Peel Technologies
11025 Miller Road, Dutton, Ontario N0L 1J0 Fax: (519) 762-6080
MyTAX Features
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MyTAX uses the data you supply to automatically
& instantaneously do the complex personal income tax calculations
required by Canada Revenue Agency's T1 General return. You just collect
up your data and type it into MyTAX
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As of 2005, the MyTAX Excel workbook is compatible with the MacIntosh version of Excel
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You can use MyTAX for free. You make the choice to contribute $10. to support the costs of making MyTAX available
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We include free support via email to MyTAX users. So even if this is the first
time you have completed your own income tax return, you can do it
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You can use MyTAX for free. You make the choice to contribute $10. to support the costs of making MyTAX available
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The spreadsheets look like and print like the government paper tax forms.
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Unlike some tax software, your usage of MyTAX is
UNLIMITED
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MyTAX is a set of spreadsheets arranged in a workbook. MyTAX is the smallest
tax software available: 750 Kbytes - even fits on a floppy disk
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All MyTAX calculation formulas are Visible, not hidden as in other tax return software
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If you have the Microsoft Excel 97 or later Spreadsheet program you can be using MyTAX in
a few seconds after you download it
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MyTAX is easy to operate. Spreadsheet cells are
colour coded by what is in them. You enter your data into the white cells.
If you know how to key data into a spreadsheet, you already know how to use MyTAX
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MyTAX is robust. Cells containing calculations and fixed data are
locked to prevent accidental change
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The T4 & other "T" input forms simplify and speeds
up data entry. You enter data from one or more "T" paper forms in one sheet.
MyTAX sends the data to where it is needed, saving you the trouble of finding
where to put it in the other sections of the T1 General Return.
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You can enter your data into MyTAX in any order
that you choose. MyTAX updates all the calculations as you go
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You can enter data over many sessions.
You just save the workbook at the end of a session and open it up whenever
you are ready to continue at the start of the next session. You can
enter data as you receive it
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MyTAX can handle simple & complicated personal
income tax situations. If you need to use uncommon schedules
and forms not implemented in MyTAX, you fill out Revenue Canada's paper
forms and enter the "bottom line" numbers into the appropriate line in
MyTAX, similar to if you were doing it all manually. MyTAX does the
remaining work from there for you
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You can run MyTAX in simple or sophisticated modes. If you are a
"power spreadsheet user" you can run multiple copies of MyTAX in multiple
windows, split screens for different parts of the workbook or
complete several returns simultaneously, such as you and your spouse's
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MyTAX readily does "What If'" tax planning.
For instance, you can change the amount of your RRSP contribution and MyTAX
will instantly show you the exact amount of tax you will owe or what refund
you will have
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You have complete control
over scenarios you save on disk and/or
print
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The MyTAX workbook structure is open which allows advanced Excel users to
add in their own spreadsheets for special calculations etc.
Go back to the MyTAX home page
Last update: Feb 18, 2007