9/17/2023 0 Comments Turbotax canada review![]() ![]() Moreover, and I can’t stress this enough because I’m not joking when I say I’ve received hundreds of messages, comments, and emails asking me tax questions…it’s worth it to pay for professional tax advice! Even I, a money expert, pays for tax advice. TurboTax, in addition to their do-it-yourself software, now offers TurboTax Live Full Service Self-Employed for people, like me, who are happy to pay a little more to have a seasoned tax professional prepare, sign, and file your taxes for you.Īs you can see from my video tutorial above, it’s so easy to get your taxes done this way, especially if you don’t have a tax accountant and want a way to easily get started filing your taxes online ASAP. What Is TurboTax Live Full Service?īut this year, I’m trying something new. So to me, working with someone provides me with some much-needed peace of mind and guidance during tax season. Every year, my business is a bit different and I usually have a small list of questions compiled to ask my accountant. The other part is I like asking questions and getting advice. I feel more confident having a tax professional do it for me and find deductions and credits I wouldn’t have thought of. For me, it’s partially a confidence thing. I always pay for someone to prepare and file my taxes. And because of that, I don’t stress out when it’s time to file my taxes.īut there’s one thing I refuse to do anymore. Since I’ve been doing this for 4 years now, I’ve got my accounting system running like a well-oiled machine. I also do my own bookkeeping once a month to keep on top of everything. I now use accounting software, in addition to my spreadsheet (because I love spreadsheets!) to keep everything in order. Then in 2017, I became fully self-employed, and continue to be today! But oh boy are my taxes way more complicated. And for most of those years, I used TurboTax too. It just required another spreadsheet to track my business income and expenses really. Still, it was easy enough to organize my taxes. I moved to Toronto, worked for various employers (I think I switched jobs 4 times!), and also started earning some self-employment income through my blog and podcast. And I used TurboTax for most of those years.įrom 2013-2017, things got a bit more complicated. I got my T4s from my employers, had a few tax deductions from charitable donations and RRSP contributions, and that was about it. ![]() I worked two jobs, one in sales and marketing for a newspaper during the day, and another as a teleprompter operator for the news at night and on weekends. From 2010-2013, my taxes were super simple. Up until 4 years ago, I was an employee at a company. How I’ve Filed My Taxes Over the YearsĪ little background about me just in case you don’t know my story. driving Uber, delivering Skip the Dishes) or starting their own online businesses, I have gotten the most tax questions I have ever gotten in the past 12 months!įirst off, if you are self-employed or earned any self-employed income this year, I highly recommend reading my posts on self-employed taxes in Canada and sales tax in Canada so you’re fully in the loop before you get to the next important step of actually filing your income taxes this year.īut if you are ready to file, I’m going to help you understand how TurboTax, one of my personal favourite tax software, has pretty much every option available to you so you can file your taxes quickly, correctly, and without that dreaded tax season headache. All views and opinions expressed represent my own.Ĭlick here to download my free Tax Prep Checklistīecause so many people received CERB this year, and because there has been an influx of people doing side hustles (i.e. This post is sponsored by TurboTax Canada. ![]()
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