Overview
Wealthsimple allows your employer to set up contributions deposited directly into your RRSP.
Note: You can only set up cheque deposits for third-party RRSP contributions in RRSP accounts. You can't use other accounts, like your chequing account, as the deposit destination account.
How to set up a third-party contribution for an RRSP
Please fill out the RRSP Third-Party Contribution form to set up an employer contribution to your Wealthsimple RRSP.
Once complete, your employer can make a cheque payable (and recurring payments) to our back office, Wealthsimple Investments Inc., with your name and account number as a note.
Note: Employers can only direct contribution cheques to individual RRSP accounts. You can't use this service for Spousal RRSP accounts or any other account type.
Send the cheque to:
Attn: Wealthsimple Investments Inc.
201- 80 Spadina Ave
Toronto, ON M5V 2J4
Canada
Note: You can also drop off RRSP third-party contribution cheques at the Wealthsimple office (80 Spadina Ave, 4th floor) on weekdays between 9 am and 4 pm.
Processing timeline
Cheque deposits typically take a few weeks to process and will be reflected on your monthly statement.
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