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Are there tax implications?

Bonuses may be taxable. Clients are responsible for their own tax reporting.

 

Will transfer fees be reimbursed?

Wealthsimple will reimburse one transfer-out fee per account from your previous institution if the qualifying transfer from that account is $25,000 or more. See our full policy here.

Wealthsimple 3% Active Trader Match Promotion (the "Promotion")

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

Effective Date. Effective from June 3, 2026 at 12:01am ET(the "Effective Date").

Qualification Period. The qualification period begins at 12:01am ET on the day of the Client's first registration of the Promotion from the Effective Date 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 the Bonus (as defined below) is awarded:

• be a new or existing Trade or Crypto account (each a “Wealthsimple Account”) user, with all Wealthsimple accounts in good standing;
• meet the following criteria with respect to Active Trader status:
  • either:
    • hold Active Trader status at the time of registration for this Promotion; or
    • if registered for the 1% Match Promotion (as defined below), qualify for Active Trader status in at least one of the first three (3) months in which a Bonus payment is awarded under this Promotion (the “AT Eligibility Window”); and
  • hold Active Trader status in each calendar month before a Bonus is awarded under this Promotion.
• 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”).

Bonus. The cash bonus under this Promotion will be calculated based on the cumulative Qualifying Transfer amounts received into a Wealthsimple Account, up to a maximum of $2,000,000, less withdrawals during the Qualification Period (the “Net Funding Amount”). Eligible clients who qualify under this Promotion will receive a cash bonus of 3% of the qualifying Net Funding Amount (the “Bonus”). 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. Maximum one (1) Bonus per Client under this Promotion.

Qualifying Transfer. To participate in the Promotion, eligible Clients must first: (i) register for the Promotion via the registration page or via registering for (or having previously registered for) the Wealthsimple 1% Match promotion (the “1% Match Promotion”) via the registration page, and then: (ii) 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 Bonus. The Qualifying Transfer criteria set out above are identical to, and shall be interpreted consistently with, the Qualifying Transfer criteria applicable under the 1% Match Terms. 

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.  

For the avoidance of doubt, completion of the Qualifying Transfer alone does not entitle a Client to the Bonus. To receive Bonus payments at the 3% rate, a Client must meet the criteria set out in the Eligibility section of this Promotion’s terms and conditions. A Client who does not meet such Eligibility criteria shall be deemed ineligible for this Promotion (but may still qualify for the 1% Match Promotion), regardless of whether they subsequently qualify for Active Trader status after the AT Eligibility Window.A Client shall be granted Active Trader status where they meet the conditions as outlined in the Active Trader terms.

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 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 Bonus, the Client must have a Wealthsimple chequing account, where they are the primary account owner, (“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 Bonuses and any forfeiture will not be reissued. 

The Bonus will be applied as twenty-four (24) equal monthly payments to the Client’s Wealthsimple account(s) within thirty (30) 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 Bonus is non-transferrable, and cannot be applied retroactively. The Bonus remains subject to change, at Wealthsimple’s sole discretion.

Hold Period. 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 20% 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. Payments to a Client’s Wealthsimple credit card, bills, Pre-authorized Debits (PADs), 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, margin debit balance withdrawals or borrowing from a portfolio line of credit will not count towards the Withdrawal Limit.

Loss of Active Trader Status. 

A. 3% Rate Eligibility: A Client is eligible to receive Bonus payments at the 3% rate only if they complete the Qualifying Transfer and: 

a. either: (i) hold Active Trader status at the time of registration for this Promotion; or (ii) qualified for Active Trader status within the AT Eligibility Window; and

b. hold Active Trader status in each calendar month before a Bonus is awarded under this Promotion.

For the avoidance of doubt, a Client who qualifies for Active Trader status in their fourth (4th) Bonus payment month or later is not eligible for the 3% rate and will receive all remaining Bonus payments at the 1% rate of the Net Funding Amount transferred during the Qualification Period (as set out in the terms and conditions of the 1% Match Promotion), regardless of whether they subsequently qualify for Active Trader status.

