When Will I Get My Tax Refund after I NETFILE Using StudioTax or GenuTax Standard 2014?

Several tax returns for the 2014 tax year were all filed on the same day using NETFILE in April 2015. It was interesting to find out when the tax payers got their tax refunds.

How Soon Did They Get Their Tax Refunds?

The tax returns were filed using the CRA online filing process called NETFILE on Friday April 17.

The tax refunds were deposited on Friday April 24
(One person’s passbook was updated on Saturday April 25. It said the money was going to be deposited on Monday April 27!)

So it took one week for the returns to be processed and the refunds to be direct deposited into the bank.


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Did you receive a tax refund this year? How soon did it arrive after you filed your tax return? Please share your experience with a comment.

Does GenuTax Standard Free Software Calculate the New Family Tax Cut Income Splitting Reduction?

On our 2014 taxes there is a new credit to reduce the tax payable by a 2-parent family with children under the age of 18. The maximum saving is $2 000 and it’s calculated based on parents “splitting” up to $50 000 of income on their federal tax calculations. The math is done on a new 2 page schedule, Schedule 1-A. I checked to see if GenuTax Standard 2014 would automatically calculate and apply this new benefit to a tax return for a married couple with young children, like mine.

Did GenuTax Standard Calculate the Family Tax Cut For Me?

Yes.

Before calculating my own 2014 tax return, I ran a test for a married couple with 2 children, 8 and 19, filing their taxes. Continue reading