You can use any version of TurboTax to prepare your 2018 tax returns with these investment slips, even Free! The Premier version does provide more guidance on investment and rental income. If you start with a lower version then feel you would like more guidance, you can always upgrade and your information will carry over to the upgraded version.
I have the standard kit and it wants me to buy a premium kit. I have always used standard. Why is it differ6this year?
I have T3 T5 & T4A(P) I have the standard kit and it wants me to buy a premium kit. I have always used standard so many years with my T3 T5 & T4A(P)
How to pay for Turbo Tax Assist Review? Cost ?
The ability to enter investments is only available in TurboTax Premier Online (or higher) in 2021.
Please see these TurboTax FAQs for more information:
Why did I have to upgrade my TurboTax Online edition?
Who can file for free using TurboTax?
If you add Assist & Review to your Premier return the cost will be $89.99 per return. You can pay by credit card when you are ready to file your return.
FYI: If you are preparing your return with a spouse, this counts as 2 returns.
do I understand that the Premier will provide extra guidance but the Standard version won’t block me from entering T3, T5 and capital gains and loss, right? Can you give me extra details on what is considered guidances provided by the Premium version please?
Once you enter the information you will be guided to upgrade to the Premium version. User guidance deals with preventing and correcting user errors which is included in the upgrade. You need the Premium version to apply the capital gains and losses.
Thank you for choosing TurboTax.
For 2023 return, I am being forced to upgrade to Premium if I have a T3 slip. Why is this happening this year for the first time? I don't believe I need to do anything for the new trust reporting rules just because I have a T3. Thanks
Please see the list below enumerating what is or is not included in the free version.
Simple tax returns include:
Employment income
Pension income
Other employment income such as tips
RRSP contributions
Child care expenses
COVID-19 benefits and re-payments
Unemployment (EI) and social assistance
Worker’s compensation
Disability amount
Worker’s benefit
Amount for eligible/infirm dependents
Tuition, scholarships, bursaries, grants, student loan interest
Caregiver tax credit
Disability transfer
Home accessibility tax credit
Tax on RESPs and RDSPs
Tax installment payments
Age amount
Income, credits, and deductions not listed above are not covered by TurboTax Free, including:
Employment expenses (meals, lodging, etc.)
Donations
Medical expenses
Investment income and expenses
Rental property income and expenses
Self-employed income and expenses
Thank you for choosing TurboTax.
I don't use the free version. I have used the Deluxe cloud version for several years and have been able to use it to input investment income slips including T3s and T5008s. For 2023, if I use the T3 or T5008 schedule there is a lock notice that says I must upgrade to Premium. Is this a change for 2023?
Yes, If you have investment income or expenses to claim, you will need to upgrade to TurboTax Premier.
Thank you for choosing TurboTax.
Hi,
Can you please direct me in how to enter the T3, T5 and T5008 info into Turbo tax US?
When I go into "Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto)" There are no options for anything other than official US forms.
Thank You,
Philippe
This is the Canadian side of TurboTax. If you are completing a US return please go to the following link to ask your question on our US site.
Thank you for choosing TurboTax.