wealthsimple

Canadian fintech Wealthsimple is taking aim at the fees big banks charge when customers move their money. The Toronto-based company told Ottawa in this week’s budget consultation that transferring savings from accounts like RRSPs or TFSAs has become expensive. A decade ago, those charges were often nothing or capped around $75. Today, some banks ask...

  Toronto-based Wealthsimple is offering investors a chance to earn up to 2% back on qualifying transfers through its Summer Margin Match 2025 promotion. The deal is open to both new and existing clients who register for the offer through the Wealthsimple app, website, or via an invitation. Once registered, participants have 30 days to...

Toronto-based Wealthsimple has launched a new promotion offering select clients a free iPhone 16 or 16e when they set up eligible paycheque direct deposits into their Wealthsimple Cash account. The program, which began rolling out on July 28, 2025, is part of a limited test for existing customers and is not yet widely available. The...

Toronto-based Wealthsimple has launched a beta version of self-directed Registered Education Savings Plans (RESPs), giving some users the ability to manage their child’s education savings with more control. The company first teased this feature was coming during its ‘Smartest Place to Trade’ livestream back in March. An RESP is a tax-advantaged account in Canada that...

Wealthsimple is aiming to flip traditional banking on its head. In a new presentation titled The End of Banking today, the Toronto-based fintech unveiled a sweeping set of new features meant to replace many of the services Canadians rely on banks for — and then some. CEO Mike Katchen told over viewers that “Canadians deserve...

Toronto-based Wealthsimple is known for offering Canadians an alternative from big banks when it comes to investing and crypto. But now, Wealthsimple may be looking into offering up a wireless plan for its customers, according to a recent survey to some customers in Ontario. The survey was found in the Wealthsimple app under the notifications...

Toronto-based Wealthsimple is giving away Apple AirPods to Canadians who move at least $25,000 into their accounts as part of a new promotion. The deal runs from May 15 to June 16, 2025. To get in on it, you have to register either through Wealthsimple’s website, the app, or from an email or ad they...

Toronto-based Wealthsimple is expanding its offerings for Canadian families with the acquisition of Plenty, a financial planning app designed to help couples manage money together. Wealthsimple described US-based Plenty as a natural fit, saying the company shares its mission of making financial services simpler and more accessible. The move will support Wealthsimple’s growing lineup of...

Toronto-based Wealthsimple held a livestream today titled “The Smartest Place to Trade,” offering customers a guided tour of its trading platform and a preview of features coming to users over the next few months. The event began at 9 a.m. PT / 12 p.m. ET and highlighted several upgrades already available or on the way...

Toronto-based Wealthsimple is now offering margin trading, a feature that lets investors borrow money against their portfolio to make bigger trades. This move makes a super high-risk, high-reward investing tool—once limited to the wealthy investors—available to more Canadians. Wealthsimple says margin trading had one of its biggest waitlists ever, and eligible clients have already borrowed...

Toronto-based Wealthsimple has launched a new ‘Big Winter Bundle’ promo, where it is offering up a 2% bonus when you transfer in at least $15,000. The investment service is app-based along with a web interface and looks to rival big Canadian banks. According to the promo, there’s a 2% match on RRSP transfers, while all...

Wealthsimple has launched a new promotion for 2024, giving clients a chance to earn Apple devices by depositing qualifying funds. Both new and existing clients can join by registering through the Wealthsimple app or website. You may recall last year, Wealthsimple had a similar Apple promo and offered up a free iPhone 15 series device....