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Canada’s Top Tax Software Services

How To Maximize Your Canadian Tax Return

I tested out 4 of Canada’s top tax filing software so you can pick the best one! See which software gave me back the largest tax return. From “professional”, high fee firms like H&R Block, to new fintech companies like Wealthsimple.

Optimizing your taxes is very smart! But you should level up your savings and wealth this year and start tracking your cashflow. Download my free google sheets budget template to maximize your savings!

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TLDR: The Winner

The Top Tax Software

Wealthsimple Tax

UFile

TurboTax

H&R Block

TLDR:

Which Is The Best Tax Software In Canada?

All of the free and paid tax software that I used were certified tax filing applications by the CRA. However that did not mean that each of them were useful. So I ran my taxes through each software to compare and contrast how they performed. From a usability point of view, and a tax return lense.

After inputting the same T4, and T2125 tax slips into each tax software. I found that Wealthsimple Tax gave be the biggest return, cost the least, and was the easiest to use.

H&R BlockTurboTaxUFileWealthsimple Tax
Cost$600$20.99$19.95Free / donation
Ease Of Use⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️
Auto-populate?
Auto-file With CRA
Mobile App
My Final Return:$2,561n/a$3,774.57$3775

#1 My Favourite Tax Software

Wealthsimple Tax

Wealthsimple is really disrupting the traditional finance system in Canada. Their tax product was another incredible experience. It was the easiest and quickest I’ve ever completed my taxes. Plus Wealthsimple Tax gave me the biggest return out of all the tax software I tested! It truly is the best tax software in Canada.

Pros:

Free / donation to file

Auto pull previous returns

Auto pull T4’s and other tax slips right from your CRA account

Auto file your return directly from Wealthsimple

Cons:

$30 for audit support

Canada Tax Software FAQ’s

Which software is the best for getting the max income tax return?

After testing out 4 different Canadian tax filing services I found that Wealthsimple Tax gave me the biggest return. Also it was just an added bonus that it was the easiest software for me to use!

What criteria did you use to evaluate each tax software?

Sticking with the Money With Mark brand, I’m looking for the tax software that is the easiest to use, and that gives us the biggest tax return. I’m all about working less and living more – using our money as a tool to enable us to live our best lives.

Are these tax services certified by Netfile?

Netfile is the Canada Revenue Agency’s online tax filing portal. Yes each of these reviewed tax services are certified by Netfile and setup to auto file your return.

#2 One Of The Most Popular Tax Software

UFile Tax Filing

UFile was my go-to tax software for years. It’s very reliable and has a lot of recommendations to optimize your tax return. However they do not have a mobile app, and their software has a poor interface / UX experience.

Ease of use is a critical part of using online tax software in Canada. That’s because we all hate filing our taxes! So that’s why I switched and stopped using UFile and now exclusively use Wealthsimple Tax.

Pros:

Free / donation to file

Auto pull previous returns

Auto pull T4’s and other tax slips right from your CRA account

Auto file your return

Cons:

$19.95

No support for CRA audits

#3 The Worst Tax Filing Software

TurboTax By Intuit

Unfortunately my TurboTax experience was cut short. When I was attempting to start my tax return. I got stuck in a broken button loop. I could not start filing my taxes.

Pros:

$20.99

Mobile app

Cons:

Broken buttons

Could not start my tax return

#4 Using A Real Tax Accountant

H&R Block

H&R Block has real tax filing specialists that will complete your return for a large fee. I’m writing this with mere days to go before the March 1 RRSP deadline. Yet I still have not received my tax return back, or got any advice on things like RRSP contributions or tax optimization tips.

I gave H&R Block all of the exact same data that I input into Ufile, Wealthsimple, and TurboTax. So let’s hope that they do get me a return that is at least $600 more than any other software. But I’m doubtful.

Pros:

Support for CRA audits

Real tax specialist that files your taxes

Auto file your return

Cons:

~$200 – $600

No real time return feedback

Limited tax optimization advice

best tax software canada

Final Thoughts On The Best Tax Software In Canada

Use Wealthsimple Tax! You’ll never go back. It’s truly so easy to use and understand. Plus it’s the most affordable tax software in Canada.

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Money With Mark is a personal finance speaker, influencer, author and content creator on YouTube, Tik Tok, and Instagram.