B. Ongoing Active Trader Status Requirement: A Client eligible for the 3% rate must hold Active Trader status in the month before each Bonus payment is made in order to receive that payment at the 3% rate. If a Client loses Active Trader status, any remaining unpaid monthly Bonus payments will be recalculated and paid at the rate of 1% of the Net Funding Amount (as set out in the terms and conditions of the 1% Match Promotion), effective as of the next scheduled payment date following the loss of Active Trader status. Payments already made at the 3% rate will not be clawed back. If a Client who was eligible for the 3% rate under section (A) above subsequently requalifies for Active Trader status, their Bonus rate will revert to 3% effective as of the next scheduled payment date following requalification, and all subsequent Bonus payments will be made at the 3% rate provided that the Client maintains Active Trader status in accordance with these terms. For the avoidance of doubt, requalification for Active Trader status does not affect the applicable rate for a Client who was not eligible for the 3% rate under section (A) above. 

C. AT Eligibility Window Conversions: If a Client qualifies for Active Trader status during the AT Eligibility Window, Bonus payments made prior to the next scheduled payment date following the month of Active Trader status qualification will not be retroactively adjusted and will remain at the 1% rate. Commencing with the next scheduled payment date following the month of qualification for Active Trader status, the Client’s Bonus rate will increase to 3% and continue at that rate, provided they continue to hold Active Trader status at the time of each payment. For more information on qualifying for Active Trader status, please refer to the terms. 

Gamification or Fraudulent Behaviour. 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 the Net Funding Amount, to disqualify the Client from participating in this Promotion and to take any other action it deems appropriate including, but not limited to, removing the awarded Bonus from the Client’s Wealthsimple account(s), or closing their Wealthsimple account(s). For greater certainty, transfers made between a Client's own Wealthsimple account(s) will not affect the Net Funding Amount.

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. This Promotion cannot be combined with other offers or promotions, other than the Wealthsimple Referral Promotion, Wealthsimple Mortgage Cash Back Offer, Direct Deposit Incentive, Monthly Millionaire and the Super Boost Referral Promotion. For the avoidance of doubt, this Promotion is not combinable with the 1% Match Promotion. A Client who qualifies for this Promotion will receive a Bonus at the 3% rate set out herein in lieu of, and not in addition to, the 1% rate applicable under the 1% Match 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 registering for this Promotion, the Client subsequently registers for another non-combinable promotion(s), please refer to the terms and conditions for those promotion(s) for details.

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

No Recommendation. This Promotion, including the enhanced Bonus rate available to Clients with Active Trader status, does not constitute a recommendation or encouragement to trade, increase trading activity, or obtain or maintain Active Trader status. Wealthsimple Trade and Crypto do not provide investment advice and nothing in this Promotion should be construed as a recommendation to buy, sell or hold any security or crypto asset.

Collection and Use of Personal Information. By participating in this Promotion, Clients understand and agree that Wealthsimple will collect and use their personal information for the purpose of administering this Promotion 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. 

Release. By participating in the Promotion, the 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, the 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 Trade 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. 

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.

"Active Trader" status is available to Wealthsimple Trade and Crypto clients. A client qualifies as an Active Trader by completing 50 or more Eligible Trades within a single calendar month. "Eligible Trades" are manually initiated buy or sell orders placed by the client (or by Wealthsimple operations on the client's behalf) for equities, exchange-traded funds, options, precious metals, cryptocurrency, or futures contracts. Automated or recurring orders are not Eligible Trades and do not qualify for Active Trader status. 

Active Trader status is granted for the calendar month in which the threshold is met and the immediately following calendar month. To retain Active Trader status beyond that period, a client must requalify by completing 50 or more Eligible Trades in a subsequent calendar month. If a client does not requalify, Active Trader status will be lost at the end of the month following the qualifying month. Wealthsimple reserves the right to revoke Active Trader status or withhold Active Trader benefits where, in its sole discretion, it determines that a client's activity is designed to game or manipulate the qualifying thresholds or associated benefits. Active Trader benefits are subject to change. All investments involve risk.