Short Takes: Bad Tax Software and Model Homes

1. Canadian Financial DIY tested all the CRA certified web-based tax preparation packages and found that they didn’t all give the same answers. Apparently certified doesn’t necessarily mean correct.

2. Big Cajun Man tells us some of the pitfalls of buying a model home.

3. Browsing the CRA web site, Preet discovered that the proceeds of crime are taxable.

Comments

  1. AnonymousMarch 20, 2009 at 12:56 AM

    Tax prep packages that give different results - this could be a selling feature:

    "New and improved TaxCheat - we guarantee our software will calculate 30% larger tax refunds than our nearest competitor. If that's not enough, upgrade to TaxCheatPro, and use our new 'choose your own refund' feature."

    ReplyDelete
  2. AnonymousMarch 20, 2009 at 8:23 AM

    Thanks for the link Michael!

    ReplyDelete
  3. AnonymousMarch 20, 2009 at 8:27 AM

    Thanks for the mention, have a great weekend.

    ReplyDelete
  4. CanadianInvestorMarch 24, 2009 at 6:12 AM

    Hi Michael, I just published the review of the packages and identify some of the errors where I could pin them down. Some are pretty basic like failing to include credits for foreign investment tax paid, despite the number being entered in the correct box on the correct form.

    Thanks for the link.

    ReplyDelete

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