Better Tax vs WelathSimple: My observations

Taxes / CRA Issues

I've always used WealthSimple and found it quite intuitive to use. But now that my 2025 tax forms have all being filed with CRA, I decided to compare WealthSimple with another tool to see if I get different numbers. I did not. Both calculated the same return. Better tax added 47 cents though.

This is my use case:

  • Autofilled forms with NETFILE
  • T4 from full-time employment
  • T4A from part-time instructor job - Other income
  • T4FHSA
  • Four donation tax forms - manually entered as those are not reported to CRA
  • No RRSP contributions. RPP contributions already reported in T4
  • Filed together with Spouse

Here are my observations:

  • Both are equally intuitive and ask more or less the same questions
  • BetterTax slightly edges WS with its user interface - although both are clean
  • BetterTax edges WS by using words for the slips, not just line numbers (e.g. 18 Employee's EI premiums rather than just 18)
  • BetterTax has an 'Optimize your tax return' function that is supposed to "consider every credit or deduction that can be claimed by you or your spouse, carried over, or claimed in more than one way."

With a straightforward return like my use case, both options work just fine. BetterTax seems to be completely free, while you can donate to WealthSimple if you choose or use their paid option.

With my returns prepared on both platforms, I will be hitting the 'Submit' button on BetterTax just because life is too short to not be whimsical. Plus 47 cents is still money. No cent left on the table.

Posted Feb 26, 2026, 1:55 PM UTC

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