Great price and value for money Finish your taxes in 30 minutes or less! No real time support, only email Not ideal for complicated tax setups Try Wealthsimple Tax for Free In this article: What is Wealthsimple Tax? If you enjoy doing taxes, you are likely an accountant, or you are ...
No matter the size of your account, you’ll receive a free portfolio review of any non-Wealthsimple brokerage accounts, reap the benefits of automatic tax-loss harvesting (which aids in minimizing your tax liability), access to fractional share investing, options for making Socially Responsible Inv...
Keep your growth tax-free With a TFSA, you won’t pay taxes on any gains on your investments — it’s yours to keep. Withdraw whenever you need to Take money out of your TFSA any time, hassle-free. The withdrawn amount is added back to your contribution room the following year. ...
Although it won’t reduce your taxes this year, you could open a TFSA to allow your investments to start growing tax-free. Any resident of Canada who has a valid SIN and who is at least 18 years of age is eligible to open one. Once you do file taxes, you’ll know exactly how ...
No savings or retirement benefits. Womp womp. That means freelancers need to create their own savings strategy. Here’s how. Finance for Humans The Perfect Guide to Every Little Tax Question You Have Or at least the 13 most common, thorny questions. We gathered answers to everything you ...
One feature we love about Wealthsimple is the extra perks that are available for account holders with higher balances. Accounts over $100,000 get a discounted fee, tax-loss harvesting, and more. Accounts over $500,000 get even more than that, including a personalized financial report and a ...
The first thing you should be doing is maximizing your stock and shares ISA allocation for the year, in order to get tax free returns. That is an instant boost on your returns the value of your tax bracket.Find more about ISAs from Wealthsimple here. ...
and corporate Canadian debt with maturity >1 year but a lower weighted average coupon. This reduces tax implications in non-reg accounts35%Mackenzie US TIPS Index ETFQTIPExposure to inflation-protected US government bonds10%BMO Long Federal Bond IndexZFLLong term debt securities issued or guaranteed...
In Canada, Wealthsimple offers a full range of accounts, includingtax-free savings accounts(TFSA),registered retirement savings plans(RRSP), locked-in retirement accounts (LIRA), registered retirement income funds (RRIF),registered education savings plans(RESP), first home savings accounts, and taxable...
Tools and calculators are limited in Wealthsimple’s platforms. It provides four free online calculators including a TFSA calculator, an RRSP calculator, an income tax calculator, and a Canadian retirement calculator. There are no detailed portfolio or market analysis tools. ...