Is SimpleTax legit?
Is Wealthsimple Tax (SimpleTax) Safe? Wealthsimple Tax is approved by the CRA and Revenu Quebec and uses the secure NETFILE electronic filing system to transmit your data. When you visit the platform, your traffic is encrypted and you can also enable 2-factor authentication to provide an extra layer of security.
Is SimpleTax really free?
Now known as Wealthsimple Tax after being acquired by robo-advisor Wealthsimple in 2019, SimpleTax is a completely free Canadian tax software. There are no fees whatsoever to use SimpleTax.
Is SimpleTax better than Turbo Tax?
While both programs can handle simple and more complicated returns, TurboTax comes out on top because it makes it clear from the beginning what it covers by offering different versions, it covers more tax return scenarios, and offers more guidance options.
What is SimpleTax called now?
Wealthsimple Tax
Popular robo-advisor Wealthsimple purchased SimpleTax in 2019, recently rebranding it to Wealthsimple Tax.
Does SimpleTax sell your data?
A screenshot of an archived copy of the SimpleTax privacy policy told users: “Your data is yours. We will never, ever, sell it. Your tax data is encrypted on our servers …. we can’t decrypt your data without your password.”
How much does it cost to file a SimpleTax return?
The average cost for a basic tax form preparation is about $220. That fee covers a standard 1040 and state return with no itemized deductions.
How much should I pay for a SimpleTax return?
Is SimpleTax now Wealthsimple?
More than a million Canadians trust Wealthsimple to help them do money right. A couple years ago Wealthsimple acquired SimpleTax, and now we’re officially changing the name and bringing Wealthsimple Tax into the family.
Why did SimpleTax become Wealthsimple?
By bringing SimpleTax into the Wealthsimple family, we’re one step closer to simplifying people’s financial journey over their lifetime.” “Wealthsimple shares our values and dedication to building something better. It’s a perfect fit.” says Jonathan Suter, Co-founder and CEO, SimpleTax.
Where did SimpleTax go?
In late 2019, the tax software startup was acquired by another Canadian company in the world of fintech — or financial technology — WealthSimple. The company offers savings and investment products, including registered retirement savings plans or tax-free savings accounts.
Who qualifies for SimpleTax return?
In general, you have a simple tax return if you:
- File Form 1040 or Form 1040-SR with no schedules.
- Form 1040 or Form 1040-SR + unemployment income only with no schedules.
- Have W-2 income.
- Limited interest and dividend income reported on a 1099-INT or 1099-DIV.
- Claim the standard deduction.
Why choose simpletax Canada?
SimpleTax Canada guarantees that their calculations are 100% accurate, with a money-back guarantee in the event it produces an erroneous computation or another provider delivers a larger refund amount. Those who use SimpleTax do not need to worry about having their tax-related data compromised.
How much does simpletax cost?
Once again, SimpleTax is entirely free to use, although an option is always provided to make a donation once you’ve completed your tax return and ready to file.
Is simpletax better than Turbo Tax?
SimpleTax is far superior when compared with the Turbo Tax-free. This is because SimpleTax has a great user interface and enables you to automatically import your information into your return, a feature only available with paid versions of TurboTax.
What is the best tax software in Canada?
Some of the reasons why Wealthsimple Tax (formerly SimpleTax) is considered one of the top tax software in Canada include: 1. 100% Accuracy Guarantee: If you pay a penalty or interest to CRA due to an error caused by the software, they will reimburse you. 2.