Wealthsimple 2025 Big Winter Bundle Promotion
General
New and existing Wealthsimple clients can qualify for our Match offer by:
First, register for the offer through one of the following:
- An invite found in your Wealthsimple account (iOS/Android app or web)
- An advertisement inviting you to register or via wealthsimple.com/get-in-touch/big-winter-bundle
- An invitation from a Wealthsimple Business Development Representative or Advisor
Then, complete one of the following actions within 30 days of registering (your qualification period):
Match bonus
- Make account transfers totalling $15,000 or more into your Self-directed Investing, Managed Investing, or Crypto account(s) within 30 days of registration. Cash Deposits are not eligible.
- If you qualify, you'll receive a 2% match on RRSP (including Spousal RRSP) or LIRA transfers, and 1% on other eligible account types.
Lift Tickets (Maximum of 5)
- Complete any one of the following actions:
- 1 Lift ticket for: Having at least 1 new qualifying direct deposit equal to or greater than $2,000 land in your Cash account, and maintained monthly for 6 months. For people who have not previously set up direct deposit only.
- Up to 3 lift tickets for: Referring a friend new to Wealthsimple and having them successfully open an account within 30 days of you registering and funding an account within 30 days of their account opening (1 ticket per referral)
- 1 Lift ticket for: Transferring accounts worth $15,000 or more, with at least one of those transfers being an RRSP or LIRA account. Deposits not included.
- Then, claim your lift ticket in-app (full instructions here).
Remember, be sure to register before completing these actions to receive a reward.
How do I confirm that I've registered?
Open the Wealthsimple app, tap the 🎁 in the top right corner, and you'll see your current offers and registration status.
When you register, you will also receive either an email to the email address associated with your Wealthsimple profile and/or a card in the Reward Center confirming your participation in the offer.
Where can I track my progress?
Open the Wealthsimple app, tap the 🎁 in the top right corner, and select the Winter Bundle Promotion option to view your progress.
Note that pending transfers, direct deposits, and successful referrals may take up to 24 hours to appear in the app.
Can I combine this offer with other Wealthsimple Offers?
This Offer cannot be combined with other offers or promotion codes other than the Wealthsimple x Pine Mortgage Offer, the Referral Bonus offer, the Direct Deposit Boost offer, the Wealthsimple for Business Transfer Match Promotion, or the Wealthsimple Discovery Promotion.
For further clarity, the same net deposits cannot count toward two separate promotions. Funds attributed to a past promotion cannot be "swapped" and qualified for the Winter Bundle.
Match Bonus
Which transfers are eligible for the Match?
Most institutional transfers will be eligible for the Match. Cash deposits into RRSPs or other accounts do not count as eligible funding.
Investment accounts eligible for the 2% match include:
• RRSP
• Spousal RRSP
• LIRA
Investment accounts eligible for the 1% match include:
• TFSA
• Non-registered
• Crypto
• FHSA
• RESP
• RRIF
• LIF
• Corporate/Business accounts
Internal Transfers between Wealthsimple accounts are not eligible. For more information about our account types, see our accounts page.
In the case of Joint Accounts, transfers will only count toward the eligibility of the primary account holder (the client who first opened the account). If a secondary account holder transfers into an account in which they are not the primary account holder, those transfers will count towards the primary account holder's eligibility.
If you make transfers to a joint account or a Spousal RRSP, the primary account holder must be registered to receive the bonus but both account holders will be able to transfer and deposit into the account and the sum of both will be counted as the qualifying funding amount for the primary account holder.
In addition, if we suspect fraudulent transfers in and out of your Wealthsimple accounts, we reserve the right to stop payments, remove you from the promotion and/or close your Wealthsimple account.
Does withdrawing and then re-depositing funds count?
No.
If you are making large withdrawals from your Wealthsimple account before registering for the promotion, these withdrawals may be included in the calculation of your bonus. Transfers out and withdrawals of joint accounts will affect the Qualifying Amount of both account owners.
If we suspect an attempt to game the system or fraudulent behaviour, we reserve the right to stop payments, remove you from the promotion and/or close your Wealthsimple account.
