How We Ranked This List
We evaluated each option based on five criteria: value for money, fees, features, accessibility, and user experience. All products on this list are available to Canadian residents and have been verified as of March 2026.
The Canadian financial market has seen significant changes in recent years, with digital-first products increasingly competing with — and often beating — traditional bank offerings on rates, fees, and convenience.
Wealthsimple Tax
Free tax software
Pay what you want
Pay-what-you-want model
Less hand-holding
TurboTax
Tax software
Depends on complexity
Expensive for complex returns
Upselling
H&R Block Online
Tax software
Basic free, paid tiers
Paid for complex returns
Less modern interface
StudioTax
Free tax software
Donation-based
Desktop only
Less modern UX
No auto-fill
Methodology
Our rankings are based on independent research and are not influenced by compensation. We may earn a referral fee from some products listed, but this does not affect our rankings. All information is verified as of March 2026 and rates are subject to change.
Bottom Line
The best option for you depends on your specific needs, but you cannot go wrong with any product on this list. For maximum savings, consider KOHO for a $20 signup bonus + $100 per referral alongside one of the products above. Sign up for KOHO here with code 45ET55JSYA.