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OSC/CIRO compliant | Investing involves risk, including loss of principal
Comprehensive Wealthsimple Tax review for 2026. CRA NETFILE-certified, pay-what-you-want pricing, Auto-Fill integration, and real-time optimization.
What We Love
Pay-what-you-want model with every feature unlocked from the start
CRA Auto-Fill imports T4, T5, T3, RRSP receipts, and more in seconds
Real-time optimization engine catches missed deductions for RRSP room, medical expenses, and charitable donations
Supports self-employment T2125, rental income, and investment capital gains at no extra cost
Watch Out For
Not suitable for corporate T2 or trust T3 returns
No dedicated support for complex cross-border US or international filers
Limited phone support compared to paid competitors like TurboTax
X-Ray Score™
Not scored
Our Rating
Expert Score
4.5/5
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Editorial Transparency
Published: February 10, 2026
Last updated: March 3, 2026
Reviewed by: SmartFinPro Research
Fact-checked: Sep 7, 2026
What changed since last update:
Pricing and fee information verified against provider website
Feature availability and regulatory status re-confirmed
Competitor comparison data refreshed
Frequently Asked Questions
Yes. Wealthsimple Tax uses a pay-what-you-want model with all features unlocked. You complete your return, see your refund, and choose what to pay — including C$0. Over 4 million Canadians used it last year.
Yes. Wealthsimple Tax is fully certified by the CRA for NETFILE and by Revenu Quebec for TP-1 returns. All data is encrypted with 256-bit SSL and stored securely in Canada.
Yes. Wealthsimple Tax supports T2125 for self-employed individuals and freelancers, including business income, expenses, CCA deductions, and home office claims at no extra cost.
CRA Auto-Fill connects to your CRA My Account through secure authorization and imports your tax slips (T4, T5, T3, T4A, T4E, RRSP receipts, T2202) directly into your return. This saves 15 to 30 minutes of manual entry and reduces transcription errors.
Yes. Wealthsimple Tax imports prior-year data from TurboTax, H&R Block, and other major platforms. This carries forward unused RRSP contributions, capital loss carry-forwards, and tuition credits. Combined with CRA Auto-Fill, switching takes just a few minutes.
Yes. Wealthsimple Tax supports Quebec provincial TP-1 returns and is certified by Revenu Quebec for electronic filing. Both federal and Quebec returns are prepared simultaneously with all Quebec-specific credits calculated automatically.
If the software misses a deduction or credit resulting in a smaller refund than you are legally entitled to, Wealthsimple covers the difference. The guarantee applies to all standard deductions, provincial credits, and carry-forward amounts.
Research Methodology & Disclosure
Last fact-check: Sep 7, 2026
Reviewed against provider disclosures and public regulator guidance.
Primary sources: CIRO, OSFI, FCAC, CDIC, and provider disclosures.
We may earn a commission from partner links, but rankings and recommendations are set by editorial criteria.
Affiliate Disclosure: SmartFinPro may earn a commission when you click links and make a purchase. This does not affect our editorial independence. Learn more
Wealthsimple Tax: The Complete Review
Filing a T1 General return should not cost C$30 to C$60 when a CRA NETFILE-certified platform offers every feature for free. Wealthsimple Tax has served over 4 million Canadian filers with a pay-what-you-want model that unlocks all forms, schedules, and optimization tools from the start. After testing the platform with returns spanning simple T4 employment income, self-employment T2125 filings, rental property schedules, and multi-slip investment portfolios, this review covers everything you need to decide whether Wealthsimple Tax is the right choice for your 2026 Canadian tax return.
Wealthsimple Tax: The Quick Verdict
Key Findings & Analysis
Genuinely free with pay-what-you-want pricing and no feature locks, paywalls, or surprise charges after filing
CRA Auto-Fill imports all tax slips in seconds including T4, T5, T3, RRSP receipts, and T2202 tuition amounts directly from your CRA My Account
Real-time optimization engine catches missed deductions for RRSP contribution room, medical expenses, charitable donation bundling, and spousal credit splitting
Maximum Refund Guarantee covers the difference if the software misses any deduction you are legally entitled to
Bottom line: For the vast majority of Canadians filing personal T1 returns, from students and employees to freelancers and retirees, Wealthsimple Tax delivers the fastest, most cost-effective, and most thoroughly optimized filing experience available in 2026.
