topic Re: Which version do I need? in Getting started

Which version do I need?

Royal K — Thu, 13 Feb 2025 00:47:12 GMT

HI, I have no clue which version to buy this year and their product comparison is unhelpful.

I will have employment income, moving expenses, medical deductions, investment income (all T slips), and capital gains.

Re: Which version do I need?

Anonymous — Thu, 13 Feb 2025 01:33:44 GMT

The big question is are you more a user of Desktop or Online software?

If you prefer TurboTax Online, you can have access to the description of each edition on this page. For your situation, we think Premier should be the proper one for you (see screenshot).

If you prefer TurboTax Desktop, you also have the Premier Edition on this web page.

Thank you for choosing TurboTax.

Re: Which version do I need?

Royal K — Thu, 13 Feb 2025 02:27:14 GMT

I use the desktop version.

Re: Which version do I need?

Anonymous — Thu, 13 Feb 2025 14:57:41 GMT

TurboTax Desktop-Basic is for a regular basic return with T4's and for those who were on social assistance.

Standard:

Covers 400+ credits and deductions
Optimizes credits for spouses and dependants.

Premier: Covers stocks, bonds, ESPs, and mutual funds

Covers rental property income, expenses, and refinancing

Home & Business: Covers self-employed income and taxes

Maximizes business deductions

If you have other things which aren't listed that you need to claim, please let us know, and we will direct you on which TurboTax Desktop product will best suit your needs.

Thank you for choosing TurboTax.

Re: Which version do I need?

Sloopy18 — Thu, 20 Mar 2025 06:08:39 GMT

In addition to T4's, does basic support interest income on T5's?

Which desktop edition is required for T3's (once the CRA themselves figure it out?)

Thx.

Re: Which version do I need?

TurboTax_Susan — Fri, 21 Mar 2025 16:52:09 GMT

@Sloopy18

TurboTax Desktop Basic supports T4, T5 & T3 slips.

For TurboTax Online, you would need to use TurboTax Premier for T3 slip income.

Re: Which version do I need?

desros1995 — Fri, 21 Mar 2025 18:53:38 GMT

I am married retired with company pension and receive old age and cpp pensions as does my wife.

We wish to split income

Re: Which version do I need?

Suzanne100 — Sat, 22 Mar 2025 18:46:38 GMT

I have basic income, but also hobby farm income/losses (not a registered business) and rental income. Which version should I use?

Re: Which version do I need?

TurboTaxAniqua — Sun, 23 Mar 2025 13:44:47 GMT

@Suzanne100 You can use TurboTax Online's self-employed version or TurboTax Desktop Home & Business to prepare and file your taxes.

Thank you for choosing TurboTax.

Re: Which version do I need?

Sloopy18 — Tue, 25 Mar 2025 17:43:09 GMT

As I've done more googling, I need to prepare a T3 Trust return. Which Turbotax (Desktop) has my back?

Thx.

Re: Which version do I need?

TurboTaxAniqua — Tue, 25 Mar 2025 19:27:49 GMT

@Sloopy18 Unfortunately, we don't support T3 returns.

Re: Which version do I need?

Marty24 — Fri, 26 Dec 2025 05:19:31 GMT

I have been an Intuit / Turbotax Canada customer for as long as I can remember. (I am a CPA and find it quite easy to navigate your program (though I am retired so that may be changing!)). I have been getting the standard version which allows me sufficient numbers for the the tax returns I do each year. In 2025, I (we) disposed of our principle residence of 30+ years and downsized to a smaller one. Which version of Turbotax should I get to accommodate this disposition reporting.

Thanks,

Re: Which version do I need?

TurboTaxAniqua — Mon, 29 Dec 2025 13:20:43 GMT

You can use the TurboTax Desktop Standard version to report a sale of your principal residence.

Thank you for choosing TurboTax.

Re: Which version do I need?

brubrubru — Fri, 13 Mar 2026 18:36:09 GMT

Hi,

I'm going in circles trying to figure this out so l thought I'd give a try here.

I've always used TurboTax Standard (desktop) for myself, my husband, my in-laws, my mom and my sister. All very straight forward - T4s, T5s, CPP, etc.

Then hubby and I acquired a foreign property which generates rental income and I started a small business (sole-proprietor). So for us, I went to an accountant for the past four years.

But now I'm going to start doing ours again with TurboTax. Do I continue with the Standard and within that I'II find the additional tax forms for foreign income and a small business? Or do I need to jump to the Home & Business version?

If yes to H&B, can I still complete my families personal tax returns with this version?

Thank you in advance for your help.

Re: Which version do I need?

TurboTax_Susan — Fri, 13 Mar 2026 18:46:00 GMT

@brubrubru While we recommend Home & Business for Self-Employment Income, TurboTax Standard Desktop still includes the T2125 Self-employment form.

Re: Which version do I need?

brubrubru — Fri, 13 Mar 2026 19:32:24 GMT

Thank you so much.

So if I use the Home & Business version for my more complex tax needs, can I still complete my families tax returns with this same version (as stated, theirs are very simple)? Or do I have to buy the Standard version in addition to the H&B version?

Re: Which version do I need?

TurboTax_Susan — Fri, 13 Mar 2026 19:45:19 GMT

@brubrubru All version of TurboTax Desktop have the same forms, it's just the EasyStep interview is different in each one. Home & Business has everything that the other versions have, but with an enhanced interview for Self-Employment income.