Your Pension Optimizer function is badly flawed. It provides incorrect results.You should either fix it or remove it from your software.
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1) Under the tax tips and warnings, Turbo Tax did not ask me whether I have carried forward capital loss from previous year. 2) I mail in my tax return and I am residing in Toronto. Last year I mailed it to the Tax Office address as per Turbo Tax's instructions but it was incorrect. The correct address should be Sudbury, Ontario P3A 5C1. Please verify and correct on the software if necessary.
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Simplified filing is best attribute. Have T4s, T5s, T3s, RRSPs, Charitable & Political contributions - mine & missus - all on slips. Previous year had borrowed money to invest - wrote it off easily. Only one little issue: Taxable capital gains are not made easy to find & deduct with this software - once I enterred an amount I had difficulty to undo.
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The program worked well again this year. I really like the optimizers. Unfortunately, I found it difficult to register online with TurboTax this year, quite frustrating.
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Good product but I see no reason for the extra cost of the investment tools offered in the premium version. Will likely look for another product next year.
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Used for 4 taxpayers including 2 in Quebec so OK investment. Would not purchase for just one return. Nice that you can upload your T4 and Releve 1 info directly from CRA site. Not good that there is no easy way to import tax filer personal information from previous e-returns so you have type it all in again. Anyway, got the job done.
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Every time I used the Help function the Help box would remain on the screen. I had to exit TurboTax and reopen to get rid of the help box
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I've used Turbo Tax for years, and am very happy with the product. This year I accidentally left out my income tax deducted from my T4. Fortunately I found the error, but I would like to see that come up as a warning "You entered a T4 but show $0 on income tax deducted"
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We have rental property and this software makes sure you get the income and expenses right. It asks the right questions and lets you know about missed information, possible items that can be claimed, etc. I really don't know what I did without it before. Been using since 2011, won't use anything else
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Missing some Info I needed for my taxes Ex, German Pension Amounts or LTC Home Payments entry.
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Turbo Tax is easy to use, but you have to be very careful at the beginning during your tax profile...make sure all questions are answered fully! I used the easy step method. It would be a better product if you could print out certain pages or detailed tax summaries,,,year over year comparisons etc. there is room for improvement.
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This software program is easy to use. I have used it for the past 7 years. Leads you carefully through each step and checks for errors.
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Found the software easy to use and straight forward. A few times, trying to find the correct form for a particular investment or pension question did not pop up in the list of forms. It would be useful if they had a way of indicating which lines changed if wanted to refile a changed tax return.
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Generally good, clear, fast. Registration a problem. Many tries. Form T5013 is confusing. Should indicate that it carries over 4 windows.
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Got stuck in a circle while trying to file with CRA
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only one point not clear: how to utilize tuition credits that were not used in previous years as what is available for transfer is not the total amount. otherwise, straight forward process.
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Very little help with some topics like T5008 slips/statements versus entering capital gains/losses, otherwise quite easy to use.
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I've always just used the standard edition of TurboTax, but because I purchased a rental property in 2019, required Premier. The property is shared ownership between my wife and I so income and expenses are shared. It is confusing as to properly split income and expenses.
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It works pretty well, but didn't find an easy way to report a bug. It gave me an error for my Quebec return (which was true), but kept returning me to the wrong step in EasyStep. It took quite a while to find out what was wrong.
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Only issue is pension split optimization does not take OAS clawback threshold impact into account.
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It is easy to use, but has one weakness. When you do not need all of your charitable donations or medical expenses, it does not tell you how much you should carry forward. Otherwise 9 out of 10.
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One recommendation would be to allow for a quick entry of entering the investment shares between Spouse and personal when you have multiple T3, T5 and T5008. Allow for "Apply to all" option. Also, add an ability to Split joint T5013 forms.
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Concerning professional/union dues: page asks for $ value, then 'subject to hst' : so unclear whether to put $ value before or after hst applied. It would be helpful to know whether to put $ value before or after hst is applied. What does 'subject to hst' actually mean??
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You need to provide us with the opportunity to share application errors with you. I found a spelling error. I found a dropped digit from a transferred telephone number. I found an entry with the wrong font size. These errors are unnecessary and can be easily fixed at your end. Let us help you.
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I have used turbotax for several years. It is easy to use but very expensive unless you use for all 12 returns included. You should be able to buy a cheaper version that does less returns
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I am used to using professional tax software, and I felt like this was pretty close for my needs - rental property with partners who have different UCC balances, stock sales, dependent, coupled returns, look up individual forms, review points.
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The software has an issue with how the CWB is calculated. My husband and my returns are linked. After I input all of the slips and information the tax summary was showing an $880 tax credit for CWB. When I looked at Schedule 6 it was not showing my husband's income in the determination of eligibility. The question 'Do you have an eligible spouse' was answered No. When I changed it to Yes, his income was taken into account and I lost the CWB credit (as it should be). In other words, the system did not take into account total household income by default.
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Had some difficulty with T-5013. It demands an SIC code when the filer is not required to provide it. Should remove that field
Entered some medical costs that would not populate onto the medical costs worksheet. Had to restart a new instance of my entire set of files
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Great product but for couples using separate filings, their is no way to handle joint partnership income on the T5013 forms without calculating each of the fields for both returns. There should be a % value to allow joint partnerships to be calculated by the program. This is particularly onerous when multiple joint partnerships are involved.
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Most features are well done and the examples are good. But I continue to find myself frustrated with the interface for the Capital Cost Allowance interface for my rental property. It's good enough if a person wants claim maximum depreciation, but it does not allow a person to adjust these numbers or explain them very well. Once again I find this a frustrating feature.
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