General

Match Bonus

Gift

Terms & Conditions

2025 Wealthsimple Spring Private Offer Promotion (the "Promotion")

This Promotion is sponsored by Wealthsimple Technologies Inc. (together with its affiliates, "Wealthsimple").

Promotion Period. From April 22, 2025 at 12:01am Eastern Time (ET) to August 1, 2025 at 11:59PM ET (the "Promotion Period").

Qualification Period. The qualification period begins at the time the Client registered for the Promotion and ends thirty (30) days after at 11:59 PM 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, chequing, or Mortgage 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 Reward (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.

Qualifying Funding. To participate in the Promotion, eligible Clients must: (i) first register for the Promotion during the Promotion Period with a Wealthsimple Advisor, Financial Planner, or Business Development Representative (each a “Wealthsimple Representative”), then (ii) initiate qualified institutional transfer(s), crypto transfer(s), and/or deposits from their existing investment account at a different investment institution totalling $500,000 or more to a Wealthsimple Self-directed Investing, chequing, Crypto or Managed Investing Account (each an “Eligible Account”) during the Qualification Period (“Qualifying Funding”). Qualifying Funding may consist of multiple transfers and/or deposits so long as the total meets the $500,000 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 Funding. For greater certainty, transfers from entities affiliated with Wealthsimple, transfers between the Client's Wealthsimple accounts, and Wealthsimple for Business Group Plan transfers will not be considered part of the Qualifying Funding.

There are no fees associated with the creation of an Eligible Account. A Client can open an Eligible 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 a Reward (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 Reward.

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. 

Reward. There are two (2) types of rewards the Client can choose from (each a “Reward”): 

1. Match Bonus: For registrations prior to June 23, 2025 a match bonus of 0.75% (the “Match Bonus”), calculated based on the market value of the cumulative account transfer amounts and deposits into an Eligible Account less withdrawals and any margin debit balances during the Qualification Period (the "Net Funding Amount"), up to a maximum of $10,000,000 Net Funding Amount (Match Bonus of $75,000) will be applied.

For registrations on or after June 23, 2025, a match bonus of 1% (the “1% Match Bonus”, together with 0.75% Match Bonus, the “Match Bonus”), calculated based on the Net Funding Amount, up to a maximum of $2,000,000 Net Funding Amount (1% Match Bonus of $20,000) will be applied.

The market value of the Net Funding Amount is calculated as of the date to which Wealthsimple receives a Qualifying Funding, net of any applicable fees, including but not limited to, transfer fees and foreign exchange fees. Where a Qualifying Funding 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 Funding. All Match Bonuses will be paid in Canadian currency.

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2. Gift: A gift, available depending on the total amount and nature of the Net Funding Amount (a “Gift”). Gifts for which the total amount and nature of the Net Funding Amount is not disclosed may have additional eligibility criteria; please speak with your Wealthsimple Representative. The list of Gifts may change from time to time and will be included in the Promotion invitation from a Wealthsimple Representative and/or promotion materials at the time of Client’s registration of the Promotion. All Gifts are subject to availability and compliance with applicable terms and eligibility criteria. For a current list of Gifts available, and the minimum funding requirement associated with a Gift, please refer to the FAQ section above these terms and conditions. By choosing a Gift, the Client agrees and acknowledges that Wealthsimple is not responsible for any fees or expenses in relation to accepting and using the Gift including by way of example, but not limited to, taxes, legal fees, transportation costs, installation costs, registration costs, costs associated with obtaining and maintaining licenses/permits, and/or any costs associated with using the Gift. Clients must ensure they have the proper requirements and documentations to accept and use the Gift. 

Clients must confirm with the Wealthsimple Representative their choice of Reward within thirty (30) days of the end of Qualification Period, or when all the Qualifying Funding has settled into the Client’s Wealthsimple account(s), whichever is later. Failure to notify the Wealthsimple Representative of the choice will default the Client’s Reward to Match Bonus (subject to compliance with the requirement as below to obtain the Match Bonus; please see “Match Bonus” under the “Application of Reward” section. Clients can elect to allocate a portion of the Net Funding Amount towards a qualifying Gift and the remainder of the Net Funding Amount towards the Match Bonus provided the Net Funding Amount exceeds the requirement for the chosen Gift. The Reward is non-transferrable, and cannot be applied retroactively. The Reward remains subject to change, at Wealthsimple's sole discretion. Wealthsimple reserves the right, for any reason (including by way of example and without limitation if a Gift is unavailable for any reason) and in its sole discretion, to substitute and/or modify the Reward with another item (including cash) that is of equal or greater market value (as reasonably determined by Wealthsimple).

Application of Reward. Upon satisfying the Qualifying Funding requirements, the Reward will be applied in the following manner:

Match Bonus

In order to receive the Match Bonus, the Client must have a Wealthsimple chequing ("Chequing") account that is in good standing. Clients who do not have a Chequing account by the time a Match Bonus is issued will have ninety (90) days upon the first Chequing account opening requirement notification to open a Chequing account. Any Match Bonus not applied to a Chequing 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 Chequing account which the Client’s prepaid Mastercard card is linked to within sixty (60) days from the end of the Qualification Period or after the full Net Funding Amount has settled in the Client's Wealthsimple account(s), whichever comes later. Once the first Match Bonus is applied, the remaining Match 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. 