Do transfers need to be completed within 30 days of registering?
No.
Transfers must be initiated within 30 days of registering, and be received by Wealthsimple within 90 days. Depending on the original institution, account transfer times vary, see here for estimates.
Transfers initiated before or after the 30-day funding window will not be eligible.
EXAMPLE
For example, if you register on January 20th and initiate an RRSP transfer on February 1st, it must be completed by May 20th at the latest to count as qualifying funding.
Is there a minimum funding amount to qualify for a match bonus?
There is a minimum of $15,000 to qualify for a bonus. It means that the sum of all of your transfers in minus transfers out, debit balances, and withdrawals during the 30-day window needs to be $15,000 or more.
EXAMPLE
If you transfer $200,000 into your Wealthsimple Managed Investing accounts and withdraw $15,000 from your Cash account during the qualification period, the net deposit amount used to determine eligibility for the bonus would be $185,000.
If you have deposits or direct deposits during the qualification period into your cash account, these funds will be available to spend before impacting your qualifying amount.
When do I get the bonus?
The Bonus will be applied as twenty-four (24) equal monthly payments to your Wealthsimple Cash account(s) beginning after Wealthsimple receives all qualifying funding and within sixty (60) days of Wealthsimple receiving the Net Funding Amount in full.
How's the bonus calculated?
You can use the Bonus Calculator to estimate your total Bonus.
The bonus is the sum of 2% of any successful RRSP or LIRA transfer plus 1% of other institutional transfers. See below for more examples.
EXAMPLE
For example, if you transfer an RRSP valued at $100,000 plus a TFSA valued at $75,000, your net funding amount will be $175,000 and your total bonus will be calculated as ($100,000 * 2%) + ($75,000 * 1%), or $2,750. Monthly bonus payments would be $114.58 or $2,750 / 24.
The Completed Funding amounts are based on when Wealthsimple receives the funds, not upon notification of Transfer completion. Different positions related to the same transfer may be completed on different days.
If you transfer USD assets or cash, the value of the transferred assets will be calculated using the exchange rate when the transfer is processed by Wealthsimple, not at notification of Transfer completion. Bonuses will only be paid in Canadian dollars into a Wealthsimple Cash account. If you do not have a Cash account, we will prompt you to open one. If you do not open a Cash account within 90 days, any of the Bonuses issued will be forfeited.
Where a Qualifying Transfer is made "in-kind", the Match Bonus will be calculated based on the market value of the stocks & ETFs included in the transfer as of the date to which Wealthsimple receives the Qualifying Transfer, which may be different than the date you are notified that the transfer is complete in entirety.
How do you calculate my net funding amount?
Your net funding amount is the sum of how much you've transferred in minus your net withdrawals across all of your Wealthsimple accounts during your qualification period. You'll be able to view your qualifying transfers in the app, and we'll send you a recap at the end of your qualification period
During your funding window, we'll separate any funding into four categories:
1. Institutional Transfers in
• An account transfer to Wealthsimple, such as moving an existing RRSP from your former financial institution
2. Institutional Transfers out
• An account transfer out of Wealthsimple
3. Deposits
• A cash deposit into Wealthsimple, including direct deposit, and e-transfers
4. Withdrawals
• A cash withdrawal from Wealthsimple, including spending, or sending cash to another financial institution.
Your net funding amount will first be based on the sum of your Institutional Transfers.
If you make withdrawals or Institutional transfers out during the qualification period, the amount may reduce your net funding amount unless you've made deposits greater than or equal to the size of the withdrawals or transfers out during the qualification period. Should this happen, any reduction in your net funding amount because of withdrawals will impact the dollar amounts matched at 1% before those matched at 2%.
EXAMPLE A
If, after enrolling for the promotion, you transfer a $50,000 RRSP and a $10,000 non-registered account, and spend $5,000, your net funding amount would be ($50,000 + $10,000 - $5,000) = $55,000. Your total payout would be ($50,000 * 2%) + ($5,000 * 1%) = $1,050 or $43.75 in 24 monthly installments.
