TaxTron Review: Flexible Tax Filing for Personal and Corporate Returns
There is no shortage of Canadian tax software companies claiming to have something for everyone. But one company may be able to back it up. TaxTron is a lesser-known tax software brand, but what they offer may surprise you.
In addition to filing tax returns for individuals and families, they have software dedicated to corporate tax filing, as well as tax practitioners to file returns for their clients. In fact, they claim to be the first tax software company in Canada to offer a web-based corporate tax filing application.
TaxTron is yet another tax software program available on both Mac and Windows-based computers. According to their company profile, TaxTron’s goal is to “help as many people with their income tax returns in Canada as possible by offering flexible Canadian tax software.” With that in mind, they allow users to complete their return English or French, have software that can handle personal and corporate tax returns, and allow low-income individuals and students to file for free.
The TaxTron Product Lineup
TaxTron offers no fewer than five distinct versions of their tax return software, which can be downloaded for use on both Macintosh and Windows computers. They also have a web application for corporate returns.
If you only have one personal income tax return to file, an individual license should be all you need. Electronic filing, via NETFILE, is supported for 2017, 2018, 2019, and 2020 tax years. If you’re using a Mac, you’ll need to have a Mac OS of 10.9 or higher to file your 2020 return. Windows users will need to have Windows 10, 8, 7, or XP.
If you’re filing taxes for a family member i.e., spouse, or you have members of your household who require additional licenses to file their own taxes, you’ll need to open a TaxTron family account. Depending on the income of each individual, a family license can cover up to 20 returns.
TaxTron Corporate (Single License)
If you own a corporation and plan to file your own tax return, you can do so with a TaxTron Corporate single license. If you are claiming a Net Loss for tax purposes, you can even file for free. To file electronically, you will need a web access code. If you don’t have one, you can obtain it directly from the CRA. The corporate license is available on both Mac and PC for less than $100 each.
TaxTron Professional (Personal and Corporate)
Tax professionals who are efile certified can prepare and file returns for their clients using TaxTron Professional. Only returns for 2017, 2018, 2019, and 2020 tax years can be filed electronically, however. You would need to prepare and file a paper-based return for any previous year.
Here is a breakdown of the different tax software versions offered by TaxTron, along with the respective pricing. Keep in mind that full-time students and individuals with an income of less than $31,000 can file their tax returns for free with TaxTron.
Software Version Pricing
TaxTron Individual License for Macintosh $19.99
TaxTron Individual License for Windows $12.99
TaxTron Family License for Windows $24.99
TaxTron Family License for Macintosh $39.99
TaxTron Corporate (Single License) for Mac $99.99
TaxTron Corporate (Single License) for Windows $99.99
TaxTron Professional for Macintosh $595.99
TaxTron Professional for Windows $249.99
TaxTron Corporate Professional for Macintosh $249.99
TaxTron Corporate Professional for Windows $249.99
TaxTron Customer Support
There are several levels of support available through the TaxTron website. They have an FAQ section that provides information on everything from using NETFILE to preparing a spousal return. If you can’t find your answer, access the TaxTron KnowledgeBase from the Support Centre, or submit a request for technical support.
Sometimes you need to talk to a real, live human being. If that’s the case, TaxTron has you covered. They have local phone numbers in five major cities, which are rerouted to their head office in Toronto. You can also send them an email if you don’t need an answer immediately.
Most tax software programs cannot accommodate every single tax credit and deduction from ten different provinces and 3 territories. TaxTron is no different. Before you start your return, I recommend that you browse through their exclusions list to make sure they won’t impact your return. With that in mind, TaxTron can handle the returns of the vast majority of Canadians.
Final Thoughts on TaxTron
While TaxTron isn’t as well known as other tax preparation software, like TurboTax, UFile, or Wealthsimple Tax, they get many things right and seem like a worthy competitor. For starters, the pricing is right, with free returns available to students and low-income individuals, including seniors.
They offer several layers of customer support, including via email and telephone. Lastly, they offer dedicated software for corporate returns and tax professionals. That’s something you don’t see with most tax return software companies.