Gift

The Gift, as selected by the Client and as determined by the total amount and nature of the Net Funding Amount, will be initiated for fulfillment within thirty (30) days of Client’s confirmation of Gift selection. Once the Gift is selected, it cannot be changed. Where the Gift is an item that can be shipped, it must be shipped to a Canadian address that is not a P.O. box address. The Client may incur shipping costs where the delivery location is outside of major metropolitan areas or if the nature of the Gift requires special shipping methods or arrangements. Where the Gift requires customizations and planning, the Wealthsimple Representative will contact the Client to connect the Client with the Gift provider such that the Client can coordinate all such customizations and planning directly with the Gift provider. It may also be necessary for the Client to enter into agreements directly with the Gift provider in order to facilitate and implement the transfer of ownership in the Gift. The Client will be responsible for coordinating review (including review by any professional advisors) of any such agreements and all costs associated therewith. All Wealthsimple account(s) must be in good standing at the time the Gift is being fulfilled. Gift complete fulfillment date will depend on Gift provider’s availability and time needed to complete the Gift. No responsibility is assumed by Wealthsimple once the Gift has been shipped or once the Client has connected with the Gift provider, as applicable. No responsibility is assumed for any delivery returned as undeliverable. Client(s) bears all risks to the Gift upon delivery or completion. 

Hold Period. Unless specified herein, Clients who receive a Match Bonus or a Gift may not spend or otherwise remove the respective amount noted below from their Wealthsimple account(s) for seven hundred and thirty (730) days after the end of the Qualification Period (each a “Holding Amount”).

The Holding Amount for a Match Bonus is the sum of: (i) the cumulative balance of the Client's Wealthsimple account(s) as at the day before the Qualification Period, and (ii) 95% of the cumulative Net Funding Amount. 

The Holding Amount for a Gift is the sum of: (i) the cumulative balance of the Client's Wealthsimple account(s) as at the day before the Qualification Period, and (ii) 95% of minimum cumulative Net Funding Amount required to obtain the Client’s applicable Gift.

If a Client who selected the Match Bonus withdraws any portion of the Holding Amount,, 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. 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.

If a Client who selected a Gift withdraws any portion of the Holding Amount, and is unable to replenish the required balance before the date as specified by Wealthsimple, the Gift retail value as stated in the Reward confirmation communication may be deducted on a pro-rata basis from their final withdrawal amount or otherwise recovered by Wealthsimple. 

In the event the Client who selected both a Match Bonus and a Gift, any withdrawals made will first be counted as a withdrawal towards the Match Bonus Holding Amount before being counted as a withdrawal towards the Gift Holding Amount. 

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 Holding Amount. 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 Holding Amount.

Tax Implication. There are tax implications to rewards 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 for the Reward. Clients are solely responsible for any required tax reporting.

Combinability. The Reward is non-transferrable, and cannot be applied retroactively. The Reward remains subject to change, at Wealthsimple’s sole discretion.

Unless specified in the terms of other promotions, this Promotion cannot be combined with other offers or promotion codes other than the Wealthsimple Referral Promotion, Wealthsimple x Pine Mortgage Cash Back Offer, Wealthsimple Discovery Promotion, Direct Deposit Incentive, Super Boost Referral Promotion, Wealthsimple Representative Boosted Referral Promotion and Wealthsimple Cash Direct Deposit Incentive Promotion.

If Client had previously registered for a non-combinable promotion and subsequently registers for this Promotion, all deposits and transfers eligible for this Promotion will count towards this Promotion and not the previously registered non-combinable promotion(s).

If, after registering for this Promotion, the Client subsequently registers for another non-combinable promotion(s), please refer to the terms for those promotion(s) for details.

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

Collection and Use of Personal Information. By participating in this Promotion, Clients understand and agree that Wealthsimple will collect and use their personal information for the purpose of administering this Promotion (including providing information to Gift providers to fulfill the Gift) and in accordance with Wealthsimple’s Privacy Policy, available here. Any questions regarding Wealthsimple’s Privacy Policy or treatment of your personal information should be directed to Wealthsimple’s Privacy Officer at privacy@wealthsimple.com or 400-80 Spadina Avenue, Toronto, ON, M5V 2J4. For information about the privacy practices related to the collection and use of personal information by the Gift provider(s), please contact the Gift provider(s) for more information.

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 or receipt or use of a Reward. 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 any Reward in their Wealthsimple account or the receipt or use of any Reward; 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 or receipt or use of any Reward. Any Claims (including without limitation and by way of example only, product liability claims or misleading advertising claims) related to a Gift should be directed to the Gift provider and not Wealthsimple and without limiting the generality of the foregoing, the Client releases the Releases from all Claims and liabilities with respect to any and all Gifts.

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 Reward 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.