Terms & Conditions

Wealthsimple x Pilot Coffee Canada Day Cashback Promotion (the “Promotion”)

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

Promotion Period. From July 1, 2026 at 12:01AM ET to July 5, 2026 at 11:59PM ET (the “Promotion Period”).

Eligibility. To be eligible for the Promotion, the person must, at the time of participation, including when the Cashback Bonus (as defined below) is awarded:

• be a new or existing Wealthsimple Visa Infinite*, Visa Infinite+ or Visa Infinite Privilege* credit card (collectively, the “Credit Card”) cardholder, with all Wealthsimple accounts in good standing;
• be a legal resident of Canada (excluding Quebec);
• be the age of majority, or older, in their province/territory of residence; and
• meet the requirements set out below.

(the “Client”).

Promotion Details. To participate in the Promotion, eligible Clients must use their Credit Card to make a purchase of any value at any Pilot Coffee Roasters location in Ontario during the Promotion Period (a “Qualifying Purchase”). For the avoidance of doubt, a Qualifying Purchase shall only include purchases that post and settle on the Credit Card account, and expressly exclude cash-like transactions, gift card purchases, refunds, and any applicable fees and adjustments.

Bonus. Eligible Clients who make a Qualifying Purchase will receive 100% cashback on the value of that Qualifying Purchase, up to a maximum cashback of $10.00 CAD (the "Cashback Bonus"). Limit of one (1) Cashback Bonus per Client under this Promotion. 

Any returns, refunds, chargebacks or adjustments to transactions will proportionately reduce or cancel the Cashback Bonus earned on the Qualifying Purchase. Gift card purchases will not be considered a Qualifying Purchase under this Promotion.The Cashback Bonus is non-transferrable and cannot be applied retroactively. The Cashback Bonus remains subject to change at Wealthsimple's sole discretion. All other terms and conditions associated with the Credit Card apply.

Application of Cashback Bonus. The Cashback Bonus earned under this Promotion will be applied to Client’s Credit Card cashback rewards balance once the Qualifying Purchase is settled. 

The Cashback Bonus can be redeemed directly in the Wealthsimple app. The Cashback Bonus can only be deposited into the Client’s Wealthsimple chequing, TFSA, RRSP, non-registered accounts or joint accounts (a “Wealthsimple Account”). RESPs, LIRAs, RIFs, Registered Save, group/employer and private investment accounts are not eligible for redemption. There is no minimum amount required to redeem.

Refund. If all or a portion of the Qualifying Purchase is refunded and such refund is processed after the Cashback Bonus is redeemed, the corresponding amount will be deducted from the Client’s cashback rewards balance.

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.

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 Cashback 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 can be combined with other offers or promotion codes.

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

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, 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 Cashback Bonus in their Wealthsimple account and subsequent use of the Cashback 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 Cashback 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 legal residents of Canada that otherwise meet the 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.

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 Visa Infinite* Credit Card, Wealthsimple Visa Infinite+* and Wealthsimple Visa Infinite Privilege* Credit Card are issued under license by Wealthsimple Payments Inc. 

* Trademark of Visa Int., used under license.