#FREE 2015 TAX SOFTWARE SMALL BUSINESS FREE#

Canadian-controlled private corporations in an associated group share the maximum small business threshold.įor more information about the small business deduction: Deduction and tax credits Small business deductionĬanadian-controlled private corporations not in an associated group may claim a small business deduction on active business income (that is, non-investment income), up to the small business threshold of $500,000. The Alberta calculation of taxable income parallels the federal calculation, although taxpayers may claim different discretionary deductions such as capital cost allowance for federal and provincial purposes. Tax and Revenue Administration (TRA) administers the Alberta Corporate Tax Act that provides the calculation of Alberta corporate income tax including the Alberta small business deduction, innovation employment grant and other tax credits. Since the 1940s, all incorporated businesses with a permanent establishment (for example, office, mine, farm, oil well) in Alberta at any time in a taxation year pay income tax on the portion of their taxable income allocated to Alberta. See Third-party organizations for instructions. Third-party representatives for corporate income tax (accounting firms, bookkeepers, accountants, etc.) complete the Third-Party Organization Enrolment.

Account owners (corporate director or business owner) and representatives (authorized employees of the business, agents or other third parties representing clients in a program other than corporate income tax) complete the TRACS Enrolment Request.

Currently accessible information includes:įor more information about services offered, see the TRACS page.

User-friendly and saves your previous returns but there is no calculator or expense tracker.As of October 3, 2022, Tax and Revenue Administration (TRA) will no longer be processing phone or email requests for basic account information.Īccount owners or their representatives can access most of the information related to corporate income taxes in Tax and Revenue Administration Client Self-Service (TRACS) portal. User friendly with online tax filing and great customer support but it is expensive compared to competitors.įeatures online filing and refund bonuses but there is no built-in audit support.Įasy to use and supports imports from QuickBooks but the paid plans are expensive.Įasy to use with online tax filing but the customer support is poor and there is limited guidance.

#FREE 2015 TAX SOFTWARE SMALL BUSINESS FREE#

Guarantees accuracy and offers direct deposit refunds but there is no support for complex tax situations.įeatures mobile and desktop access with free audit defence but it does not support all tax forms. Consider any options that offer extra features and forms at no additional cost.

Most free tax software options only offer free e-filing for the most common forms.

Taxes can be complicated, so review the customer support of the different options for response time and helpfulness.

Note that some software options include a 'Help' button to explain what is being asked of you.

Test out different software options to find the one that is easiest for you to use.

Things to Consider When Evaluating Free Tax Software:

Free 2015 tax software small business