How to estimate my taxes for this year?

 

Investors and rental owners

You can choose any one of our TurboTax online versions and complete a fake return- up to where you will need to pay- which is just before you go through the review section of the return. This way you can see an estimate of your 2020 tax return. Please note that there are changes this year from the government so this will only be an estimate until TurboTax 2020 comes out, which should be around the end of December.

Investors and rental owners

Thank you, Brenda.

And how to declare CERB in the old version?

Investors and rental owners

You will receive a T4A tax slip reporting your CERB income. 

Investors and rental owners

Yes, I will. But I'd like to estimate it now, the most sooner possible. In November, not in january. The question is - where in the old version of turbotax should I enter the sum of CERB in order to estimate my future taxes? 

Investors and rental owners

They will send you a T4A for what was given to you under CERB.