Frequently Asked Questions
Who is eligible to enter?
To be eligible for entry you must be:
- A Wealthsimple Trade user
- A legal resident of Canada (excluding Quebec)
- The age of majority, or older, in your province/territory of residence or older at the time of entry
How can I find my referral code?
You’ll find your referral code by logging into the Wealthsimple Trade mobile app and tapping on the gift icon in the top right hand corner.
I referred a friend. How can I check I’ve qualified?
Track who you’ve referred by logging into Wealthsimple Trade and tapping on the gift icon in the top right hand corner. You’ll be able to view your referrals from there — each successful referral counts as one contest entry!
What do I get for referring friends?
For each person you refer who opens a new Trade account and trades at least $100 with your link, you'll automatically receive a $25 cash bonus in addition to one contest entry. Each referred client will also receive a $10 cash bonus deposited into their Trade account.
Will my referrals be entered into the contest?
Each referred client will receive a $10 cash bonus deposited into their Trade account, but they will not be entered into the contest.
When do my referrals need to fund their account and complete qualifying trading behaviour by?
Each of your referrals must successfully deposit funds into their new Wealthsimple Trade account and trade at least $100 by 11:59 PM ET on March 15, 2021. Referrals who deposit funds into their account and complete trades after the end of the promotional period will not count towards this promotion.
I referred friends before February 23 — will this count towards the promotion?
We love when you share Wealthsimple Trade, but only referrals who sign up and trade a minimum of $100 in their Wealthsimple Trade account between February 23 and March 15, 2021 will qualify.
My referral opened and funded a Wealthsimple Invest or Cash account. Does this count?
This contest is for Wealthsimple Trade only, so referrals who open a Wealthsimple Invest or Cash account will not be eligible.
Is there a limit to the number of referrals/entries I can have?
Refer away! There is no limit and you will get one entry for every referral who opens a Wealthsimple Trade account and trades at least $100 during the promotional period.
Is there a cost to enter?
Nope! The contest is free to enter. Visit the ENTRY section in the Official Rules and Regulations for more details.
Terms & Conditions
Canadian ShareOwner Investments Inc.
Wealthsimple Trade Promotional Contest
Official Rules and Regulations
February 23, 2021 - March 15, 2021
REFER YOUR FRIENDS TO TRADE FOR A CHANCE TO WIN ONE OF SIX $10,000 CASH PRIZES
THE “WEALTHSIMPLE TRADE PROMOTIONAL CONTEST” (THE “CONTEST”) IS INTENDED TO BE CONDUCTED IN CANADA ONLY (EXCLUDING QUEBEC) AND SHALL BE CONSTRUED AND EVALUATED ACCORDING TO APPLICABLE CANADIAN LAW. NO PURCHASE IS NECESSARY. PARTICIPANTS MUST BE: (i) A WEALTHSIMPLE TRADE CUSTOMER; (ii) A LEGAL RESIDENT OF CANADA (EXCLUDING QUEBEC); AND (iii) OF THE AGE OF MAJORITY, OR OLDER, IN THEIR PROVINCE OR TERRITORY OF RESIDENCE AT THE TIME OF ENTRY. VOID IN WHOLE OR IN PART WHERE PROHIBITED BY LAW. ENTRY IN THE CONTEST CONSTITUTES ACCEPTANCE OF THESE CONTEST RULES (THE “CONTEST RULES”).
HOW TO ENTER: Wealthsimple Trade customers (excluding Quebec) who a) share their Wealthsimple Trade referral code with a friend who then b) signs up, deposits and trades a minimum of $100 within the specified time frames (see ENTRY), will be automatically entered in a draw for a chance to win one of six $10,000 prizes (you will find this code in the Earn Cash or gift emoji section of your app by clicking Invite friends).
NO PURCHASE NECESSARY.
The Contest is sponsored by Canadian ShareOwner Investments Inc. and its affiliated entities (“Wealthsimple”)
CONTEST RULES
CONTEST PERIOD: The contest period will begin at 12:00:01 AM Eastern Daylight Time (“EDT”) on February 23, 2021, and will end at 11:59:59 PM EDT on March 15, 2021 (the “Contest Period”), after which time the Contest will be closed and no further entries shall be accepted.
