About the Bond rebate promotion and how to qualify.

From March 28 until April 30, 2025. New or existing Wealthsimple account users who make a qualifying new deposit settled into their Wealthsimple Managed Investing Bond portfolio account, may qualify for a Rebate of the Management Fee on the new deposit amount for ninety (90) days from the date of the first eligible deposit. Full terms and conditions below.

How do I open a Bond Portfolio?

For instructions and tips of how to open a Bond portfolio, please see this Help Centre article.

What is the promotional period?

The promotional period is from March 28, 2025 at 12:01AM ET to April 30, 2025 at 11:59PM ET.

How do I qualify for the rebate?

To qualify, all you need to do is:

• Be a new or existing Bond portfolio account use with all Wealthsimple accounts in good standing at the time of participation.
•  Be a legal resident of Canada (excluding Québec) at the time of participation and when any Rebate (as defined below) is issued.
• Be the age of majority, or older, in their province/territory of residence at the time of participation; 
• Make a net new deposit into a Bond portfolio account within the Promotion Period. For greater certainty transfers between the Client's Wealthsimple Bond portfolio accounts will not be considered part of the Qualifying Action.
• You do not need to register for the promotion. If you deposit new funds into a Bond portfolio account between March 28 - April 30, 2025, you will be eligible for the rebate promotion.

I live in Québec, can I participate in this promotion?

Sorry, at this time we are not able to offer this promotion to residents of Québec.

What is the rebate period?

The Rebate period is ninety (90) days from the date of your first qualifying deposit during the promotional period.

Who is eligible for this offer?

This is open to new and existing Bond portfolio clients.

To qualify for the fee rebate:

• You must make a net new deposit into your Bond portfolio account between March 28 and April 30, 2025.
• Net new deposits are calculated as total contributions minus withdrawals during the promotional window.
• The 90-day management fee rebate applies only to the portion of assets added during the promotional period.

When will I get my rebate?

The rebate will be credited to your account as a ‘monthly fee rebate’.

Note: You will see the management fee charged monthly as usual, but the rebate will be applied 1-3 business days following the initial charge. This will be shown in your activity section.

Why is my rebate amount different from my management fee charge?

The rebate is calculated based on net new deposits received during the promotional period. If you had existing funds in your Bond portfolio account before the start of the promotion, these funds will still be charged a management fee.

How are net deposits calculated?

Any new deposits or internal transfers completed between March 28 - April 30, 2025, will be eligible. With the exception of transfers between new or existing Bond portfolio accounts. The 90 day rebate will start from the day of the first net new deposit into the Bond portfolio account. Any withdrawal from the Bond portfolio account during the 90-day period may reduce the rebate amount.

For example:

• If you deposit $10,000 into your Bond portfolio account on March 28 you will receive a rebate of the management fee on this amount until June 26, 2025. If you deposit another $5,000 on April 15, this new amount will only be included in the rebate until June 26, 2025.
• Any deposits made after April 30, 2025 will not receive a rebate.

Do internal transfers count?

Yes! Internal transfers from a qualifying Wealthsimple account into a Bond portfolio account are eligible for the promotion. However, you cannot transfer from an existing Bond portfolio account into another one to benefit from the promotion.

Do institutional transfers count?
You can transfer cash from outside of Wealthsimple into a Bond portfolio account, but the transfer must land in your Bond portfolio account before April 30, 2025 to qualify. Institutional transfers of Bond portfolio accounts to a Wealthsimple Bond portfolio account will not count towards this promotion. 

I can’t open a Bond Portfolio, can I still get my management fees waived?

This promotion is only available to eligible new and existing clients who have an existing or new Bond Portfolio account.

I already have funds deposited into the Bond portfolio before March 28, 2025, will these be counted?

If you already have a funded Bond Portfolio, the fee rebate will only apply to new deposits or internal transfers into the portfolio during the promotional period. If there are already funds in the account, existing funds will continue to be charged a monthly management fee. You will only receive a rebate for the fee(s) charged for the new deposits made during the promotional period.

What if I need to withdraw funds from my Bond Portfolio?

If you need to withdraw funds from your Bond Portfolio account during the ninety (90) day rebate period, you can, but your Rebate will be reduced accordingly. 

What if I want to transfer funds to another one of my Wealthsimple accounts?

If you transfer funds out of your Bond Portfolio account during the ninety (90) day rebate period, your rebate will be reduced downwardly accordingly.  

What happens if I want to close my Bond Portfolio?

If you decide to close your Bond Portfolio, you may do so without penalty during the promotional period.

