Wealthsimple Tax

What Wealthsimple Tax is

Wealthsimple Tax is a web-based tax product from Wealthsimple Tax, a maker based in Toronto, Canada, and founded in 2014. Its listed support includes self-employment, investment, and rental income, as well as state filing and audit support. The product uses a freemium model and offers a free plan. Its three listed plans are distinguished by the number of returns: Basic includes two, Plus includes eight, and Pro includes nine or more. Wealthsimple Tax is available on the web, and mobile access is web only, so the listed mobile route is the web experience. Its support for several income types may be relevant to people whose tax returns include self-employment, investments, or rental property. The return counts also give people handling multiple returns a way to compare the listed plan allowances.

Who it suits

It may suit people filing returns that include self-employment, investment, or rental income. The plan allowances may also matter to people handling multiple returns.

Limits

The free plan is available, while the listed tiers are separated by return capacity: Basic allows two returns, Plus eight, and Pro nine or more.

Getting started

1. Open the Wealthsimple Tax website
2. Use the web version on your computer or mobile device
3. Choose the free plan or a return-based plan
4. Select Basic, Plus, or Pro according to the number of returns

Verdict

Wealthsimple Tax lists support for several income types, state filing, and audit support.