Wealthsimple 2025 Apple AirPods Referral Promotion (the “Promotion”)This Promotion is sponsored by Wealthsimple Technologies Inc. (together with its affiliates  “Wealthsimple”). 

Referrer Eligibility. To be eligible for the Promotion, the person must, at the time of participation, including when the Reward is awarded:

• be an existing Wealthsimple Self-directed Investing, Managed Investing, Crypto, chequing, Tax, or Mortgage account (each a “Wealthsimple Account”) user, with all Wealthsimple accounts in good standing;
• be a legal resident of Canada;
• be the age of majority, or older, in their province/territory of residence; and
• meet the requirements set out below

(the “Referrer” or “Client”).

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; 
• not have previously registered for or created a Wealthsimple Account;
• meet the requirements for registering a Wealthsimple Account; and
• meet the referral requirements set out below

(the “Referee”).

Promotion Period. The period to which individuals can register for the Promotion starts on May 15, 2025 at 12:01AM ET and ends on July 2, 2025, 2025 at 11:59PM ET (the “Promotion Period”).Funding Period. The funding period begins at the time of the Referee’s entry of the Referrer’s promo code to their Wealthsimple Account during the Promotion Period and ends thirty (30) days after at 11:59pm ET (the “Funding Period”).

Qualifying Action. To participate in the Promotion, eligible Referrers must successfully refer at least three (3) Referees during the Promotion Period. A referral is only considered successful if the Referee performs the following (each, a “Qualifying Referral”): 

(i) have an opened and non-fundedWealthsimple Account during the Promotion Period, and

(ii) perform one of the following as applicable to them:

1. for Referee with a non-funded Wealthsimple Account, enter the Referrer’s promo code during the Promotion Period, then within thirty (30) days, initiate deposit(s) from a third-party financial institution, institutional transfer(s), or crypto transfer(s) from their existing investment account at a Canadian investment institution other than Wealthsimple, totaling $25,000 or more in Net Funding Amount (as defined below) (“Qualifying Funding”) into their Wealthsimple Account during the Funding Period; or
2. for Referee who funded the Qualifying Funding into their Wealthsimple Account during the Promotion Period without entering the Referrer’s promo code, to enter the Referrer’s promo code within seven (7) days of funding.

The Net Funding Amount is the cumulative transfers and deposits amount into the Referee’s Wealthsimple Account less withdrawals and any margin debit balances during the Funding Period (“Net Funding Amount”). Funds must be received by Wealthsimple within ninety (90) days of the end of the Funding Period to be considered a Qualifying Funding. For greater certainty, transfers from entities affiliated with Wealthsimple, transfers between the Referee’s Wealthsimple accounts, transfers between Client’s and Referee’s Wealthsimple accounts, and Wealthsimple for Business Group Plan transfers and deposits will not be considered a Qualifying Funding.

In the event multiple referral codes were used by a Referee, only the first referral code used will be considered as a Qualifying Referral.

There are no fees associated with the creation of a Wealthsimple Account. An individual 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.

Reward. The reward (“Reward”) is based on the number of successful Qualifying Referrals the Referrer makes in accordance with the chart below:

Other specifications of the Reward not noted in these terms are subject to availability. Wealthsimple reserves the right to substitute the specifications of the Reward if the Client’s preferred specifications are not available. Wealthsimple is not responsible for any costs associated with using the Reward. The Reward remains subject to change, at our sole discretion. Wealthsimple reserves the right, for any reason and in its sole discretion, to substitute and/or modify the Reward with another prize that is of equal or greater value. Limit of one (1) Reward per Client. 

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 Funding 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 Amount, disqualify the Client from participating this Promotion and to take any other action it deems appropriate including, but not limited to, removing the Reward retail value from the Wealthsimple account(s), or closing their Wealthsimple account(s). For greater certainty, transfers made between Client’s Wealthsimple account will not affect the Net Funding Amount.

The Reward is non-transferable, non-exchangeable, non-refundable, and if the Reward is not a cash bonus, it has no cash surrender value. 

