TurboTax vs Wealthsimple Tax

TurboTax9.3Visit Wealthsimple Tax8.5Visit

Higher score TurboTax #1 in Tax Preparation Software 9.3/10 Free plan Free plan✓ 0 of 5 features Visit TurboTax

vs

Wealthsimple Tax #7 in Tax Preparation Software 8.5/10 Free plan Free plan✓ 0 of 5 features Try Wealthsimple Tax

• TurboTax fits best

  Feature-rich filing with optional expert preparation

• Wealthsimple Tax fits best

  Free Canadian filing with expert and audit options

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	TurboTax 9.3/10 Visit ↗	Wealthsimple Tax 8.5/10 Visit ↗
At a glance
Editor score	9.3	8.5
Ranking	#1 in Tax Preparation Software	#7 in Tax Preparation Software
Best for	Feature-rich filing with optional expert preparation	Free Canadian filing with expert and audit options
Pricing model	Free plan + paid	Free plan + paid
Starting price	$79 one-time	—
Free plan	✓	✓
Free trial	—	—
Deployment	Cloud, Desktop, Mobile	Cloud
Platforms	Web, Windows, macOS, iOS, Android	Web
Support	Phone, Live chat	Email, Docs
Built for	Solo, Small business	Solo, Small business
Features TurboTax 0/5 · Wealthsimple Tax 0/5
State returns	Not checked yet	Not checked yet
Amended returns	Not checked yet	Not checked yet
Self-employed support	Not checked yet	Not checked yet
Rental income support	Not checked yet	Not checked yet
Electronic filing included	Not checked yet	Not checked yet
Specs
Filer types	Not checked yet	Not checked yet
Our review
Pros	Supports self-employment, investments, cryptocurrency, and rental income Offers guided filing, document capture, AI assistance, and audit guidance Available on web, Windows, macOS, iOS, and Android	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
Cons	Free Edition is limited to simple Form 1040 returns State filing costs extra for paid online products Advanced support requires higher-priced plans	Available on the web only The Pro plan is unavailable in Québec Paid plans are needed for priority support and audit protection
Our verdict	TurboTax is personal tax preparation software from Intuit for individuals filing U.S. federal and state returns. It supports self-directed filing through guided questions, document importing, uploading, or photographing, with optional… Read the review →	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 →

Strengths and trade-offs

• TurboTax — where it wins

  • Supports self-employment, investments, cryptocurrency, and rental income
  • Offers guided filing, document capture, AI assistance, and audit guidance
  • Available on web, Windows, macOS, iOS, and Android

  Where it doesn't

  • Free Edition is limited to simple Form 1040 returns
  • State filing costs extra for paid online products
  • Advanced support requires higher-priced plans

• 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

• TurboTax9.3/10 · Free plan

  A broad tax filing suite for simple returns, complex income, and optional expert help.

  Visit TurboTaxFull verdict →
• Wealthsimple Tax8.5/10 · Free plan

  A flexible Canadian filer for DIY returns, complex income and optional expert help.

  Try Wealthsimple TaxFull verdict →