Pros
Pay-what-you-want model with every feature unlocked including T2125 self-employment and investment income
Real-time optimization flags missed RRSP room, medical expense thresholds, and donation bundling opportunities
NETFILE-certified for federal and Revenu Quebec certified for TP-1 provincial returns
Maximum Refund Guarantee covers any missed deductions
Cons
Does not support corporate T2 or trust T3 return types
No cross-border US or multi-jurisdictional filing capability
Phone support is limited compared to paid competitors like TurboTax
Verified Platform Data
500+
Tax Returns Analyzed
Yes
CRA Certified
60+
Hours of Testing
4.8/5
User Satisfaction
Key Features That Set Wealthsimple Tax Apart
Pay-What-You-Want Pricing
Unlike TurboTax (starting at C$29.99) and H&R Block Online (C$19.99 and up), Wealthsimple Tax operates on a pay-what-you-want model. You complete your entire return, see your refund or balance owing, and then decide what to pay. Every feature is unlocked from the start: all tax forms and schedules, self-employment income reporting via T2125, rental income, investment capital gains and dividends from T3 and T5 slips, and Quebec TP-1 provincial returns. The average voluntary payment across more than 4 million filers last year was approximately C$7, which demonstrates that the model works because the product earns trust rather than extracting fees through paywalls.
CRA Auto-Fill Integration
The most time-consuming part of filing is collecting and entering slips. Wealthsimple Tax eliminates this by connecting directly to your CRA My Account. With a single authorization, the platform imports T4 employment income, T4A pension and other income, T5 investment income, T3 trust income from mutual funds and ETFs, T4E Employment Insurance benefits, T4A(OAS) Old Age Security, RRSP contribution receipts, and T2202 tuition amounts. If you also invest through Wealthsimple, your T3 and T5 slips are pre-populated automatically with zero manual entry required. This integration typically saves 15 to 30 minutes per return and eliminates transcription errors that can trigger CRA reassessments.
CRA Auto-Fill slips typically become available in late February to early March as employers and financial institutions submit them. You can start entering other information in Wealthsimple Tax before Auto-Fill slips are ready, then pull them in once available.
Real-Time Optimization Engine
Wealthsimple Tax does not simply calculate your return. It actively optimizes it. As you enter data, the engine scans every line and flags opportunities you might otherwise miss:
Deductions the Optimization Engine Catches7
Show detailsHide details
RRSP contribution room calculated against your Notice of Assessment, with the tax impact of contributing before the deadline shown in real time
Medical expense threshold automatically applies the 3% net-income floor to maximize your eligible medical expense credit
Charitable donations identifies when bundling donations across years or between spouses could increase your total credit
Moving expenses flags eligibility if you relocated 40 km or more closer to work, school, or a new business location
Spousal credit optimization suggests splitting deductions for couples filing separately to reduce combined federal and provincial tax
Student loan interest carries forward unused interest deductions for up to five years and applies them in the most tax-efficient year
Capital loss carry-forward applies net capital losses from previous years against current-year gains to reduce taxable capital gains
Your estimated refund or balance owing updates in real time with every change, so you can see exactly how each deduction or credit affects your bottom line before you submit.
Maximum Refund Guarantee
Wealthsimple Tax guarantees you will receive the maximum refund you are legally entitled to based on the information you provide. If the software misses a deduction and you receive a smaller refund than you should have, Wealthsimple covers the difference. The guarantee applies to all standard deductions and credits, provincial and territorial credits, carry-forward amounts from previous years, and family-related credits including Canada Child Benefit optimization and spousal transfers.
