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Doing your taxes can be confusing and stressful, especially when figuring out which tax filing software to use. With so many options available, knowing which one is right for you is hard. 

GenuTax is a free tax filing software specifically designed for Canadians to complete their tax returns. In this review, we’ll look at GenuTax in-depth to help you decide if it’s the best tax solution for your needs.

Our Verdict On GenuTax

GenuTax offers a valuable, no-cost solution for Canadians with simple tax needs, making it an excellent platform for DIY tax filing. While it may lack the advanced features and robust support of other paid services like TurboTax or H&R Block, its user-friendly approach and the ability to file multiple years make it a solid choice for budget-conscious filers.

Best ForGenuTax is best suited for Canadians with basic tax situations who want to file for free. The software is easy for beginners but lacks some features offered by paid competitors.
What we like about GenuTax– Completely free tax filing software, supported by donations
– User-friendly step-by-step interview format
– Supports filing multiple past tax years
– Auto-fills form using CRA records
What we don’t like about GenuTax– Lack of telephone customer support
– Fewer features compared to paid competitors
– Not compatible with Mac devices

What Is GenuTax?

GenuTax is tax preparation software owned by GenuSource Consulting, an Ontario-based tax consulting company. It allows Canadians to prepare, file, and print their personal tax returns for free by downloading their software to a Windows computer. The platform is supported by donations. 

Key Features of GenuTax

  • Completely Free: GenuTax does not charge fees to use its software, but donations are encouraged to support development costs.
  • NETFILE Certified: Recognized by CRA for e-filing tax returns securely via the NETFILE system. Allows returns to be filed directly with CRA electronically.
  • User-Friendly Interface: Easy-to-understand interview format simplifies the tax preparation process. Guides users through tax questions step-by-step.
  • Multiple Tax Years: Supports filing returns for previous tax years dating back to 2003 and the current tax year.
  • Up To 20 Returns: Preparation and filing are available for up to 20 individual tax returns per year. No income limitations.
  • Common Tax Situations: Handles most personal tax situations, including rental income, capital gains and small business income. Some limitations apply to niche cases.
  • Auto-Fill From CRA: Auto-populates parts of the tax return using income records already on file with the CRA. Saves time and improves accuracy.
Genutax Features

Do You Need To Download GenuTax To Use It?

Yes, you do need to download GenuTax to use it. Here is a step-by-step guide on how to get started:

  1. Ensure Compatibility: First, ensure your computer meets the minimum system requirements for GenuTax Standard software. This includes having a compatible Windows operating system (Windows 11, 10, 8.1, or 7 with SP1), sufficient disk space, memory, and an appropriate monitor resolution. GenuTax is not available on Mac computers. 
  2. Download the Software: Access the GenuTax website and download the installer file for version 1.80 of GenuTax Standard to your Windows computer. There should be a button on the website to initiate this download.
  3. Install GenuTax: After downloading, locate the GenuTaxSetupV180.exe file on your computer and double-click it to start the installation process. Follow the prompts to complete the installation.
  4. Launch GenuTax: Once the installation is complete, you can start GenuTax Standard by double-clicking the GenuTax icon that should now be on your desktop.
  5. Support: If you encounter any issues or need assistance during the download, installation, or usage of GenuTax, you’re encouraged to contact GenuTax Support for help.

How To Use GenuTax Once Downloaded

After downloading GenuTax, the software guides you through a user-friendly filing process. The software leverages a step-by-step interview format, allowing users to enter tax details, review summaries, print forms, file electronically, and more. You can use Genutax “helper menus” to get additional tools and guidance on the filing process.

How Much Does GenuTax Cost?

One of the most significant advantages of GenuTax is that the software is 100% free. There are no obligations or fees to file taxes. 

The company relies on voluntary user donations to fund their operations but this is not required. For those with basic tax filing needs, it’s an affordable DIY option. If you’d like to make a donation, simply click the donate button and enter the amount you’d like to donate. Then you’ll have the option to pay via debit/credit card or PayPal. 

What Do Consumers Think Of GenuTax

Online feedback indicates that GenuTax is a reliable and CRA-certified tax software. Users value its intuitive design, where data entry screens closely resemble their actual tax slips. Some find the step-by-step interview process more time-consuming than the consolidated questionnaires of other online tax softwares. 

Despite this, GenuTax serves a wide range of people, from volunteers assisting low-income individuals to first-time filers navigating simple tax situations. While online reviews are scarce, GenuTax is largely seen as a credible and dependable tool for tax preparation. It’s even listed on the Government of Canada website

How GenuTax Compares vs UFile

CategoryGenuTaxUFile
CostFreeFree option available based on criteria
NETFILE CertifiedYesYes
Maximum Returns Filing20 per yearUnlimited returns online
Auto-Fill CapabilityYesYes
Email SupportYesYes

UFile and GenuTax are both solid tax software solutions, each with their own unique features catering to different tax needs. 

GenuTax

GenuTax stands out for its cost-effectiveness. It is a completely free software with a donation option, making it an attractive choice for users seeking a no-frills tax filing solution. It is designed for PC users and follows a step-by-step interview format that simplifies tax filing, even for beginners. 

GenuTax is ideal for those prioritizing cost-saving without the need for advanced features, offering a straightforward, no-cost solution for tax filing on PC.

UFile

In contrast, UFile prices start at $20.95. However, it offers a more comprehensive service with features like express notice of assessment, and an accuracy guarantee. It also provides a local storage option with UFile Windows for users concerned about cloud security. 

Overall, UFile offers a more feature-rich experience suitable for users looking to balance functionality and cost. It supports more nuanced filings, including self-employment, rental income, and capital gains. UFile is also available on Mac. 

Bottom Line

GenuTax is a practical pick for Canadians who want to file taxes without spending a dime. It’s straightforward and user-friendly, making it a breeze for first-timers. But it’s not without its quirks – like limited help options, which might be a deal-breaker for some. 

Even so, for those with simple tax situations, it’s definitely worth considering. Just make sure it fits your needs before diving in. All in all, GenuTax is a decent choice for getting your taxes done without fuss or fees.

Genutax FAQs

Is GenuTax actually free to use?

GenuTax is 100% free tax filing software for eligible personal tax returns. Donations are optional for those who wish to support the development.

What is the catch with the free GenuTax software?

There is no catch per se, but there are limitations. GenuTax lacks telephone support and some features found in paid tax software programs. It also does not handle certain complex tax situations.

Is GenuTax safe and secure?

GenuTax is certified by the Canada Revenue Agency for NETFILE, allowing for safe and secure electronic tax filing. User information is encrypted, and confidentiality is maintained.

 

Trevor O'Hagan avatar on Loans Canada
Trevor O'Hagan

Trevor is a personal finance, SEO, and technical sales expert. He received an Honours BAA (Economics) degree from Wilfrid Laurier University. Trevor previously worked at Salesforce and used his personal finance knowledge to become a homeowner in Ontario by age 25. Aside from Loans Canada, Trevor contributes to Forbes Advisor and Hardbacon. He also serves as the chairman of the Schwartz-Reisman Alumni Association and is a content specialist at Croton Content.

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