EXAMPLE B
If, after enrolling for the promotion, suppose you transfer a $50,000 RRSP, a $10,000 non-registered account, deposit $15,000 into your cash account and receive a $5,000 into your Cash account via direct deposit, then spend $5,000 from your cash account, and withdraw $5,000 from your non-registered account.
Your net funding amount would be ($50,000 + $10,000) = $60,000, and your total payout would remain based on ($50,000 * 2%) + ($10,000 * 1%) = $1,100 or $45.83 in monthly installments since your net withdrawals and transfers out ($5,000 + $5,000) during the period did not exceed your deposits ($15,000 + $5,000).
In the case of joint accounts, only accounts where you are the primary account holder are included. In the case you have joint accounts or Householding, you may see a different Net Deposit value in-app than what is used to calculate the net funding amount.
What happens if I withdraw, spend or transfer out during the Hold Period?
We will only reduce your monthly payouts in proportion to any money moved out of Wealthsimple.
If you need to withdraw 50% of the net funding amount, we will reduce future monthly payouts on a pro-rata basis, starting by deducting the amount from the lowest applicable match percentage. And you can keep any previous payouts made, no clawback. We will also grant you a 5% buffer where the payouts are not reduced.
In greater detail, we will grant you a 5% buffer for transactions and withdrawals during the hold period described below. Should you fall below that Net Funding amount, we will send you a warning email and if your required balance is not restored by your next payment date, your future payments will be pro-rated based on the amount still held in your Wealthsimple Accounts. Should your payments be pro-rated and you fund your Wealthsimple accounts back to the original qualifying amount, your bonus payments will not return to their original value.
EXAMPLE A
If your starting net deposits before the campaign were $50,000, and your qualifying amount was a $100,000 RRSP transfer, your required amount to hold will be $150,000 and your monthly bonuses would be $83.33 ($100,000 * 2% / 24 months).
During the hold, you'll be able to withdraw up to $5,000 (5% of $100,000) without forfeiting future bonuses. If you withdraw $20,000 (20% of the qualifying amount) and don't replenish your balance before the next bonus payment date, your future bonuses will be based on $80,000 of qualifying funding and reduced to $66.67 ($80,000 * 2% / 24 months).
EXAMPLE B
If your starting net deposits before the campaign were $100,000, and your qualifying amount was a $50,000 RRSP transfer, and a $50,000 TFSA transfer, your required amount to hold will be $200,000 and your monthly bonuses would be $62.50 ($50,000 * 2% / 24 months) + ($50,000 * 1% / 24 months).
During the hold, if you withdraw $20,000 (20% of the qualifying amount) and don't replenish your balance before the next bonus payment date, your future bonuses will be based on $80,000 of qualifying funding and reduced to $54.17 ($50,000 * 2% / 24 months) + ($30,000 * 1% / 24 months).
Any bonuses that are missed while your balance is insufficient will not be given again. If we suspect fraudulent behaviour, we reserve the right to recover the bonuses previously paid to you.
Is there a maximum I can earn?
The maximum qualifying funding for this promotion is $5,000,000. This means that the maximum bonus would be $100,000 if your whole transfer was from an RRSP ($5,000,000 RRSP * 2%). Should you go over the limit, we will prioritize your RRSP funds in our match calculations.
Does the bonus count toward my annual contributions?
The Bonus will be applied to your Cash account, and therefore not be counted towards your contribution room. Tax implications may apply if you transfer the Bonus to a registered account or withdraw the bonus, depending on the account. We suggest you reach out to your personal tax advisor if you have any questions related to tax.
Wealthsimple will not be issuing clients a tax slip to report Bonuses paid. Clients are solely responsible for any required tax reporting.
How long must my transfers stay in my Wealthsimple accounts?
The hold period is 2 years (730 days) after the end of your promotion period.
For greater flexibility, if you need to make a withdrawal during the hold period, we will only reduce future payments by the proportion of money taken out. Any previous installments will not be clawed back.
How will transferring a margin account affect my net funding amount?
If you transfer a non-registered margin account that carries a margin debit balance, that debit balance will be deducted from the total transfer value while any priced assets included in the transfer may be included in your net funding amount. In other words, the value included in your net funding amount for a margin account transfer will be assets minus margin debit.
