NETFILE
This article is about a transmission service. For information on tax software, see Canadian Tax Preparation Software for Personal Use.
Introduced in 2001[1] NETFILE is a transmission service that allows eligible Canadians to submit their personal income tax return to the Canada Revenue Agency using the Internet. Tax returns filed via NETFILE must first be prepared using a NETFILE-certified product. The software or Web application produces a .tax file, which must then be uploaded to the CRA independently to constitute a tax filing.
According to CRA, 26% of total 2014 tax returns were sent by Netfile.[2] To Netfile your tax yourself, you will need a certified tax program, which is listed on the CRA website.
Advantages
According to the CRA website:[3]
- It is secure and confidential.
- File your returns directly from one of the NETFILE-certified products available using the NETFILE webservice.
- Refunds are issued faster (in most cases, with direct deposit, you can receive your refund in as little as eight business days).
- It is more accurate (because the CRA doesn’t re-key the information, there is less chance of errors).
- You don’t have to mail a paper return.
- You don’t have to send in receipts, unless the CRA asks for them at a later date.
- You get immediate confirmation that the CRA has received your tax return.
Disadvantages
- You cannot change your address when you file your return using NETFILE.
- Payments sent to CRA will be processed faster.
- You are unable to ensure exactly what information was sent from your computer.
- You require an internet connection.
See also
- Canadian efile, a similar service used by professional tax preparers.
- Comparison of Canadian tax software
- E-file (disambiguation)
References
- ↑ Radia, Purvi. "Canadians net benefits by filing taxes online.", Capital News Online, Ottawa, 9 March 2001. Retrieved on 2010-03-02
- ↑ Jack Liu "3 ways to File.", Income Tax Ottawa. Retrieved on 2015-03-24
- ↑ "NETFILE - Overview", Canadia Revenue Agency. Retrieved 2015-03-24.
External links
- Canada Revenue Agency/Agence du revenue du Canada
- Certified Software for the 2014 NETFILE Program
- E-services/Services électroniques.gc.ca
- My Business Account/Mon dossier d'entreprise.gc.ca
- Netfile.gc.ca
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