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Wealthsimple Canada: complete independent guide
Updated September 23, 2026 · every figure links to its official source.
| Item | Current figure | Source |
|---|---|---|
| Commission on listed Canadian and US stocks and ETFs | $0 | wealthsimple.com Verified Wed Sep 23 2026 00:00:00 GMT+0000 (Coordinated Universal Time) |
| Currency conversion fee (US trades from a CAD account) | 1.5% | wealthsimple.com Verified Wed Sep 23 2026 00:00:00 GMT+0000 (Coordinated Universal Time) |
| USD account cost | $10 a month for Core clients; free for Premium and Generation | wealthsimple.com Verified Wed Sep 23 2026 00:00:00 GMT+0000 (Coordinated Universal Time) |
| Managed investing fee (Core, under $100,000) | 0.50% a year | wealthsimple.com Verified Wed Sep 23 2026 00:00:00 GMT+0000 (Coordinated Universal Time) |
| Chequing interest — under $100,000 in assets (Core) | 1.25% | wealthsimple.com Verified Wed Sep 23 2026 00:00:00 GMT+0000 (Coordinated Universal Time) |
| Wealthsimple Savings account interest | 2.5% (available to every client, no tiers) | wealthsimple.com Verified Wed Sep 23 2026 00:00:00 GMT+0000 (Coordinated Universal Time) |
| Foreign transaction fee on the chequing (prepaid) card | 0% (Visa's conversion rate still applies) | wealthsimple.com Verified Wed Sep 23 2026 00:00:00 GMT+0000 (Coordinated Universal Time) |
| Premium plan threshold | $100,000 | wealthsimple.com Verified Wed Sep 23 2026 00:00:00 GMT+0000 (Coordinated Universal Time) |
| Generation plan threshold | $500,000 | wealthsimple.com Verified Wed Sep 23 2026 00:00:00 GMT+0000 (Coordinated Universal Time) |
| CIPF protection on investment accounts | securities eligible for CIPF coverage up to $1M per defined account | wealthsimple.com Verified Wed Sep 23 2026 00:00:00 GMT+0000 (Coordinated Universal Time) |
| Maximum CDIC coverage on Chequing balances | up to $1 million, because funds are spread across up to 10 CDIC member institutions (Wealthsimple itself is not a CDIC member) | wealthsimple.com Verified Wed Sep 23 2026 00:00:00 GMT+0000 (Coordinated Universal Time) |
| New-client bonus via a personal referral link | $25 | wealthsimple.com Verified Wed Sep 23 2026 00:00:00 GMT+0000 (Coordinated Universal Time) |
Calculators
Frequently asked questions
Is Wealthsimple a bank?
No. Wealthsimple is not a bank and is not itself a CDIC member. Eligible Chequing deposits are held in trust at CDIC member institutions — up to $1 million, because funds are spread across up to 10 CDIC member institutions (Wealthsimple itself is not a CDIC member). Investment accounts are covered by CIPF: securities eligible for CIPF coverage up to $1M per defined account.
How much does Wealthsimple charge to trade?
$0 commission on listed Canadian and US stocks and ETFs. Buying US stocks from a CAD account costs a 1.5% currency conversion fee; a USD account costs $10 a month for Core clients; free for Premium and Generation.
What is the Wealthsimple sign-up bonus right now?
New clients get a $25 cash bonus when they open a Wealthsimple account through our referral link and deposit at least $100 from another institution within 30 days. The bonus terms come from Wealthsimple's help centre (checked Wed Sep 23 2026 00:00:00 GMT+0000 (Coordinated Universal Time)).
Which accounts can I open at Wealthsimple?
Self-directed accounts include TFSA, RRSP, FHSA, RESP, LIRA, RRIF, non-registered (cash and margin), and corporate accounts. The RESP is available as a self-directed or managed RESP.
When is Wealthsimple not the best choice?
If you trade US stocks heavily and want to hold US dollars without a monthly fee on the Core plan, want advanced options tools, or want a rewards credit card without an annual fee, another provider may suit you better. Our comparison pages say so where it applies.
Open a Wealthsimple account
Investing, chequing, and tax filing in one Canadian app.
New clients get a $25 cash bonus when they open a Wealthsimple account through our referral link and deposit at least $100 from another institution within 30 days.
Open Wealthsimple →Affiliate link: YieldMaple may earn a referral bonus if you open an account. It costs you nothing. Not financial advice.
YieldMaple is an independent Canadian publication and is not affiliated with, endorsed by, or a customer-support channel for Wealthsimple. For account help, contact Wealthsimple directly through its app or website. This page is general education, not financial advice.