Can I "household" or pool transfers together?
No.
Transfers into a joint account or Spousal RRSP will only count toward the eligibility of the primary account holder (the client who first opened the account). If a secondary account holder deposits into an account in which they are not the primary account holder, those deposits or transfers will count towards the primary account holder's eligibility.
If you make transfers to a joint account or a Spousal RRSP, the primary account holder must be registered to receive the bonus.
Do I have to pay transfer fees for institutional transfers?
Wealthsimple does not charge any fees to transfer assets. However, your other financial institution may charge you an administrative transfer fee when moving your assets to Wealthsimple. Wealthsimple will automatically reimburse the transfer-out fee per account from another financial institution if the Client's Qualifying Transfer is equal to or greater than $15,000 in a single transfer. More details can be found here.
How can the Match bonus and Lift Ticket rewards combine?
Registering for the Big Winter Bundle means you can qualify for both a Match bonus and/or Lift Ticket(s). See the Qualification Matrix below for details.
Lift Tickets
How do I redeem my Lift Ticket?
You can redeem your lift tickets by following these steps:
1. Visit the in-app Reward Centre and view the Winter Bundle details.
2. Hit Claim to receive an email with your unique promo code
3. From there, you'll be directed to a dedicated Canadian Lift Pass page to select your resort of choice.
The Lift Ticket will be redeemable in the Wealthsimple app until May 31, 2025. For detailed instructions and troubleshooting, please visit this page.
Are existing clients eligible for the promo?
Yes! As an existing client, you're eligible for the promotion by completing any one of the following during your 30 days of registering:
• Transfer a total of $15,000 or more across multiple accounts, including at least one RRSP or LIRA account.
• Set up your first direct deposit into a Wealthsimple Cash account of $2,000 or more and have the money land in your account. Maintain $2,000 a month in direct deposit for 6 consecutive months.
• Refer a friend and have them successfully join and fund their account within 30 days of their account opening. (max of 3 referrals)
Is there a maximum amount of lift tickets I can receive?
Yes.
The maximum amount of lift tickets you can receive is 5.
• 1 for transferring $15,000+ to Wealthsimple, with at least one account being an RRSP or LIRA
• 1 for setting up direct deposit of $2,000+ a month
• Up to 3 for referring friends (1 ticket per referral) who join and fund their account within 30 days of their account opening
Where can I use the lift tickets?
Lift tickets are provided through the Canadian Lift Pass and are Platinum level. Lift Tickets are redeemable during the 2024/2025 season at 50+ ski areas across Canada. To learn more, visit the Canadian Lift Pass website.
Are lift tickets transferable?
Yes!
For the Canadian Lift Pass tickets, follow the steps below:
1. You can add associated skiers to your account, such as your family. This makes it easier to book your visits to the ski areas.
2. You can send a ticket to a friend who has created an Account. Your friend must provide you with the valid email address they used to create their Account. They will have 7 days to accept the ticket or it will be returned to you.
3. You can copy the link from your email to access CLP and share it with your friend; your code should automatically populate for them.
For assistance, please contact wealthsimple@skicanada.org.
When will I receive my lift ticket?
Starting January 22, 2025, you will receive a notification when a Lift Ticket is available to be claimed, usually within 24 hours after the qualifying action is completed.
Lift tickets need to be reserved in advance, so make sure you've made a reservation before heading to the slopes.
When can I use the Canadian Lift Pass?
You can use the Lift tickets during the 2024/25 season, and May 31st is the last day to claim your ticket in the app. Some ski areas may have blackout dates.
If required by the ski area, blackout dates are limited to Family Day week. When planning your ski trip/visit consult the Where to use it page where resort-specific blackout dates are listed. You can also contact wealthsimple@skicanada.org for assistance.
How do I change or cancel my booking?
• You can modify your booking up to 2 days before scheduled day. For example: For a Saturday booking, changes must be made by Thursday at 11:59PM
• To cancel: Log into your account, click "Bookings," select your date, and click "Cancel my Booking"
• Changes can only be made to future dates, subject to availability
Can I book a same-day lift ticket?
