Intuit has just launched their iPhone app TurboTax SnapTax that allows Canadians to file their tax returns using their iPhone cameras. The app is free to download but when it comes to file your tax return it’ll cost you $9.99. The convenience factor of filing via your iPhone is pretty cool.
The app works for the iPhone 3GS, iPhone 4, and iPhone 4S and takes advantage of optical character recognition to transfer info from your T4 to the tax return. The app is limited, as it’s meant for people who need to file a simple tax return. Future updates will include options for RRSP contributions and charitable donations.
According to Intuit:
…the app is designed to appeal to 18- to 34-year-olds, a group that spends at least two hours a day on their smartphones. While technologically savvy, they may be new to filing taxes and somewhat intimidated by the process. If all they have is a T-4, there’s little point in spending $50 to $100 at the nearest tax preparation service at the local mall.
So if you’re a student or someone who has a simple return, this could be a viable alternative. Check out the video demo below:
iTunes description below:
Magically do your taxes on your iPhone with the snap of a photo!
IT’S SO SIMPLE:
1 – Snap a photo of your T4
2 – Answer a few simple questions
3 – Review, pay, and NETFILE securely
START FOR FREE – PAY WHEN YOU’RE DONE:
* Only $9.99 per return
FOR CANADIANS WHO:
* Have just a T4 slip
* Don’t have children or dependants
* Are under the age of 65
* Reside in AB, BC, MB, NB, NL, NS, ON, PE, SK
Click here to download TurboTax Snaptax. It’s free. Let me know how your return goes if you decide to try it out!