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.
Tip: If you have recently moved and are unsure about whether you are considered a resident of Canada, you may wish to reference the CRA or consult a tax expert.
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.
If you have any further questions or concerns, please reach out to our support team.
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