• Most resorts accept same-day bookings
• Exceptions: Mont Tremblant and Mount St. Louis Moonstone require 24-hour advance booking. Consult the Where to use it page for more details.
Can I receive a cash equivalent of the lift tickets?
No.
If you cannot claim or otherwise use your lift ticket, we will not issue a cash equivalent.
Can I lose my lift tickets?
Yes.
If we determine that you did not meet, or no longer meet the eligibility requirements of the lift ticket that was claimed, the face value of the tickets ($155.96 each) may be clawed back from your Wealthsimple Cash account or otherwise recovered.
How do I make a referral?
Open the Wealthsimple app, tap the 🎁 in the top right corner, and click the "Referrals" tab. From there, you can click "Share" to send a referral code to a friend.
How do I tell if my friend signed up?
Open the Wealthsimple app, tap the 🎁 in the top right corner, and click the "Referrals" tab. From there, you can click Referral History to view the status of your invites.
How do I set up a Direct Deposit?
You can follow the full instructions here. To set up an account:
1. Navigate to your chosen Cash account in the Wealthsimple App or Website, and find your direct deposit information
• App: From the Accounts list, tap your chosen Cash account. From there, click the "More" option and tap "Account details" from the menu. Your direct deposit info will appear on the screen.
• Web: Log in to your account. From the Home screen, click your chosen Cash account. Your direct deposit information will appear on the right side of the screen.
2. Update your payroll information
• Usually, you can change your direct deposit information directly in the system you use to check your payroll information. In some cases, you may have to email or call your payroll team to make the switch.
Do the Canadian Lift Pass tickets expire?
Yes.
All issued lift passes expire at the end of the 2024/25 winter season and must be claimed by May 31. They cannot be credited or transferred to the following season. Please note that individual ski areas may close earlier due to weather conditions.
Where can I learn more about the Canadian Lift Pass?
You can visit their FAQ page here.
Terms and Conditions
2025 Wealthsimple The Big Winter Bundle Promotion (the “Promotion”)
This Promotion is sponsored by Wealthsimple Technologies Inc. (together with its affiliates “Wealthsimple”).
Promotion Period. From January 20, 2025 at 12:01AM ET to March 15, 2025 at 11:59PM ET (the “Promotion Period”).
Qualification Period. The qualification period begins at 12:01am ET on the day of the Client’s first registration of the Promotion during the Promotion Period and ends thirty (30) days after at 11:59pm ET (the “Qualification Period”).
Eligibility. To be eligible for the Promotion, the person must:
- be a new or existing Wealthsimple Self-directed Investing, Managed Investing, Crypto, Save, or Cash account (each a “Wealthsimple Account”) account user, with all Wealthsimple accounts in good standing at the time of participation;
- be a legal resident of Canada at the time of participation and when any Match Bonuses (as defined below) or Lift Ticket (as defined below) being issued;
- be the age of majority, or older, in their province/territory of residence at the time of participation; and
- meet the requirements set out below.
(the “Client”).
Incentives. To qualify for the Match Bonus (as defined below) or Lift Ticket (as defined below), eligible Clients must: (i) first register for the Promotion during the Promotion Period via either: (a) the linked survey from the Promotion marketing materials, (b) a promotional card included within the Wealthsimple app, (c) the registration form on Wealthsimple website, or (d) an invitation from a Wealthsimple Business Development Representative or advisor, then (ii) complete the qualifying action for the applicable incentive during the Qualification Period.
