The visually appealing interface will almost make filing your taxes fun!Īfter entering your first name and email address to register for CloudTax, you’re taken straight to its easy-to-use tax wizard. CloudTax is a professionally designed program and it shows. The first thing I noticed when I signed onto CloudTax the first time was its user-friendly interface. You can do your taxes straight from mobile phone if you like.

The good news is you won’t need to download any software to use CloudTax. Now onto the fun part, filing your own taxes…ĬloudTax is a web and mobile friendly income tax filing platform. That’s the way I felt when I filed my own taxes the first and that’s the way you’re likely to feel as well. You’ll start understanding the difference between tax specific terms like total income, net income and taxable income and tax credits versus tax deductions.īy gaining a better understanding of our tax system, it will allow you to make smarter tax decisions throughout the year. Not only can you save yourself money, you’ll gain a better understanding of the Canadian tax system. But similar to learning to ride a bike or swim, filing your own taxes is an empowering experience. If you’ve never filed your own taxes, I’m not going to lie. To be frank, I’d never met someone so passionate about tax, so I thought I’d give CloudTax a shot. It was only earlier this month that all his efforts paid off when his income tax software was NETFILE certified. Nimalan has spent years perfecting his income tax software. He explained that he wanted to create income tax software that’s easy for Canadian non-business taxpayers with minimal knowledge in tax preparation, to file their own tax return at no cost. When it comes to tax filing software, there are plenty of programs to choose from, so when Nimalan Balachandran reached out to me about his new tax filing software CloudTax, my first question was, why? If your tax return is pretty straightforward, you should have no problem filing your own taxes. You can do it yourself or hire an accountant. Don’t let this simple, yet costly mistake happen to you!įor filing your taxes you have a couple choices. Failure to do so could result in a hefty tax bill. The Canada Revenue Agency (CRA) now requires you to report the sale of your principal residence on your tax return.

Have you filed your taxes yet? Unless you enjoy paying penalties and interest to the taxman (I have yet to meet someone who does), it’s best interest to file your taxes by April 30 th.įiling your taxes on time is important, especially when you’re a homeowner. The tax filing deadline is fast approaching.

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