Millions doing own taxes using software

Millions of Canadians are using software programs and becoming their own accountants when it comes to their taxes.

Software programs have been updated to take into account recent changes announced in the last federal budget, such as pension income splitting for seniors, children’s fitness credits and reduced income tax rates.

More than 4.1 million Canadians filed their taxes through the Canada Revenue Agency’s Netfile for the 2006 tax year.

Another roughly 8.8 million Canadians filed online through tax professionals for 2006.

That means for the 2006 tax year, the Canada Revenue Agency received just more than 50 per cent of its returns electronically, said spokesman Serge Paradis. (link)

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