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Overview
Enter the League of Innovators x Wealthsimple Business Contest for a chance to win one of three $1,000 cash prizes. Register for the Contest.
Entries are open from September 13, 2026, to October 15, 2026. Three winners will be chosen through a random draw on or around October 20, 2026.
Eligibility
To enter, you need to:
- Be a new Wealthsimple Business chequing, business trade, or business managed account holder (a Business Account), with your account in good standing at the time of entry and when the prize is awarded
- Be a resident of Canada, excluding Quebec
- Be the age of majority, or older, in your province or territory of residence at the time of entry
Important things to know
- You can enter once per Contest Period. Maximum of one prize per entrant.
- If you're selected as a winner and don't already have a Business chequing account, you'll need to open one within 2 business days of being notified in order to claim your prize. There are no fees to open a Business Account.
- Prizes are non-exchangeable, non-transferable, and non-refundable, and must be accepted as awarded.
- Prizes will be distributed within 10 business days of a winner being identified.
- If a potential winner can't be reached within 2 business days of notification, doesn't respond, or doesn't meet the eligibility requirements, they may be disqualified and another entrant may be selected in their place.
How to enter
To enter, you need to register for the contest and open a new Wealthsimple Business chequing account between September 13, 2026, and October 15, 2026, or have opened one within 7 days before registering.
- Register for the contest through https://www.wealthsimple.com/en-ca/get-in-touch/league-of-innovators-members
- Open a new Wealthsimple Business chequing account (or confirm you opened one within the last 7 days).
Frequently asked questions
How are winners selected?
Three winners are chosen through a random draw from all eligible entries received during the Contest Period, on or around October 20, 2026, in Toronto, Ontario.
How will I know if I've won?
If you're selected, we'll try to contact you by email within 2 business days of the draw. You'll need to confirm receipt and complete the steps in the notification, including a Winner Declaration and Release form and a skill-testing question.
What happens if I don't respond to the notification in time?
If we can't reach you within 2 business days of your Winner Notification, or you don't complete the required steps, you may be disqualified and another entrant may be selected.
Can I enter if I live in Quebec?
No. This contest is open to residents of Canada, excluding Quebec.
Do I need to make a purchase to enter?
No purchase is necessary. You do need to open a Wealthsimple Business chequing account as a condition of entry, and there are no fees to open one.
How many times can I enter?
You can enter once per Contest Period. Maximum of one prize per entrant.
Terms and conditions
CONTEST RULES
NO PURCHASE IS NECESSARY
THE CONTEST IS INTENDED TO BE CONDUCTED ONLY IN CANADA 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 September 13, 2026, and will end at 11:59pm ET on October 15, 2026 (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 New Wealthsimple Business chequing, Business trade, or Business managed account user (together a "Business Account") where an account is necessary as a condition of entry and claiming a Prize, with all Wealthsimple accounts in good standing at the time of entry and at the time the Prize is awarded;
- be a resident of Canada (excluding Québec);
- be the age of majority, or older, in their province/territory of residence at the time of entry;
- and have met the entry requirements set out below
(each an "Entrant").
Employees, officers and directors of Wealthsimple, East Room, 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 spouse, dependent for federal income tax purposes, step-, biological, foster, in-law or adoptive parent, sibling or child of such an employee, agent and/or representative, or who is domiciled in the same household as any such person.
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. To participate in the Promotion, and to obtain one (1) entry, eligible Clients must register for the Contest via the Contest registration webpage, and open a Business Account, or have previously opened one within seven (7) days of registering for the Contest. Limit of one (1) entry per Entrant during the Contest Period.
There are no fees associated with the creation of a Business Account. A Client can open a Business Account by visiting https://www.wealthsimple.com/en-ca and following the instructions on how to create an account. Further details on transferring an account to Wealthsimple can be found at https://wsim.co/transfer-account.
Transfer Fee from External Institutions. There may be fees charged by an institution outside of Wealthsimple for the transfer of the Client's account(s) to Wealthsimple. Wealthsimple will automatically reimburse the transfer-out fee per account from an institution if the Client's Qualifying Transfer is equal to or greater than $25,000 in a single account transfer. For further details and conditions, please visit https://wsim.co/fee-reimbursement.
