Learn more about Wealthsimple Tax in our Wealthsimple Tax review. Wealthsimple Tax uses NETFILE and is approved by the Canadian Revenue Agency as well as Revenue Quebec. SimpleTax was purchased by Wealthsimple in 2019 and was rebranded to become Wealthsimple Tax in 2021. Wealthsimple Tax may be unfamiliar to you it used to be known as SimpleTax, which has been a popular tax filing option since 2012. Wealthsimple Tax is similar to TurboTax in that it is also an online tax app that allows you to file your own taxes from the comfort of your own home. Learn more about TurboTax in our TurboTax Canada review. TurboTax is certified by the Canada Revenue Agency (CRA) as well as Revenue Quebec, and is compatible with NETFILE, which allows Canadians to submit their tax return to the CRA online and get a quicker refund. For the sake of this review, we are comparing only the online versions. There’s a free online version for those who don’t need as much guidance and are confident filing taxes on their own, a downloadable version, which you need to pay for, and online versions that provide more guidance and are free to use until you choose to submit and file your taxes. The company has been operating in Canada since the early 1990s, and today, TurboTax is considered a household name when it comes to income tax software. TurboTax is made by Intuit, which also owns other popular products including Mint (the budgeting app) and QuickBooks (the accounting software).
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