MONTREAL, March 18, 2014 /CNW/ - A national survey commissioned by
Thomson Reuters, makers of UFile tax software, has found that more
Canadians than ever (56 per cent) are dependent on an accountant or
professional service to complete their tax return and look to
professionals for financial advice (42 per cent). Canadians cite
confusion and time restrictions among the most common sentiments toward
filing their tax return.
"Filing your annual tax return shouldn't have to be a burden," said
Malcolm Campbell, VP Professional & Consumer Software & Services,
Thomson Reuters Canada. "Many Canadians aren't taking advantage of the
opportunity in front of them when it comes to controlling their
Affordable tax software is within reach for all Canadians when they use
UFile, with software starting as low as $15.95 and many free options
available for dependents, students, first-time filers, simple returns,
low-income taxpayers and taxpayers with a Guaranteed Income Supplement.
With UFile's max back guarantee, Canadians can rest assured that their
return will be correct and provide the maximum refund available.
"Canadians need to be an advocate for their own personal finances - tax
season is a perfect opportunity to do financial review," said Campbell.
"Using reputable tax software, such as UFile, enables Canadians to take
ownership of their financial future."
Additional survey findings include:
Just over 1/4 of Canadians (28 per cent) plan to use tax software to
complete their return this year.
This number is highest in Toronto (31 per cent), lowest in Quebec (24
More than half of respondents (56 per cent) plan to use an accountant or
professional service to file their tax return this year, a seven per
cent increase from 2013 results (49 per cent).
Utilizing an accountant or professional service is highest in Quebec (62
per cent) and lowest in the Atlantic provinces (50 per cent).
Debt repayment is a priority for Canadians (28 per cent), up just one
per cent from 2013*.
This number is highest among Canadians in BC (34 per cent), especially
Vancouver (37 per cent).
Respondents from Toronto are most likely to invest in retirement (14 per
cent), while BC residents are most likely to splurge on a vacation
(seven per cent).
Canadians are split on their feeling towards tax filing: 40 per cent
like it, 53 per cent do not, and seven per cent aren't sure.
Approximately 1/4 of Canadians (22 per cent) look to family and friends
for financial advice, while just four per cent utilize the Internet.
For a full list of survey results, please visit: https://www.dropbox.com/sh/um5y1kblcb8utnz/g5d_-9s2hm
About the Survey
This report presents the findings of a Research House telephone survey
conducted among a national random sample of 1,021 adults comprising 511
males and 510 females 18 years of age and older, living in Canada. The
margin of error for a sample of this size is +/- 3.10%, 19 times out of
Interviewing for this Research House National Telephone Omnibus Survey
was completed during the period: February 12 - 17, 2014.
About UFile tax Software
UFile is the consumer tax program from Thomson Reuters, located in
Montreal, Quebec. It is a leading provider of tax preparation products
and has served the professional tax community with personal and
corporate tax products for more than 20 years. UFile products include
UFile ONLINE (online tax software), UFile for Windows and UFile PRO.
For more information, please visit www.ufile.ca.
* Note to Editors: The 2013 report referenced is from poll data collected by Research
House on behalf of Dr Tax Software February 7 - 11, 2013.
For further information:
MAVERICK for UFile
(416) 640-5525 ext. 240