CloudTax vs Wealthsimple Tax

CloudTax8.5Visit Wealthsimple Tax7.9Visit

Higher score CloudTax #6 in Personal Tax Software 8.5/10 Free plan Free plan✓ 4 of 4 features Visit CloudTax

vs

Wealthsimple Tax #12 in Personal Tax Software 7.9/10 Free plan Free plan✓ 4 of 4 features Visit Wealthsimple

• CloudTax fits best

  Canadian filers wanting expert help

• Wealthsimple Tax fits best

  Canadian filers wanting expert access

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Side by side

Feature	CloudTax 8.5/10 Visit ↗	Wealthsimple Tax 7.9/10 Visit ↗
At a glance
Editor score	8.5	7.9
Ranking	#6 in Personal Tax Software	#12 in Personal Tax Software
Best for	Canadian filers wanting expert help	Canadian filers wanting expert access
Pricing model	Free plan + paid	Free plan + paid
Starting price	$39/yr	—
Free plan	✓	✓
Free trial	—	—
Deployment	Cloud, Mobile	Cloud
Platforms	Web, iOS, Android	Web
Support	Email, Live chat, Phone, Docs	Email, Docs
Compliance	SOC 2, 2FA	2FA
Integrations	3 integrations	2 integrations
Built for	Solo, Small business, Mid-market	Solo, Small business
Features CloudTax 4/4 · Wealthsimple Tax 4/4
Self-employment support	✓	✓
Investment income	✓	✓
Rental income	✓	✓
Audit support	✓	✓
Specs
State filing	Included	Included
Mobile access	Web_and_mobile	Web_only
Our review
Pros	Free DIY filing with CRA slip import and AI document scanning Supports provincial forms, NETFILE, rental, investment, and business income Offers expert review, full preparation, and audit protection options	Free filing includes access to all tax forms and optional $0 payment Supports self-employment, investments, rentals, and foreign income Pro adds one-on-one, year-round access to tax experts
Cons	Audit protection is limited to selected paid plans Specialist support for rentals, foreign income, and crypto starts at paid tiers CloudTax Free has provincial and territorial availability exclusions	Available on the web only; its mobile app is no longer supported Pro is unavailable in Québec Expert guidance and audit protection require paid plans
Our verdict	CloudTax is Canadian personal tax software for individuals filing T1 returns online. It combines guided DIY preparation with CRA Auto-Fill and slip import, AI-powered document and slip scanning, provincial tax forms, and NETFILE submission… Read the review →	Wealthsimple Tax is web-based Canadian tax software for residents with a Social Insurance Number who want to file their own returns with the option of paid support. It supports CRA and Revenu Québec NETFILE-certified filing, slip imports,… Read the review →

Strengths and trade-offs

• CloudTax — where it wins

  • Free DIY filing with CRA slip import and AI document scanning
  • Supports provincial forms, NETFILE, rental, investment, and business income
  • Offers expert review, full preparation, and audit protection options

  Where it doesn't

  • Audit protection is limited to selected paid plans
  • Specialist support for rentals, foreign income, and crypto starts at paid tiers
  • CloudTax Free has provincial and territorial availability exclusions

• Wealthsimple Tax — where it wins

  • Free filing includes access to all tax forms and optional $0 payment
  • Supports self-employment, investments, rentals, and foreign income
  • Pro adds one-on-one, year-round access to tax experts

  Where it doesn't

  • Available on the web only; its mobile app is no longer supported
  • Pro is unavailable in Québec
  • Expert guidance and audit protection require paid plans

• CloudTax8.5/10 · Free plan

  A flexible Canadian tax service spanning free DIY filing, expert review, and full preparation.

  Visit CloudTaxFull verdict →
• Wealthsimple Tax7.9/10 · Free plan

  A flexible Canadian filer for complex returns, with optional access to tax experts.

  Visit WealthsimpleFull verdict →