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From the first sketches in a notebook, to the diagrams on our makeshift whiteboard (a recycled <span class="caps">IKEA</span> tabletop from craigslist), to the caffeine-fueled nights—we’ve come a long way. It was <a href="/web/20130520222602/http://simpletax.ca/reviews.html">worth it</a>.</p> <p>But we didn’t do this alone.</p> <ul> <li>Andrew McGrath, from the awesome <a href="https://web.archive.org/web/20130520222602/http://checkout51.com/">Checkout51</a>, connected us with many of the right people including the very fine folks at <a href="https://web.archive.org/web/20130520222602/http://www.rackspacestartups.com/">Rackspace</a> and <a href="https://web.archive.org/web/20130520222602/https://stripe.com/ca">Stripe</a></li> <li>Meg Sinclair, from <a href="https://web.archive.org/web/20130520222602/https://www.facebook.com/advertising">Facebook</a>, helped us navigate the world of public relations</li> <li>Larry Philps, from <a href="https://web.archive.org/web/20130520222602/http://trendspottr.com/">TrendSpottr</a>, provided incredibly detailed feedback on our betas</li> <li>Ron Suter attended a <span class="caps">CRA</span> meeting as our advisor</li> <li>Maureen Pelensky, of <a href="https://web.archive.org/web/20130520222602/http://www.freewebs.com/moslibrarypics">Maureen’s Friends and Family in Front of Libraries Around the World</a> fame, contributed hours of slave-like data entry</li> <li>Family and friends graciously endured our endless rambling on about taxes</li> </ul> <p>Most importantly, we want to thank <em>you</em>—for your suggestions, for sharing SimpleTax with your friends, for your generous support. We’ve always believed in building the best product we can and, thanks to your help, we’re able to continue doing just that.</p> <p>See you <a href="/web/20130520222602/http://simpletax.ca/img/blog/130507_branch.jpg">next year</a>.</p> <p><img src="/web/20130520222602im_/http://simpletax.ca/img/blog/signatures.png" alt=""/></p> <p style="margin-top:-38px;font-size:16px;">Jonathan, Allison, and Justin<br/> Your friends at SimpleTax</p> <p>p.s. We’re not going anywhere! If you’re self-employed, you still have until June 15th to file. Otherwise, if you haven’t yet filed your 2012 tax return, it isn’t too late. You can submit your return online through <span class="caps">NETFILE</span> until November 30th, 2013.</p> </div> </div> </article> <article class="blogpost"> <div class="blogcontent"> <h2><a href="/web/20130520222602/http://simpletax.ca/blog/2013/one-week.html">One Week to Go!</a></h2> <p class="meta"><a href="javascript:void(0)"><span class="emailus" data-emailprefix="jonathan">Jonathan</span></a>, April 23, 2013</p> <img class="authorimg" src="/web/20130520222602im_/http://simpletax.ca/img/avatar_jonathan_64.png"> <div class="blogbody"> <p><img src="/web/20130520222602im_/http://simpletax.ca/img/blog/130423_calendar.jpg" alt=""/></p> <p>A friendly reminder that there is only one week to go before the April 30th personal tax filing deadline! File on time to avoid penalties and interest.</p> <p>With SimpleTax, doing your own taxes takes about as long as drinking a cup of coffee. No need to make an appointment, stand in line, or pay hundreds to have someone else do them for you. It’s <a href="/web/20130520222602/http://simpletax.ca/blog/2013/you-can-file-your-own-taxes.html">easier than you think</a> and we’re here to help if you get stuck.</p> <p>See why tens of thousands of <a href="/web/20130520222602/http://simpletax.ca/reviews.html">happy Canadians</a> have made the switch to SimpleTax.</p> </div> </div> </article> <article class="blogpost"> <div class="blogcontent"> <h2><a href="/web/20130520222602/http://simpletax.ca/blog/2013/blog-post-collection.html">Finish This Tax Season with a Smile</a></h2> <p class="meta"><a href="javascript:void(0)"><span class="emailus" data-emailprefix="jonathan">Jonathan</span></a>, April 16, 2013</p> <img class="authorimg" src="/web/20130520222602im_/http://simpletax.ca/img/avatar_jonathan_64.png"> <div class="blogbody"> <p>With just two weeks to go before the April 30th filing deadline, we’ve collected some of our favourite blog posts to make this tax season your easiest yet.