$0 is the minimum price shown for filing a return with Wealthsimple Tax, formerly SimpleTax. The software is NETFILE-certified by the Canada Revenue Agency and runs on a “pay what you want” model.
$0 is a valid choice at checkout, not a price shown by mistake. Wealthsimple Tax offers a slider or a field where you enter the amount you want to pay for your return yourself, and $0 is a valid option.
The software gives access to all the necessary forms regardless of the amount chosen. There's no stripped-down version reserved for people who pay: the return produced is the same.
This model has been around since the SimpleTax days, before Wealthsimple bought it, and the logic hasn't changed since. The brand counts on some users paying voluntarily, often after using the service for free the first time.
The site distinguishes a few levels of support, with wording close to “basic,” “plus,” and “pro” depending on the version you land on. The difference mostly comes down to support offered and processing speed, not the forms available.
| Item | What's advertised |
|---|---|
| Base price | Starting at $0, amount left to the user's choice |
| Standard processing | 3 days |
| Priority processing | 1 day |
| Number of returns | Total 2025 returns allowed per Wealthsimple account, varies by tier |
Recorded from Wealthsimple's English and French product pages. The thresholds and the exact number of returns included change with site updates, without notice.
The exact number of returns allowed per account isn't fixed over time: the source page refers to a total for the current tax year, without giving a stable figure from one year to the next.
$50 CAD is the advertised refund cap if you use a competing software with identical information and that software ends up costing you more than what you would have paid Wealthsimple. The brand then refunds whichever is higher between the price paid to the competitor and the optional amount you would have paid Wealthsimple, up to that cap.
Wealthsimple Tax automatically calculates the deduction tied to an RRSP contribution once the slips are entered, and applies the same logic to an FHSA contribution. Wealthsimple doesn't publish a typical refund figure: the final amount depends entirely on income, marginal tax rate, and each person's slips, which makes it impossible to advertise a generic “RRSP tax refund.”
For the RRSP contribution itself, the deadline doesn't line up with the filing deadline. RRSP deadline and the dates not to confuse breaks down the dates that come up every year.
Using Wealthsimple Tax doesn't make you eligible for the welcome offer tied to opening an investing, crypto, or chequing account: these are two separate worlds within the Wealthsimple ecosystem. To understand how this software fits with the rest of the products, full review of Wealthsimple's products gives an overview, and Wealthsimple referral code and the $35 bonus explains how the separate bonus works, with code LOIO3A and the $10 conditional on an Interac e-Transfer after the request form.
A referral bonus earned elsewhere on the platform can carry tax implications worth declaring, fittingly enough with a tool like this one. The details are covered in tax treatment of the Wealthsimple referral bonus.
It calculates the actual deduction based on your slips once they're entered into the software, but Wealthsimple doesn't publish a typical amount. The result depends on your income and marginal tax rate, so it varies from person to person.
No, the calculation happens directly within the return once your FHSA information is entered, not through a separate tool. The software applies the deduction based on the slips provided.
Yes, $0 is a valid and fully functional payment option, not a limited-time promotion. All forms remain accessible regardless of the amount chosen.
Yes, the software is NETFILE-certified, which allows direct electronic transmission of both federal and provincial returns.
No, Wealthsimple Tax doesn't count as an eligible account for the welcome offer. You need to open a separate investing or chequing account to have a shot at the bonus tied to the referral code.