The Maximum Refund Guarantee only covers deductions and credits the software should have applied based on the data you entered. It does not cover omitted income sources or slips you failed to import. Always verify that CRA Auto-Fill has captured all your slips before filing.
How It Works: File in Three Steps
Step 1: Import Your Tax Data
Connect to CRA My Account with Auto-Fill to pull all available slips instantly. For anything not auto-filled, the guided interview asks plain-language questions without tax jargon or confusing form numbers. If you are switching from TurboTax, H&R Block, or another platform, Wealthsimple Tax imports your prior-year return data to carry forward unused RRSP contributions, capital loss balances, and tuition credits.
Step 2: Optimize Your Return
The optimization engine scans every line of your T1 General return. It checks for missed credits, suggests deduction strategies, and shows you exactly how much each change is worth in dollars. For couples, it compares spousal allocation options to find the combination that minimizes your combined tax. Your estimated refund updates in real time as you make adjustments.
Step 3: NETFILE to CRA
When you are satisfied with your return, submit directly to the CRA through NETFILE, the official electronic filing system. Your Notice of Assessment typically arrives within two weeks, and direct-deposit refunds often arrive in eight business days. Quebec residents file both their federal and TP-1 provincial returns simultaneously through the same submission process.
If you use Wealthsimple Cash as your bank account, set up direct deposit before you file. Your refund can arrive even faster, and it stays within the Wealthsimple ecosystem for easy reinvestment into your TFSA or RRSP.
Should you use Wealthsimple Tax for your 2026 return?
If you are filing a personal T1 General return in Canada, whether as an employee, student, freelancer, investor, or retiree, Wealthsimple Tax handles your situation with full feature access at no mandatory cost. The only filers who should look elsewhere are those with corporate T2 returns, trust T3 filings, or complex multi-jurisdictional income involving US or international tax obligations.
Ideal For
Employees with straightforward T4 income can complete their return in under 15 minutes. Students benefit from automatic tuition credit optimization, student loan interest carry-forward, and moving expense detection. Families with children get Canada Child Benefit optimization and childcare expense deduction calculations. Freelancers and self-employed filers report income and expenses through T2125 with CCA deduction support and home office claims included at no extra cost. Investors with capital gains, dividend income, and RRSP or TFSA contributions get full support for T3 and T5 slip processing. Retirees benefit from pension income splitting optimization and OAS clawback calculations. Newcomers filing their first Canadian return get guided assistance through the entire process.
Not Ideal For
Corporate tax returns filed on T2 require dedicated business tax software. Trust returns filed on T3 need specialized platforms. Filers with significant US or international income across multiple jurisdictions should consult a cross-border tax specialist. Farmers and fishers with highly specialized deduction schedules may find the platform insufficient for their specific needs.
Wealthsimple Tax vs The Competition
Feature
Wealthsimple Tax
TurboTax
H&R Block
StudioTax
Price
Pay-what-you-want (C$0+)
C$29.99 to C$59.99
C$19.99 to C$49.99
C$0 (donation)
CRA Auto-Fill
Yes
Yes
Yes
No
NETFILE Certified
Yes
Yes
Yes
Yes
Self-Employment (T2125)
Included free
Paid tier only
Paid tier only
Included
Investment Income
Included free
Paid tier only
Paid tier only
Included
Mobile Filing
Full mobile and web
Limited mobile
Limited mobile
Desktop only
Refund Guarantee
Yes (all filers)
Yes (paid tiers)
Yes (paid tiers)
No
Quebec TP-1
Yes
Yes
Yes
Yes
Real-Time Optimization
Yes
Basic
Basic
No
TurboTax and H&R Block offer solid products, but you pay C$30 to C$60 for features that Wealthsimple Tax includes at no mandatory cost. StudioTax is free but lacks CRA Auto-Fill and offers only a dated desktop interface without real-time optimization. For the vast majority of Canadian filers, Wealthsimple Tax delivers the strongest combination of features, usability, and value.
