Who is eligible to enter?

To be eligible for entry you must be:

• A new or existing Wealthsimple Tax user where an account is necessary as the condition of entry and/or claiming a Prize, with all Wealthsimple accounts in good standing at the time of entry and/or at the time the Prize is awarded
• A resident of Canada (excluding Quebec)
• The age of majority, or older, in your province/territory of residence at the time of entry

Is there a limit to the number of entries I can have?

• There is a limit of one entry per user. You will get an entry for filing your income tax return with Wealthsimple Tax and updating your direct deposit information with the Canada Revenue Agency to have your refund paid into your Wealthsimple Cash account via direct deposit.

Is there a cost to enter?

• Nope! The contest is free to enter. See below for more details.

Terms and Conditions

Wealthsimple Tax Direct Deposit Contest 2023 (the “Contest”)

The Contest is sponsored by Wealthsimple Technologies Inc. and its affiliated entities (“Wealthsimple”)

Official Rules and Regulations

CONTEST RULES

NO PURCHASE IS NECESSARY

THE CONTEST IS INTENDED TO BE CONDUCTED ONLY IN CANADA (EXCLUDING QUEBEC) AND SHALL BE CONSTRUED AND EVALUATED ACCORDING TO APPLICABLE CANADIAN LAW. VOID IN WHOLE OR IN PART WHERE PROHIBITED BY LAW. ENTRY IN THE CONTEST CONSTITUTES ACCEPTANCE OF THESE CONTEST RULES (THE “CONTEST RULES”).

CONTEST PERIOD: The contest period will begin at 12:01am Eastern Time (“ET”) on February 20, 2023, and will end at 11:59pm ET on May 1, 2023 (the “Contest Period”), after which time the Contest will be closed and no further entries shall be accepted.

In the event that the Canada Revenue Agency extends the deadline for income tax returns to be considered filed on time beyond May 1, 2023, the Contest Period shall be extended to 11:59pm ET on the new deadline set by the Canada Revenue Agency. The Draw Date and Winner Notification shall be extended by the same number of days as the Contest Period.

ELIGIBILITY: To enter and be eligible to win, the entrant must be:

• Be a new or existing Wealthsimple Tax user where an account is necessary as a condition of entry and/or claiming a Prize, with all Wealthsimple accounts in good standing at the time of entry and/or at the time the Prize is awarded;
• Be a resident of Canada (excluding Quebec);
• Be the age of majority, or older, in your province/territory of residence at the time of entry; 
• Keep their Wealthsimple Tax account open and keep their completed 2022 income tax return on file in their Wealthsimple Tax account until May 31, 2023; and
• Meet the entry requirements set out below

(each an “Entrant”).

If, at the time of the Winner Notification, a Winner does not have a Wealthsimple Cash account, they will be required to open one within the prescribed time as a condition of receiving the Prize (as defined below). There are no fees associated with the creation of a Wealthsimple Cash account.

Employees, officers and directors of Wealthsimple and its partners and associate companies, and each of their advertising and promotional agencies and their respective affiliates and associates, and such individuals’ immediate family members and persons with whom such individuals are domiciled, are not eligible to enter or participate in the Contest. For the purposes of the Contest Rules, “immediate family” refers to the father, mother, brothers, sisters, children, husband, wife or partner of such an employee, agent and/or representative.

Wealthsimple shall have the right at any time to require proof of identity and/or eligibility to participate in the Contest. Failure to provide such proof may result in disqualification. All personal and other information requested by and supplied to Wealthsimple for the purpose of the Contest must be truthful, complete, accurate and in no way misleading. Wealthsimple reserves the right, in its sole discretion, to disqualify the entrant, should the entrant at any stage supply untruthful, incomplete, inaccurate or misleading personal details and/or information.

HOW TO ENTER: No purchase necessary. Limit of one (1) entry per Entrant. To obtain one (1) entry, eligible Entrants will need to file their 2022 income tax return with Wealthsimple Tax, and update their direct deposit information with the Canada Revenue Agency to have their refund paid into their Wealthsimple Cash account via direct deposit. Your refund must be paid into your Wealthsimple Cash account by May 31, 2023 for your entry to be eligible. You must keep your Wealthsimple Tax account open and keep your completed 2022 income tax return in your account until May 31, 2023 to be eligible. 

