Wealthsimple Summer Margin Match 2025 (Registration Closed)

Summer Margin Match (Registration Closed)

Last updated October 16, 2025

Contents

General

How do I qualify for this offer?

Whether you're a new or existing client, here are the steps you need to take:

First, register for the offer through one of the following:

  • A notification inviting you from your Wealthsimple app
  • In your Wealthsimple reward centre 🎁 on the iOS, Android app or the web
  • An advertisement inviting you to register
  • Via wealthsimple.com/get-in-touch/summer-match
  • An invitation from a Wealthsimple Business Development Representative or Advisor

Then, complete one of the following actions within 30 days of registering (your qualification period):

Match bonus

  • After registering for the offer, make account transfers totalling $25,000 or more into your Self-directed Investing, Managed Investing, or Crypto account(s) within 30 days of registration. Cash deposits are not eligible.
  • If you qualify, you'll receive a 1% match on eligible account types paid in monthly installments.
  • If you transfer a non-registered account with a margin debit balance of at least $10,000 that was created before August 5, 2025, you'll receive a 2% match on the assets in the account.

During the transfer process, we may request account statements to verify your margin balance as of August 4, 2025.

Margin interest rebate

  • After registering for the offer, open a new margin-enabled account using these instructions, OR enable margin on an existing non-registered account using these instructions
  • If you qualify, you'll receive 0% interest on up to $10k of margin debit balance for 1 month after account funding, reimbursed on October 5, 2025 or 1 month after the margin account is funded, whichever is later.

How do I confirm that I've registered? And how do I track my progress?

Open the Wealthsimple app, tap the 🎁 in the top right corner, and you'll see your current offers and registration status.

When you register, you will also receive either an email to the email address associated with your Wealthsimple profile and/or a card in the Reward Center confirming your participation in the offer.

Note that pending transfers, direct deposits, and successful referrals may take up to 24 hours to appear in the app.

Can I combine this offer with other Wealthsimple offers?

No, this offer can't be combined with other offers or promotion codes other than the Wealthsimple X Pine Home Giveaway, Wealthsimple Referral Promotion, Wealthsimple x Pine Mortgage Cash Back Offer, Direct Deposit Incentive, Super Boost Referral Promotion, Wealthsimple Referral Ladder Challenge, and Wealthsimple Cash Direct Deposit Incentive Promotion.

And just to be totally clear, the same net deposits can't count toward two separate promotions.

You can continue receiving benefits from past promotions when you register for the Summer Margin Match, as long as you maintain your hold amount for each one. If you've registered for a separate promotion recently (and are currently in that Qualification Period), enrolling in this promotion may end your participation in that promotion.

What is a margin account, and where can I learn more about them?

Trading or borrowing with margin involves borrowing money from a broker to allow you to buy more of a particular asset (stocks, bonds, etc.) than you could have on your own. You pay interest on the loan, but your gains are amplified and all yours. The opposite is true, too, though: your potential losses are amplified as well.

To learn more, read on here:

• What is Margin?
• Margin Terminology
• Margin Users Guide

To learn how to transfer a margin account, read on here.

Match Bonus

Is there a minimum funding amount to qualify for a match bonus?

There is a minimum of $25,000 to qualify for a bonus. It means that the sum of all of your incoming transfers minus withdrawals (and transferred debit balance) during the 30-day window needs to be $25,000 or more.

How do you calculate my net funding amount?

Your net funding amount is the sum of how much you've transferred in, minus your net withdrawals across all your Wealthsimple accounts during your qualification period. You'll be able to view your qualifying transfers in the app, and we'll send you a recap at the end of your qualification period, too.

During your funding window, we'll separate any funding into four categories.

1. Institutional Transfers in
• An account transfer to Wealthsimple, such as moving an existing non-registered account from your former financial institution

2. Institutional Transfers out
• An account transfer out of Wealthsimple

3. Deposits
• A cash deposit into Wealthsimple, including direct deposit, and e-transfers

4. Withdrawals
• A cash withdrawal from Wealthsimple, including spending, or sending cash to another financial institution.

