Lucra Tax provides an automated tax preparation platform for Canadian individuals and tax professionals. Users can securely link bank accounts or upload receipts, and AI-driven categorization extracts every eligible deduction, supporting over 20,000 financial institutions. The service generates a comprehensive tax report and offers integration with tax professionals, streamlining filing and saving hours of manual work.
Funding
Funding not disclosed
Founders
Product
Problem
Canadian taxpayers and tax professionals often spend extensive time manually gathering, categorizing, and verifying financial documents to identify eligible deductions, leading to errors and delayed filing.
Solution
Lucra Tax offers an AI‑driven platform that automates the collection and categorization of financial data for Canadian individuals and tax professionals. Users can securely link bank and credit‑card accounts via Plaid or upload PDFs, photos, and receipts, after which the system applies machine‑learning models to identify every applicable deduction. The platform generates a comprehensive tax report and provides an option to connect with a tax professional for filing. Continuous smart notifications, Gmail integration, and mobile/web access help users track deductions throughout the year, reducing manual effort and improving data accuracy.
Target Audience
Primary users are Canadian individual taxpayers seeking a streamlined filing process and tax professionals who need efficient client data collection and preparation tools.
Features
- Secure Plaid integration supporting over 20,000 financial institutions for automatic transaction import
- AI‑powered categorization and deduction prediction that scans uploaded documents and linked accounts
- Drag‑and‑drop upload of PDFs, photos, receipts, and bank statements with automatic organization
- Comprehensive tax report generation with optional handoff to a tax professional
- Mobile and web access with bank‑level encryption to view and manage tax data anywhere
- Smart notifications and Gmail integration to capture receipts in real time