Abstract. Lakes are important sources of freshwater and provide essential ecosystem services. Monitoring their spatial and temporal variability, as well as of their functions, is an important task within the development of sustainable water management strategies. The Surface Water and Ocean Topography (SWOT) mission will provide continuous information on the dynamics of continental (rivers, lakes, wetlands and reservoirs) and ocean water bodies. This work aims to contribute to the international effort evaluating the SWOT satellite (2022 launch) performance for water balance assessment over large lakes (e.g., > 100 km2). For this purpose, a hydrodynamic model was set up over Mamawi Lake, Canada, and different wind scenarios on lake hydrodynamics were simulated. The derived water surface elevations (WSE) were compared to synthetic elevations produced by the Jet Propulsion Laboratory (JPL) SWOT high resolution (SWOT-HR) simulator. Moreover, water storages and net flows were retrieved from different possible SWOT orbital configurations, as well as synthetic gauge measurements. In general, a good agreement was found between the WSE simulated from the model and those mimicked by the SWOT-HR simulator. Depending on the wind scenario, errors ranged between approximately −2 and 5 cm for mean error, and 30 to 70 cm root mean square error. Low spatial coverage of the lake was found to generate important biases in the retrievals of water volume or net flow between two satellite passes in the presence of local heterogeneities in WSE. However, the precision of retrievals was found to increase as spatial coverage increases, becoming more reliable than the retrievals from 3 synthetic gauges when spatial coverage approaches 100 %, demonstrating the capabilities of the future SWOT mission in monitoring dynamic WSE for large lakes across Canada.