Top 3 Tax Software Options in Canada for 2023: Compare and Choose the Best One for You | Milesopedia
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Top 3 Tax Software Options in Canada for 2023: Compare and Choose the Best One for You

To the point Find the top tax software options in Canada for 2023 and choose the best one for your needs. Compare features and prices to make the right choice.

2023 has been steaming ahead, hasn’t it? We are already two months in and getting closer to tax season.

This time of the year can be stressful for a lot of Canadians. Knowing when, how, and who to file taxes with can be daunting.

Thankfully, filing taxes has never been easier, with tax return software allowing you to file simple tax returns from the comfort of your home. You can save money while ensuring your taxes are filed properly. If you’re looking for the top tax software options in Canada for 2023, you’ve come to the right place.

In this blog post, we’ll compare the top tax software options in Canada to help you choose the right software for your needs. Read on to learn about your options before it’s too late.

Qualities of The Best Tax Software in Canada

There is a wide range of tax return software products out in the market. Knowing what qualities to look for is important when choosing a product that is ideal for your specific situation.

In our view, the ideal tax software should present the following qualities:

  • Ease of use: The ideal tax software should have an easy-to-use interface that simplifies the complexities of tax filings through a guide.
  • Affordability: The best tax return software should have an affordable package and offer a free version for simple tax returns. Paid plans may offer additional add-ons that help ensure accuracy in filing, but pay attention to the free versions.
  • NETFILE Certified: Look for tax software that is NETFILE certified. This electronic tax-filing service allows you to do personal taxes online and submit them directly to the CRA, processing your refund faster and instantly confirming that CRA has received your return.
  • OS Compatibility: Operating system compatibility refers to the tax return software’s compatibility with your computer or mobile device. Check if the software is compatible with your computer or mobile before purchasing.
Don t be like that use a tax return software
Don t be like that use a tax return software

Best Tax Software Options in Canada

Here are the top tax software options in Canada for 2023:

TurboTax - The Best All-Around Tax Software

Intuit TurboTax is one of the most popular tax software options in Canada, with a user-friendly interface and a comprehensive range of features. It is compatible with Mac, Windows, Android, and iOS. TurboTax is also an excellent option for both free and paid services package that meets the needs of your situation.

Their free service, TurboTax Free, gives you near-perfect accuracy, claims on deductions and credits, and handles your RRSP contributions. TurboTax Free also lets you import your tax information and slips from your MyCRA account.

While all of this should be great for simple tax returns, complicated returns that include situations like self-employment and investments may require you to purchase deluxe and premier plans starting at $20.99 and $34.99, respectively.

These plans give you many more features, including identifying tax-saving opportunities and handling more complex tasks like rental income and expenses. You could also transfer tax information from your previous tax returns – a feature not available with TurboTax Free.

Intuit turbotax

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Wealthsimple Tax - The Best Free Tax Software

Wealthsimple has been an innovator in investing and financial literacy. Formerly known as SimpleTax, Wealthsimple Tax is available as a web version both on Mac or Windows and mobile.

The appeal of the Wealthsimple Tax is its unique donation-based payment structure. Unlike the other tax return software with service packages, Wealthsimple Tax only asks for a donation as a token of support.

The beneficial features of Wealthsimple Tax include the following:

  • Intuitive auto-fill to import income tax slips and investment info
  • Smart Search to easily find credits, deductions and forms
  • Free, reliable and knowledgeable customer support to answer your various questions
  • Ability to declare cryptocurrency gains and losses from multiple exchanges and wallets

Wealthsimple Tax does have some downsides. The software is only suitable for simple tax returns, so if you have a more complex tax situation, you may need to look for another option.


H&R Block - The Most Helpful Tax Software

Available on Windows, Mac and mobile, H&R Block offers a 3-tiered package for your tax return needs. Like WealthSimple, the free version of H&R Block allows you to import tax forms automatically, making the process much quicker and easier for users.

Furthermore, with the Deluxe($19.99/ per return) and Premium plans($34.99/ per return), users get a wide range of support options, including phone support and in-person support at H&R Block offices.

It also offers a variety of packages, including a self-employed package, which is ideal for freelancers and contractors. H & R Block certainly holds up against the other options; however, it needs to catch up in its add-ons.

Hr block

When Should I Use an Accountant?

There is much to love about doing your taxes, but you may still consider using a professional. Here are a few scenarios that may require a pro:

  • Your financial situation is complex: If you have a lot of investment income, rental properties, or own a small business, your taxes can get complicated quickly. An accountant can help you navigate the complexities and ensure you take advantage of all the tax deductions and credits available.
  • You’ve had a major life change: Major life changes like getting married, having a child, or buying a home can significantly impact your taxes. An accountant can help you understand how these changes will affect your tax situation and ensure you take advantage of tax breaks.
  • You’re worried about making mistakes: Tax laws can be complicated, and mistakes are easy. An accountant can provide peace of mind by filing your taxes correctly and on time.
  • You’re being audited: If you’ve been selected for an audit, an accountant can provide valuable support and guidance throughout the process.
  • You simply don’t have the time: If you’re short on time or find tax preparation a headache, an accountant can take the burden off your shoulders and ensure your taxes are done correctly and on time.
Tax return

Choose the Top Tax Software in Canada for You

In terms of pricing, Wealthsimple Tax is the clear winner, as it is entirely free to use with the option of donations. However, it should be noted that Wealthsimple Tax does rely on user donations to maintain the software, so users should consider donating if they find the software useful. This product is best for students with a quick and dirty tax situation and doesn’t require many add-ons that Turbo Tax of H & R block has.

TurboTax and H&R Block are the more expensive options of the 3 but offer the most comprehensive range of features, with automatic import of tax forms and step-by-step guidance. In addition, H & R gets bonus points if you want 1 on 1 support at any of their H & R Block branches.

Ultimately, all three programs are great options to help users file their taxes accurately and efficiently.


Overall, when comparing TurboTax, Wealthsimple Tax, and H&R Block, each program has strengths and weaknesses. It’s important to consider factors such as pricing, features, ease of use, and support options when choosing the right program. By doing so, you can ensure that you choose a tax return software option that meets your specific needs and helps you get the most money back on your return.

Please let us know – Did this article help? Will you be filing your own taxes this year?

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