Simpletax Options for Small Business and Individuals

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Simpletax is a popular tax preparation software that offers a range of options for small businesses and individuals.

You can choose from two main plans: Simpletax Basic and Simpletax Premium.

The Basic plan is perfect for individuals with simple tax returns, costing only $0 upfront and $0 per return.

With Simpletax, you can file your taxes online from the comfort of your own home, saving you time and hassle.

Simpletax is designed to be user-friendly, with a simple and intuitive interface that guides you through the tax preparation process.

Broaden your view: T1 Simpletax

Choosing a Tax Software

For most relatively simple tax returns, both TurboTax and Wealthsimple Tax will get the job done, but TurboTax has a slight edge in terms of features.

SimpleTax offers a "pay what you want" pricing model, which can be a more attractive option for those who value using a purely Canadian company.

The company behind SimpleTax, SimpleTax Software Inc., was born out of frustration with the existing tax software options, which were poorly designed, slow, and expensive.

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The bigger problem SimpleTax aims to solve is the fear people have of doing their own taxes, and the company believes that with the right tool, most Canadians should be able to complete their own tax returns.

Hundreds of thousands of returns later, SimpleTax has been well-received by the public and has received coverage from various media outlets, including Betakit and the Globe & Mail.

Filing and Features

Simpletax offers a range of features to make your tax filing experience seamless. With their plans, you can file up to 9+ returns per account, depending on the plan you choose.

The Plus and Pro plans come with audit protection, which provides support in case of a CRA or Revenu Québec review or audit. This feature is not available with the Basic plan.

You can also take advantage of year-round tax advice with the Plus and Pro plans. This means you'll receive updates on changes in the Tax code and get tips on planning ahead for next year's taxes.

Simpletax's platform features are designed to make your life easier. Here are some key benefits:

You can email Simpletax's friendly support team at any time, regardless of your plan.

Delegate to Someone Else?

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If you're not confident in preparing your own tax return, you can let a professional handle it for you. Blackspark offers online, remote personal tax preparation for a fixed fee.

You'll have a licensed Canadian chartered accountant work on your return, someone who's an expert in the Canadian tax code. This way, you can focus on other things while knowing your return is in good hands.

Their proprietary technology makes it easy to get your details to them.

Platform Features

Our tax platform is designed to make filing your taxes as smooth and efficient as possible. We've got a range of features that help you optimize your credits and deductions.

You can file up to 2 returns with our Basic plan, or up to 8 returns with our Plus plan, and 9+ returns with our Pro plan. This means you can take care of all your tax needs in one place.

Our platform automatically imports your tax forms from the CRA, so you don't have to worry about manually entering all your information. This feature is included in all our plans, from Basic to Pro.

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We also help you keep track of your data security and privacy, so you can rest assured that your information is safe with us. This is a feature that's included in all our plans.

Our Plus and Pro plans come with audit protection, which means our team of experts will help you in the event of a tax audit. This gives you peace of mind and helps you navigate any complex tax issues.

One of the benefits of our Pro plan is that you get a one-on-one 30-minute live consultation with a tax expert. This is a great opportunity to get personalized advice and guidance on your taxes.

Here are some of the key features of our tax platform:

Benefits and Costs

Simpletax offers several benefits, including the ability to file your tax return online in just 10 minutes, as opposed to spending hours on paperwork. This convenience can save you a significant amount of time.

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One of the key benefits of simpletax is that it's free to use, with no hidden fees or charges. This can be a huge cost-saver for individuals and businesses alike.

Filing your tax return with simpletax can also help you avoid penalties and fines, which can be costly if you're late or make mistakes. In fact, simpletax reports that 9 out of 10 users receive their refunds within 2 weeks of filing.

Another benefit of simpletax is that it's designed to be user-friendly, with a simple and intuitive interface that makes it easy to navigate and complete your tax return. This can be especially helpful for those who are new to tax filing or have complex returns.

Simpletax also offers a guarantee that your refund will be at least as much as it would be if you filed through the ATO, so you can trust that you're getting the best possible outcome.

Basic Options

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Simpletax offers a range of basic options to make tax time easier.

You can lodge your tax return online or by mail, whichever suits you best. Simpletax provides a user-friendly online platform that guides you through the process step by step.

Their online system is designed to be accessible from any device with an internet connection, making it easy to lodge your tax return from anywhere.

3 Free Options for Simple Tax Returns with TurboTax

If you're looking for simple tax returns with TurboTax, you've got three free options to choose from.

The TurboTax Freedom Edition is a great choice for those who are eligible for the Earned Income Tax Credit (EITC).

With this option, you can file your taxes for free, even if you have investment income.

The TurboTax Basic Edition is another option that's free for those with simple returns.

This option allows you to file your taxes for free, as long as you're not claiming any dependents or itemizing deductions.

TurboTax also offers the TurboTax Military Edition, which is free for active military personnel and their spouses.

Basic

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The Basic options are a great place to start when exploring your tax return options. This package guarantees your maximum refund, so you can be sure you're getting the most back.

One of the key benefits of the Basic options is that it optimizes credits and deductions for the best result. This means you'll get a more accurate refund than if you were to do it on your own.

Here are the key features of the Basic options at a glance:

  • Guarantees your maximum refund
  • Optimizes credits and deductions for the best result

Frequently Asked Questions

What happened to SimpleTax?

Wealthsimple acquired SimpleTax and is now rebranding it as Wealthsimple Tax. The acquisition brings SimpleTax under the Wealthsimple family, offering a more comprehensive financial management experience.

Who qualifies for simple tax return?

You may qualify for a simple tax return if you're self-employed, a small business owner, or have income from investments, rental properties, or 1099 tax forms. Check your tax situation to see if you can file a simple and straightforward tax return.

Is Wealthsimple tax safe?

Wealthsimple Tax is certified by the CRA and Revenu Québec, ensuring accurate calculations and maximum refunds. Our tax service is secure and reliable, backed by a full User Agreement.

Lee Kuhn

Senior Copy Editor

Lee Kuhn has spent over two decades refining his craft as a copy editor, honing a keen eye for detail and a passion for precise language. His expertise extends to a variety of fields, with a particular focus on the intricate world of Finnish banking. Lee's rigorous approach to editing ensures that every piece he touches is not only free of errors but also clear and compelling.

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