Netfile

AAA

DEFINITION of 'Netfile'

Open February to September, this service is one of the electronic filing options available to Canadians, to transmit their tax returns to the Canada Revenue Agency (CRA). Using software approved by the CRA, filers prepare their tax returns, and then upload them on the CRA's website using a code provided to them in their annual tax package.

INVESTOPEDIA EXPLAINS 'Netfile'

It is important to note that filers can not make changes to their personal information such as name, address, date of birth, or direct deposit information, when using Netfile. To make changes to your personal information using your return, you must file your return by the traditional paper method. Alternatively you can change your personal information by contacting the CRA directly.

RELATED TERMS
  1. Electronic Federal Tax Payment ...

    A service offered by the U.S. Department of the Treasury that ...
  2. Electronic Filing - E-File

    The process of submitting tax returns over the Internet, using ...
  3. Canada Revenue Agency - CRA

    A federal agency that collects taxes and administers tax laws ...
  4. Filing Status

    A category that defines the type of tax return form an individual ...
  5. Income Tax

    A tax that governments impose on financial income generated by ...
  6. Married Filing Jointly

    A filing status for married couples that have wed before the ...
Related Articles
  1. What aids will help me file my own tax ...
    Retirement

    What aids will help me file my own tax ...

  2. 10 Steps To Tax Preparation
    Taxes

    10 Steps To Tax Preparation

  3. Tax-Saving Tips For Canadian Taxpayers
    Savings

    Tax-Saving Tips For Canadian Taxpayers

  4. Does everyone have to file a federal ...
    Taxes

    Does everyone have to file a federal ...

comments powered by Disqus
Hot Definitions
  1. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  2. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  3. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  4. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  5. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  6. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
Trading Center