Overview

Wealthsimple Tax is a do-it-yourself (“DIY”) tax filing platform that makes filing your Canadian tax return fast and easy. Wealthsimple Tax is certified by both the Canadian Revenue Agency (CRA) and Revenu Québec. We guarantee the accuracy of our tax calculations and that you’ll get your maximum refund when you use Wealthsimple Tax. See our full Wealthsimple Tax User Agreement.

Is Wealthsimple Tax right for me?

Wealthsimple Tax is a fully capable tax platform that more than one million Canadians trust to file their returns every year.

To use Wealthsimple Tax you must meet only two criteria:

• Be a resident of Canada
• Have a social insurance number

These criteria are the same if you’re filing on someone’s behalf.

Also “simple” doesn’t mean “less capable”. Wealthsimple Tax supports a wide variety of complex tax filing situations and supports most Canadian personal (T1) returns.

However, there are some complex tax situations we don’t support:

• Non-residents of Canada
• Deemed residents
• Corporate (T2) returns
• Trust (T3) returns
• Pre-bankruptcy returns
• Form T2203 (business income earned in multiple jurisdictions)
• Forms T1163 & T1164 (AgriStability or AgriInvest programs)

What if I need help filing my taxes?

Wealthsimple Tax offers a number of features to help you file with confidence.

Technical support: If you need help, our team is only an email away. We can be reached anytime at: tax@wealthsimple.com

Expert advice: A one-on-one session with a Tax professional to discuss any questions you have related to your return or your tax filing situation. Experts can give advice on how to get started, which forms and deductions apply to your unique tax situation, and how to optimize your deductions to maximize your refund.

Audit support: Our Audit Support service will help you every step of the way in the event that your tax return is reviewed or audited by the CRA or Revenu Québec. Learn more here.

How much does Wealthsimple Tax cost?

Wealthsimple Tax offers three plans with varying levels of service and support, with prices starting at just $0. View more details about Wealthsimple Tax plans.

Please note, that under our $0 plan, we ask you to make a voluntary contribution to Wealthsimple Tax to help keep the product accessible to everyone. We appreciate any contribution you can make to help support Wealthsimple Tax. Learn more about Pay what you want pricing. 

What are the benefits of using Wealthsimple Tax for Wealthsimple clients?

Integration: Wealthsimple Tax is fully integrated with Wealthsimple. For new users, this means we can populate your return with the information we already have on file, giving you a head start on filing your taxes. The product is also available with your existing Wealthsimple credentials.

Document importing: Wealthsimple Tax can seamlessly import any of your Wealthsimple Tax documents not already on file with the CRA, including your Crypto gains and losses.

Plus plan upgrades for Premium Clients: Wealthsimple Premium clients receive a free upgrade to the Plus plan (a $40 value), which includes year-round tax advice, priority support, and audit protection for up to eight tax returns.

Pro plan upgrades for Generation Clients: Wealthsimple Generation clients receive a free upgrade to the Pro plan (a $80 value), which includes priority support, audit protection for up to 20 returns, and a live 1:1 consultation with a Tax expert.