PRIZES/DRAW: Three (3) Prizes available to be won in Canada (excluding Quebec), each consisting of up to CAD $5,000 to be deposited into the Winner's Wealthsimple account. The exact amount of each prize will match the income tax refund received by each Winner from the Canada Revenue Agency, up to a maximum of CAD $5,000 (a “Prize”). The Prize is non-exchangeable, non-transferable, non-refundable, has no cash-surrender value, and must be accepted as awarded with no substitutions. Wealthsimple reserves the right, for any reason and in its sole discretion, to substitute and/or modify the Prize with another prize that is of equal or greater value. The Prize will be sent to the selected Entrant(s) that satisfied the requirement of this Contest (each a “Winner”) via their Wealthsimple account.

Three (3) Entries will be selected from among eligible entries received during the Contest Period on or around June 5, 2023 at approximately 5:00pm ET in Toronto (“Draw Date”). The Prize will be distributed within 10 business days of identifying the Winner(s).

ODDS: The odds of being selected as a potential Winner are dependent upon the number of eligible entries received by Wealthsimple during the Contest Period. 

WINNER NOTIFICATION: Within two (2) business days of the Draw Date, Wealthsimple, acting reasonably, will attempt to contact the potential Winner(s) of the Contest (“Winner Notification”). The selected Entrant must confirm receipt of the Winner Notification, and complete all steps outlined therein including the completion of a release and indemnity form (if requested). In the event a potential Winner cannot be contacted by 11:59:59pm ET two (2) days after the Winner Notification or there is a return of any notification as undeliverable, or otherwise does not meet the eligibility or Contest requirements, they may be disqualified and Wealthsimple reserves the right, in its sole discretion, to randomly select an alternate Entrant until such time as an Entrant satisfies the terms set out herein, or there are no more eligible entries, whichever occurs first. Wealthsimple is not responsible for the failure for any reason whatsoever of a selected Entrant to receive notification or for Wealthsimple to receive a selected Entrant’s response.

No correspondence will be entered into except with Entrants requesting the Contest Rules by mail or requesting the name(s) of the Winner(s), for which a self-addressed, postage paid envelope must be included. Requests should be addressed to Wealthsimple’s Chief Compliance Officer at 400-80 Spadina Avenue, Toronto, ON, M5V 2J4.

SKILL TESTING QUESTION: Before being declared a Winner, the potential Winner(s) shall be required to correctly answer, without assistance of any kind, whether mechanical or otherwise, a time-limited mathematical skill-testing question to be administered by e-mail, to comply with the Contest Rules, and to sign and return the Release if requested (as defined below).

RELEASE: By entering the Contest, the Entrant agrees to release and to hold the Releasees harmless from any and all liability for any injuries, loss or damage of any kind to the Entrant or any other person, including personal injury, death, or property damage, resulting in whole or in part, directly or indirectly, from acceptance, possession, use or misuse of any Prize, participation in the Contest, any breach of the Contest Rules, or in any Prize-related activity. The Entrant agrees to fully indemnify Wealthsimple, and the Releasees from any and all claims by third parties relating to the Contest, without limitation.

In the event the potential Winner does not comply with all the provisions as contemplated in the Contest Rules, or they incorrectly answer the skill-testing question, Wealthsimple shall have the right to disqualify the potential Winner and draw an alternate potential Winner. Wealthsimple shall be fully and completely released and discharged from any liability or responsibility in this regard. The provisions and procedures referred to above relating to selection and notification of a potential Prize winner shall be applied, with the necessary amendments, until a qualified Prize winner has been duly selected.

Wealthsimple assumes no responsibility or liability for lost, late, unintelligible/illegible, falsified, damaged, misdirected or incomplete entries, notifications, responses, replies or any Release, or for any computer, online, software, telephone, hardware or technical malfunctions that may occur, including but not limited to malfunctions that may affect the transmission or non-transmission of an entry. Wealthsimple is not responsible for any incorrect or inaccurate information, whether caused by website users or by any of the equipment or programming associated with or utilized in the Contest or by any technical or human error which may occur in the administration of the Contest. Wealthsimple assumes no responsibility for any error, omission, interruption, deletion, defect, delay in operation or transmission, communications line failure, theft or destruction or unauthorized access to, or alteration of, entries. Wealthsimple is not responsible for any problems, failures or technical malfunction of any telephone network or lines, computer online systems, servers, providers, computer equipment, software, e-mail, players, applications or browsers, on account of technical problems or traffic congestion on the Internet, at any website or application, or on account of any combination of the foregoing or otherwise. Wealthsimple is not responsible for any injury or damage to the Entrant or to any computer related to or resulting from participating or downloading materials in the Contest. The entrant assumes liability for injuries caused or claimed to be caused by participating in the Contest, or by the acceptance, possession of, use of, or failure to receive any Prize. Wealthsimple assumes no responsibility or liability in the event that the Contest cannot be conducted as planned for any reason, including those reasons beyond the control of Wealthsimple, such as infection by computer virus, bugs, tampering, unauthorized intervention, fraud, technical failures, or corruption of the administration, security, fairness, integrity or proper conduct of the Contest, the Contest website(s) and/or the Contest application(s). Wealthsimple assumes no responsibility for entries which fail to comply with the Contest Rules. Wealthsimple assumes no responsibility for any failure of Wealthsimple’s website or application during the Contest Period, including any problems or technical malfunctions of any computer on-line systems, servers, computer equipment, software, failure of any e-mail, notification or entry to be received on account of technical problems or traffic congestion on the Internet, any website, any application, or any combination thereon.

