When you open an IRA with Wealthsimple, we will automatically start tracking contributions made to each respective registered account.
The amount displayed will take into account the current year's contributions as well as future pre-authorized contributions set up on your account.
Keep in mind that if you hold IRAs outside of Wealthsimple, we won't be able to keep track of any outside contributions or withdrawals you make. You can always recalculate your IRA contributions manually as you make contributions or withdrawals to outside accounts. The simplest way is to consolidate your registered accounts at Wealthsimple, then we'll be able to keep track of all your activity for you.