The friendly folks at Ufile contacted me to help spread the word about ufile.ca (not affiliated).  In doing so, they have offered to giveaway 10 online tax filing coupon codes for the readers of Million Dollar Journey.  It typically costs $15.95 to file online which is a bargain compared to what accountants can charge.

What is UFile?

UFile is an online “do it yourself” tax preparation service made easy.  The online application will coach you through the way when filing out the various tax fields.  What I like most about UFile is that you can fill in all your info and tweak everything before paying.  Once you pay, everything is sent online via NETFILE to be processsed by CRA.

I have personally used UFile to file my taxes before, and I recommend the service.  I currently use a Chartered Accountant  for my annual taxes as my financial situation has become increasingly complex.

How to Enter the Giveaway:

  1. Sign up for the Million Dollar Journey Newsletter (+1 entry)
  2. Tell me how you typically file your taxes via the comments (+1 entry)

The Rules

Lets go over some of the rules.  All contestant entries will be shoved into an electronic hat and drawn at random.  Since there are 10 prizes available, the odds of winning are relatively high.

  1. Only confirmed (new and existing) newsletter subscribers on the date of draw are eligible.
  2. Only 1 comment entry / person (please enter a valid email address).
  3. To be fair to all contestants, each winner can only win once.
  4. Only those who need to file a Canadian return can file with Ufile.ca
  5. Entries will end Sat 5pm EST Feb 20, 2010 and the winners announced shortly after!

150 Comments

  1. Andrea on February 17, 2010 at 6:14 pm

    I already use U-File so this would be an awesome prize. I already have most of my taxes done, however I’m waiting on a T4 from work still which I want to confirm before I submit.



  2. jo on February 17, 2010 at 6:15 pm

    The coupon code for 5$ off:
    UF05DF1AXR
    15.99$ – 5$ = only 10.99 + tx

    For ufile.ca (english)
    or
    ImpotExpert.ca:
    https://secure.drtax.ca/impotexpert/newuser.asp (french)



  3. Kelly on February 17, 2010 at 7:01 pm

    I file the old fashioned way…on paper.
    Currently, it’s free – the big winner for me.



  4. Mike on February 17, 2010 at 7:09 pm

    Filed on line last year, will do so this year



  5. Susan on February 17, 2010 at 9:58 pm

    Werner, I am curious. When you went to H&R Block did you do the cash back option? If so, what do they charge you for that? I have heard it is a percentage of your income tax refund and is in excess of what it would normally cost to do your return by a tax preparer.

    Susan



  6. Jodi on February 17, 2010 at 9:58 pm

    Have filed via ufile for the past 3 years… very user friendly



  7. MK on February 18, 2010 at 1:16 am

    i filed with Ufile last year, it was great. going to do same this year.



  8. Werner on February 18, 2010 at 1:20 am

    @Susan (105) – no I’ve never done the cash back option, but a look on their website, indicates the following:

    “If you qualify for Instant Cash Back, we’ll give you 85 percent of the first $300 of your income tax refund and 95 percent of the rest. For example, if you have a $600 refund, the amount you’ll receive from H&R Block is $540**. The $60 fee covers the entire cost of the Instant Cash Back service, including tax preparation.”

    In my situation, my return last year was $825.95, and I paid a tax preparer – which cost me $94.45 + tax. If I had gone with the Cash Back option, as well – I would have needed to pay an additional $71.30 on top of the $94.45.

    I know – I know, way too much money being thrown away. Truth is, several years ago – I was in a situation where I hadn’t filed my taxes for a few years. I just kept ignoring it (for a multitude of personal reasons), and when I finally decided to face it – H&R Block, was there to provide a service that ‘comforted’ me. I’ve been loyally going back, since.

    Now that I’ve started educating myself, on personal finances (with the help of this site) – it’s time to break the ties =)…



  9. John on February 18, 2010 at 1:43 am

    Why not use StudioTax? Its free, i have been using it for years. taxes is not rocket science, therefore any program is no different then the others, ufile, quicktax, etc…



  10. James on February 18, 2010 at 1:51 am

    ufile is the only way to go…



  11. NC on February 18, 2010 at 8:58 am

    Last year I paper filed. There is something satisfying in doing the calculations yourself if you have the time and patience.



  12. Sarah on February 18, 2010 at 7:07 pm

    quicktax. But after reading these comments I’ll be trying ufile.
    Pick me! Pick me!



  13. Gail C on February 18, 2010 at 8:25 pm

    Still doing it the old fashioned way, By hand. Takes about an hour or so – playing with the numbers – should I claim the donations this year or wait, and should I increase my rsp contribution.
    I phone it in, rather than mailing it and have not had any issues.
    Cheers !
    And thanks for the opportunity.



  14. Joel on February 18, 2010 at 9:17 pm

    I use ufile…. the price is right for me.



  15. Scott on February 18, 2010 at 11:35 pm

    I’ve been using quicktax online, but someone else has also recommended ufile to me.