Your net funding amount will first be based on the sum of your institutional transfers.

If you make withdrawals or Institutional transfers out before or during the qualification period, the amount may reduce your net funding amount unless you've made deposits greater than or equal to the size of the withdrawals or transfers out during the qualification period. Should this happen, any reduction in your net funding amount because of withdrawals will impact the dollar amounts matched at 1% first, then the ones matched at 2%.

In the case of joint accounts, only accounts where you're the primary account holder are included. If you have joint accounts or Householding, you may see a different Net Deposit value in-app than the one used to calculate the net funding amount.

How's the bonus calculated?

You can use the Bonus Calculator to estimate your total bonus for each transfer.

The bonus is the sum of 2% of any successful non-registered account with a net margin loan value of at least $10,000 margin, plus 1% of other institutional transfers. See below for more examples.

If you transfer a non-registered account with a margin debit balance of less than $10,000, the bonus will be calculated at 1%.

EXAMPLE
Say that after registering, you successfully transfer an account made up of:

A non-registered margin account with:
• $100,000 net equity value invested in stocks
• $50,000 of margin debit balance invested in stocks

An RRSP with:
• $20,000 invested in stocks

In your non-registered account, your total priced assets are $150,000, with $50,000 borrowed. Therefore, your match amount will be calculated as $100,000 * 2%.

In your RRSP, your match amount will be calculated as $20,000 * 1%.

Therefore, your total match bonus would be ($100,000 * 2%) + ($20,000 * 1%) or $2,200, or $183.33 paid monthly for 12 months.

If you have deposits or direct deposits during the qualification period into your chequing account, these funds will be available to spend before impacting your qualifying amount.

The Completed Funding amounts are based on when Wealthsimple receives the funds, not upon notification of Transfer completion. Different positions related to the same transfer may be completed on different days.

If you transfer USD assets or cash, the value of the transferred assets will be calculated using the exchange rate when the transfer is processed by Wealthsimple, not at the time of Transfer completion. Bonuses will only be paid in Canadian dollars into a Wealthsimple chequing account. If you do not have a chequing account, we will prompt you to open one. If you do not open a chequing account within 90 days, any of the bonuses issued will be forfeited.

Where a Qualifying Transfer is made "in-kind", the Match Bonus will be calculated based on the market value of the stocks & ETFs included in the transfer as of the date to which Wealthsimple receives the Qualifying Transfer, which may be different than the date you are notified that the transfer is complete in entirety.

Does withdrawing and then re-depositing funds count?

No.

If you make large withdrawals from your Wealthsimple account before registering for the promotion, these withdrawals may be included in the calculation of your bonus.

If we suspect an attempt to game the system or fraudulent behaviour, we reserve the right to stop payments, remove you from the promotion and/or close your Wealthsimple account.

What if I want to transfer to a Joint Account?

In the case of Joint Accounts (i.e. accounts where there is a primary and secondary account holder), transfers will only count toward the eligibility of the primary account holder (the client who first opened the account). If a secondary account holder transfers into an account in which they are not the primary account holder, those transfers will count towards the primary account holder's eligibility.

If you make transfers to a joint account or a Spousal RRSP, the primary account holder must be registered to receive the bonus but both account holders will be able to transfer and deposit into the account, and the sum of both will be counted as the qualifying funding amount for the primary account holder.

Do transfers need to be completed within 30 days of registering?

No.

Transfers must be initiated within 30 days of registering and be received by Wealthsimple within 90 days of your qualification period ending. Depending on the original institution, account transfer times vary; see here for estimates.

Transfers initiated before or after the 30-day funding window will not be eligible.

When do I get the bonus?

The bonus will be applied as twelve (12) equal monthly payments to your Wealthsimple Chequing account(s) beginning after Wealthsimple receives all qualifying funding and within sixty (60) days of Wealthsimple receiving the Net Funding Amount in full.

To receive the bonus, clients must have a CAD Wealthsimple chequing account for which they are the sole or Primary owner (if Joint) and all accounts must be in good standing.

