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Head-to-head · Tax Preparation Software

Wealthsimple Tax vs Drake Tax

  • Updated Oct 2026
  • Both researched from official sources
  • 6 checks side by side
Higher score Wealthsimple Tax #7 in Tax Preparation Software 8.5/10 Free plan Free plan✓ 0 of 5 features Try Wealthsimple Tax
Drake Tax #17 in Tax Preparation Software 7.5/10 Paid ✓ 5 of 5 features Visit Drake Tax

Wealthsimple Tax leads on 1 check, Drake Tax on 0, and 5 are even. Who comes out ahead on the 6 yes/no, price and count checks where we have data for both products. The editor score weighs everything else too.

Our verdict

  • Highest scoreWealthsimple Tax · 8.5/10
  • Free planonly Wealthsimple Tax
  • Most featuresDrake Tax · 5 of 5

Wealthsimple Tax scores higher on our rubric for tax preparation software: 8.5 against 7.5 out of 10; our editors rank them #7 and #17.

Wealthsimple Tax offers free plan; Drake Tax doesn't.

Wealthsimple Tax is the better fit for free Canadian filing with expert and audit options. Drake Tax is the better fit for professional preparers needing broad tax coverage.

  • Wealthsimple Tax fits best

    Free Canadian filing with expert and audit options

  • Drake Tax fits best

    Professional preparers needing broad tax coverage

Advertiser disclosure: iTechGuides is reader-supported. Vendors can pay for top positions in our rankings and for a place on other products' pages, and we may earn a commission when you click some links. Bought places stand at the number bought; this page and our disclosure say so. Paying vendors may get a fuller, more detailed review from our editors, and that review can change their score. How we rank.

Side by side

Feature Wealthsimple Tax 8.5/10 Visit ↗ Drake Tax 7.5/10 Visit ↗
At a glance
Editor score 8.5 7.5
Ranking #7 in Tax Preparation Software #17 in Tax Preparation Software
Best for Free Canadian filing with expert and audit options Professional preparers needing broad tax coverage
Pricing model Free plan + paid Paid
Starting price — $1,895/yr
Free plan ✓ (best) —
Free trial — —
Deployment Cloud Desktop
Platforms Web Windows
Support Email, Docs Phone, Email, Live chat, Docs
Compliance 2FA 2FA
Integrations 2 integrations 8 integrations
Built for Solo, Small business Small business, Mid-market, Enterprise
Features Wealthsimple Tax 0/5 · Drake Tax 5/5
State returns Not checked yet ✓ (best)
Amended returns Not checked yet ✓ (best)
Self-employed support Not checked yet ✓ (best)
Rental income support Not checked yet ✓ (best)
Electronic filing included Not checked yet ✓ (best)
Specs
Filer types Not checked yet Both
Our review
Pros
  • Free Basic filing with access to all tax forms
  • Handles self-employment, investment, rental and foreign income
  • Offers audit protection and one-on-one tax expert guidance
  • Supports individual, business, multi-state, and amended returns
  • Includes diagnostics, compliance checks, imports, and tax planning tools
  • Offers federal and state e-filing with professional integrations
Cons
  • Available on the web only
  • The Pro plan is unavailable in Québec
  • Paid plans are needed for priority support and audit protection
  • Windows desktop software limits platform flexibility
  • No free plan; annual pricing starts at $379.99
  • Business returns cost extra on the 1040-focused plans
Our verdict

Wealthsimple Tax is a Canadian do-it-yourself tax-filing platform for residents with a Social Insurance Number. It supports CRA and Revenu Québec NETFILE-certified filing, slip imports, employment and self-employment income, investment and…

Read the review →

Drake Tax is professional tax preparation software for tax preparers and accounting firms handling individual and business returns. It supports federal and state preparation, multi-state filing, electronic filing, diagnostics, tax…

Read the review →
  1. Wealthsimple TaxTax Preparation Software 8.5Free plan
  2. Drake TaxTax Preparation Software 7.5Paid

Strengths and trade-offs

  • Wealthsimple Tax — where it wins

    • Free Basic filing with access to all tax forms
    • Handles self-employment, investment, rental and foreign income
    • Offers audit protection and one-on-one tax expert guidance

    Where it doesn't

    • Available on the web only
    • The Pro plan is unavailable in Québec
    • Paid plans are needed for priority support and audit protection

  • Drake Tax — where it wins

    • Supports individual, business, multi-state, and amended returns
    • Includes diagnostics, compliance checks, imports, and tax planning tools
    • Offers federal and state e-filing with professional integrations

    Where it doesn't

    • Windows desktop software limits platform flexibility
    • No free plan; annual pricing starts at $379.99
    • Business returns cost extra on the 1040-focused plans

More comparisons

All tax preparation software comparisons → · Full ranking →

Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026

Last updated · How we research and update