Get a 90-day interest rebate on your Portfolio Line of Credit

Overview

Get a rebate of the interest on your Portfolio Line of Credit (PLOC) withdrawals for 90 days, up to $3,000, with the PLOC 0% Rate Rebate Promotion. You can take part if we’ve invited you.

Who’s eligible

You can take part if you’re a new or existing PLOC client who hasn’t made a withdrawal yet. You also need to live in Canada, be the age of majority where you live, and have all your Wealthsimple accounts in good standing. PLOCs that are business accounts aren’t eligible. See who’s eligible.

How it works

Make a withdrawal of any amount from your PLOC within your borrowing window. New clients have 90 days from the day they open their PLOC. Existing clients have until January 18, 2027. See how to take part.

Your rebate

Once you complete a qualifying withdrawal, your 90-day rebate period starts. During that period, we rebate the full interest rate that applies to you on your withdrawals, up to $3,000. You’re still responsible for repaying your balance and any interest the rebate doesn’t cover.

Frequently asked questions

Terms and conditions

PLOC 0% Rate Rebate Promotion (the “Promotion”)

This Promotion is sponsored by Wealthsimple Technologies Inc. (together with its affiliates “Wealthsimple”).

Promotion Effective Date. This Promotion effective on October 21, 2026 at 12:01am Eastern Time (ET) (the “Promotion Effective Date”).

Eligibility. To be eligible for the Promotion, the person must, at the time of participation, including when the Rebate (as defined below) is awarded:

• be invited to participate in this Promotion by Wealthsimple;
• be a new or existing Portfolio Line of Credit (each a “PLOC Account”) user, who has not previously made a withdrawal from their PLOC Account, with all Wealthsimple accounts in good standing;
• be a legal resident of Canada;
• be the age of majority, or older, in their province/territory of residence; and
• meet the requirements set out below.

(the “Client”).

This Promotion is not compatible with Portfolio Line of Credits that are business accounts.

Qualifying Action. To participate in the Promotion, eligible new Clients must apply for and be approved for a new PLOC Account after the Promotion Effective Date, and add an eligible collateral account. New Clients will then have ninety (90) days from the date the new PLOC Account is opened (the “Account Opening Date”) within which to make a withdrawal of any amount (the “Borrowing Window”).

To participate in the Promotion, eligible existing Clients who, at the time of the Promotion Effective Date, have an existing PLOC Account with an eligible collateral account added, but have not previously made a withdrawal, with have a Borrowing Window until January 18, 2027 within which to make a withdrawal of any amount from their PLOC Account (each a “Qualifying Action”).

There are no fees associated with the creation of a Wealthsimple Account. A Client can open a Wealthsimple 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.

Rebate Period. The period to which a Client’s PLOC Account is eligible for the Rebate (as defined below) begins at the time the Client first completes a Qualifying Action, and ends ninety (90) days later at 11:59PM ET (the “Rebate Period”).

Risk of Borrowing. A Portfolio Line of Credit is secured by the investments in a Client’s linked collateral accounts. The credit limit is recalculated daily based on the value and risk profile of those investments and can decrease without notice. If the value of your collateral falls, or your outstanding balance exceeds your credit limit, you may be required to repay part or all of your balance or add collateral. If you do not, Wealthsimple, in its sole discretion may sell investments in a Client’s collateral accounts to reduce or eliminate the amount owing, as set out in the account agreement. Investments may be sold at a loss and at a time not of your choosing, and this may have additional tax implications. Participation in this Promotion does not change the terms set out in the Portfolio Line of Credit account agreement.

Rebate. Clients who complete the Qualifying Action will receive a rebate of the full interest rate applicable to them for the Rebate period of ninety (90) days, on any withdrawals from their PLOC Account up to a maximum of $3,000 (the “Rebate”).

The Rebate of the portfolio line of credit interest rate is P-0.5% for Generation clients, P+0% for Premium clients, and P+0.5% for Core clients. Prime rate is 4.45% for CAD as of December 11, 2025. The portfolio line of credit interest rate is calculated daily, and charged monthly.

Maximum one (1) Rebate per Client per eligible PLOC Account.

Portfolio Line of Credit Account Delinquency. A Client remains responsible for the full principal of the account and all interest at all times, including any interest not covered by the Rebate and all interest accruing after the Rebate Period ends. Interest accrues daily and is added to your balance monthly. If a Client’s PLOC Account becomes delinquent, Wealthsimple may exercise any of its rights under the account agreement, including applying funds from a Client’s other Wealthsimple accounts and/or selling a Client’s collateral investments. Delinquency may also restrict your ability to close accounts or move funds.

