How to Save Thousands on Taxes Using Wealthsimple Tax (2026 Tutorial)

Описание: In this video, we walk through how to save thousands on taxes using Wealthsimple Tax by claiming common deductions and credits many Canadians miss.

Using a simple example, we show how someone can go from owing $777 in taxes to receiving a refund of over $3,000 by correctly entering deductions and credits inside Wealthsimple Tax.

You’ll learn how to add employment income, investment income, RRSP deductions, donations, medical expenses, tuition credits, and other common tax deductions that can significantly increase your refund.

This tutorial is designed for the average Canadian taxpayer who wants to file their own return using Wealthsimple Tax and make sure they are not leaving money on the table.

We also briefly explain how business income (T2125), rental income (T776), and capital gains can be added if they apply to your situation.

If you are filing your 2025 tax return in 2026, this walkthrough will help you understand where to enter your information and how to reduce your tax bill.

CHAPTERS

0:00 Introduction
0:32 Overview of filing with Wealthsimple Tax
0:43 Entering T4 employment income
1:23 Adding T5 interest and dividend income
2:31 RRSP deductions and how they increase your refund
3:09 Union and professional fee deductions
3:42 Charitable donations credit
4:11 Medical expenses example
5:45 Tuition credits for students
6:38 Business income (T2125) overview
6:58 Rental income (T776) overview
8:12 Final Review before filing
8:20 Wealthsimple Bonus $

If you’re filing and you want something simple, I recommend Wealthsimple Tax. Use the link and fund your account with at least $100— we both get a $25 bonus. It’s straightforward and beginner-friendly.
https://www.wealthsimple.com/invite/K...

This content is for educational purposes only and does not constitute financial, tax, or legal advice. Always consult a qualified professional or the CRA directly for advice specific to your situation.
This video includes affiliate links. If you sign up using my Wealthsimple link, both you and I may receive a bonus at no extra cost to you.