🧾 Tax Guide
Wealthsimple Tax Review 2026
Canada's best free tax filing software. File your complete return — including investments, self-employment, and rental income — at no cost.
• Updated May 2026• 🇨🇦 Canada only• 5 min read
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Our Verdict: Best Free Tax Software in Canada
For the vast majority of Canadians — including investors with RRSP/TFSA slips, crypto gains, and T3/T5 income — Wealthsimple Tax handles everything TurboTax does, for free. The interface is clean, NETFILE is fast, and the CRA auto-fill eliminates most data entry.
What Wealthsimple Tax Covers
💰
100% Free
File your return at no cost. Pay what you want (including $0).
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NETFILE Certified
Submit directly to CRA. Get your refund in as little as 8 days.
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Auto-fill My Return
Import T4s, RRSP slips, and other CRA data automatically.
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Web & App
File from any browser or the Wealthsimple app on iOS and Android.
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RRSP & TFSA Support
Handles RRSP contributions, HBP, LLP, and investment slips.
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Self-Employed
Supports T2125 for freelancers, contractors, and side businesses.
Wealthsimple Tax vs TurboTax vs H&R Block
| Feature | WS Tax | TurboTax | H&R Block |
|---|---|---|---|
| Cost | Free (pay-what-you-want) | From $20.99/return | From $19.99/return |
| NETFILE | ✓ Yes | ✓ Yes | ✓ Yes |
| Auto-fill (CRA import) | ✓ Yes | ✓ Yes | ✓ Yes |
| Self-employed (T2125) | ✓ Yes | ✓ Yes (paid) | ✓ Yes (paid) |
| Rental income (T776) | ✓ Yes | ✓ Yes (paid) | ✓ Yes (paid) |
| Crypto gains support | ✓ Yes | ✓ Yes | ✓ Yes |
| Investment income (T3/T5) | ✓ Yes | ✓ Yes | ✓ Yes |
| Mobile app | ✓ Yes (Wealthsimple app) | ✓ Yes | ✓ Yes |
How to File with Wealthsimple Tax
1
Create or log in to your Wealthsimple account
Go to wealthsimple.com/tax or open the Wealthsimple app and tap Tax.
2
Connect CRA MyAccount
Use Auto-fill My Return to import T4s, investment slips, and RRSP receipts automatically.
3
Answer the interview questions
Wealthsimple walks you through your return step-by-step. It only shows sections relevant to your situation.
4
Review and NETFILE
Review your summary, then submit directly to CRA. Most refunds arrive within 8 business days via direct deposit.
Frequently Asked Questions
Is Wealthsimple Tax really free?▾
Yes — Wealthsimple Tax operates on a pay-what-you-want model. You can file your complete return, including T4s, investment slips, self-employment income, and rental income, for $0. Wealthsimple makes money through its investing products, not its tax product.
What is the difference between Wealthsimple Tax and SimpleTax?▾
They are the same product. Wealthsimple acquired SimpleTax in 2019 and rebranded it to Wealthsimple Tax in 2021. The same team continues to build and maintain it.
Can I import my T4 automatically?▾
Yes — if you have a CRA MyAccount, you can use the Auto-fill My Return feature to import T4s, T3s, T5s, RRSP receipts, and other slips directly from the CRA. This eliminates manual data entry and reduces errors.
Does Wealthsimple Tax support Quebec returns?▾
Yes — Wealthsimple Tax supports both federal and Quebec (TP1) returns for Quebec residents through Revenu Québec's NETFILE service.
Can I file for a spouse or family member?▾
Yes — you can file returns for your spouse, common-law partner, or other family members within the same account. Wealthsimple Tax optimizes spousal and family returns together where applicable.
Investment tip: After filing, if you had capital gains, use our Capital Gains Calculator to plan your tax bill for next year. And if you hold investments in a TFSA, those gains are completely tax-free.
Open a Wealthsimple investing account with code NLX83A — get $25 free and access to free tax filing in the same app.
Get Started — $25 Free →