. For the 2019 tax year, besides the normal wage income, I have interest income from a num...