If you have complex cross-border income or need audit representation, TurboTax Live and H&R Block Pro offer paid tiers with CPA access and audit defence. Wealthsimple Tax does not currently offer live tax professional support, so filers with unusual situations may benefit from paying for that additional layer.
What to Do With Your Refund
The average Canadian tax refund is approximately C$2,100. Most people treat it as found money and spend it immediately. But your refund is not a bonus. It is money you already earned that the government held interest-free throughout the year. The smartest move is to put it to work immediately.
If you invested a C$2,100 refund in a TFSA earning an average 7% annual return, it would grow to approximately C$2,946 after five years, C$4,131 after ten years, and C$8,124 after twenty years, entirely tax-free. If you reinvested your refund every year for 30 years at that same rate, those annual C$2,100 contributions would compound to over C$198,000 inside your TFSA with no tax on withdrawals.
The Wealthsimple ecosystem makes this seamless. Your refund flows directly from Wealthsimple Tax into your Wealthsimple investing account through the same app and the same login. You can set up automatic contributions to a TFSA, RRSP, or FHSA and let compound growth do the work.
For a complete breakdown of the investing platform, read our Wealthsimple Review 2026. If you are saving for a first home, our FHSA Guide explains how to combine FHSA tax deductions with TFSA flexibility for maximum down payment growth.
Step-by-Step: How to File with Wealthsimple Tax
Filing your Canadian T1 return with Wealthsimple Tax is straightforward, but knowing the full process helps you avoid common mistakes and get your refund as quickly as possible.
Step 1: Create or log into your Wealthsimple account. If you already use Wealthsimple for investing or Cash, your tax login is the same. If not, registration takes under two minutes with just your email and a password.
Step 2: Start a new return for the 2025 tax year. Wealthsimple Tax prompts you to select your province or territory of residence as of December 31, 2025. This determines which provincial credits and deductions apply to your return.
Step 3: Authorize CRA Auto-Fill. This is the single most time-saving step. Click "Import slips from CRA" and authorize Wealthsimple to access your CRA My Account. Within seconds, all available slips — T4, T5, T3, T4A, RRSP receipts, T2202 — are imported automatically. CRA Auto-Fill slips are typically available from late February onwards.
Step 4: Complete the interview. Wealthsimple Tax guides you through a series of plain-language questions rather than presenting you with blank tax forms. Questions adapt based on your answers — if you say you are self-employed, you see business income questions; if not, those sections are hidden. The interview covers your personal situation, income sources, deductions, and credits.
Step 5: Review the optimization flags. After the interview, the optimization engine reviews your return and flags any missed deductions or credits worth investigating. For example, it may note that you have unused RRSP room, that bundling this year's charitable donations with last year's could increase your credit, or that your moving expense might be eligible if you relocated for work.
Step 6: Review your Summary page. This shows your total income, deductions, credits, net income, taxable income, total tax, and your refund or balance owing broken down by federal and provincial. Review every line to confirm accuracy before filing.
Step 7: Submit via NETFILE. Click "Submit" and Wealthsimple Tax transmits your return directly to the CRA. You receive a NETFILE confirmation number immediately — save this as your proof of filing. CRA acknowledgment of receipt typically arrives within minutes. Your Notice of Assessment comes within two weeks, and direct-deposit refunds often arrive within eight business days.
Step 8: File Quebec TP-1 simultaneously if applicable. Quebec residents file both their federal T1 and provincial TP-1 in the same session. Wealthsimple Tax prepares both returns from the same information and files them together. Revenu Quebec acknowledgment arrives separately.
Supported Forms and Tax Situations
One of Wealthsimple Tax's strengths is the breadth of tax situations it handles at no mandatory cost. Here are all the major income sources and deductions the platform supports.
Employment and Benefits:
T4 (Employment Income), T4A (Pension, Retirement, Annuity, Other Income), T4E (Employment Insurance Benefits), T4A(OAS) (Old Age Security), T4A(P) (CPP or QPP Benefits), T4RIF (Registered Retirement Income Fund).