</p> <h4>Preparing to File</h4> <p><a href="/web/20130520222602/http://simpletax.ca/blog/2013/things-to-know-for-first-time-tax-filers.html">Filing a Tax Return for the First Time?</a><br/> Filing a Canadian tax return for the first time can seem intimidating. Allison talks about how you can do it yourself, and it’s easier than you think.</p> <p><a href="/web/20130520222602/http://simpletax.ca/blog/2013/how-filing-online-works.html">How Filing Your Taxes Online Works</a><br/> Filing online is actually quite simple and very similar to filing on paper.</p> <p><a href="/web/20130520222602/http://simpletax.ca/blog/2013/what-do-i-need-to-file-my-return-checklist.html">Canadian Tax Return Checklist</a><br/> Are you wondering what documents you need to prepare your tax return? SimpleTax is here to help with a handy checklist.</p> <h4>Tax Tips, Deductions, and Credits</h4> <p><a href="/web/20130520222602/http://simpletax.ca/blog/2013/overlooked-deductions.html">10 Overlooked Tax Deductions & Credits</a><br/> Every year in Canada, millions of dollars worth of tax deductions and credits go unclaimed. In the first of a series of posts on overlooked credits, we summarize some of the amounts that are most frequently missed.</p> <p><a href="/web/20130520222602/http://simpletax.ca/blog/2013/four-tax-tips-for-students.html">4 Tax Tips</a> and <a href="/web/20130520222602/http://simpletax.ca/blog/2013/four-more-tax-tips-for-students.html">4 More Tax Tips</a> for Students & Recent Graduates<br/> Post-secondary students and recent graduates are eligible for several tax credits, deductions, and programs.</p> <p><a href="/web/20130520222602/http://simpletax.ca/blog/2013/disability-tax-credit.html">Disability Amount: You Might Be Missing Out</a><br/> The disability amount is one of the most valuable and overlooked Canadian tax credits. Most people don’t consider their impairment to be a disability when, for tax purposes, it may be.</p> <h4>After You File</h4> <p><a href="/web/20130520222602/http://simpletax.ca/blog/2013/how-to-change-your-tax-return.html">Changing Your Tax Return After It’s Been Filed</a><br/> You’ve filed your tax return and then it happens: you receive another slip, find a missing receipt, or discover a typo. Allison walks you through the process of changing your return.</p> <p style="margin-top:1.33em;">As always, we’re here to help! Send us a message on <a href="https://web.archive.org/web/20130520222602/http://www.facebook.com/simpletaxca">Facebook</a> or tweet us on <a href="https://web.archive.org/web/20130520222602/http://twitter.com/simpletaxca">Twitter</a>. We want you to finish this tax season with a smile.</p> </div> </div> </article> <article class="blogpost"> <div class="blogcontent"> <h2><a href="/web/20130520222602/http://simpletax.ca/blog/2013/you-can-file-your-own-taxes.html">Yes, You Can Do Your Own Taxes</a></h2> <p class="meta"><a href="javascript:void(0)"><span class="emailus" data-emailprefix="allison">Allison</span></a>, April 05, 2013</p> <img class="authorimg" src="/web/20130520222602im_/http://simpletax.ca/img/avatar_allison_64.png"> <div class="blogbody"> <p>Did you read this Globe & Mail article about <a href="https://web.archive.org/web/20130520222602/http://www.theglobeandmail.com/globe-investor/personal-finance/taxes/more-canadians-file-own-taxes-but-some-miss-out-on-savings-survey/article10692764/">Canadians filing their own taxes</a>?</p> <p>I did, and it bugged me.</p> <p>Actually, only the middle of the article bugged me. The beginning was full of interesting statistics and the end made a great point about how tax planning should become a more important part of regular Canadians’ day-to-day lives. But the middle… well, the middle was full of the kind of fear mongering that we’re trying to fight.</p> <blockquote> <p>…more work needs to be done to help taxpayers take full advantage of the savings available, the survey indicates.</p> <p>More than half of Canadians (58 per cent) said they aren’t certain about the tax treatment of capital gains and close to two-thirds (62 per cent) admitted lack of knowledge about how dividend income is taxed.