Match Bonus
Match Bonus. The cash bonuses (the “Match Bonus”) will be calculated based on the cumulative account transfer amounts into a Wealthsimple Self-directed Investing, Crypto or Managed Investing Account (each, an “Eligible Account”), up to a maximum of $5,000,000, less withdrawals and any margin debit balances during the Qualification Period (the “Net Funding Amount”). On Qualifying Transfers (as defined below), a cash bonus of 1% calculated based on the market value of the Net Funding Amount will be applied. On Qualifying Transfers from qualified RRSP or LIRA accounts, an additional cash bonus of 1% is calculated based on the market value of the Net Funding Amount from those qualified RRSP or LIRA account transfers. Should there be any withdrawals during the Qualification Period, the withdrawals will be deducted towards the amount eligible for the lower applicable match bonus percentage. The market value of the Net Funding Amount is calculated as of the date to which Wealthsimple receives a Qualifying Transfer, net of any applicable fees, including but not limited to, transfer fees and foreign exchange fees. Where a Qualifying Transfer is in US currency, the Match Bonus will be calculated based on the market value at the exchange rate as of the date to which Wealthsimple receives the Qualifying Transfer. All Match Bonuses will be paid in Canadian currency.
Qualifying Transfer for Match Bonus. To participate in the Match Bonus, eligible Clients must initiate a qualified institutional transfer(s) or crypto transfer(s) totaling $15,000 or more from their existing investment account(s) at a Canadian investment institution other than Wealthsimple to an Eligible Account during the Qualification Period (a “Qualifying Transfer”). Qualifying Transfers may consist of multiple transfers so long as the total meets the $15,000 minimum requirement. Funds must be received by Wealthsimple within ninety (90) days of the end of the Qualification Period to be considered as a Qualifying Transfer for the Match Bonus. For greater certainty, deposits into the Client’s Wealthsimple accounts, transfers from entities affiliated with Wealthsimple, transfers between the Client’s Wealthsimple accounts, and Wealthsimple Work Group Plan transfers and deposits will not be considered a Qualifying Transfer.
There are no fees associated with the creation of a Wealthsimple Account. A Client can open a Wealthsimple Account by visiting https://www.wealthsimple.com/en-ca and following the instructions on how to create an account. Further details on transferring an account to Wealthsimple can be found at https://wsim.co/transfer-account.
If the Client’s Wealthsimple Account is an RESP, a Spousal RRSP, or a joint account (each a “Multiple Holder Account”) where there is a primary and secondary account holder, the primary account holder must be the individual registered for the Promotion to be eligible for the Match Bonus (as defined below). Promotion activation by a secondary account holder in their capacity as a secondary account holder for a Multiple Holder Account is not considered valid activation for the purpose of this Promotion. When the primary account holder is registered for the Promotion, any transfers, deposits, or withdrawals to or from the Wealthsimple Account made by the primary or the secondary account holder will count towards the Net Funding Amount (as defined below) for the primary account holder. For greater certainty, the secondary account holder will not be eligible for a Match Bonus.
Transfer Fee from External Institutions. There may be fees charged by an institution outside of Wealthsimple for the transfer of the Client’s account(s) to Wealthsimple. Wealthsimple will automatically reimburse the transfer-out fee per account from an institution if the Client’s qualifying transfer is equal to or greater than $15,000 in a single account transfer. For further details and conditions, please visit https://wsim.co/fee-reimbursement.
Application of Match Bonus. In order to receive the Match Bonus, the Client must have a Wealthsimple Cash (“Cash”) account that is in good standing. Clients who do not have a Cash account by the time a Match Bonus is issued will have ninety (90) days upon the first Cash account opening requirement notification to open a Cash account. Any Match Bonus not applied to a Cash account will expire after ninety (90) days of issuance and any expired Match Bonus will be considered forfeited by the Client. Wealthsimple is not liable for any forfeited Match Bonus and any forfeiture will not be reissued.
The Match Bonus will be applied as twenty-four (24) equal monthly payments to the Client’s Wealthsimple account(s) within sixty (60) days after the full Net Funding Amount has settled in the Client’s Wealthsimple account(s). Once the first Match Bonus is applied, the remaining Bonus payments will be applied on or around the same day of each subsequent month. All Wealthsimple account(s) must be in good standing at the time the Match Bonus is applied. The Match Bonus is non-transferrable, and cannot be applied retroactively. The Match Bonus remains subject to change, at Wealthsimple’s sole discretion.
Hold Period for Match Bonus. Unless specified herein, Clients who receive a Match Bonus may not spend or otherwise remove: (i) the cumulative balance of the Client’s Wealthsimple account(s) as at the start date of the Qualification Period, and (ii) more than 5% of the cumulative Net Funding Amount (together, the “Withdrawal Limit”) for seven hundred and thirty (730) days after the end of the Qualification Period.
