Setting up a share transfer at another institution

Institutional transfers should ideally be set up with the receiving institution (Wealthsimple). This allows us to communicate with the other institution and have visibility into the transferred assets. You can set up an investment account transfer by following these instructions.

Note: we can only accept share transfers of eligible assets from Canadian institutions. We are unable to accept transfers of assets from institutions outside of Canada.

Sometimes setting up the transfer on our platform is not possible (for example if your shares are at Computershare, Solium/Shareworks, or another transfer agency and you cannot get a DRS statement). In these cases, you will need to provide the other agency (relinquishing institution) with some information.

Here is the information that you will need to set up the share transfer with your institution:

Brokerage Name: Wealthsimple Investments Inc.
Address: 201 - 80 Spadina Ave, Toronto, ON M5V 2J4, Canada
Brokerage Phone number: 647-535-3404
Contact name: Wealthsimple
Fax: (647)245-1002
Email: transfersin@wealthsimple.com
Clearing or Broker Code: CSIT
Clearing Code Type: CUID
Dealer Number: 7829
Rep Code: HX1
FINS#: T003
Account number: You can find your account number for your stock trading accounts by following these steps:

Note: The phone number listed above is for communication between financial institutions. If you as a client reach out to that phone number, you will not receive a response. Instead, please use the phone number listed here.

Wealthsimple app Web

Sign in to the Wealthsimple app on your mobile device
Tap the Profile icon in the top right corner
Tap the Settings (gear) icon in the top right corner
Select the Accounts menu item
Select your desired account
Self-directed Wealthsimple account numbers start with H and end with either CAD or USD

Log into your Wealthsimple profile
Select your Profile icon in the top-right corner
Choose Settings from the menu
Select Accounts from the options
Select an account
The account number is at the top of the page. Self-directed Wealthsimple account numbers start with H and end with either CAD or USD

Once you have sent us the shares, please fill out this short form to give us more details. This will ensure that we accept the transfer on time and with the appropriate tax considerations. Once done, the shares will arrive within 10 business days.

Some considerations for transferring shares from a non-registered account to a TFSA/RRSP:

If you’re transferring shares from a Personal (non-registered) account to an RRSP or TFSA at Wealthsimple, please make sure you have an open Personal (non-registered) account at Wealthsimple so that we can accept the transfer. You can open a non-registered account by following these instructions. Once we receive the shares in the Personal account, we can then add them to your TFSA/RRSP as a contribution. To do this, please reach out to our support team. We can only move shares in-kind from a non-registered account to a TFSA or RRSP right after the transfer is complete.

Note: Transferring shares from a Personal account into a TFSA/RRSP is a taxable event. This will trigger any capital gains and will impact the contribution limit of your TFSA/RRSP.

If you want to hold onto your shares as they are, you need to transfer them into a self-directed stock trading account (account numbers start with H). If you transfer them into a managed account (account numbers start with W), we'll sell them when they arrive and invest them in our managed portfolios.

Tip: Transfers of at least $15,000 are eligible for a transfer-out fee reimbursement. Conditions apply. Learn more about our transfer fee reimbursement policy.

Here is the information that you will need to set up the share transfer with your institution:

Some considerations for transferring shares from a non-registered account to a TFSA/RRSP:

Comments

Transfer an account to Wealthsimple

Want to talk to a human?