ELIGIBILITY: To enter and be eligible to win, the entrant must be:
- a Wealthsimple Trade customer with accounts in good standing. Wealthsimple Trade is an online brokerage service provided by Wealthsimple that allows you to buy and sell thousands of stocks and ETFs on popular Canada and U.S. exchanges.
- a legal resident of Canada (excluding Quebec);
- of the age of majority, or older, in their province/territory of residence at the time of entry; and
- Meet the entry requirements set out below.
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 individual’s 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. A winner of a Wealthsimple contest within three (3) months preceding February 23, 2021 (including persons designated by such winners to take ownership of the prize) and persons domiciled with such a winner are not eligible to enter.
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 such the entrant at any stage supply untruthful, incomplete, inaccurate or misleading personal details and/or information.
ENTRY:
Automatic Entry: During the Contest Period, each Wealthsimple Trade customer who refers a friend to sign up, deposit and trade a minimum of $100 by 11:59:59 PM EDT the day prior to a Draw Date (see GENERAL) will automatically receive one (1) Contest entry for that and each subsequent Draw Date. There is no limit on the number of entries.
Wealthsimple Crypto account holders may qualify if all other requirements are met. Wealthsimple Crypto is made available through the Wealthsimple Trade app and is offered by Wealthsimple Digital Assets Inc.
Email Option: To enter without purchase, you must meet all eligibility requirements and then type out your name, address, city, province or territory, postal code, telephone number, and a unique and original 100-word or more essay on “Which companies would you invest in if you won the $10,000 prize?”, and email it to contest@wealthsimple.com during the Contest Period. Each email entry must be received by 11:59:59 PM EDT the day prior to a Draw Date to be eligible for that and each subsequent Draw Date. Each email entry that complies with the above requirements will result in one (1) entry. Maximum 1 email option entry per client per day. Incomplete entries will be void. No script, macro, robotic or other program-assisted, mechanically reproduced, bulk or mass entries (only one entry in one email) are permitted.
All entries become the sole property of Wealthsimple and none will be returned for any reason. By participating in the Contest by submitting an essay, you represent and warrant that you have all necessary right, title and interest in and to the contents of your essay, the essay has not been previously published, does not infringe on the intellectual property rights of a third party, and does not defame or invade the publicity or privacy rights of any third party. You agree to indemnify and hold Wealthsimple harmless from any claims to the contrary. You acknowledge that your entry may be posted by Wealthsimple on its website or otherwise in its marketing, on social media or in any other medium, in Wealthsimple’s sole discretion, but without obligation. You have the right and authority to, and do hereby, grant to Wealthsimple an irrevocable, non-exclusive, royalty-free worldwide license in perpetuity to reproduce, store, copy, broadcast, display, distribute, edit, alter, combine with other material, publish, post, commercialize and/or otherwise use without limitation all or any part of the entry in Wealthsimple’s promotional materials and communications, and you waive any and all moral rights that you may have in and to the entry with respect to the uses contemplated herein, and you agree to release and hold harmless Wealthsimple from and against any and all claims based on publicity rights, defamation, invasion of privacy, copyright infringement, trade-mark infringement or any other intellectual property related cause of action that relates in any way to Wealthsimple’s use of the entry.
PRIZES:
There are six (6) grand prizes of $10,000 available to be won (each a “Prize” and collectively the “Prizes”). Each Prize will be credited to the Prize winner’s non-registered Wealthsimple Trade account (each Prize winner a “Winner” and collectively the “Winners”).
Regardless of whether a Winner entered the Contest through Automatic Entry or Email Option, if they do not have a non-registered Wealthsimple Trade cash account, they will be required to open one as a condition of receiving the Prize by visiting https://www.wealthsimple.com/en-ca/product/trade/ and following the instructions on how to create an account. There are no fees associated with the creation of a non-registered Wealthsimple Trade cash account.
GENERAL:
On or around March 2, March 9, and March 16, 2021 (each a “Double Draw Date”) two (2) eligible entrants will be selected by random draw from all eligible entries. After each Draw Date, the entries of the Winner on that Draw Date will be taken out of the pool, and the rest of the entries will stay in the pool, for the subsequent draws. The Winners may continue to refer their friends to sign up, but they will not get new entries. Each Draw Date will be associated with two (2) of the six (6) Prizes, such that the number of Prizes available reduces with each Draw Date.
The odds of being selected as a potential Prize winner are dependent upon the number of eligible entries received by Wealthsimple during the Contest Period, the number of entries the entrant has and the number of remaining Prizes.
