Wealthsimple Portfolios Fee Rebate Promotion (the “Promotion”)

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

Promotion Period. From April 10, 2025 at 12:01AM ET to May 10, 2025 at 11:59PM ET (the “Promotion Period”).

Rebate Period. The period to which a Client is eligible for a Rebate (as defined below) begins at the time the Client’s first deposit settled in their Wealthsimple Portfolio account (a “Wealthsimple Portfolio”) or Wealthsimple Managed Investing account excluding Wealthsimple Venture Fund, Wealthsimple Private Credit Fund, Wealthsimple Private Equity Fund, and Wealthsimple for Business account (a “Managed Investing Portfolio”, together with Wealthsimple Portfolio, the “Promotion Account”) during the Promotion Period and ends three hundred and sixty-five (365) days after at 11:59pm ET (the “Rebate Period”).

Eligibility. To be eligible for the Promotion and to receive a Rebate, the person must:

• be invited to participate in the Promotion;
• be a new or existing Wealthsimple client who never previously opened a Wealthsimple Portfolio or Managed Investing account, with all existing Wealthsimple accounts in good standing at the time of participation and when a Rebate is issued;
• be a legal resident of Canada at the time of participation and when a Rebate is 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”).

Qualifying Action. Eligible Clients who are invited to participate in the Promotion must open and fund at least CAD$1 to a Promotion Account during the Promotion Period (a “Qualifying Action”). Funds must be received by Wealthsimple within the Promotion Period to qualify as a Qualifying Action. 

There are no fees associated with the creation of a Promotion Account. A Client can open a Promotion 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 automated trading and rebalancing fee in the case of Wealthsimple Portfolio and the rebate of the management fee in the case of Managed Investing Portfolio (each, a “Rebate”, together, “Rebates”) ranges from 0.2% to 0.5% depending on the Client’s asset under management with Wealthsimple (“AUM”): 

The automated trading and rebalancing fee and/or management fee (each, a “Fee”) is quoted annually, calculated daily, and applied within three (3) business days of the following month. Maximum one (1) Rebate per Client per eligible Promotion Account. The Rebates are calculated daily based on the balance of the applicable Promotion Accounts.

Clients are responsible for any other fees associated with a Promotion Account including, but not limited to, operating expenses and management expense ratio fees charged by third parties. For the fee schedule related to Wealthsimple Portfolio, please visit wsim.co/fee-schedule. For the fee schedule related to Managed Investing Portfolio, please visit wsim.co/invest-fee. 

Application of Rebate. Please allow up to five (5) business days following the charge of the Fee(s), as applicable for the Rebate to be applied to the Client’s respective Promotion Account(s) in accordance with these terms and conditions.  All Wealthsimple account(s) must be in good standing during the Rebate Period. If the Client has more than one (1) Promotion Account at the time the Rebate is applied, the Rebate will be applied to the same Promotion Account that was opened and funded during the Promotion Period. For greater certainty, a Rebate will only be issued on a Promotion 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.

No Recommendation. Wealthsimple Self-directed Investing does not provide investment advice and does not hereby recommend any security, crypto or transaction. There is no requirement that you purchase any security or asset with the Rebate.

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.

Wealthsimple Portfolio Account is offered by 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. 

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, WSII. WSII is a member of CIRO. Customer accounts held at WSII are protected by 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.