Wealthsimple Tax's optimizer maximizes your refund by running thousands of calculations to determine the best way to claim credits.
Optimizer benefits
- Maximizes your tax refund
- Optimizes credit claims across linked profiles for couples
How the optimizer works
- Initially applies optimizable credits and deductions in full
- For linked profiles, the optimizer applies credits to the higher-income profile by default
- Runs calculations to determine optimal credit allocation
Apply the optimizer
- Complete your tax profile(s)
- Click the Review & Optimize button in the Review & Optimize section
- Clear any errors (on both profiles, if applicable)
- Adjust any optimizations as you want and lock them
- Click Review & Optimize again
Note: Adding new optimizable inputs resets that credit to its initial state. Be sure to lock your changes, and run the optimizer again to recalculate.
Remember:
- The optimizer focuses on the current tax year
- It doesn't support multi-year tax planning
- You can override any results manually
For help using the optimizer in Wealthsimple Tax please contact our support team.
Comments
0 comments
Please sign in to leave a comment.