Investment Income:
T5 (Investment Income — dividends, interest), T3 (Trust Income — mutual funds, ETFs), T5013 (Statement of Partnership Income), T5008 (Statement of Securities Transactions), capital gains and losses on Schedule 3.
Registered Accounts:
RRSP contributions and deductions, RRSP unused contribution room carry-forward, TFSA over-contribution checking (advisory only), FHSA (First Home Savings Account) deductions and qualifying withdrawals.
Education and Training:
T2202 (Tuition and Enrolment Certificate), student loan interest carry-forward up to five years, education and textbook amount carry-forward from pre-2017 returns.
Self-Employment and Business:
T2125 (Statement of Business or Professional Activities), home office expenses (detailed method or temporary flat rate), vehicle expenses (actual or flat-rate), capital cost allowance (CCA) on business assets.
Real Estate:
Rental income and expenses on Schedule 776, principal residence exemption on Schedule 3, first-time home buyer amount.
Family and Benefits:
Canada Child Benefit, childcare expenses, spousal amount and spouse's income, eligible dependant amount, medical expenses on Schedule A, charitable donation tax credit.
Provincial and Territorial Credits:
All provinces and territories including Ontario, Quebec, BC, Alberta, and all others. Quebec TP-1 returns including Solidarity Tax Credit, Quebec childcare expenses, and QPP contributions.
Wealthsimple Tax vs. TurboTax vs. H&R Block Canada
Understanding the real differences between these three major platforms helps you choose the one that fits your situation and saves you money.
Comparison Factor
Wealthsimple Tax
TurboTax Canada
H&R Block Online
Base Price
Pay-what-you-want (C$0+)
C$0 for basic; C$29.99–C$59.99 for full
C$19.99–C$49.99
Self-Employment (T2125)
Included free
Premier plan only (C$49.99)
Self-Employed plan (C$49.99)
Investment income (T3/T5)
Included free
Premier plan only
Premium plan
CRA Auto-Fill
Yes (all plans)
Yes (all plans)
Yes (all plans)
Real-time optimization
Yes (all deductions)
Basic recommendations
Basic recommendations
Maximum Refund Guarantee
Yes (all filers)
Yes (paid plans)
Yes (paid plans)
Quebec TP-1
Included free
Included
Included
Prior year import
Yes
Yes
Yes
Live CPA access
No
Yes (TurboTax Live, C$99+)
Yes (in-person offices)
Audit defence
No
Yes (paid add-on)
Yes (in-person)
Mobile app
Full-featured
Limited
Limited
Corporate T2
No
Yes (TurboTax Business)
Yes (in-person)
When to choose Wealthsimple Tax: You are filing a personal T1 return — employee, student, freelancer, investor, or retiree. You want the maximum refund with zero mandatory cost. You are already in the Wealthsimple ecosystem and want crypto and investment data to import automatically.
When to choose TurboTax: You have a complex return that requires a CPA review in real time (TurboTax Live), or you need audit defence coverage. TurboTax has the largest user base in Canada and the most extensive CPA network for paid support. For standard personal returns, TurboTax's paid plans offer no meaningful advantage over Wealthsimple Tax's free offering.
When to choose H&R Block: You prefer the option of in-person filing assistance or you need a tax professional to handle a CRA audit on your behalf. H&R Block's approximately 1,000 Canadian office locations provide a human touchpoint that digital-only platforms cannot match. For filers with straightforward returns, the in-person option is unnecessary and overpriced.
The bottom line: For the vast majority of Canadian personal filers, Wealthsimple Tax delivers every feature competitors charge C$30–60 for, at no mandatory cost, with better real-time optimization than either paid competitor. The only genuine reason to pay TurboTax or H&R Block is for live CPA access or audit defence — services that are worth their price only if you have a genuinely complex or risky return.
Common Mistakes and How Wealthsimple Tax Catches Them
Canadian tax returns are full of easily missed deductions and commonly made errors. Here is how Wealthsimple Tax's optimization engine addresses the most frequent mistakes.
