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Wealthsimple Tax Referral Bonus 2024

Updated:

Fact Checked

*The Wealthsimple Tax referral bonus below is not available in 2024.

Wealthsimple Tax is a free online tax return software you can use to file your taxes in Canada.

When you sign up for the service using our Wealthsimple Tax referral link, you get a $15 cash bonus. You can also refer your friends and earn a $10 bonus for each person who completes their return on the platform.

For a discount on tax filing, TurboTax offers 15% off for 2023 tax returns.

Wealthsimple Tax Referral Bonus

Follow these steps to get a referral bonus when you sign up for Wealthsimple Tax:

  • Visit Wealthsimple Tax to create an account
  • If you already have a Wealthsimple Account, you can use the same sign-in information for all your accounts
  • Complete your tax return and submit it

Wealthsimple Tax Overview

Formerly known as SimpleTax, Wealthsimple Tax is one of the best free tax software in Canada.

It is approved by the CRA and Revenue Quebec and can be used by residents of all provinces and territories.

Learn more in our detailed review.

Benefits of Wealthsimple Tax

This tax software offers several benefits and features, including:

  • 100% accuracy guarantee: Your tax is guaranteed to be free of errors in calculation.
  • Maximum refund: Wealthsimple Tax will help you take advantage of every deduction and tax credit you qualify for so you get the maximum refund possible.
  • Free tax filing: This service is free, although you can choose to leave a tip after submitting your return.
  • Easy Crypto tax filing: If you traded crypto in the 2023 tax year, Wealthsimple Tax can help you calculate your capital gains or losses. It connects with more than 300 crypto exchanges and wallets.
  • Supports various tax situations: Even if you have self-employment income, rental income, or investment income, Wealthsimple can handle it.

Wealthsimple Tax Fees

Canadians can use Wealthsimple Tax for free, and it is optional to make a donation.

If you want expert advice or audit support, you can upgrade to the Premium service.

Wealthsimple Tax Referral Program

Wealthsimple Tax users can also refer their friends and earn referral bonuses.

For each person who joins using your unique referral link and files their return, you get a $10 bonus. Each friend also gets a $10 bonus.

The cash bonus is paid to their Wealthsimple Cash account.

Is Wealthsimple Tax Safe & Legit?

Yes, Wealthsimple Tax is safe and legit.

Wealthsimple Tax is owned by Canada’s largest online investment Manager, Wealthsimple. The company has over 1.5 million users and over $30 billion in assets under management.

Its tax software has been certified by the Canada Revenue Agency and Revenue Quebec for electronic tax filing in Canada.

Wealthsimple Tax vs TurboTax

File your taxes using TurboTax and do it for free if you have a simple tax return. Alternatively, you can sue one of their paid options and get a 15% discount below.

TurboTax

TurboTax logo

On TurboTax’s Website

  • Fees: $0 to $34.99 (Get 15% discount)
  • Promotion: File taxes for free if you have a simple tax return
  • Devices: Desktop and mobile apps
SNC Rating
4.5
  • TurboTax offers 3 tiers of service when you file your own taxes: Free, Deluxe, and Premier.
  • Free: $0 – for simple tax returns only. It imports slips from the CRA, covers employment, unemployment, and pension income, and handles RRSP contributions and Covid-19 benefits. If you’ve used TurboTax before, it automatically imports the information from your previous returns.
  • Deluxe: $20.99 – to maximize tax deductions and credits. It includes everything in Free, plus it identifies tax-saving opportunities, it searches over 400 credits, you can claim employment and medical expenses as well as donations, and it optimizes your return for the best result.
  • Premier: $34.99 – for those with investments. It includes everything in Deluxe, plus it covers rental property income and expenses, capital gains and losses, income and expenses from crypto, bonds, and stocks, and it handles foreign income.
  • You can file your taxes for free if you have a simple tax return.
  • TurboTax also offers packages for self-employed individuals, from $49.99 to $279.99. Prices vary based on if you do your taxes yourself or get expert help.
  • Self-employed packages cover personal and business income & expenses. It searches for industry-specific deductions, can handle foreign currency, and covers ride-sharing, consulting, online sales, and more.
  • Get expert help filing your taxes with Assist & Review packages, from $39.99 for a basic return to $89.99 for a Premier return.
  • If you prefer to hand off your taxes to an expert who will do it for you, choose the TurboTax Live Full Service packages, from $89.99 to $179.99 per return.
  • TurboTax supports all provinces and territories in Canada. However, TurboTax Live is not available in Quebec.

Our Verdict

TurboTax offers many different paid packages to help you file your taxes, no matter your situation. You can file your taxes yourself, get expert help, or hand it over to a professional entirely. If you have a simple tax return, TurboTax is free to use.

Many different packages and options

There is a free version

Expert help is readily available

Free version is very limited

It can be difficult to decide which package is best for you

Conclusion

In addition to Tax, Wealthsimple also offers other products, and you can learn more about them in these reviews:

Wealthsimple Tax Referral FAQs

What is the Wealthsimple Tax referral code?

*Not applicable for 2024* When you sign up using the links on this page, the Wealthsimple referral code is automatically applied to your account, and you receive a $15 cash bonus after submitting your tax return. You are also entered into a $5,000 giveaway.

Wealthsimple Tax Referral Bonus
Overall
5

Summary

Sign up using our exclusive Wealthsimple Tax referral link to get a $15 bonus and also get an entry into a $5,000 giveaway contest (not available in 2023).

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Author

Gravatar for Enoch Omololu, MSc (Econ)
Enoch Omololu, MSc (Econ)

Enoch Omololu, personal finance expert, author, and founder of Savvy New Canadians, has written about money matters for over 10 years. Enoch has an MSc (Econ) degree in Finance and Investment Management from the University of Aberdeen Business School and has completed the Canadian Securities Course. His expertise has been highlighted in major publications like Forbes, Globe and Mail, Business Insider, CBC News, Toronto Star, Financial Post, CTV News, TD Direct Investing, Canadian Securities Exchange, and many others. Enoch is passionate about helping others win with their finances and recently created a practical investing course for beginners. You can read his full author bio.

About Savvy New Canadians

Savvy New Canadians is one of Canada's top personal finance platforms. Millions of Canadians use our site each year to learn how to save for retirement, invest smartly, maximize rewards, and earn extra cash. We have been featured in prominent finance media, including Forbes, Globe and Mail, Business Insider, CBC, MSN, Wealthsimple, and TD Direct Investing. Learn more about Savvy New Canadians.

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