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Terms and Conditions

Mutual Fund Match Promotion (the “Promotion”)

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

Promotion Period. From October 23, 2025 at 12:01AM ET to December 31, 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) is awarded:

• be new or existing Wealthsimple Wealth Management account (each a “Wealthsimple Wealth Management Account”) user, with all Wealthsimple Wealth Management accounts in good standing;
• qualify for and agree to the terms of service for Wealthsimple Wealth Management;
• 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), eligible Clients must: (i) first register for the Promotion during the Promotion Period with a Wealthsimple Advisor, Financial Planner, or Wealth Management Business Development Representative (each a "Wealthsimple Representative"), then (ii) complete the qualifying action during the Qualification Period.

Match Bonus. The cash bonus (the “Match Bonus”) will be calculated based on the cumulative account transfer amounts received into a Wealthsimple Wealth Management Account, up to a maximum of $2,000,000, less withdrawals 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. 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, eligible Clients must initiate a qualified institutional transfer(s), totalling $25,000 or more from their existing mutual fund(s), at a Canadian investment institution, other than Wealthsimple to a Wealthsimple Wealth Management 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 Wealth Management 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. For greater certainty, deposits into the Client’s Wealthsimple Wealth Management 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 a Spousal RRSP or a joint account where there is a primary and secondary account holder, only the primary account holder will be considered the Client for the purpose of this Promotion, and any transfers to the Wealthsimple Account made by 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 Bonus (as defined below).

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 (as defined below). 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 (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. 

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 your account transfer meets the threshold for reimbursement. For further details and conditions, please visit https://wsim.co/fee-reimbursement.

Application of Bonus. In order to receive the 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 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 four (4) equal quarterly payments to the Client’s Wealthsimple account(s) commencing 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 quarter. All Wealthsimple account(s) must be in good standing at the time the Bonus is applied. The Bonus is non-transferrable, and cannot be applied retroactively. The Bonus remains subject to change, at Wealthsimple’s sole discretion. 

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.

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 seven hundred and thirty (730) 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.

Tax Implications. 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 to a non-registered 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.

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 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 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 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.

Wealthsimple Wealth Management is available for clients with a minimum of $500,000 in assets under management, subject to additional fees beyond the standard Managed Investing schedule.

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.

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.