Is there a maximum I can earn?

The maximum qualifying funding for this promotion is $2,000,000, which means that the maximum bonus would be $40,000 ($2,000,000 * 2%) if your whole transfer was from a non-registered account with a margin debit balance greater than $10,000.

Should you go over the limit, we'll prioritize your non-registered funds in our match calculations.

EXAMPLE
Let's say after registering, you successfully transfer an account made up of:

A non-registered margin account with:
• $2,000,000 net account value invested in ETFs
• $50,000 of margin debit balance

An RRSP with:
• $2,000,000 invested in ETFs

In this case, although your total funding during the period is $4,000,000, your qualifying amount would be $2,000,000, and it would be matched at 2%.

Does the bonus count toward my annual contributions?

There are tax implications to bonuses and rebates of this nature in most instances. Please consult with an accountant or tax professional for additional guidance.

The bonus will be applied to your chequing account, so it won't count towards your contribution room. Tax implications may apply if you transfer the bonus to a registered account or withdraw the bonus, depending on the account. We suggest you reach out to your personal tax advisor if you have any questions related to tax.

Wealthsimple will not be issuing clients a tax slip to report bonuses paid. Clients are solely responsible for any required tax reporting.

How will transferring a margin account affect my net funding amount?

When you transfer a non-registered account that carries a margin debit balance, that debit balance will be deducted from the total transfer value, while any priced assets included in the transfer may be included in your net funding amount. In other words, the value included in your net funding amount for a margin account transfer will be assets minus margin debit.

To learn more about using margin, see our guide here.

Can I "household" or pool transfers together?

No.

Transfers into any joint account or Spousal RRSP will only count toward the eligibility of the primary account holder (the client who first opened the account). If a secondary account holder deposits into an account in which they are not the primary account holder, those deposits or transfers would count towards the primary account holder's eligibility.

If you make transfers to a joint account or a Spousal RRSP, the primary account holder must be registered to receive the bonus.

Do I have to pay transfer fees for institutional transfers?

Wealthsimple does not charge any fees to transfer assets. However, your other financial institution may charge you an administrative transfer fee when moving your assets. If your account transfer meets the threshold for reimbursement, any transfer fees will be automatically refunded within 1–2 business days after the transfer is completed. Learn more about our transfer fee reimbursement policy here.

What happens to my bonus payments if I withdraw on margin?

To withdraw on margin, you must have margin available to borrow against. This feature allows you to access cash without selling your investments and triggering capital gains or losses.

If you make a withdrawal via your margin account, it will not be included in your withdrawal limit requirement to continue receiving bonus payments. You'll be charged interest on the borrowed funds as usual.

What happens to my bonus payments if I have a margin call?

Your bonus payments are impacted by exceeding the maximum withdrawable amount during the hold period, as explained below.

Match Bonus Hold Period

How long do my transfers have to stay in my Wealthsimple accounts?

The hold period is 1 year (365 days) after the end of your promotion period.

For greater flexibility, you can withdraw up to 10% of your qualifying funding before any bonuses are reduced. Any withdrawal of funds held before participating in the promotion will also count towards this limit. You can find this amount in your reward centre at any time during the hold period.

If you need to make a withdrawal beyond this, we will only reduce future payments by the proportion of money taken out.

How do pro-rated bonuses work?

We will only reduce your monthly payouts in proportion to any money moved out of Wealthsimple.

If you need to withdraw 50% of the net funding amount, we will reduce future monthly payouts on a pro-rata basis, starting by deducting the amount from the lowest applicable match percentage. And you can keep any previous payouts made, no clawback.

We will also grant you the 10% buffer where the payouts are not reduced.

Should you fall below that Net Funding amount, we will send you a warning email, and if your required balance is not restored by your next payment date, your future payments will be prorated based on the amount still held in your Wealthsimple accounts. Should your payments be prorated and you fund your Wealthsimple accounts back to the original qualifying amount, your bonus payments will not return to their original value.