On the Draw Dates, Wealthsimple, acting reasonably, will attempt to contact the potential Prize winner(s) of the Contest at the phone number indicated on the entrant’s customer account between 9:00 AM EDT and 5:00 PM EDT for a period of two (2) business days. In the event a potential Prize winner cannot be contacted by 11:59:59 PM EDT the day after the draw or there is a return of any notification as undeliverable, they will be disqualified and Wealthsimple reserves the right, in its sole discretion, to randomly select an alternate eligible entrant from among the remaining eligible entries. Upon notification, the selected entrant must respond by telephone to the contact number provided in the notification, and the selected entrant’s response must be received by Wealthsimple within two (2) business days (by 11:59:59 PM EDT the day after the draw) of such notification. If the selected entrant does not respond in accordance with the Contest Rules, they will be disqualified and will not receive the Prize and another entrant may be selected in Wealthsimple’s sole discretion until such time as an entrant satisfies the terms set out herein. 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. Proof of identification must be provided upon request.
Before being declared a Winner, the potential Prize winner 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 during a pre-arranged telephone call or by e-mail, to comply with the Contest Rules and sign and return the Release (as defined below).
Before being awarded the Prize, Winners will be required to sign a full release and indemnity form (the “Release”) as prepared by Wealthsimple, acknowledging and confirming:
- they have read and understood the Contest Rules;
- eligibility for the Contest and compliance with the Contest Rules;
- they grant all consents required;
- acceptance of the Prize, as offered;
- release of Wealthsimple and each of their parent companies, subsidiaries, affiliates, partners, associates and/or related companies and agents and each of their employees, directors, officers, suppliers, agents, sponsors, administrators, licensees, representatives, advertising and promotional agencies (collectively, the “Releasees”) from any and all liability for any loss, harm, damages, cost or expense arising out of participation in any Contest-related activity or the acceptance, use, or misuse of the Prize, including but not limited to costs, injuries, losses related to personal injuries, death, damage to, loss or destruction of property, rights of publicity or privacy, defamation, or portrayal in a false light, or from any and all claims of third parties arising therefrom; and
- they grant to Wealthsimple and its parent company, subsidiaries, affiliates, partners, associates and/or related companies and agents the unrestricted right, in its sole discretion, to produce, reproduce, publish, broadcast, communicate by telecommunication, exhibit, distribute, adapt and otherwise use or re-use the Winner’s names, photographs, likeness, voice and biography, in any and all media now known or hereafter devised, in connection with the Contest and the promotion and exploitation thereof at no additional compensation beyond the awarding of or participation in the Prize to the extent permitted by law.
In the event the Release is not signed and returned by the Winner within the time stipulated by Wealthsimple, the Winner will be deemed to have forfeited their Prize. Wealthsimple reserves the right, at its sole discretion, to select another potential Prize winner.
If a Winner, at the time of the Contest, does not have a non-registered cash account on the Wealthsimple Trade platform, they will be required to open a non-registered cash account within two (2) business days after signing the Release as a condition of receiving the Prize.
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 Releases from any and all claims by third parties relating to the Contest, without limitation.
In the event the potential Prize 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 Prize winner and draw an alternate potential Prize 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, 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.
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:
- violating the Contest Rules;
- 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;
- using any automated, script, macro, robotic or other program(s) to enter or otherwise participate in the Contest; and
- 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.
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 terms and conditions of the Contest Rules shall prevail, govern and control.
No correspondence will be entered into except with entrants requesting the Contest Rules by mail or requesting the name(s) of the Winner for which a self-addressed, postage paid envelope must be included. Requests should be addressed to Wealthsimple Trade Promotional, 241 Spadina Avenue, 3rd Floor, Toronto, ON, M5T 2E2.
Wealthsimple reserves the right, in its sole discretion, 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.
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.
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. 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 241 Spadina Avenue, 3rd Floor, Toronto, ON, M5T 2E2.
The Contest is void where prohibited by law and is subject to all applicable federal, provincial and municipal laws and regulations. The Contest Rules are 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.
As an extra bonus, both the Wealthsimple Trade customer and the referred friend will be eligible to earn a cash bonus of $25 and $10 respectively as part of our ongoing referral promotion after signing up and making $100 worth of trades. Further details here.
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