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An annualized rate – calculated daily and paid monthly directly into your chequing account. Rates are subject to change.

After setting up a direct deposit, you can choose to automatically invest part of your paycheque.

We don't charge any fees for using an ATM to withdraw your money, in Canada or internationally. If the ATM provider does charge you, we'll reimburse you for any eligible fees. T&Cs apply.

We don’t charge any fees for using your prepaid Mastercard to make purchases in a foreign currency (e.g. using your card abroad or buying from a U.S. site).

The balance in your chequing account is held in trust for you with 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. Although Wealthsimple is not a CDIC member institution, under the trust framework, funds must be spread across up to 10 CDIC member institutions in order for up to $1 million in deposits to benefit from applicable CDIC coverage. Coverage is free and automatic.

The 2% earn rate applies to net purchases during each statement period, excluding cash-like transactions, refunds, any applicable fees, and adjustments. Read the full details here.

Foreign transaction (FX) fees are a surcharge typically charged on foreign currency transactions. While we don’t charge them, transactions are still subject to currency conversion from credit card networks, or fees from merchants and financial institutions involved in the transaction.

We’ll waive the annual fee for Core clients when you set up a qualifying monthly direct deposit of $4,000 or more to your Wealthsimple chequing account. See Cardholder Agreement for details.

While Wealthsimple doesn’t impose a tap limit on its virtual credit card, limits may be set by the merchant. If your transaction is declined, you’ll need to insert your physical credit card.

Your cash back is paid out to your Wealthsimple chequing account where you’ll earn interest on it.

Accounts funded with U.S. dollars so you can trade U.S.-listed securities without fees. To fund a USD account, you can move USD you already have (for free), or convert CAD to USD for a 1.5% currency conversion fee.

Instant deposits are applied across the client’s Managed investing, Self-direct investing, and Crypto account(s). The actual instant deposit limit depends on your deposit history, net deposits, and other variables we use to calculate your unique limit.

A feature that allows you to automatically purchase a stock or ETF weekly, biweekly, or monthly.

Any eligible dividends you receive will be automatically reinvested into that same stock or ETF within 24 hours.

Stocks and ETFs available in fractional amounts. For example, if a stock price is $100, you could buy or sell just 1/10 of it for $10.

An alert that tracks when the price of a stock or ETF moves up or down a certain amount, or hits a price you’ve specified.

Options are contracts that give you the right (but not the obligation) to buy or sell a specific stock, at a specific price, by a specific date. Additional fees apply, see trade fee disclosure for details.

Margin trading allows you to enhance your buying power by borrowing against your portfolio. As of October 30, 2025, Wealthsimple's rates are based on your client status and the CAD prime rate of 4.45%: Core clients pay prime +0.5%, Premium clients pay prime +0%, while Generation clients pay prime -0.5%. Rates are subject to change. Interest is calculated daily, and posted monthly.

Margin trading allows you to enhance your buying power by borrowing against your portfolio. As of October 30, 2025, Wealthsimple's rates are based on your client status and the USD prime rate of 7%: Core clients pay prime +0.5%, Premium clients pay prime +0%, while Generation clients pay prime -0.5%. Rates are subject to change. Interest is calculated daily, and posted monthly.

Commonly known as Fully Paid Lending. Stock Lending allows you to earn passive income on stocks you already own by lending your shares to other investors for a fee. There are no fees to participate, instead, you will earn 50% of the income that your loaned stocks generate.

A foreign exchange (FX) conversion fee is charged each time you trade U.S.-listed stocks, ETFs, and options without a USD account. When converting between CAD and USD, the FX conversion fee is applied to the WSII corporate exchange rate as described in the fee schedule. The WSII corporate exchange rate is a live rate including a spread which may vary due to market conditions.

A foreign exchange (FX) conversion fee is charged each time you convert Canadian dollars (CAD) to American dollars (USD) and vice-versa. The more you convert each time between your USD and CAD accounts, the lower your FX conversion fee.

<$10,000: 1.5%
$10,000–$24,999.99: 1.0%
$25,000–$99,999.99: 0.5%
$100,000+: 0%

The FX conversion fee is applied to the WSII corporate exchange rate as described in the Fee schedule. The WSII corporate exchange rate is a live rate including a spread which may vary due to market conditions.

Immediately withdraw cash from your investment accounts to a Visa Debit for a 2.5% fee. Otherwise, withdrawals may take 1–3 business days.

