Terms & Conditions

Wealthsimple Gold Comeback Offer (the “Offer”)

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

Offer Effective Date. The Offer is effective starting April 11, 2025 (the “Offer Effective Date”).

Eligibility. To be eligible for the Offer, the person must either:

• be a new or existing Wealthsimple Self-directed Investing, Managed Investing, Crypto, Save, or Cash account (each a “Wealthsimple Account”) 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; 
• be the original recipient of the invitation from Wealthsimple to participate in this Promotion; and
• meet the requirements set out below.

(a “ Client”).

Offer Period. The offer period begins on the date of the Client’s recipient of the invitation of the Offer and ends fifteen (15) days after (the “Offer Period”).

Qualifying Action. To participate in the Offer, eligible Client must: (i) open a Wealthsimple Account if the Client do not have one at the time of participation, then (ii) initiate a deposit(s), qualified institutional transfer(s), or crypto transfer(s) totaling $2,000 or more from their existing investment account at a Canadian investment institution other than Wealthsimple to a Wealthsimple Account during the Offer Period (“Qualifying Funding”). Please refer to https://wsim.co/transfer-account for more details on account transfer types. For greater certainty, transfers from entities affiliated with Wealthsimple, transfers between the Client’s Wealthsimple accounts, and Wealthsimple for Business Group Plan transfers and deposits will not be considered a Qualifying Funding. Funds must be received by Wealthsimple within ninety (90) days of the end of the Offer Period to be considered as a Qualifying Funding.

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, the primary account holder is deemed the Client for the Offer and  any transfers, deposits or withdrawals to and 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. Any Bonus applied per these terms and conditions would be towards the primary account holder. For greater certainty, the secondary account holder will not be eligible for a Bonus. 

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

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 first transfer-out fee per account from an institution if the Client’s Qualifying Funding 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 for further details.

Bonus. The cash bonus of CAD$100 (the “Bonus”) will be available upon the Qualifying Funding less withdrawals during the Offer Period (the “Net Funding Amount”) meeting the $2,000 threshold. 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 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 Bonuses will be paid in Canadian currency.

Hold Period. Unless specified herein, Clients who receive a Bonus may not spend or otherwise remove funds more than the equivalent of 5% of (i) any cumulative balance of the Client’s Wealthsimple account(s) as at the start date of the Offer Period, and (ii) the cumulative Net Funding Amount of their Wealthsimple account(s) (“Withdrawal Limit”) for three hundred and sixty-five (365) days after the full Net Funding  Amount has settled in the Client’s Wealthsimple account(s). If a Client goes over the Withdrawal Limit, Wealthsimple, at its sole discretion, may also deduct the applied Bonus from the Wealthsimple Account, from the final withdrawal amount, or otherwise be recovered by Wealthsimple. Any missed Bonus or ceased will be considered forfeited and will not be awarded. Transfers between the Client’s own Wealthsimple account(s), withdrawals from the Home Buyers’ Plan or First Home Savings Account for the purpose of purchasing a home, annual mandatory minimum withdrawals from Life Income Fund or Registered Retirement Income Fund, and/or negative fluctuations in the Net Funding Amount solely due to market conditions are not be counted towards the Withdrawal Limit. Withdrawals on any profits, dividends, interests or benefits otherwise derived from the Net Funding Amount will be counted towards the Withdrawal Limit.

Application of Bonus. In order to receive the 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 Bonus is issued will have ninety (90) days upon the first Cash account opening requirement notification to open a Cash account. Any Bonus not applied to a Cash account will expire after ninety (90) days of issuance and any expired Bonus will be considered forfeited by the Client. Wealthsimple is not liable for any forfeited Bonus and any forfeiture will not be reissued. 

The Bonus will be applied as one (1) payments to the Client’s Cash account that is associated with the Cash card within sixty (60) days after the full Net Funding Amount has settled in the Client’s Wealthsimple account(s). 

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 Bonuses paid. Clients are solely responsible for any required tax reporting.

Limit one (1) Bonus per Client. This Bonus is non-transferrable, and cannot be applied retroactively. The Bonus 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, and Direct Deposit Incentive.

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

If, after registering for this Offer, 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.

Release. By participating in the Offer, Client assumes all risk of injury, illness, disease, death, or any other damage that may arise in connection with their participation in the Offer. 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 Client may suffer as a result of, or in connection with the participation in the Offer 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 Offer.

General. Wealthsimple reserves the right to cancel, amend, withdraw or restrict this Offer at any time without notice. Wealthsimple is the sole arbiter of these rules and any other issue arising under this Offer. If Wealthsimple suspects fraudulent or abusive behaviour, gaming of the system or a violation of these terms, Wealthsimple reserves the right to remove all offers and promotions from your Wealthsimple account(s) and take any other action it deems appropriate including, but not limited to, removing the Bonus, or closing your Wealthsimple account(s). This Offer cannot be used in conjunction with any other promotional offer, unless specified herein. An invitation to participate in this Offer 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 who 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.

In the event of any discrepancy or inconsistency between the terms and conditions of the Offer 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 Offer shall prevail, govern and control.