What is the Promotion?
The Wealthsimple Managed Investing promotion (the “Promotion”) is open to select Wealthsimple clients who open and fund a new Wealthsimple Managed Investing account (excluding GRSPs) with at least $3,000 between October 4, 2022 at 12:01 a.m. EDT to October 25th, 2022 at 11:59 p.m. EDT (the “Promotional Period”). Deposits must be received from a third party not affiliated with Wealthsimple to be eligible. Wealthsimple will deposit a cash value into your account based on the net amount you deposit (the “Bonus”):
Who can Qualify?
You are only eligible to receive the Bonus if you are a Wealthsimple client, you received an invitation to participate in the Promotion via email, push notification or in-app notification, you have not previously funded a Wealthsimple Managed Investing account and you otherwise meet the eligibility requirements.
This Bonus is non-transferrable and cannot be combined with other offers or promotion codes and cannot be applied retroactively. Limit 1 Bonus per qualified client. Must be a resident of Canada.
When will my bonus be paid?
The Bonus will be applied to your account (the “Promotional Account”) within 10 business days after the Promotional Period. Account opening and funding must occur in the Promotional Period.All deposits must be received during the Promotional Period to be eligible.
How will my bonus be paid?
If you have more than one Wealthsimple account during the Promotional Period, your Bonus will be paid in the following order of priority:
- Non-registered or personal Wealthsimple Managed Investing account
- Wealthsimple Managed Investing TFSA account
- Wealthsimple Managed Investing RRSP account
There may be tax implications to the Bonus. If your Promotion Account is an RRSP or TFSA, the Bonus will be reported by Wealthsimple as a contribution to the CRA. You are required to review your available contribution room prior to making a contribution to your registered account. Any excess contribution penalties that arise from a contribution are solely the responsibility of you, the client. If you require tax advice, please contact your personal tax advisor.
Terms & Conditions
This Wealthsimple Managed Investing promotion is sponsored by Wealthsimple Technologies Inc. (together with its affiliates, “Wealthsimple”). This Promotion is valid for eligible users who successfully open and fund a new Wealthsimple Managed Investing (offered by Wealthsimple Investments Inc.) account with at least $3,000 during the Promotional Period. Deposits into a Wealthsimple GRSP are excluded from the promotion. Bonus amounts are determined as follows:
All amounts shown are in Canadian dollars. Deposits must be received from a third party not affiliated with Wealthsimple to be eligible. Bonus amounts will be calculated based on cumulative deposits into your Wealthsimple Managed Investing account less withdrawals made from any Wealthsimple account throughout the Promotional Period. For example, if you deposit $12,000 into your Managed Investing TFSA account and withdraw $3,000 from your Stocks & ETFs RRSP account during the Promotional Period, the net deposit amount used for calculating the Bonus would be $9,000.
You are only eligible to receive the Bonus if you are a Wealthsimple client, you received an invitation to participate in the Promotion via email, push notification or in-app notification and you otherwise meet our eligibility requirements.
Customers who receive a Bonus must keep Bonus and deposit funds in their Promotion Account for 180 days from the end of the Promotional Period or their bonus payment may be deducted from their final withdrawal amount or otherwise recovered by Wealthsimple. This Bonus is non-transferrable and cannot be combined with other sign-up offers or promotion codes and cannot be applied retroactively. Limit of 1 Bonus per qualified user. Must be a resident of Canada.
Wealthsimple reserves the right to amend, withdraw or restrict this Promotion at any time without notice. Wealthsimple is the sole arbiter of these rules and any other issue arising under this Promotion. If Wealthsimple suspects fraudulent or abusive behaviour, gaming of the system or a violation of these terms, Wealthsimple reserves the right to remove all promotions from your Wealthsimple account(s) and take any other action it deems appropriate including, but not limited to, closing your Wealthsimple account(s). 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 Canada that otherwise meet our eligibility requirements. Our standard terms (https://www.wealthsimple.com/en-ca/legal/terms) relating to your use of Wealthsimple and any agreements that apply to your Wealthsimple account(s) each apply and are not affected in any way by this offer.