Tool profile
Wealthsimple Tax: cost, fit and limits
Wealthsimple Tax is a Canadian online tax filing service made by SimpleTax Software Inc. that lets individuals prepare and file T1 returns with the CRA through NETFILE, with a pay-what-you-want Basic plan and paid plans that add guidance.
What to know first
Wealthsimple Tax offers three plans for Canadian individuals. Basic is pay what you want, and the FAQ says even $0. Plus is $40 plus tax and Pro is $80 plus tax, with Pro including one-on-one guidance from a tax expert. Plus and Pro are free for Premium and Generation clients of Wealthsimple. The software is CRA- and NETFILE-certified, and the pages checked name no AI feature.
Wealthsimple Tax at a glance
| Maker | SimpleTax Software Inc., Canada |
|---|---|
| Free plan | Yes |
| Entry price | Pay what you want (Basic, even $0) |
| API access | No |
| Category | Best AI Tax Preparation Software in 2026, rank 4 of 10 |
| Website | wealthsimple.com/en-ca/tax |
Who Wealthsimple Tax is best for
Canadians with a straightforward return
The Basic plan lets a filer pay whatever they choose, including nothing, for a do-it-yourself return filed through NETFILE. The FAQ confirms the amount can be zero, which suits students and low-income filers.
Existing Wealthsimple clients
Plus is free for Premium clients and Pro is free for Generation clients, so the paid tiers cost nothing extra for people already on those plans.
Filers who want to pull data from the CRA
CRA My Account import brings in slips, so a filer retypes less of the return. The import reads data from the CRA's own My Account service, so the figures match what the CRA already holds.
Wealthsimple Tax plans and pricing
| Plan | Price | What it includes |
|---|---|---|
| Basic | Pay what you want, even $0 | Do-it-yourself filing. The FAQ states the price can be zero. The page does not say how the amount is chosen or whether income type limits the plan. |
| Plus | $40 plus tax, free for Premium clients | A plan with more guidance per the tax page, charged on top of the amount shown and free for Premium clients. |
| Pro | $80 plus tax, free for Generation clients | Adds one-on-one guidance from a tax expert and is free for Generation clients of Wealthsimple. |
Checked November 2026.
What Wealthsimple Tax does
- NETFILE certification
- The page describes the software as CRA- and NETFILE-certified, so returns go to the Canada Revenue Agency electronically. NETFILE is the CRA's electronic filing service, and the page presents certification as part of the software's description.
- CRA My Account import
- Slips and data can be imported from CRA My Account, reducing retyping of income slips. The import comes from the CRA's online account for taxpayers, so slips filed by employers can arrive without manual entry.
- Do-it-yourself and do-it-with-me
- Filers choose between preparing the return alone or working through it with guidance, depending on the plan. Do-it-with-me is the guided route, while do-it-yourself leaves the filer to complete each screen alone on Basic.
- Maximum refund guarantee
- The tax user agreement sets out a maximum refund guarantee. Its conditions sit in the agreement, not on the marketing page. It is part of the tax user agreement, so a filer should read the agreement for the conditions that apply.
- Expert guidance on Pro
- The top plan includes one-on-one guidance from a tax expert, which the cheaper plans do not. Pro is priced at $80 plus tax, and Generation clients receive it at no charge according to the page.
How Wealthsimple Tax handles your data
The tax user agreement says Wealthsimple does not sell client data and describes commercially reasonable administrative, technical and physical controls. It states that a copy of the 2025 return may be available for up to six years after filing, and otherwise that there is no duty to keep return information unless the law requires it. The pages read do not state whether data trains AI models, where it is hosted or whether any security certification applies, and no separate privacy policy was linked.
Where Wealthsimple Tax falls short in practice
- Plan prices exclude tax. Plus at $40 and Pro at $80 are quoted before sales tax, so the Canadian invoice total is higher than the headline. Sales tax is added to Plus and Pro, so compare the final amount at checkout rather than the headline.
- Free paid tiers need client status. Plus and Pro cost nothing only for Premium and Generation clients, so a non-client pays the listed price. That makes the tax page a mixed offer, since part of the price list depends on being a Wealthsimple customer.
- Individual filers only. The pages describe personal returns. There is no multi-user practice edition, so accountants preparing client files look elsewhere, for example TaxCycle. Wealthsimple Tax suits one household filing its own returns, not a firm with client files and staff.
- No privacy or security page linked. The tax page and user agreement do not link a privacy policy or security page, leaving training, hosting and certification unanswered. Ask Wealthsimple directly where return data is stored and whether it is used to train any models.
Works with
Alternatives to Wealthsimple Tax
Wealthsimple Tax: common questions
Can I file with Wealthsimple Tax for free?
Yes. The Basic plan is pay what you want and the FAQ says even $0. Plus at $40 plus tax and Pro at $80 plus tax are free only for Premium and Generation clients respectively. If you are not a client, those two plans carry their listed prices on top of sales tax.
Is Wealthsimple Tax approved by the CRA?
The tax page describes the software as CRA- and NETFILE-certified, so returns are filed electronically with the Canada Revenue Agency. We did not test filing ourselves and did not look at the CRA's own list of certified software, so confirm status for your tax year on the CRA site.
Does Wealthsimple Tax import my slips from the CRA?
It lists CRA My Account import as a feature. That is the CRA service that holds your tax slips, so importing can fill in income and reduce typing. The pages read do not say which slips are covered, so compare imported figures with the paper slips.
How long does Wealthsimple keep my tax return?
The tax user agreement says a copy of the 2025 return may be available for up to six years after filing, and otherwise there is no obligation to keep return information except where law requires it. Download and store your own copy of each return.
Does Wealthsimple Tax use AI?
The vendor pages we read name no AI feature, so the product is described as certified filing software with optional expert guidance instead. The user agreement says Wealthsimple does not sell client data but is silent on model training. Ask the company directly if that matters to you.