Wealthsimple is only licensed to open Canadian accounts for residents of Canada. If you become a non-resident of Canada for tax purposes, you'll need to withdraw or transfer out your funds.
Note: This is a limitation of Wealthsimple rather than an investment regulation, so you can hold your Canadian accounts at another institution that supports them.
What to do if you determine you’re a non-resident
If you determine that you are no longer a Canadian resident, please withdraw or transfer out all of your funds to another institution. By law, we are required to suspend accounts held by non-residents.
- Transfer your funds to a different institution
- Withdraw funds from your Invest account
- Withdraw funds from your Trade account
If you have any further questions or concerns, please reach out to our support team.