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

Delivery of Reward. Depending on the number of Qualifying Referrals, eligible Clients will be able to select their Reward, including the specification of the Reward, preference selection (if any) and mailing address, within 7 business days after the end of the Promotion Period, or when the Referees’ Net Funding Amount are received by Wealthsimple, whichever is later (“Selection Window”). In the case of cash bonus, the Selection Window will be available for selection starting May 22, 2025. Once the Reward and specification are selected, they cannot be changed. If the Client fails to select their Reward within the Selection Window, the Reward will be considered forfeited and no Reward will be sent to the Client. Any unclaimed Reward, unresponsive communication, or Reward forfeiture will not be rewarded and has no cash value.

 

If the Client chooses a non-cash bonus Reward, subject to availability from the Reward provider, the non-cash bonus Reward will be sent to the Client within thirty (30) business days of Client’s Reward selection. The non-cash bonus Reward will be sent to the Client via postal mail. The mailing address must be a Canadian mailing address and cannot be a P.O. box address. The Client may incur shipping costs where the delivery location is outside of major metropolitan areas. No responsibility is assumed by Wealthsimple once the Reward has been shipped. No responsibility is assumed for any delivery returned as undeliverable. Client(s) bears all risks to the Reward upon delivery. 

If the Client selected a cash bonus as their Reward, the Client must have a Wealthsimple chequing account ("Chequing Account") that is in good standing. Clients who do not have a Chequing Account by the time the cash bonus is issued will have thirty (30) days upon the first Chequing Account opening requirement notification to open a Chequing Account. Cash bonus not applied to a Chequing Account will expire after thirty (30) days of issuance and any expired cash bonus will be considered forfeited by the Client. Wealthsimple is not liable for any forfeited cash bonus and any forfeiture or alternative Reward will not be reissued.

The cash bonus will be applied as a one-time payment to the Client's Chequing Account which the Client’s prepaid Mastercard is linked to within one (1) day from the end of the Funding Period or after the full Net Funding Amount has settled in the Client's Wealthsimple account(s), whichever comes later. 

All Wealthsimple account(s) must be in good standing at the time the Reward is awarded. 

Hold Period. In order for the Referrer who receive a Reward, their Referees may not spend or otherwise remove more than 5% of the minimum cumulative Net Funding Amount from the Referee’s Wealthsimple account(s) (“Withdrawal Limit”) for 365 days after the end of the Funding Period. If a Referee goes over the Withdrawal Limit which results in the number of Qualifying Referrals to fall below the minimum referrals required to obtain the Referrer’s applicable Reward, the Reward retail value as stated in these Terms & Conditions may be deducted from their final withdrawal amount or otherwise recovered by Wealthsimple. Transfers between the Referee’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, and withdrawals from a Multiple Holder Account by the secondary account holder will be counted towards the Withdrawal Limit.Tax Implications. There are tax implications to bonuses and 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 to report Reward 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 Referral Promotion, Wealthsimple x Pine Mortgage Cash Back Offer, Boosted Referral Promotion, Direct Deposit Incentive, Wealthsimple Chequing Direct Deposit Incentive Promotion, and Wealthsimple 2025 Apple AirPods Promotion.

If the Referrer has previously registered for a non-combinable promotion and subsequently participates in this Promotion, all referrals eligible for this Promotion will count towards this Promotion and not the previously registered non-combinable promotion(s).

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

Collection and Use of Personal Information. By participating in this Promotion, Referrers understand and agree that Wealthsimple will collect and use their personal information for the purpose of administering this Promotion (including providing information to Reward provider or mail provider) 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 Reward provider or mail provider, please contact the Reward provider or mail provider for more information.Release. By participating in the Promotion, Referrer 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, Referrer 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 Referrer 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 Referrer’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 Reward should be directed to the Reward provider and not Wealthsimple and without limiting the generality of the foregoing, the Referrer releases the Releases from all Claims and liabilities with respect to any and all Reward.Referral Arrangement Disclosure. During the Promotion, participants are effectively entering into a referral arrangement with Wealthsimple, whereby Wealthsimple will apply a Bonus into a Wealthsimple account in accordance with these terms and conditions.  The names of each party entering this agreement are disclosed on the application at the time of the referral. We have adopted policies and procedures to assist us to identify and control any conflict of interest that we may face. If a referral is made to a registrant, all activity requiring registration resulting from the referral arrangement will be provided.Apple. Apple, the Apple logo, AirPods, AirPods Max, and AirPods Pro are trademarks of Apple Inc., registered in the U.S. and other countries and regions.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, 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 retail value from the Referrer’s Wealthsimple account(s) 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.