</p> <p>On the charitable front, one-third (33 per cent) lack knowledge of exactly how giving is taxed, says the report.</p> <p>Meanwhile, 25 per cent said they have trouble grasping the tax implications of Registered Retirement Savings Plans (RRSPs) and 36 per cent are spotty on the tax treatment of a Tax-Free Savings Account (<span class="caps">TSFA</span>).</p> </blockquote> <p>The article goes on to imply that because most Canadians don’t understand <em>how</em> certain types of income and deductions are taxed, they are paying too much tax.</p> <p>This is decidedly untrue. Just because you don’t understand the nitty-gritty of the dividend gross-up and credit mechanism doesn’t mean you’ll pay too much tax if you prepare your own return. Software, like SimpleTax, automatically calculates this for you. Even the paper forms teach you how to correctly report this income and credit.</p> <p>The same goes for capital gains, donations, political contributions, medical expenses, RRSPs… you get my point.</p> <p>Preparing your own return allows you to see and <em>understand</em> how things like <span class="caps">RRSP</span> contributions impact your tax bill. With SimpleTax, because everything is calculated in real-time, you can see this impact every time you enter an amount. No tricky calculations and no “boning up on the <em>Income Tax Act</em>” required. We also give you a simple list of every credit and deduction you can claim, supply help in plain English, and provide access to the paper forms themselves—so you can see the calculations in action.</p> <p>We’re sad to see how the tax preparation industry has convinced people that they <em>need</em> to pay hundreds of dollars to have someone else take care of their taxes for them. Yes, there are people out there with complicated tax situations—where an accountant provides incredible value. But, chances are, <em>your</em> tax situation is simpler than you think.</p> <p>Yes, you can do your own taxes. Don’t let anyone scare you into thinking you can’t.</p> </div> </div> </article> <article class="blogpost"> <div class="blogcontent"> <h2><a href="/web/20130520222602/http://simpletax.ca/blog/2013/how-to-change-your-tax-return.html">Changing Your Tax Return After It's Been Filed</a></h2> <p class="meta"><a href="javascript:void(0)"><span class="emailus" data-emailprefix="allison">Allison</span></a>, April 03, 2013</p> <img class="authorimg" src="/web/20130520222602im_/http://simpletax.ca/img/avatar_allison_64.png"> <div class="blogbody"> <p>It’s happened to me, and—if you’re reading this post—it’s probably happened to you. You’ve gathered all your documents, completed your tax return, filed it through <span class="caps">NETFILE</span>, and are feeling pretty good about being done. But then you receive another slip, find a missing receipt, discover a typo, or simply realize that you need to make a change.</p> <p>First, don’t panic. You <em>can</em> change your return. While you can’t resubmit your return through <span class="caps">NETFILE</span>, making a change isn’t hard. Let me walk you through it.</p> <p>You can only change your return once it’s been assessed. This usually occurs within seven days of filing.<sup class="footnote" id="fnr1"><a href="#fn1">1</a></sup> Using <a href="https://web.archive.org/web/20130520222602/http://www.cra-arc.gc.ca/myaccount"><span class="caps">CRA</span> My Account</a>, you can click on the “Tax Return” tab to see whether your return has been assessed. Otherwise, you’ll need to wait for your Notice of Assessment to arrive in the mail.</p> <p>The easiest and fastest way to change your return is through <a href="https://web.archive.org/web/20130520222602/http://www.cra-arc.gc.ca/myaccount">My Account</a>. Follow these simple steps and you’ll be “adjusted” in no time:</p> <ol> <li>Log in to SimpleTax and—if you haven’t already—save a <span class="caps">PDF</span> copy of your tax return using “Print return”. This file is just for your records; we won’t use it again.</li> <li>Make the necessary changes to your return in SimpleTax.