Application of Rebate. The Rebate will be applied to the Client’s PLOC Account on the later of: (i) five (5) business days following the end of the month in which the portfolio line of credit interest is charged; and (ii) the date on which that interest charge is posted to the Client’s PLOC Account, in accordance with these terms and conditions. All Wealthsimple accounts must be in good standing at the time the Rebate is applied. For greater certainty, a Rebate will only be issued on a PLOC Account that has completed a Qualifying Action within the applicable Borrowing Window.

Tax Implications. There are tax implications to rebates of this nature in most instances. Please consult with an accountant or tax professional for additional guidance. Wealthsimple will not be issuing clients a tax slip to report Bonuses paid to a non-registered account. Clients are solely responsible for any required tax reporting.

Combinability. Unless specified in the terms of other promotions, this Promotion can be combined with other offers or promotion codes.

If, after receiving a commitment letter pursuant to this Promotion, the Client subsequently registers for another non-combinable promotion(s), please refer to the terms for those promotion(s) for details.

Currency. All currency shown in these terms and conditions are in Canadian dollars.

Release. By participating in the Promotion, Client assumes all risk of injury, illness, disease, death, or any other damage which may arise in connection with their participation in the Promotion or receipt or use of a Reward. Without limiting the foregoing, client hereby: (a) forever releases and discharges Wealthsimple and its parent companies, subsidiaries, affiliates, related and associated entities and employees, directors, officers, suppliers, agents, sponsors and administrators of each (collectively, the “Releasees”), from and against any and all claims, actions, costs, liabilities, judgments, damages, obligations, losses, penalties, and expenses of any kind or nature whatsoever (including legal fees) (collectively, the “Claims”) in any way arising directly or indirectly out of any injury, loss, or damage that the Client may suffer as a result of, or in connection with the participation in the Promotion or any promotion-related activity, including the posting of any Reward in their Wealthsimple account or the receipt or use of any Reward; and (b) indemnifies, defends and holds harmless the Releasees from and against any and all damages, loss and expenses, including legal fees, which may be suffered directly or indirectly by reason of the Client’s own negligence or willful misconduct during or in connection with their participation in the Promotion or receipt or use of any Reward. Any Claims (including without limitation and by way of example only, product liability claims or misleading advertising claims) related to a Reward should be directed to the Reward provider and not Wealthsimple and without limiting the generality of the foregoing, the Client releases the Releases from all Claims and liabilities with respect to any and all Reward.

Margin Lending Disclosure. Using borrowed money to finance the purchase of securities involves greater risk than using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines.

An investment strategy that uses borrowed money could result in far greater losses than an investment strategy that does not use borrowed money. There may also be tax consequences to you if assets in your account must be sold in order to meet any obligations to repay the borrowed money or any interest owing.

General. Wealthsimple reserves the right to cancel, amend, withdraw or restrict the Promotion at any time without notice. Wealthsimple is the sole arbiter of these rules and any other issue arising under the Promotion. If Wealthsimple suspects fraudulent or abusive behaviour, gaming of the system, inappropriate, offensive or derogatory language or information or a violation of these terms, as determined in Wealthsimple’s sole and absolute discretion, Wealthsimple reserves the right to remove all promotions from the Wealthsimple account(s) and take any other action it deems appropriate including, but not limited to, removing the Rebate or closing the Wealthsimple account(s). This Promotion cannot be used in conjunction with any other promotional offer, unless specified herein. An invitation to participate in this Promotion does not provide assurance that you will be accepted as a customer of Wealthsimple. This Promotion is only valid for individuals in the location cited above that otherwise meet our eligibility requirements. The standard terms (https://www.wealthsimple.com/en-ca/legal/terms) relating to the use of Wealthsimple and any agreements that apply to the Wealthsimple account(s) each apply and are not affected in any way by this Promotion.

In the event of any discrepancy or inconsistency between the terms and conditions of the Promotion and disclosures or other statements contained in any related materials, including but not limited to the point of sale, print or online advertising, the terms and conditions of the Promotion shall prevail, govern and control.

Wealthsimple Trade is offered by Wealthsimple Investments Inc. (“WSII”). WSII is a member of the Canadian Investment Regulatory Organization. Customer accounts held at WSII are protected by Canadian Investor Protection Fund (“CIPF”) within specified limits in the event WSII becomes insolvent. A brochure describing the nature and limits of coverage is available upon request or at CIPF.