How Do I Know My Industry Code?
If you are paper filing your return use the industry codes from the CRA website. If you are using software to Netfile your tax return, such as TurboTax, then you have to use the North American Industry Classification System codes (NAICS) maintained by Statistics Canada.
Do you need to download TurboTax to do your taxes?
Download TurboTax desktop tax preparation software and do your taxes on your computer. Choose from basic personal taxes to self-employed tax software. Maximize your tax deductions and get the maximum tax refund possible with TurboTax. TurboTax Download is simple to use and allows you to file multiple federal e-files.
Where do I get my industry code for my tax return?
You can get your industry code from the CRA website, here CRA: Industry Codes, or if you are using software to file your tax return, such as TurboTax, then you have to use the industry codes from your tax preparation software.
How are errors reduced with TurboTax tax software?
Fewer mistakes Using tax software such as TurboTax substantially reduces errors. According to the IRS, 20 percent of income tax returns prepared on paper have mistakes, such as missing information or taxes calculated using the wrong tax tables; half of those errors cause folks to overpay their taxes.