If a Client goes over the Withdrawal Limit, and is unable to replenish the required balance before the next Match Bonus payment, subsequent Match Bonus payments will be adjusted on a pro-rata basis, starting with the Net Funding Amount qualified for the Client’s lowest eligible Match Bonus. Any ceased or missed Match Bonus amount due to the foregoing adjustment(s) will be considered forfeited and will not be awarded. Subsequent replenishment of the required balance after a pro-rata adjustment(s) will not increase the remainder Match Bonus payments. Transfers between the Client’s own Wealthsimple account(s), and/or negative fluctuations in the Net Funding Amount solely due to market conditions will not be counted towards the Withdrawal Limit. Withdrawals on any profits, dividends, interests or benefits otherwise derived from the Net Funding Amount, and withdrawals from a Multiple Holder Account by the secondary account holder will be counted towards the Withdrawal Limit.
Lift Ticket
Lift Ticket. Upon satisfying the conditions of a Qualifying Action (as defined below), eligible Client will receive one (1) Canadian Lift Pass ticket (retail value $155.96) to be used at eligible ski resorts in Canada for the 2024/2025 Ski Season (a “Lift Ticket”). For all participating ski resorts and the terms related to the Lift Ticket, please see https://canadianliftpass.ca/where-to-use-it/. Limit five (5) Lift Tickets per Client: one (1) Lift Ticket via the Qualifying Deposit (as defined below) method, one (1) Lift Ticket via the RRSP/LIRA method, and three (3) Lift Ticket via the referral method.
Qualifying Actions for Lift Tickets. There are three ways to obtain a Lift Ticket. To qualify for a Lift Ticket, eligible Clients must either: (i) set up their first direct deposit with Wealthsimple Cash (“Cash”) account during the Qualification Period and have at least $2,000 deposited into their Cash Account during every 30-day period (“Qualifying Deposit”) for a minimum of six (6) consecutive months via direct deposit, (ii) have a total of at least $15,000 of their Qualifying Transfer for the Match Bonus, with at least one of the transfers being an RRSP or LIRA account, or (iii) successfully refer a Referee (as defined below) during the Qualification Period, (“Referral Funding Period”) (each a “Qualifying Action”).
Successful Referral. To be considered a successful referral and a Qualifying Action, the Client must provide their referral code to the Referee, who must sign up for a Wealthsimple Account during the Client’s Qualification Period and fund at least $1 into their account within thirty (30) days of account opening.
Additional Conditions on Qualifying Deposits. To be considered a Qualifying Deposit, eligible Clients must have not previously set up direct deposit with their Cash account. Qualifying Deposit may consist of multiple direct deposits provided the total deposit amount meets the $2,000 per month minimum requirement. The first month’s Qualifying Deposit must settle in the Client’s Cash Account within the Qualification Period to be eligible for a Lift Ticket. Wealthsimple reserves the right to determine whether the deposit(s) satisfy the criteria to be eligible.
If the Client’s Cash Account is a joint account (each a “Joint Account”) where there is a primary account holder (the individual who opened the Joint Account) and secondary account holder (the individual who received an invitation to join the Joint Account), any Qualifying Deposits to the Joint Account made by the primary or the secondary account holder will be treated as if they were contributed by the primary account holder. The Lift Ticket would be redeemable by the primary account holder. For greater certainty, the secondary account holder will not be eligible for a Lift Ticket on Qualifying Deposits made to the Joint Account. In the event the primary account holder is ineligible to participate in this part of the Promotion due to previous direct deposits, any direct deposits made to the Joint Account will not qualify as Qualifying Deposits. The ineligibility of a primary account holder of a Joint Account will not affect the secondary account holder’s ability to participate in this Promotion, as long as the Qualifying Deposits are not deposited into the Joint Account.
Referee Eligibility. To qualify as a Referee, the referred individual must:
- be a legal resident of Canada;
- be the age of majority, or older, in their province/territory of residence at the time of participation;
- not have previously created a Wealthsimple Account;
- meet the requirements for registering a Wealthsimple Account; and
- meet the referral requirements set out below
(the “Referee”).