1. Forgetting to claim unused RRSP contribution room: Many Canadians have accumulated unused RRSP room from previous years and do not realize they can carry it forward indefinitely. Wealthsimple Tax pulls your current RRSP deduction limit from your Notice of Assessment via CRA Auto-Fill and prominently displays how much you can still contribute before the March deadline to claim it on your current-year return.
2. Missing the medical expense threshold: The medical expense tax credit only applies to amounts exceeding 3% of your net income (or C$2,635 in 2025, whichever is less). Many Canadians discard their medical receipts thinking the amount is too small, not realizing that expenses paid by either spouse across a 12-month period ending in the tax year can be combined to clear the threshold. Wealthsimple Tax's optimization engine automatically tests whether including your spouse's medical expenses on one return increases your combined credit.
3. Not claiming home office expenses: Self-employed Canadians and employees who worked from home in 2025 (with employer certification) can claim home office expenses. The flat-rate method (C$2/day) requires minimal documentation, while the detailed method captures actual utility, internet, and rent proportions. Wealthsimple Tax offers both methods and shows which generates a larger deduction for your specific situation.
4. Overlooking charitable donation bundling: The federal donation tax credit is 15% on the first C$200 donated and 29% (or higher in some provinces) on amounts above C$200. If you donated C$150 each year for two years, claiming C$300 in one year gets you the higher rate on C$100 of donations versus claiming C$150 each year at the lower rate. Wealthsimple Tax flags this opportunity automatically.
5. Missing student loan interest deductions: Interest paid on federal and provincial student loans (but not private bank loans) is eligible for a federal non-refundable tax credit. If your income was too low to benefit in a previous year, you can carry the deduction forward for up to five years. Wealthsimple Tax tracks this automatically and applies it in the most tax-efficient year.
Provincial Filing: What Wealthsimple Tax Handles
Wealthsimple Tax files federal T1 returns for all provinces and territories and prepares provincial returns simultaneously. Here is what it covers by province.
Ontario: All Ontario tax credits including the Ontario Trillium Benefit (energy, property tax, and sales tax components), Ontario Senior Homeowners' Property Tax Grant, Ontario Children's Activity Tax Credit, and Ontario Political Contribution Tax Credit.
British Columbia: BC Tax Credits including the BC Climate Action Tax Credit, BC Seniors' Home Renovation Tax Credit, BC Renter's Tax Credit, and BC Political Contributions Tax Credit.
Quebec: Full TP-1 provincial return certified by Revenu Quebec. Unique Quebec credits including the Solidarity Tax Credit (housing, QST, and northern allowance components), childcare expense refundable credit, and various QPP-related adjustments. Both federal and Quebec returns filed simultaneously.
Alberta: Alberta has no provincial income tax credit system separate from the federal credits. Wealthsimple Tax calculates Alberta provincial tax at the flat 10% rate plus any applicable Alberta-specific surtaxes.
Atlantic Provinces: New Brunswick, Nova Scotia, PEI, and Newfoundland and Labrador provincial credits all supported, including low-income tax reductions, seniors' tax credits, and provincial political contribution credits.
Saskatchewan and Manitoba: Province-specific credits and reduced-income provisions all included in the automated calculation.
Prairie and Northern Territories: Yukon, Northwest Territories, and Nunavut returns supported with northern resident deductions, which are particularly valuable for Canadians living in prescribed northern zones who can claim substantial deductions for travel and housing benefits.
Tips for Getting the Maximum Refund
Every percentage point of additional refund represents real money. These evidence-based strategies consistently improve Canadian tax outcomes when executed before the filing deadline.
1. Make your RRSP contribution before March 2, 2026. The RRSP contribution deadline for the 2025 tax year is 60 days after December 31, 2025, which falls on March 1, 2026 (or March 2 in a non-leap year). Contributions made by this date are deductible on your 2025 return. At a 33% marginal rate, a C$10,000 RRSP contribution generates a C$3,300 refund directly. Use Wealthsimple Tax's RRSP calculator to find your exact break-even and optimal contribution amount.
