Wasn't this startup also funded by a Peter Thiel VC fund?
I don't use my WS account for much. Maybe it's time to kill it. I do really like Simple Tax which WS acquired though...
this post was submitted on 27 Feb 2026
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I still have funds in WS and can't close all of my accounts right now. The stocks aren't well. I'm considering keeping them until mid-2027. I really liked Simple Tax, but the original team now runs Better Tax. I'm not using the service anymore. StudioTax offers maximum privacy and can save files locally. Wealthsimple tax is cloud. Studiotax is local save.
Maybe I should do StudioTax this year. Didn't know abt Better Tax! It appears that it can save to a local file. Still not as private as StudioTax but nice.
Genu tax is recommended. Same as Studiotax. I can't install the software.. on my MacBook. It's for window.
Oh well that's disappointing.
What's interesting is that they edited this page 6 days ago. Previously it talked about Persona.
It used to say the following
Is this process secure?
Your safety is our top priority. We leverage a secure, third-party service, Persona, to collect and review the documents you upload along with your selfie. Persona then automatically deletes your information after 90 days.
For record-keeping purposes, we keep your documents on file to assist with any future information changes you may need to make. We also have to keep some information as a minimum to comply with our regulatory obligations.
Now the FAQ section is gone completely.
https://help.wealthsimple.com/hc/en-ca/articles/4404981045915-Verify-your-identity
It is really sad. I used persona for 2FA reset. When I asked them if my info was safe, they only apologized but didn't answer my question. I am curious if they already knew persona was not secure.