Tax Refund - Trust the QuickTax Maximum Tax Refund Guarantee
QuickTax, Canada's #1 best-selling tax software,1 guarantees you'll get your biggest refund... or your money back.2 And don't forget to NETFILE to get your tax refund in about 8 business days.3
Use QuickTax to Get Back Every Penny You Deserve...
QuickTax tax software has helped millions of Canadians4 find more of the deductions they qualify for than they might have with a different tax prep method or a different tax software. In fact, you could say we've perfected the art of finding even the most elusive deductions for Canadians...
That's why we've decided to guarantee that, when you use QuickTax, you'll get the maximum refund you could possibly get (or pay the lowest amount you have to). Or we'll give you your money back.
TIP: Optimize Your Canada RRSP Before the Deadline.
There are no "tricks" to getting your biggest income tax refund. The reality is that you'll only get back money for deductions you qualify for. ...That means that you should do your best over the course of each tax year to spend money in ways that you can later claim.
A great, common way to get a big refund is to put money into an RRSP. Here are some tips:
Contribute to your RRSP before the deadline of March 1, 2010
Don't borrow money to make an RRSP contribution as the interest on that loan is not tax deductible
Work with a financial advisor to invest your RRSPs so they grow
Refer to your Notice of Assessment to see what the maximum amount is that you can contribute to your RRSP. You may not need to contribute your maximum amount to get a great refund.
TIP: Have Pension Income? Split It with Your Partner.
If you're earning money from a pension (like CPP) or your partner is, you may want to split that pension income between the two of you. For example, if one partner has gone into semi-retirement (and started receiving pension from her former employer) but is also working as a consultant, and the other partner is still working but earning less money, this couple could portion up to 50% of the pension income to the lower-earning spouse.
The result is a reduction in net income and taxable income for the higher-paid spouse... which translates to tax savings.
TIP: Put Your Tax Refund in a Tax Free Savings Account.
Sure, the first thing a lot of us want to do when we get a tax refund is spend it. But, when you think about it, the money you get back isn't found money - it's not like winning a little lottery. It's actually money you earned over the course of the year... and you've finally got it back in your pocket.
If you think of your tax refund that way, you may want to spend it differently. Have you considered a Tax Free Savings Account (TFSA)? Here are a few of the benefits of putting your refund into a TFSA:
Pay no taxes on your contributions... so you basically get tax-free earnings
Pay no taxes on your withdrawals (unlike RRSP withdrawals, which are taxed)
Based on aggregate retail software sales, as sourced by NPD for year ending June 2009.
2
If you get a larger refund or smaller tax due from another tax preparation method, we’ll refund the applicable QuickTax purchase price paid. Claims must be submitted within sixty (60) days of your QuickTax purchase date and no later than 5/31/10. QuickTax Free, QuickTax Student (Free), and QuickTax Business Incorporated products and optional add-on services are excluded including Audit Defence and technical support fees. This guarantee cannot be combined with the QuickTax 100% Satisfaction (Easy) Guarantee.
3
Income tax preparation software companies must seek NETFILE certification from the Canada Revenue Agency (the “CRA”) for tax preparation software products that are to be used in conjunction with CRA’s NETFILE electronic tax filing service. NETFILE Certification of this product from the CRA may or may not have been obtained at this time. Please consult the CRA Web site at netfile.gc.ca beginning February 2010 to determine the status of this product’s application for certification.
4
Source: CRA NETFILE report, we have seen well over 2 million NETFILE returns completed since TY05.