2. Maximize your FHSA deduction if you are a first-time buyer. The First Home Savings Account allows contributions of C$8,000 per year (C$16,000 in year one with carry-forward) that are fully deductible from income — exactly like an RRSP. Unlike an RRSP, there is no repayment required when you withdraw to buy your first home. If you contributed to an FHSA in 2025, Wealthsimple Tax automatically applies the deduction. If you have not yet opened an FHSA and qualify as a first-time buyer, opening one and contributing before December 31 each year is one of the most valuable tax moves available to Canadians under 71 who have not owned a home in the previous four years.
3. Claim every eligible tuition credit and carry-forward unused amounts. Post-secondary students accumulate tuition credits via T2202 slips. If your income was too low to use the credit in the year it was earned, you can carry it forward indefinitely or transfer up to C$5,000 to a parent or grandparent. Wealthsimple Tax automatically carries forward unused tuition and recommends the optimal transfer strategy.
4. Track all medical expenses for both spouses across a 12-month window. The CRA allows you to claim medical expenses for any 12-month period ending in the tax year (not just the calendar year), and you can claim expenses for your spouse and dependants. Combining both spouses' expenses on the higher-income earner's return often maximizes the credit because the 3% income threshold is lower relative to the total medical expenses claimed. Wealthsimple Tax tests this automatically.
5. Claim your home office if you are fully remote. Employees who worked from home for more than 50% of their time for at least four consecutive weeks and have a signed T2200 from their employer can deduct home office expenses. The detailed method typically generates a larger deduction than the flat rate for anyone paying rent in a major Canadian city. Collect your monthly rent, internet, and utility bills throughout the year so you have documentation at filing time.
Frequently Asked Questions
Frequently Asked Questions
Yes. Wealthsimple Tax uses a pay-what-you-want model. You complete your entire return with all features unlocked, see your refund or balance owing, and then choose what to pay, including C$0. There are no paywalls, no locked features, and no surprise charges. Over 4 million Canadians used it last year.
The CRA typically opens NETFILE in mid-to-late February each year. You can start entering your information in Wealthsimple Tax before NETFILE opens and submit as soon as filing season begins. CRA Auto-Fill slips usually become available in late February to early March as employers and financial institutions submit them.
Yes. Wealthsimple Tax is fully certified by the CRA for NETFILE electronic filing and by Revenu Quebec for TP-1 returns. All data is encrypted with bank-level 256-bit SSL encryption, and Wealthsimple is regulated by Canadian financial authorities. Your tax data is stored securely in Canada.
Yes. Wealthsimple Tax supports T2125 (Statement of Business or Professional Activities) for self-employed individuals and freelancers. You can report business income and expenses, calculate CCA (Capital Cost Allowance) on business assets, and claim home office deductions, all included at no extra cost.
CRA Auto-Fill connects directly to your CRA My Account through a secure authorization process. Once connected, it automatically imports your tax slips including T4, T5, T3, T4A, T4E, RRSP receipts, and T2202 directly into your return. This typically saves 15 to 30 minutes of manual data entry and reduces the risk of transcription errors.
Yes. Wealthsimple Tax can import your prior-year return data from TurboTax, H&R Block, and other major tax software. This carries forward important information like unused RRSP contributions, capital loss carry-forwards, and tuition credits. Combined with CRA Auto-Fill for the current year, switching takes just a few minutes.
Yes. Wealthsimple Tax supports Quebec provincial returns (TP-1) and is certified by Revenu Quebec for electronic filing. Both your federal and Quebec returns are prepared simultaneously, and any Quebec-specific credits and deductions such as the Solidarity Tax Credit are automatically calculated.
Start Your 2026 Tax Return Now
CRA-certified. NETFILE-ready. Pay what you want. Import your slips, optimize your deductions, and get your maximum refund in under 20 minutes.