PRIZES/DRAW: Three (3) Prizes available to be won in Canada, each consisting of a $1,000 cash prize (each a "Prize"). The approximate retail value of a Prize is CAD$1,000. The Prize is non-exchangeable, non-transferable, non-refundable, 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.
Three (3) Entries will be selected via random drawing from among eligible entries received during the Contest Period on or around October 20, 2026 at approximately 12:00 PM ET in Toronto, Ontario ("Draw Date"). The Prizes will be distributed within ten (10) business days of identifying the Winner(s).
In order to claim the Prize, the selected Entrant(s) that satisfied the requirement of this Contest (each a "Winner") must have a Wealthsimple Business chequing account. If, at the time of the Winner Notification, a Winner does not have a Business chequing account, they will be required to open one within the prescribed time as a condition of receiving the Prize. There are no fees associated with the creation of a Wealthsimple account.
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. Maximum of one (1) Prize per Entrant.
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 via e-mail as associated with the Business Account ("Winner Notification"). The selected Entrant must confirm receipt of the Winner Notification, and complete all steps outlined therein including the completion of a Winner Declaration and Release form. In the event a potential Winner cannot be contacted by 11:59:59 PM 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 follow the provisions and procedures referred above relating to selection and notification of a potential Prize winner, with the necessary amendments, until a qualified Prize winner has been duly selected, 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, 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 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 in the Winner Declaration and Release form, to comply with the Contest Rules, and to sign and return the Release within the period specified by Wealthsimple.
RELEASE: By entering the Contest, the Entrant agrees to release and to hold Wealthsimple and its parent companies, subsidiaries, affiliates, related and associated entities, employees, directors, officers, suppliers, agents, sponsors and administrators (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.
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, 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.
PUBLICITY: Unless prohibited by law, the Winner agrees that by accepting a Prize, Wealthsimple may use the Winner's name, likeness, photo, video, 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:
- 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; or
- 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.
By entering the Contest, Entrants also expressly consent to Wealthsimple collection and use of their personal information, including their email address, and Contest Survey responses, for the purposes of better understanding Entrants' interests and preferences, and to send commercial electronic messages (including emails, SMS text message and other communications) to the Entrant for the purpose of marketing, promoting and offering Wealthsimple products, services or events, as well as products, services or events of Wealthsimple's affiliates. For clarity, the collection and use of Entrants' personal information described above is in furtherance of the Contest's broader purpose of enabling Wealthsimple to better understand its customers and their preferences. Entrants may withdraw this marketing consent at any time by following the unsubscribe instructions contained in each commercial electronic message or by contacting Wealthsimple. This consent for marketing communications is separate from the consent required to administer the Contest, and Entrants may enter the Contest without providing this marketing consent.
Any questions regarding Wealthsimple's Privacy Policy or the treatment of your personal information should be directed to Wealthsimple's Chief Privacy 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 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.
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 terms and conditions of the Contest Rules shall prevail, govern and control.
Our Wealthsimple for Business Chequing product is offered by Wealthsimple Investments Inc. ("WSII"), a member of the Canadian Investment Regulatory Organization, and Wealthsimple Payments Inc., a Financial Transactions and Reports Analysis Centre of Canada registered money services business. The funds added to Wealthsimple for Business chequing account(s) (the "Funds") are ultimately held securely in trust in the name of the business entity with a single or multiple members of the Canada Deposit Insurance Corporation ("CDIC"). CDIC protects eligible deposits held at CDIC member institutions in case of a member institution's failure. Wealthsimple Payments Inc. and WSII are not CDIC member institutions. Under the trust framework, CDIC insures eligible cash balances up to $100,000 per business entity, per member institution, provided certain disclosure rules are met. Coverage is free and automatic. Learn more about how CDIC protection works. The advertised interest rate for the Wealthsimple for Business chequing account is derived from interest earned by Wealthsimple on the funds. The Funds are settled with any CDIC member(s) one business day following the date that Funds are reflected in the account.
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