EXAMPLE
If your starting net deposits before the campaign were $50,000, and your qualifying amount was a $100,000 RRSP transfer, your required amount to hold will be $150,000, and your monthly bonuses would be $83.33 ($100,000 * 1% / 12 months).

During the hold, you'll be able to withdraw up to $10,000 (10% of $100,000) without forfeiting future bonuses. If you withdraw $20,000 (20% of the qualifying amount) and don't replenish your balance before the next bonus payment date, your future bonuses will be based on $80,000 of qualifying funding and reduced to $66.67 ($80,000 * 1% / 12 months).

Any bonuses that are missed while your balance is insufficient will not be given again. If we suspect fraudulent behaviour, we reserve the right to recover the bonuses previously paid to you.

What if I qualified for both a 1% and 2% match, but exceeded my withdrawal limit?

Should you go over the withdrawable amount limit, we will reduce your total bonus proportionally to the amount withdrawn.

EXAMPLE
Say that after registering, you successfully transfer an account made up of:

A non-registered margin account with:
• $100,000 net equity value invested in stocks
• $50,000 of margin debit balance invested in stocks

An RRSP with:
• $20,000 invested in stocks

Your total match bonus would be ($100,000 * 2%) + ($20,000 * 1%) or $2,200, or $183.33 paid monthly for 12 months. Your maximum withdrawable amount would be ($120,000 * 10%) or $12,000 before your bonus payments are reduced.

If you withdraw $30,000 and do not redeposit before your next payment date, your qualifying amount will be 75% of the original amount. In this case, your total bonus would be reduced to $1,650 ($2,200 * 75%) and any future monthly bonuses to $137.50 ($1,650 / 12).

Margin Interest Rebate

How do I qualify for the Margin Interest Rebate?

To qualify for the margin interest rebate, follow these steps:

1. Register for the Summer Margin Match promo
2. If you don't have a margin account yet, do one of the following:
    a. Open a new non-registered margin account OR
    b. Enable margin on an existing non-registered account
3. Take on a margin loan for the first time. Your debit balance before registering must be $0 to qualify

Once you start using your margin account, you're charged interest on the amount borrowed (margin used). If you've successfully followed the steps above, you'll be reimbursed for the interest charged on $10,000 of that Margin amount used.

Do I need to transfer to get the Margin Interest Rebate?

No. To qualify for the rebate, you only need to open, fund and use your margin account for the first time after registering.

How long does the margin rebate last?

To calculate your reimbursement, we'll consider the fees charged in the first 30 days of when you start incurring interest fees.

When will the Margin rebate be paid?

If you qualify, the reimbursement will be paid within five days after the first 30 days described above.

 

Terms and Conditions

Summer Margin Match (the "Promotion")

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

Promotion Period. From August 6, 2025 at 12:01AM ET to October 15, 2025 at 11:59PM ET (the "Promotion Period").

Qualification Period. The qualification period begins at 12:01am ET on the day of the Client's first registration of the Promotion during the Promotion Period and ends thirty (30) days after at 11:59pm ET (the "Qualification Period").

Eligibility. To be eligible for the Promotion, the person must, at the time of participation, including when any Match Bonus (as defined below) or Rebate (as defined below) are awarded:

  • be new or existing 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 "Client").

Incentives. To qualify for any Match Bonus (as defined below) or Rebate (as defined below), eligible Clients must: (i) first register for the Promotion during the Promotion Period, then (ii) complete the qualifying action for the applicable incentive during the Qualification Period.

Match Bonus

Match Bonus. The cash bonuses (the "Match Bonus") will be calculated based on the cumulative account transfer amounts received into a Wealthsimple Account, up to a maximum of $2,000,000, less withdrawals and any transferred margin debit balances during the Qualification Period (the "Net Funding Amount"). On Qualifying Transfers (as defined below), a cash bonus of 1% calculated based on the market value of the Net Funding Amount will be applied. On Qualifying Transfers from qualified Margin accounts, with an existing Margin debit balance of at least $10,000, a cash bonus of 2% is calculated based on the market value of the Net Funding Amount from those qualified Margin account transfers (the "Margin Match Bonus", together with Match Bonus, the "Bonuses"). The market value of the Net Funding Amount is calculated as of the date to which Wealthsimple receives a Qualifying Transfer, net of any applicable fees, including but not limited to, transfer fees and foreign exchange fees. Where a Qualifying Transfer 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 Transfer. All Bonuses will be paid in Canadian currency.