Wealthsimple reserves the right to terminate the Contest, in whole or in part, and/or modify, amend or suspend the Contest, and/or the Contest Rules in any way, at any time, for any reason without prior notice.

PUBLICITY: Unless prohibited by law, the Winner(s) agree that by accepting a Prize, Wealthsimple may use the Winner’s name, city of residence, biographical information, prize information and/or statements about this Contest for publicity purposes with no compensation, notification or permission.

TAMPERING: All entries are subject to verification. By participating in the Contest, the Entrant agrees to be bound by the Contest Rules. The Entrant further agrees to be bound by the decisions of Wealthsimple, which shall be final and binding in all respects. Wealthsimple reserves the right, in its sole discretion, to disqualify any Entrant found to be:

1. violating the Contest Rules;
2. tampering or attempting to tamper with the entry process or the operation of the Contest, the Contest website, the Contest application or any related promotional website or application;
3. using any automated, script, macro, robotic or other program(s) to enter or otherwise participate in the Contest; or
4. acting in an unsportsmanlike or disruptive manner, or with intent to annoy, abuse, threaten or harass any other person.

CAUTION: ANY ATTEMPT TO DELIBERATELY DAMAGE THE CONTEST WEBSITE, THE CONTEST APPLICATION OR OTHERWISE UNDERMINE THE LEGITIMATE OPERATION OF THE CONTEST MAY BE A VIOLATION OF CRIMINAL AND CIVIL LAWS. SHOULD SUCH AN ATTEMPT BE MADE, WEALTHSIMPLE RESERVES THE RIGHT TO SEEK REMEDIES AND DAMAGES TO THE FULLEST EXTENT PERMITTED BY LAW, INCLUDING BUT NOT LIMITED TO CRIMINAL PROSECUTION.

INTELLECTUAL PROPERTY: All intellectual property, including but not limited to trade-marks, trade-names, logos, designs, promotional materials, web pages, source codes, drawings, illustrations, slogans and representations used in connection with the Contest are the property of Wealthsimple and/or its affiliates. All rights are reserved. Unauthorized copying or use of any copyrighted material or intellectual property without the express written consent of its owner is strictly prohibited.

COLLECTION OF INFORMATION: By entering the Contest, the Entrant understands and agrees that Wealthsimple will collect, use and disclose their personal information only in relation to the Contest, as well as in accordance to the Privacy Policy as applicable to their Wealthsimple account. Wealthsimple’s Privacy Policy is available here. Any questions regarding Wealthsimple’s Privacy Policy or the treatment of your personal information should be directed to Wealthsimple’s Chief Compliance Officer at 400-80 Spadina Avenue, Toronto, ON, M5V 2J4.

CONSTRUCTION: The Contest is void where prohibited by law and is subject to all applicable federal, provincial and municipal laws and regulations. The Contest is subject to change without notice in order to comply with any applicable federal, provincial and municipal laws or the policy of any other entity having jurisdiction over Wealthsimple. All issues and questions concerning the construction, validity, interpretation and enforceability of the Contest Rules or the rights and obligations as between the entrant and Wealthsimple in connection with the Contest shall be governed by and construed in accordance with the laws of the province of Ontario including procedural provisions without giving effect to any choice of law or conflict of law rules or provisions that would cause the application of any other jurisdiction’s laws. All dollar amounts referred to in the Contest Rules are stated in Canadian Dollars.

Invalidity or unenforceability of any provisions, in part or in full of these Contest Rules shall not affect the validity or enforceability for the remainder of the rules. The Contest Rules shall be interpreted as if the invalid or unenforceable provisions were not included, should such provisions exist.

In the event of any discrepancy or inconsistency between the terms and conditions of the Contest Rules and disclosures or other statements contained in any Contest related materials, including but not limited to the Contest entry form, or point of sale, television, print or online advertising, the Contest Rules shall prevail.