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Below are some representative prices in the market place as listed by the tax software vendors in their corresponding web sites as of Oct. 27, 2006: (You may want to visit the web sites of listed vendors for any price changes).

Comparable Products

VisualTax

CanTax

Profile

TaxPrep

T1 Limited to 50 returns with Efile

$119

$339

N/A

N/A

T1 with Efile
Multi-User
Unlimited returns

$349
Power version
(It includes Free TR *)

$559
T1 Plus with Efile
(without TR)

$799.99
Premier
(without TR)

$1,100
(without TR)

T1 with Efile
Single-User
Unlimited returns

$199

Standard version
(For any type of return)

N/A

$499.99
Basic
(It does not handle certain types of returns)

N/A

T2 with Corp. Internet Filing (CIF)
Unlimited returns

$399
Power version with CIF
(It includes Free TR)

$829
T2 Plus with CIF
(without TR)

$799.99 or 1,099.99
Basic or Premier
(without TR)

$1,280
(without TR)

Bundle:
T1 + T2 + T3 + T4/T4A/T5 + other forms
Unlimited with EFile

$826
(It includes Free TR)

$1,618
(without TR)

$1,849.99 or 2,999.99
(Basic or Premier with TR)

$3,595
(it may include TP1?)

* TR stands for Tax Research software TR details

 

Cost per T1 Return


The software cost per return is Price divided by the Number of returns.
Assuming you prepare 300 T1 returns, you can easily arrive at the following results:

Products

VisualTax

CanTax

Profile

TaxPrep

Cost per Return with the Single-User version

$0.66

N/A

$1.67

N/A

Cost per Return with the Multi-User version

$1.06

$1.86

$2.67

$3.67


VisualTax is a trademark of Microsophic Inc.
CanTax and TaxPrep are registered trademarks of CCH Canadian Ltd.
ProFile is a registered trademark of Intuit Inc.

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