Qualifying Transfer for Bonuses. To participate in the Match Bonus or Margin Match Bonus, eligible Clients must initiate a qualified institutional transfer(s), margin transfer(s) or crypto transfer(s) totalling $25,000 or more from their existing investment account(s) at a Canadian investment institution other than Wealthsimple to a Wealthsimple Account during the Qualification Period (a "Qualifying Transfer"). Qualifying Transfers may consist of multiple transfers so long as the total meets the $25,000 minimum requirement. Transfer(s) must be initiated within thirty (30) days of registering for the promotion. For greater certainty, the value of the transaction is taken from the date in which the transfer completes into the Wealthsimple account. Funds must be received by Wealthsimple within ninety (90) days of the end of the Qualification Period to be considered as a Qualifying Transfer for the Match Bonus or Margin Match Bonus. For greater certainty, deposits into the Client's Wealthsimple accounts, 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 Transfer.

Qualifying RESP Transfer for Bonuses Exception. Eligible Clients who initiate a qualified institutional transfer(s) of an RESP of any amount from their existing investment account(s) at a Canadian investment institution other than Wealthsimple to a Wealthsimple RESP Account during the Qualification Period (a “Qualifying RESP Transfer”). On Qualifying RESP Transfers, a cash bonus of 1% calculated based on the market value of the Net Funding Amount will be applied. Transfer(s) must be initiated within thirty (30) days of registering for the promotion. For greater certainty, the value of the transaction is taken from the date in which the transfer completes into the Wealthsimple account. Funds must be received by Wealthsimple within ninety (90) days of the end of the Qualification Period to be considered as a Qualifying RESP Transfer for the 1% Match Bonus. For greater certainty, deposits into the Client’s Wealthsimple accounts, 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 Transfer.

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 the Bonus. Registrations by a secondary account holder in their capacity as a secondary account holder for a Multiple Holder Account are not considered valid registrations for the purpose of this Promotion. When the primary account holder is registered for the Promotion, any transfers, deposits, or withdrawals to and from the Wealthsimple Account made by the primary or the secondary account holder will count towards the calculation of the Net Funding Amount 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 any Match Bonus.

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.

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

The Bonus will be applied as twelve (12) equal monthly payments to the Client's Wealthsimple account(s) within sixty (60) days after the full Net Funding Amount has settled in the Client's Wealthsimple account(s). Once the first Bonus payment is applied, the remaining 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 Bonus is applied. The Bonuses are non-transferrable, and cannot be applied retroactively. The Bonus remains subject to change, at Wealthsimple's sole discretion.

Hold Period for Bonuses. Unless specified herein, Clients who receive a Bonus may not spend or otherwise remove: (i) the cumulative balance of the Client's Wealthsimple account(s) as at the start date of the Qualification Period, and (ii) more than 10% of the cumulative Net Funding Amount (together, the "Withdrawal Limit") for three hundred and sixty-five (365) days after the end of the Qualification Period.

If a Client goes over the Withdrawal Limit, and is unable to replenish the required balance before the next Bonus payment, subsequent Bonus payments will be adjusted in accordance with the withdrawal amount proportionate to the Net Funding Account. Any ceased or missed 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 Bonus payments. 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 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.

Margin Interest Rebate

Margin Interest Rebate. New or existing Wealthsimple Self-directed Investing account (a "Self-directed Investing Account") clients who do not previously have a Wealthsimple margin account or has never incurred a debit balance in their existing Wealthsimple margin account and complete a Qualifying Action (as defined below) during the Promotion Period will be eligible to receive a rebate of the interest rate charged on up to $10,000 of margin debit balance for a period of thirty (30) days (the "Rebate").

