BMO has partnered with Intuit to provide customers with a competitive 20% discount on TurboTax Online, the leading tax preparation software in Canada. This offer allows BMO account holders to simplify their tax season by leveraging secure data imports directly from their banking and investment accounts. By using the integrated Auto-fill my return feature alongside BMO's tax data, you can significantly reduce the time spent on manual data entry.
Tax landscape, using a certified NETFILE software is the fastest way to receive your refund from the CRA. The BMO discount is applicable to the most popular versions of TurboTax, including Deluxe, Premier, and Self-Employed. Whether you have a simple return or a complex portfolio of BMO ETFs and rental income, this partnership ensures you keep more of your hard-earned money while staying compliant with current tax laws.
BMO TurboTax Offer Details
| Category | Details |
|---|---|
| Discount Size | 20% OFF regular retail pricing. |
| Eligible Versions | TurboTax Online (Deluxe, Premier, Self-Employed). |
| Redemption Method | Exclusive link via BMO Online Banking. |
| BMO Integration | Direct import of T3, T5, and T5008 tax slips. |
Algorithm: How to Claim Your BMO Discount
To ensure the 20% discount is correctly applied to your account, follow this exact sequence of actions through the official BMO portal:
- Step 1: Log in to BMO Online Banking or the BMO Mobile App using your Client ID.
- Step 2: Navigate to the Special Offers tab or look for the "Tax Center" banner on your dashboard.
- Step 3: Click the Save 20% button on the TurboTax offer card. This will redirect you to a unique landing page on the Intuit TurboTax website.
- Step 4: Select the TurboTax Online product that best fits your tax situation.
- Step 5: Sign in to your existing TurboTax account or create a new one.
- Step 6: Complete your tax return; the 20% discount will be automatically applied at the final checkout screen.
Pro-Tip: To maximize your refund, ensure you have your BMO InvestorLine statements ready. The TurboTax import tool can pull hundreds of transactions from your BMO ETFs and stocks in seconds, ensuring you don't miss out on capital gains or loss carry-forwards.
Troubleshooting Common "Pain Points"
If you encounter issues while trying to claim your discount or file your return, address these three common technical hurdles:
- MFA Delays: When logging into BMO to access the link, ensure your Multi-Factor Authentication is active. If the code is not arriving, check that your mobile number is correctly verified in your BMO Digital Identity settings.
- Browser Errors: If the discount does not appear at checkout, it is often due to a "cookie" conflict. Clear your browser cache or use Incognito Mode in Chrome to ensure the BMO referral code is tracked properly.
- Locked Account ID: If you enter your password incorrectly three times and lock your BMO ID, you must call 1‑877‑225‑5266 to restore access. You cannot bypass this security measure to reach the tax discount link.
Efficiency Hack for Faster Refunds
Combine the BMO discount with the CRA My Account integration. By linking your TurboTax profile to the CRA's Auto-fill my return service, the software will automatically populate your T4 and RRSP contribution data. When combined with BMO's direct investment slip import, you can effectively complete a standard return in under 30 minutes, ensuring you are first in line for NETFILE processing.
Frequently Asked Questions
Is the BMO discount available for the TurboTax Free version?
No. TurboTax Online Free is already zero-cost for simple returns. The 20% BMO discount applies specifically to paid versions like Deluxe, Premier, and Self-Employed.
Do I need a promo code for the BMO discount?
No physical promo code is required. The discount is "link-based," meaning it is only triggered when you click through the BMO Online Banking portal.
Can I use the discount for the TurboTax CD/Download version?
Typically, the BMO offer is exclusive to TurboTax Online products. Check the current year's specific terms in your Special Offers tab to see if desktop software is included.