  16. Nanners on February 19, 2010 at 12:10 am

    I’m old fashioned too…pen & paper. Then I phone them in. Would love to try UFile as I now have a rental property & suspect doing my taxes this year will be more complex.



  17. m on February 19, 2010 at 3:28 am

    Have used Ufile and Studiotax



  18. Vandergrift on February 19, 2010 at 11:15 am

    I’ve been using Ufile for a few years now for both myself and my wife. Before that I was lumped in with my family because my father used an accountant.

    As my taxes start getting more and more complex, I will be looking at getting an accountant, but for now, Ufile works great



  19. Jim on February 19, 2010 at 12:00 pm

    I used StudioTax last year. I’d be interested to try a more established program….



  20. Stephen on February 19, 2010 at 12:45 pm

    Never tried Ufile…. I have always used QuickTax.



  21. Brian on February 19, 2010 at 12:45 pm

    Me and my family have used Ufile for the last 4 years.



  22. chococrazy on February 19, 2010 at 12:55 pm

    I’ve used Quicktax before, but the past few years I have been using Ufile and loving it!



  23. Jimmy on February 19, 2010 at 12:57 pm

    I’ve used Ufile for the past 5 years and I can only say one thing, It’s great! I don’t like quicktax as much because of the user interface.



  24. Brian on February 19, 2010 at 12:57 pm

    I just switched to ufile last year, it’s a cheaper alternative fom Quicktax



  25. Lucy on February 19, 2010 at 12:58 pm

    We have used ufile since we started doing taxes ourselves and it’s very easy to use. two thumbs up!



  26. jim on February 19, 2010 at 1:01 pm

    I like ufile but I’m thinking about trying studio tax as well..free is good!



  27. LindaL on February 19, 2010 at 1:18 pm

    I have used Ufile in the past and it is a good tax completion tool. I’d love to have a coupon for a free return.



  28. Jeff on February 19, 2010 at 1:40 pm

    I use Quicktax but now it is getting too expensive.



  29. Pavel on February 19, 2010 at 1:59 pm

    Ufile, always Ufile



  30. bett on February 19, 2010 at 1:59 pm

    i file online.using UFile or QuickTax.



  31. Harold on February 19, 2010 at 2:00 pm

    Tried QuickTax for 2 years, then switched to UFile for the last 5 yrs.



  32. JC on February 19, 2010 at 2:15 pm

    Used to use QuickTax, but it became too expensive.
    Switched to UFile last year.



  33. Paul on February 19, 2010 at 2:38 pm

    I have used it as well in the past along with others it seems really straight forward.



  34. gene on February 19, 2010 at 3:29 pm

    StudioTax, unless I get a free copy of some other software (hint hint).



  35. Jonathan Powers on February 19, 2010 at 4:29 pm

    I invariably file using Ufile.ca. A truly outstanding product. Just for the record, I’m a US transplant, and Ufile is so superior to TurboTax it’s funny.



  36. Larry on February 19, 2010 at 4:59 pm

    Sure could Ufile this year. Thanks for a chance to win a copy.



  37. Joe Neill on February 19, 2010 at 6:29 pm

    I have used UFile for a couple of years and it works well. I like that the return is online and I can access from anywhere.



  38. Kevin on February 19, 2010 at 8:12 pm

    Paper, baby!

    I use the Taxman software (free) from
    http://pages.pacificcoast.net/~gthompson/2009.htm



  39. Alex on February 19, 2010 at 8:14 pm

    I do my taxes manually and file by mail.



  40. CCD on February 20, 2010 at 1:29 am

    I have been using ufile for a very long time, since it is the least expensive and provides the most returns per software package. It is straight forward and does the job!



  41. Colleen on February 20, 2010 at 2:39 am

    I do my taxes myself (took over from my mother doing them a couple of years ago) and I tele-file since I have an easy return. This year my husband has capital gains and dividend income since we starting investing in the stock market so it is going to be more complicated since I do his taxes too.



  42. moneypool on February 20, 2010 at 6:28 am

    I like and used Ufile for some years:
    1. it is online, access from anywhere.
    2.it keeps historical filings, easy reference.

    I have one question:
    To what degree of complexity of a tax filing that UFile cannot handle?



  43. Carol on February 20, 2010 at 9:05 am

    I have been using paper returns and tele-filing for the past few years.



  44. Shannon on February 20, 2010 at 10:18 am

    I typically have my accountant uncle do them but it might be time that I start doing them myself!



  45. Syl on February 20, 2010 at 12:20 pm

    I’m old-school: I do it by hand and mail it in.



  46. Matt on February 20, 2010 at 2:21 pm

    Last year I filed online using another tax preparation software program. Worked well, I’ll never do it by hand again!



  47. Jared on February 20, 2010 at 4:13 pm

    I have used ufile onilne for the past 7 or 8 years



  48. Justin on February 20, 2010 at 4:30 pm

    I’ve been using UFile for the past 4 years!



  49. Maria on February 20, 2010 at 6:55 pm

    I’ve been using UFile for so long I can’t remember how I survived tax time without it:)



  50. Ilir on February 20, 2010 at 9:16 pm

    I have used UFile since 2005