</li> <li>Save a new <span class="caps">PDF</span> copy of your return.</li> <li>Log in to My Account, click on the “Tax Return” tab, and then click on “View returns”. You’ll see a list of your tax returns and their assessments. The most recent year is at the top of the list. Click on “Assessed” for the year you want to change. You should now see at a page that looks like this:<br/> <img src="/web/20130520222602im_/http://simpletax.ca/img/blog/130403-assessment.png" style="padding-bottom:12px;"><br/> The first few sections (Total income, Net income, Taxable income, and Refund or Balance Owing) are on your T1 General. As you scroll down the page, you’ll see the other schedules and forms from your return. Note that not every form will be shown (<em>e.g.</em>, form T2125 doesn’t appear).<sup class="footnote" id="fnr2"><a href="#fn2">2</a></sup></li> <li>Compare the amount on each line in My Account to the amount on your new <span class="caps">PDF</span>.</li> <li>Once you’ve determined what line numbers have changed, scroll back to the top of the page and click on “Change this return”.</li> <li>You should now see a page that looks like this:<br/> <img src="/web/20130520222602im_/http://simpletax.ca/img/blog/130403-first-page.png" style="padding-bottom:12px;"><br/> The tab that opens has a search box which you can use to search for the line numbers that have changed. You might find it simpler to just click on the tabs that correspond to the relevant section of your return.</li> <li>Enter any amounts that have changed. In the example below, I’m changing Interest and other investment income (line 121) from $500 to $750. <br/> <img src="/web/20130520222602im_/http://simpletax.ca/img/blog/130403-change-121.png" style="padding-bottom:12px;"> <br/> Note that you can’t change any lines that are calculated (<em>e.g.</em>, your total income on line 150). The CRA’s system does this for you.</li> <li>When you’re ready to confirm and submit the changes, the <span class="caps">CRA</span> may display “errors” or “warnings”. Errors stop you from making a change until you provide additional information, while warnings give you the opportunity to add additional information that may be applicable to you.</li> <li>After submitting your changes, you may have an amount owing. You can send money to the <span class="caps">CRA</span> through your bank, similar to how you pay bills. Simply add the <span class="caps">CRA</span> as a payee with your <span class="caps">SIN</span> as the account number.</li> <li>You can confirm your changes and payment by checking My Account.</li> </ol> <p>If you don’t use My Account, you can fill out a <a href="https://web.archive.org/web/20130520222602/http://www.cra-arc.gc.ca/E/pbg/tf/t1-adj/">T1-<span class="caps">ADJ</span> form</a> and mail it to the <span class="caps">CRA</span>.<sup class="footnote" id="fnr3"><a href="#fn3">3</a></sup></p> <h4>Any Questions?</h4> <p>If you have any questions about the nitty gritty of changing your return, send us a message on <a href="https://web.archive.org/web/20130520222602/http://www.facebook.com/simpletaxca">Facebook</a> or <a href="https://web.archive.org/web/20130520222602/http://twitter.com/simpletaxca">Twitter</a>. We’re here to help!</p> <p class="footnote" id="fn1"><a href="#fnr1"><sup>1</sup></a> If you didn’t use <span class="caps">NETFILE</span>, or if you invest in tax shelters, this can take more than 7 days.</p> <p class="footnote" id="fn2"><a href="#fnr2"><sup>2</sup></a> If you need to make a change to your business income, you only need to adjust the corresponding lines on the T1 General (Gross Income and Net Income).</p> <p class="footnote" id="fn3"><a href="#fnr3"><sup>3</sup></a> The steps are outlined on the form and are quite straightforward. The same idea applies: you are just advising the <span class="caps">CRA</span> of which line numbers have changed.