Wealthsimple is one of Canada’s premier digital banking and investing platforms. Whether you want to sign up for Wealthsimple’s trading platform or chequing account, it’s worth opting in for a promotion or referral bonus to get a little extra in your pocket in the process.
Get a $25 cash bonus when you open your first Wealthsimple account and fund at least $1 within 30 days. Plus, earn up to 2.25% interest.
Get a 1% match cash bonus on eligible $25,000+ transfers from other financial institutions to your Wealthsimple Self-directed Investing and Managed Investing accounts. T&Cs apply.
Get a 1% match cash bonus on eligible $25,000+ transfers from other financial institutions to your Wealthsimple Crypto accounts. T&Cs apply.
Yes, Wealhsimple offers a standard ongoing referral bonus where both the referrer and the referred can earn a $25 cash bonus through a fairly standard refer-a-friend program. The referred person simply needs to open a Wealthsimple Trade, Crypto, Managed Investing or Chequing and then deposit at least $100 from an outside institution within 30 days of signing up.
Plus, Wealthsimple offers a tiered referral bonus structure, so that the more your referred friend deposits into their new account, the more you (the referrer) can earn. While the friend you refer will always earn $25, you as the referrer, can earn the following referral bonuses based on the total amount they deposit within the first 30-day window:
| Total deposit | Total referral bonus |
|---|---|
| $100 – $999.99 | $100 |
| $1,000 – $9,999.99 | $125 |
| $10,000 – $49,999.99 | $175 |
| $50,000 – $99,999.99 | $275 |
| $100,000 – $499,999.99 | $575 |
| $500,000 – $999,999.99 | $1,575 |
| $1,000,000+ | $5,075 |
The Wealthsimple transfer bonus is one of the best programs of its kind in Canada, offering a straightforward way to earn more through a tiered refer-a-friend promotional program.
The Wealthsimple referral program is specifically designed to incentivize transferring your funds to Wealthsimple, which is why the requirements to qualify for the transfer bonus are simple. The referrer just needs to be:
The person being referred to Wealthsimple needs to be:
Follow these steps to get the Wealthsimple transfer-in referral bonus promotion:
Yes, it can definitely be worth switching to Wealthsimple to take advantage of a promotional offer. Wealthsimple is increasingly innovating its platform to set itself apart as a premier financial platform in Canada. Its flagship offerings are its interest-earning chequing account and investment platform.
The Wealthsimple chequing account comes with loads of perks, including:
The Wealthsimple trading platform—its original flagship platform—also offers standout features. Its user-friendly app interface makes it easy for beginner investors to get started while also providing the tools needed for more advanced traders to easily manage their investments. It offers a $0 stock trading fee, free ETF trading and $0 options trading—all with a $0 trading account fee.
Wealthsimple’s well-built financial platform has frequently made our lists of the best chequing accounts and the best trading platforms in Canada.
Like Wealthsimple, other banking and investment platforms in Canada also offer promotions when you open a new account. We’ve compiled some of the top promotional offers for banking and investment platforms below, so you can easily compare options and find the right bonus for you.
Earn 2.75% interest on your money with qualifying direct deposits of $2,000/month, and 1.00% otherwise.
Get $50 cash back when you open a Questrade self-directed investing account through Finder. T&Cs apply.
Up to $150 per account in transfer rebates when transferring your funds to Questrade.
Finder exclusive: Get a $175 digital Visa gift card from Finder. Become a Finder Member and open a BMO Performance Chequing Account through Finder.
Earn up to $900. Earn up to a $900 cash bonus with the BMO Performance Chequing Account. Plus, get a Walmart+ membership for up to 12 months. Valid until November 2, 2026.
Earn up to $250. Earn up to $250 when you open a No-Fee Daily Chequing Account and move your pay. Valid until October 31, 2026.
Get 200 free trades for 2 years, using promo code EDGE2026. Valid until September 30, 2026.
Earn up to $600. Earn up to a $600 cash bonus with the Coast Capital Unlimited Chequing Account
Earn up to $5,000 in cashback (+$100 quick-pay bonus) when you open and fund a new Qtrade account. Valid until January 5, 2027.
Earn $300 and a $50 Skip gift card when you become a new client and set up a direct deposit of at least $100 for 3 months. Offer ends September 30, 2026.
It's possible that funds transferred to Wealthsimple may be subject to certain tax laws. For example, transfers from cash trading accounts at other financial institutions to Wealthsimple may be subject to capital gains tax or provide capital losses upon liquidation. On the other hand, registered accounts, like TFSAs and RRSPs, aren't taxable when transferred in kind between institutions. For more information about how taxes work when stock trading, visit our full guide to the topic here.
Yes, Wealthsimple offers up to $1 million in CDIC coverage for funds in your Wealthsimple Chequing account through partnerships with other insured financial institutions.
No, Wealthsimple is not a bank. It is instead a registered money services business with FINTRAC. It works with various banking partners to offer deposit insurance.
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