RideWiz is an app designed for Canadian courier and rideshare drivers that automatically tracks mileage, income, and expenses to streamline tax preparation. By generating CRA-compliant forms and utilizing AI for deduction maximization, it helps drivers save thousands annually during tax season.
Funding
Funding not disclosed
Founders
Product
Problem
Canadian courier and rideshare drivers face challenges in accurately tracking mileage, income, and expenses, leading to difficulties in tax preparation and potential loss of deductible expenses. Manually compiling data and generating CRA-compliant forms is time-consuming and prone to errors.
Solution
RideWiz is a mobile application designed to automate mileage, income, and expense tracking for Canadian courier and rideshare drivers, simplifying tax preparation and maximizing potential deductions. The app automatically classifies business versus personal mileage, monitors earnings from various platforms, and uses AI to identify and calculate eligible deductions. RideWiz generates CRA-compliant forms, securely stores receipts in the cloud, and integrates with tax-filing software, enabling drivers to efficiently manage their finances and optimize tax savings.
Target Audience
The primary target audience consists of Canadian courier and rideshare drivers working for companies such as Uber, Lyft, and DoorDash.
Features
- Automatic mileage tracking in the background without manual start/stop.
- Automated income tracking from multiple rideshare and delivery platforms.
- AI-powered deduction identification and maximization.
- Generation of CRA T2125 tax forms.
- Secure cloud storage for expense receipts, compliant with CRA's 6-year retention requirement.
- Integration with tax-filing software such as TurboTax and WealthSimple.
- Automatic classification of business versus personal drives.
- Redesigned log pages for improved navigation and information retrieval.