Promotion effective date: September 29, 2023
Eligibility. To be eligible for the Promotion, the person must:
- be an existing Wealthsimple account user or Wealthsimple App user, with all Wealthsimple accounts in good standing at the time of participation;
- be a legal resident of Canada;
- be the age of majority, or older, in their province/territory of residence at the time of participation;
- the original recipient of the Promotion invitation delivered via marketing card within the Wealthsimple App; and
- meet the requirements set out below.
Qualifying Action. To participate in the Promotion, eligible Client must complete the following steps:
- Click onto the Promotion marketing card located within the Wealthsimple App and registering for the Promotion; and
- Sign up for and fund a new or previously unfunded corresponding Wealthsimple Self-directed Investing account, Wealthsimple Crypto account, or Wealthsimple Managed Investing account as noted in the Promotion marketing card (each a “Promotion Account”) within 30 days of registering for the Promotion.
There are no fees associated with the creation of a Promotion Account. Previously funded Wealthsimple account(s) are not eligible to be a Promotion Account(s).
Funding Requirement. To be considered a successfully opened Promotion Account, the Client must fund a minimum of CAD$1 to the Promotion Account within 30 days of registering for the Promotion. Transfers between Client’s existing Wealthsimple account(s) do not qualify as funding for the purpose of this Promotion.
Bonus. The Promotion bonus (the “Bonus”) is based on the type of Promotion Account a Client is eligible for as noted in the registered marketing card and successfully funds:
|Wealthsimple Self-directed Investing
|Wealthsimple Managed Investing
All amounts shown are in Canadian dollars. Maximum three (3) Bonuses per Client.
Application of Bonus. All Wealthsimple account(s) must be in good standing at the time the Bonus(es) is applied. Bonus(es) will be applied to the respective Promotion Account(s). No exceptions will be made.
There may be tax implications to the Bonus. If the account which the Bonus will be applied to is a RRSP or TFSA account, the Bonus will be reported by Wealthsimple as a contribution to CRA. Clients are required to review their available contribution room prior to making a contribution to their registered account. Any excess contribution penalties that arise from a contribution are solely the responsibility of the Clients. If Clients require tax advice, please contact their personal tax advisor.
Please allow up to 10 business days following the successful funding of the Promotion Account to be completed for the Bonus to be applied to the Client’s account in accordance with these terms and conditions. This Bonus is non-transferrable and cannot be applied retroactively. The Promotion may be used in conjunction with other promotions. The Bonus remains subject to change, at Wealthsimple’s sole discretion.
Hold Period. Clients who receive a Bonus must keep the Bonus and transferred funds in their Promotional Account (or their other Wealthsimple Account(s)) for 180 days from application of the Bonus or their Bonus payment may be deducted from their final withdrawal amount or otherwise recovered by Wealthsimple.
No Recommendation. Wealthsimple Self-directed Investing and Wealthsimple Crypto do not provide investment advice and do not hereby recommend any security, crypto or transaction. There is no requirement that you purchase any security or asset with the Bonus.
Release. By participating in the promotion, Client assumes all risk of injury, illness, disease, death, or any other damage which may arise in connection with their participation in the Promotion. Without limiting the foregoing, client hereby: (a) forever releases and discharges Wealthsimple and its parent companies, subsidiaries, affiliates, related and associated entities and employees, directors, officers, suppliers, agents, sponsors and administrators of each (collectively, the “Releasees”), from and against any and all claims, actions, costs, liabilities, judgments, damages, obligations, losses, penalties, and expenses of any kind or nature whatsoever (including legal fees) (collectively, the “Claims”) in any way arising directly or indirectly out of any injury, loss, or damage that Client may suffer as a result of, or in connection with the participation in the Promotion or any promotion-related activity, including the posting of the Bonus in their Wealthsimple Account and subsequent use of the Bonus; and (b) indemnifies, defends and holds harmless the Releasees from and against any and all damages, loss and expenses, including legal fees, which may be suffered directly or indirectly by reason of the Client’s own negligence or willful misconduct during or in connection with the participation in the Promotion.
General. This promotion is sponsored by Wealthsimple Technologies Inc. (“Wealthsimple”). Wealthsimple reserves the right to amend, withdraw or restrict the promotion at any time without notice. Wealthsimple is the sole arbiter of these rules and any other issue arising under the promotion. If Wealthsimple suspects fraudulent or abusive behaviour, gaming of the system, inappropriate, offensive or derogatory language or information or a violation of these terms, Wealthsimple reserves the right to remove all promotions from the Wealthsimple account(s) and take any other action it deems appropriate including, but not limited to, removing the Bonus or closing the Wealthsimple account(s). This Promotion cannot be used in conjunction with any other promotional offer, unless specified herein. An invitation to participate in this promotion does not provide assurance that you will be accepted as a customer of Wealthsimple. This offer is only valid for individuals in the location cited above that otherwise meet our eligibility requirements. Our standard terms (https://www.wealthsimple.com/en-ca/legal/terms) relating to your use of Wealthsimple and any agreements that apply to your Wealthsimple account(s) each apply and are not affected in any way by this offer.