Qualifying Action for the Rebate. Eligible new or existing Self-directed Investing clients must open a new margin account or enable margin on an existing Self-directed Investing Account, and start using their available margin debit balance for the first time during the Promotion Period (a "Qualifying Action").

Maximum one (1) Rebate per Self-directed Investing Account.

This Rebate is non-transferrable, and cannot be applied retroactively. The Rebate remains subject to change, at Wealthsimple's sole discretion.

Application of the Rebate. The Rebate will be applied after thirty (30) days of the Client's first incurrence of a debit balance in their margin account. Please allow up to five (5) business days following the end of the month, for the Rebate to be applied to the Client's respective Self-directed Investing 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 Self-directed Investing Account at the time the Rebate is applied, the Rebate will be applied to the same Self-directed Investing Account that has completed a Qualifying Action within the Promotion Period.

If the Client makes withdrawals prior to the Qualification Period, regardless of whether part or all of those withdrawals are subsequently deposited back for the purpose of benefiting from this Promotion, or if Wealthsimple, as determined at its sole discretion, suspects fraudulent behaviour or gaming the system. 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 awarded Bonuses 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.

Tax Implications. There are tax implications to bonuses and rebates 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 any Bonuses paid to a chequing account. 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 X Pine Home Giveaway, Wealthsimple Referral Promotion, Wealthsimple x Pine Mortgage Cash Back Offer, Direct Deposit Incentive, Super Boost Referral Promotion, Wealthsimple Referral Ladder Challenge, and Wealthsimple Cash Direct Deposit Incentive Promotion.

If a 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 receiving a commitment letter pursuant to 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.

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 Bonus and Rebate in their Wealthsimple account and subsequent use of the Bonus and/or 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 Bonus 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 promotion.

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.

Self-directed Investing is offered by Wealthsimple Investments Inc. ("WSII"). WSII is a member of the Canadian Investment Regulatory Organization. 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, 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.

Crypto is offered by Wealthsimple Investments Inc. ("WSII"), a member of the Canadian Investment Regulatory Organization ("CIRO"). Crypto assets purchased and held in an account with Wealthsimple Crypto are not protected by the Canadian Investor Protection Fund, the Canadian Deposit Insurance Corporation or any other investor protection insurance scheme. You can learn more about the risks of crypto assets in our Crypto Product Risk Disclosure. You can find more information about WSII in our Relationship Disclosure. Any coins showcased are for illustration purposes only and are not recommendations or investment advice.

Our chequing product is offered by Wealthsimple Investments Inc. ("WSII"), a member of the Canadian Investment Regulatory Organization, and Wealthsimple Payments Inc., a Financial Transactions and Reports Analysis Centre of Canada registered money services business. The funds added to chequing account(s) (the "Funds") are ultimately held securely in trust in the name of the primary account holder with a single or multiple members of the Canada Deposit Insurance Corporation ("CDIC"). CDIC protects eligible deposits held at CDIC member institutions in case of a member institution's failure. Wealthsimple Payments Inc. and WSII are not CDIC member institutions. Under the trust framework, CDIC insures eligible cash balances up to $100,000 per beneficiary, per member institution, provided certain disclosure rules are met. Coverage is free and automatic. Learn more about how CDIC protection works. Funds must be spread across at least 10 CDIC member institutions in order for up to $1,000,000 in deposits to benefit from applicable CDIC coverage. The advertised interest rate for the chequing account is derived from interest earned by Wealthsimple on the funds. The Funds are settled with any CDIC member(s) one business day following the date that Funds are reflected in the account.

The Wealthsimple Mastercard® Prepaid card (the "Card") is issued by KOHO Financial Inc. pursuant to license by Mastercard International Incorporated. All terms applicable to the Card and all applicable fees and transaction limits with respect to the Card and the services may be found in the Wealthsimple Cardholder Agreement between you and KOHO Financial Inc.. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

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