Canadian Investor Protection Fund (CIPF) coverage protects you if your investment dealer becomes insolvent. Your securities may be eligible for coverage up to specified limits.

Fees charged for selecting and buying assets, auto-rebalancing your portfolio, and reinvesting your dividends for you. Our management fees for Generation clients range from 0.4% for clients with $500,000 in assets, to 0.2% for clients with $10,000,000 or more in assets. To learn which rate you qualify for, reach out to our team of advisors.

A process in which your portfolios are automatically readjusted to account for deposits, withdrawals, changes in your goals, and price changes in your holdings.

A process in which dividends are periodically reinvested back into your portfolio. We use the dividends to purchase ETFs that are underweight based on the target asset allocation of your portfolio.

A deposit that automatically moves money into your investment account(s). You can set up auto-deposits on a weekly, bi-weekly, or monthly basis.

You can choose a portfolio based on your risk tolerance.

Private credit — also called “private lending” or “direct lending” — refers to loans made directly by investors to companies. It is private credit because the debt is not issued or traded on the public markets

A long-term investment in privately-held companies to help them become more profitable.

A strategy that uses investment losses to create tax savings. We sell one investment for a loss, then immediately buy a very similar one to help limit your in-year tax burden.

A process by which we optimize the type of account in which your specific securities are held in order to maximize tax advantages.

Canadian Investor Protection Fund (CIPF) coverage protects you if your investment dealer becomes insolvent. Your securities may be eligible for coverage up to specified limits.

The cash back on your mortgage is calculated based on your client status and the total value of your mortgage. You’ll receive the payment within 5 business days of closing your mortgage.

Every powerful feature you need to file with confidence.

All the Basic benefits + priority email support and audit protection.

All the Plus benefits + one-on-one consultations with a tax expert. (Pro Plan is not available for residents of Québec or in French)

Maximum refund guaranteed if you re-file your taxes before December 31, 2025 using a competitor's tax software and find a smaller payment due or larger refund when you enter identical information.

We will refund either (i) the purchase price or license fee for filing with that competitor's tax software, up to a maximum of $50 CAD, or (ii) any optional payment you made for the year, whichever is greater in value.

Subject to our terms and conditions.

Seamlessly import your income tax slips and investment info from CRA, Revenu Québec, and Wealthsimple accounts to speedily complete your return.

Total 2024 tax return filings allowed per Wealthsimple account.

If you run into any technical issues, email us and we'll help you through them. Support does not extend to tax advice.

As part of our Plus and Pro plans, our audit support service helps you in the event that any of your tax returns are reviewed or audited by the CRA or Revenu Québec.

Our tax experts will keep you updated on changes in the Tax code and how you can plan ahead for next year's taxes.

As part of our Pro plan, you can book a one-on-one 30-min live consultation with a tax expert. They'll also follow up via email to answer any questions, review your return, and optimize your deductions.

Availability only guaranteed if booked before April 2, 2025. Not available for residents of Québec.

A feature enabling you to automatically purchase a crypto asset weekly, biweekly, or monthly.

A feature you can use to track when the price of a cryptocurrency moves up or down a certain amount.

Rewards earned from staking your cryptocurrencies. Rewards vary by crypto tokens. The annual percentage yield is network driven and can change at any time. This is your cut - all fees are already included. See Crypto Fee Schedule and Crypto Product Risk Disclosure for more details.

Coverage to help protect your crypto against hacks or theft. Our partners each have over $75M in cold storage coverage.

Personalized advice from a dedicated advisor, including a thorough review of your finances, taxes, and family financial planning needs with personalized recommendations for reaching your goals.

Our really helpful, really friendly team is here for you, Monday to Friday.

Access thousands of helpful articles to help you find the right info, easily. Plus, you can talk to our chatbot anytime.

Unlock a reward of your choice with one of our partners once you reach $200,000 in assets, and at every $100,000 milestone after that. These rewards are in addition to any other partner perks. T&Cs apply.

Receive 20% off your online will from Willful to make estate planning simpler.

Get access to everyday medical care, expert medical advice, and services covered outside of OHIP with Medcan’s Year-Round Care plan. (Ontario only)

Broader than your average yearly physical, get a comprehensive picture of your baseline health. (Ontario only)

With Dedicated Care, you’ll have access to a dedicated physician and a full support team. Or choose an M Care membership for Medcan’s most premium level of care.