</p> </div> </div> </article> <article class="blogpost"> <div class="blogcontent"> <h2><a href="/web/20130520222602/http://simpletax.ca/blog/2013/taxes-with-friends.html">Taxes With Friends</a></h2> <p class="meta"><a href="javascript:void(0)"><span class="emailus" data-emailprefix="jonathan">Jonathan</span></a>, April 01, 2013</p> <img class="authorimg" src="/web/20130520222602im_/http://simpletax.ca/img/avatar_jonathan_64.png"> <div class="blogbody"> <p>Here at SimpleTax, we’re always asking ourselves how we can make doing your taxes better. We’ve been experimenting with a new version of SimpleTax in our labs for quite some time and today it’s finally ready. Introducing SimpleTax 2.0: Taxes With Friends.</p> <p>We’ve created a completely seamless, next generation, social experience. Why prepare your taxes all by yourself when you can prepare them with a friend or two? While the changes are very subtle, we think you’ll recognize the benefits almost immediately.</p> <p>Below are just a few of the exciting new features we’re releasing today:</p> <h4>Infinitely more ways to share</h4> <p><img class="lf" style="padding: 6px 12px 6px 0;" src="/web/20130520222602im_/http://simpletax.ca/img/blog/130401_sidebar.png"> Now, sharing your latest deduction is as easy as sharing what you ate for breakfast. Share your tax return with a knowledgeable friend; let the world know how you feel about your amount owing to the <span class="caps">CRA</span>; or get valuable feedback from anonymous internet pundits. The possibilities are endless. We’ve integrated with a number of popular social networks, so everyone you know—and everyone you don’t know—is just a click away.</p> <h4>Twitter is literally everywhere</h4> <p>Maybe there is a specific amount you’re proud of—like how much you contributed to your <span class="caps">RRSP</span>, or your total income. Why not share your accomplishments? We’ve added tweet buttons to every input box so you can tweet the line number and value as soon as you’ve entered it—and before you have any second thoughts about not sharing it.</p> <p><img src="/web/20130520222602im_/http://simpletax.ca/img/blog/130401_tweets.png" alt=""/></p> <h4>Share all the things</h4> <p>Don’t you hate it when you forget to share something? Well, don’t worry—we’ve got you covered with Facebook “frictionless sharing”. You may have already seen this kind of sharing in your activity feed—for example, when someone listens to a song or buys something from an online store. By simply using our app, we’ll share your activity with your Facebook friends so they can follow along with your tax preparation experience.</p> <p><img src="/web/20130520222602im_/http://simpletax.ca/img/blog/130401_facebook.jpg" alt=""/></p> <h4>Look at this Instagram</h4> <p>For our more artistic users, we also have Instagram support. You’ve seen hundreds of pictures of feet at the beach, foam art in cups of coffee, and self-portraits shot using a bathroom mirror. Break up the monotony of your Instagram feed with your tax slips. Just think about how envious your friends will be when they see your Lo-Fi T4 slip in their feed. You can choose from any of your favourite Instagram photo filters and frames.</p> <p><img src="/web/20130520222602im_/http://simpletax.ca/img/blog/130401_instagram.png" alt=""/></p> <p style="margin-top:36px;">We can’t wait for you to try these new features out. Not only will this make doing your taxes more social than ever before, but it will allow us to finally tell other technology entrepreneurs about SimpleTax without putting them to sleep.</p> <p>If you don’t yet see these exciting new features in your account, please be patient as we’re rolling this out as quickly as we can (see update, below). While you’re waiting, you can share this blog post with everyone you know. Be sure to use the hashtags: #simpletax #oversharing #aprilfools.</p> <p><span style="color:#9099a3;"><strong>Update:</strong> Due to technical difficulties, we will be indefinitely postponing the release of Taxes With Friends. Please continue to enjoy the current, antisocial version.</span></p> </div> </div> </article> <a href="/web/20130520222602/http://simpletax.ca/blog/archives.html" class="button archivebutton">More posts in our archives</a> </div> <div class="clearfix"></div> </div> <div id="footer" class=""> <div class="container"> <div id="getnotified"> <p>SimpleTax is coming soon. 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