FOR IMMEDIATE RELEASE:
February 14, 2002

Online tax preparation program first to be ready to prepare 2002 tax returns

When the CRA opened the door for Canadians to begin NetFiling on February 10, UFile.ca will had already helped thousands of traditional early bird taxpayers to prepare, print, and file their tax returns for 2002. NetFile is the CRA's system for electronic filing of tax returns over the Internet. On February 10, UFile was fully NetFile certified.

UFile.ca is developed by Dr Tax Software, now the only Canadian-owned tax preparation software company in the PC consumer and professional markets. Furthermore, due to the recent takeover of one of its competitors UFile is now one of only two online tax software options for Canadian PC users. With respect to traditional boxed tax software products, the takeover has left a virtual monopoly at the retail store level.

UFile's interactive online tax preparation application allows the user to prepare the simplest to the most difficult Canadian income tax returns in either official language, regardless of the province of residence.

The UFile design incorporates the same software technology found in the Dr Tax professional tax program that has been widely used by Canadian tax professionals for over 15 years. Released in 1999 to coincide with the CRA's introduction of NetFile, UFile has steadily increased its market share

over the past three years as consumers continue to migrate to the Web for secure services like banking, trading, and tax preparation. The overwhelming popularity and reliability of the CRA's NetFile service has contributed to UFile's success at attracting tax filers.

This year, UFile has partnered with MoneySense.ca and Sympatico.ca, two other well-known Canadian Internet portals to provide tax tools and information that will help Canadian taxpayers navigate through another tax season.