Transfers
Bring your accounts to a better place
Transfer an investment account to Wealthsimple and we'll put your money to work in a smart, low-fee, passive portfolio.
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Make your money work smarter
- Simplify your finances: See your financial picture at a glance with all your accounts in one place
- Pay lower fees: Our 0.5% management fee is a fraction of what traditional mutual funds charge
- Get human advice: Experienced financial advisors are here to help whenever you need it
- Invest on autopilot: Stay on track with auto-deposits, automatic rebalancing, and dividend reinvesting
Transfers made simple
- Start a transfer from our award-winning website or mobile app
- Answer a few simple questions about your current account
- We'll take care of the rest — including contacting your current provider
Accounts that fit your goals
Transfer any of these accounts in just a few taps.
TFSA
A popular savings account that lets you grow your investments tax free on the gains you make over time.
RRSP
Our most common retirement account that lets you defer and reduce your taxes for when you retire.
RESP
Help save money for a child's education while lowering tax burden and taking advantage of government matching.
Personal
Our most common taxable account for the extra money you want to invest after maxing out your RRSP and TFSA.
- Over $10B and counting - More than 1 million Canadians trust over $10 billion with Wealthsimple companies
- Everything is encrypted - We use state-of-the-art data encryption when handling your financial information and two-factor authentication (2FA) protection
- Insurance and protection - All of our accounts have standard insolvency and deposit protection
- Powerful backing - Wealthsimple is backed by over $1 billion in investment from some of the world's most notable investors
We keep your money safe
Your security and trust are important to us. We're committed to protecting your account with the highest standards of security available.
Move your money to Wealthsimple, we'll give you back the transfer fees
We'll automatically reimburse the transfer-out fees charged by your brokerage when you move at least $15,000 to us. Conditions apply.
FAQs
Your bank or brokerage might charge a transfer fee (usually around $50-$150) to cover the administrative costs of moving your account. If you transfer over $15,000 to Wealthsimple, we'll automatically cover those fees up to $150 once the transfer is complete.
It's important to note that Wealthsimple does not reimburse Deferred Sales Charges (DSC fees), Low Load Fees (LL fees), trading fees, commission fees, or account closure fees. And, multiple partial transfer fees for one account will not be reimbursed.
When transferring funds from one institution to another, there are three different options to choose from:
- Entire account in cash (Most Common): Your institution will sell your holdings and move the money to us, but keep in mind you may be charged DSC or trading fees, which Wealthsimple cannot reimburse.
- Entire account as is: We move your holdings to us as they are today. We'll be reaching out to you via email regarding the liquidation of your holdings and will not liquidate anything until we receive confirmation from you.
- Part of the cash in my account: You can partially transfer any cash amount that is already sitting in your account to us. Before submitting your transfer, you need to liquidate your holdings with your other institution generate enough cash for the amount you've requested.
But which one should you choose? Visit our Help Center for more information.
You can transfer any existing investment account you have, including an RRSP, TFSA, Personal, LIRA or RESP.
However, the steps to transfer can depend on your account type. Our Help Center has more information and step by step instructions to help make sure your transfer goes smoothly.