MyTAX 2005 Income Tax Spreadsheet Features

Peel Technologies
11025 Miller Road, Dutton, Ontario N0L 1J0

MyTAX Features

MyTAX uses the data you supply to automatically & instantaneously do the complex personal income tax calculations required by Canada Revenue Agency's T1 General return. You just collect up your data and type it into MyTAX
As of 2005, the MyTAX Excel workbook is compatible with the MacIntosh version of Excel
We include free support via email to MyTAX users. So even if this is the first time you have completed your own income tax return, you can do it
The spreadsheets look like and print like the government paper tax forms.
Unlike some tax software, your usage of MyTAX is UNLIMITED
MyTAX is a set of spreadsheets arranged in a workbook. MyTAX is the smallest tax software available: 990 Kbytes
All MyTAX calculation formulas are Visible, not hidden as in other tax return software
If you have the Microsoft Excel 97 or later Spreadsheet program you can be using MyTAX in a few seconds after you download it
MyTAX is easy to operate. Spreadsheet cells are colour coded by what is in them. You enter your data into the white cells. If you know how to key data into a spreadsheet, you already know how to use MyTAX
MyTAX is robust. Cells containing calculations and fixed data are locked to prevent accidental change
The T4 & other "T" input forms simplify and speeds up data entry. You enter data from one or more "T" paper forms in one sheet. MyTAX sends the data to where it is needed, saving you the trouble of finding where to put it in the other sections of the T1 General Return.
You can enter your data into MyTAX in any order that you choose. MyTAX updates all the calculations as you go
You can enter data over a number of sessions. You just save the workbook at the end of a session and open it up whenever you are ready to continue at the start of the next session. You can enter data as you receive it
MyTAX can handle simple & complicated personal income tax situations. If you need to use uncommon schedules and forms not implemented in MyTAX, you fill out Revenue Canada's paper forms and enter the "bottom line" numbers into the appropriate line in MyTAX, similar to if you were doing it all manually. MyTAX does the remaining work from there for you
You can run MyTAX in simple or sophisticated modes. If you are a "power spreadsheet user" you can run multiple copies of MyTAX in multiple windows, split screens for different parts of the workbook or complete several returns simultaneously, such as you and your spouse's
MyTAX readily does "What If'" tax planning. For instance, you can change the amount of your RRSP contribution and MyTAX will instantly show you the exact amount of tax you will owe or what refund you will have
You have complete control over scenarios you save on disk and/or print
The MyTAX workbook structure is open which allows advanced Excel users to add in their own spreadsheets for special calculations, making notes, etc.

Go back to the MyTAX home page

Last update:April 5, 2014