Why was this article not helpful? The article is difficult to understand. What can we do to improve this article? What to do if you lose the activation code. On This Page. How can we help? Still need help? Or Contact Us:. Please sign in with your Quicken ID. We'll find your account and get you to the right team.
Help purchasing or renewing. Chat now. Pop-up blockers may prevent chat from opening. Please turn off any pop-up blockers on your browser before opening chat. Designed for simple returns, it does not include income from investments and self-employment.
The only other requirement is access to a computer with an Internet connection. Users can prepare their tax return in minutes, file with NETFILE, and receive their refund in as little as eight days, compared to four to six weeks for paper returns. QuickTax users can also be confident they're preparing their taxes properly and getting every refund dollar they deserve. They'll even save the price of a stamp. It also skips questions that don't apply to a user's specific circumstances, speeding up the entire preparation process.
Again, the automatic update process may be thwarted by your firewall software, so make sure you set your firewall program to allow communication from the QuickTax components. There are two ways to prepare your tax form, and you can select which method you want to use from the first screen. The EasyStep method will walk you through each of the steps, asking relevant questions and then filling in the information automatically.
The Forms method allows you to enter in the information manually, if you're already familiar with the process of filing your income tax and know exactly which forms you need to enter your data. Even if you start in EasyStep, you can detour and go to the forms to enter data manually. The EasyStep filing method starts you off with the very basics - your name, birth date and Social Insurance Number - and works its way into your tax return from there.
All throughout the process, the right-hand side of the screen features a bar listing your "Tax Due," a list of questions relevant to the section you're currently working on ie. As you start filling out relevant information, the screen will occasionally split into two parts, with you entering data on the top, and the form itself appearing on the bottom half of the screen.
A yellow box will highlight the area you're working on, in the bottom half of the screen. After entering all personal data, the program asks whether you're an employee, self-employed, retired, a student or if you have investments or RRSPs.
Depending on how you answer, the program may recommend that you upgrade to a more specialized version of the program, downloadable on the spot for an additional fee, though the company also states that the Standard edition should still be able to handle most situations. For those who want to upgrade to a more specialized edition of the QuickTax program, the QuickTax Custom Editions package is suitable for self-employed users allowing them to track expenses through the year, and special tax-savings tips for business owners , retirees featuring retirement income planning, a medical expense optimizer, and Canada Pension Plan sharing and income optimization and investors with a tracker for stock trades, investment videos and more.
The QuickTax Platinum version contains the entirety of the QuickTax line, and is the best choice for those who will need to file multiple types of returns in a single year. Though you can download the appropriate updates from the Standard version of QuickTax, the more specialized versions of the program are also available for purchase at retail.
Video demonstrations are available throughout the process; when you opt to view one, a multimedia Flash video will appear, with voiceover telling you useful tips about filling out your forms. Throughout, especially if you delve down into more specialized areas featuring expenses, self-employment information, and so on, there will be linked keywords that you can click for more information.
For example, if you have specific expenses you want to claim, clicking on the link beside a certain expense classification will let you know what qualifies for each option; similarly, any spot where you have to enter a specific type of data that may not be straightforward business code, class number for small equipment purchases , hot-links will open up a window detailing different possibilities, allowing you to select the most appropriate one.
Once you've gone through all of the steps, the program will point out tax-saving opportunities for you. Unfortunately, these tips can be pretty general, and may not offer any savings to you at all; really, it's just forcing you to take a second look at your tax return and deduction opportunities, to make sure you haven't missed anything.
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