For greater certainty, only the Client who completed the Qualifying Action will be eligible to redeem a Lift Ticket. The Referee will not be receiving a Lift Ticket for opening and funding their new Wealthsimple account.
Redemption of Lift Ticket. Starting on January 22, 2025, once the Qualifying Action has been satisfied, a communication will be sent to the Client to claim the Lift Ticket. (the “Notification Date”). The Lift Ticket will be available for the Client to redeem in the Wealthsimple app until May 31, 2025. Follow the instructions in the app and Lift Ticket provider’s website to redeem the Lift Ticket. All Wealthsimple account(s) must be in good standing at the time the Lift Ticket is awarded. Unclaimed Lift Ticket, unresponsive communication, or Lift Ticket forfeiture will not be rewarded and has no cash value. All terms and conditions associated with the Lift Ticket apply. Wealthsimple reserves the right, for any reason and in its sole discretion, to substitute and/or modify the Lift Ticket with another prize that is of equal or greater value.
In the event it is deemed, at Wealthsimple’s sole discretion, the Client (or their Referee) did not satisfy the requirements of a Qualifying Action after the Lift Ticket had been issued, including the inability to satisfy the Qualifying Deposit for the specified required timeframe, or failure to maintain at least $15,000 of the Qualifying Transfer for the Match Bonus, Wealthsimple may deduct the retail value of the Lift Ticket from the Client’s Cash Account or otherwise be recovered by Wealthsimple.
Currency. All currency shown in these terms and conditions are in Canadian dollars.
Tax Implications. There are tax implications to bonuses of this nature in most instances. Please consult with an accountant or tax professional for additional guidance. Wealthsimple will not be issuing clients a tax slip to report Match Bonuses or Lift Ticket issued. Clients are solely responsible for any required tax reporting.
Combinability. Unless specified in the terms of other promotions, this Promotion cannot be combined with other offers or promotion codes other than the Wealthsimple x Pine Mortgage Cash Back Offer, Wealthsimple Discovery Promotion, Direct Deposit Incentive, and the Wealthsimple Referral Bonus Promotion.
If Client had previously registered for a non-combinable promotion and subsequently registers for this Promotion, all transfers or actions eligible for this Promotion will count towards this Promotion and not the previously registered non-combinable promotion(s).
If, after participating in this Promotion, the Client subsequently registers for another non-combinable promotion(s), please refer to the terms for those promotion(s) for details.
If Wealthsimple, as determined at its sole discretion, suspects fraudulent behaviour or gaming the system including, but not limited to, making withdrawals prior to the Promotion Period and subsequently depositing part or all of those withdrawals, or making internal transfers between the Client’s Wealthsimple accounts from the initial Qualifying Transfer(s) account for the purpose of benefiting from this Promotion and/or obtaining a better Match Bonus, Wealthsimple reserves the right to include such withdrawals in the calculation of Net Funding Amount, disqualify the Client from participating this Promotion and to take any other action it deems appropriate including, but not limited to, removing the Match Bonus, deducting the retail value of the Lift Ticket, or closing their Wealthsimple account(s).
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 the 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 Match Bonus in their Wealthsimple account and subsequent use of the Match Bonus, or the enjoyment of the Lift Ticket; 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 their participation in the Promotion.
General. Wealthsimple reserves the right to cancel, 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, as determined in Wealthsimple’s sole and absolute discretion, 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 Match Bonus, the retail value of the Lift Ticket, 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 Promotion is only valid for individuals in the location cited above that otherwise meet our eligibility requirements. The standard terms (https://www.wealthsimple.com/en-ca/legal/terms) relating to the use of Wealthsimple and any agreements that apply to the Wealthsimple account(s) each apply and are not affected in any way by this offer.
In the event of any discrepancy or inconsistency between the terms and conditions of the Promotion and disclosures or other statements contained in any related materials, including but not limited to the point of sale, print or online advertising, the terms and conditions of the Promotion shall prevail, govern and control.
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