 

 

Terms & Conditions

Bond Portfolio 90 Day Rebate Promotion (the “Promotion”)

This Promotion is sponsored by Wealthsimple Technologies Inc. (together with its affiliates  “Wealthsimple”). 

Promotion Period. From March 28, 2025 at 12:01AM ET to April 30, 2025 at 11:59PM ET (the “Promotion Period”).

Rebate Period. The period to which a Client’s deposit is eligible for the Rebate (as defined below) begins at the time the Client’s first deposit settled in their Wealthsimple Managed Investing Bond portfolio account (“Bond”) during the Promotion Period and ends ninety (90) days after at 11:59pm ET (“Rebate Period”).

Eligibility. To be eligible for the Promotion, the person must:

• be new or existing Bond account user, with all Wealthsimple accounts in good standing at the time of participation;
• be a legal resident of Canada (excluding Québec) at the time of participation and when any Rebate (as defined below) is issued;
• be the age of majority, or older, in their province/territory of residence at the time of participation; 
• Make any net new deposit(s) into a Bond account within the Promotion Period; and
• meet the requirements set out below.

(the “Client”)

Qualifying Action. To participate in the Promotion, eligible Clients must make a new deposit into their Bond account during the Promotion Period (a “Qualifying Action”). Funds must be received by Wealthsimple within the Promotion Period to qualify as a Qualifying Action. Funds must originate from external sources or from existing Wealthsimple accounts not classified as a Bond portfolio account. For greater certainty, internal transfers from other Wealthsimple Bond accounts will not be considered part of the Qualifying Action.

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.

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 $25,000 in a single account transfer. For further details and conditions, please visit https://wsim.co/fee-reimbursement.

Rebate. The rebate of the management fee (the “Rebate”) ranges from 0.2% to 0.5%, and is calculated daily based on the funds received into the Client’s Bond account , less any withdrawals made during the Rebate Period (the “Net Funding Deposit”). Any withdrawals made from the Bond account, including transfers from the Client’s Bond account to another non-Bond Wealthsimple account during the period which the Rebate will be calculated will be considered a withdrawal from the Net Funding Deposit and the Rebate amount will be adjusted downward accordingly. Fluctuations in the Net Funding Amount solely due to market conditions or transfers between the Client’s Bond accounts are not considered withdrawals. The management fee is quoted annually, calculated daily, and applied at the end of each month. Maximum one (1) Rebate per Client per Bond account(s).

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 Rebate Period and subsequently depositing part or all of those withdrawals for the purpose of benefiting from this Promotion, Wealthsimple reserves the right to include such withdrawals in the calculation of Net Funding Deposit, disqualify the Client from participating this Promotion and to take any other action it deems appropriate including, but not limited to, stopping the Rebate or closing their Wealthsimple account(s).

Application of Rebate. Please allow up to three (3) business days following the end of the month, when the management fee is charged, for the Rebate to be applied to the Client’s respective Bond account(s) in accordance with these terms and conditions.  All Wealthsimple account(s) must be in good standing at the time the Rebate is applied. If the Client has more than one Wealthsimple Bond account at the time the Rebate is applied, the Rebate will be applied to the same Bond account that was funded during the Promotion Period. For greater certainly, a Rebate will only be issued on a Bond account that has completed a Qualifying Action within the Promotion Period.

Currency. All currency shown in these terms and conditions are in Canadian dollars.

Tax Implications. There may be tax implications to rebates of this nature. Please consult with an accountant or tax professional for additional guidance. Wealthsimple will not be issuing clients a tax slip to report Rebates. Clients are solely responsible for any required tax reporting.

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 Bond accounts for the purpose of benefiting from this Promotion, Wealthsimple reserves the right to include such withdrawals in the calculation of Net Deposit Balance, disqualify the Client from participating in this Promotion and to take any other action it deems appropriate including, but not limited to, removing the Rebate, 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) 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 Rebate in their Wealthsimple account and subsequent use of the Rebate; 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 Rebate 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.

Managed accounts are offered by Wealthsimple Inc., a registered portfolio manager in each province and territory of Canada. Assets in your Invest account are held in an account with Wealthsimple’s affiliated custodial broker, Wealthsimple Investments Inc. (“WSII”). WSII is a member of the Canadian Investment Regulatory Organization (“CIRO”). Customer accounts held at WSII are protected by Canadian Investor Protection Fund (“CIPF”) within specified limits in the event WSII becomes insolvent. A brochure describing the nature and limits of coverage is available upon request or at CIPF. Wealthsimple Inc. is not a member of CIRO nor a member of CIPF.