Legal Disclaimers
Wealthsimple Self-directed Investing
General
Self-directed Investing is offered by Wealthsimple Investments Inc. (“WSII”). WSII is a member of the Canadian Investment Regulatory Organization. Customer accounts held at WSII are protected by Canadian Investor Protection Fund (“CIPF”) within specified limits in the event WSII becomes insolvent. A brochure describing the nature and limits of coverage is available upon request or at CIPF.
Fees
Wealthsimple may charge a foreign exchange fee for converting between CAD and USD. See fee schedule for details.
No Advice
Wealthsimple will not provide any recommendations to you and will not be responsible for making a suitability determination of trades when accepting orders from you. You alone will be responsible for your own investment decisions and Wealthsimple will not consider your financial situation, investment knowledge, investment objectives, savings objectives and risk tolerance when accepting orders from you. Wealthsimple does not provide financial, legal, tax or investment advice or recommendations.
Wealthsimple Crypto
General
Crypto is offered by Wealthsimple Investments Inc. (“WSII”). WSII is a member of the Canadian Investment Regulatory Organization. Crypto-assets are not protected by the Canadian Investor Protection Fund, the Canadian Deposit Insurance Corporation or any other investor protection insurance scheme. Any coins showcased are for illustration purposes only and are not recommendations or investment advice.
Fees
On each Order, WSII adds a margin to the exchange rate provided to us by the Liquidity Provider. See fee schedule for details.
Wealthsimple Managed Investing
Managed accounts are offered by Wealthsimple Inc., a registered portfolio manager in each province and territory of Canada. Assets in your managed account are held in an account with Wealthsimple’s affiliated custodial broker, Wealthsimple Investments Inc. (“WSII”). WSII is a member of the Canadian Investment Regulatory Organization (“CIRO”). Customer accounts held at WSII are protected by Canadian Investor Protection Fund (“CIPF”) within specified limits in the event WSII becomes insolvent. A brochure describing the nature and limits of coverage is available upon request or at CIPF. Wealthsimple Inc. is not a member of CIRO nor a member of CIPF.
Wealthsimple Chequing
Wealthsimple chequing accounts are offered by Wealthsimple Investments Inc. (“WSII”), a member of the Canadian Investment Regulatory Organization, and Wealthsimple Payments Inc. (“WSP”), a Financial Transactions and Reports Analysis Centre of Canada (“FINTRAC”) registered money services business. WSP has appointed WSII as its agent to perform certain payment activities offered through the chequing account(s). The funds you add to a chequing account (the “Funds”) are ultimately held securely in trust with a single or multiple members of the Canada Deposit Insurance Corporation (“CDIC”). CDIC protects eligible deposits held at CDIC member institutions in case of a member institution’s failure. Wealthsimple Payments Inc. and WSII are not CDIC member institutions. Under the trust framework, CDIC insures eligible cash balances up to $100,000 per beneficiary, per member institution, provided certain disclosure rules are met. Coverage is free and automatic. Learn more about how CDIC protection works. Funds must be spread across at least 10 CDIC member institutions in order for up to $1,000,000 in deposits to benefit from applicable CDIC coverage. The advertised interest rate for the chequing account is derived from interest earned by Wealthsimple on the funds. The Funds are settled with any CDIC member(s) one business day following the date that Funds are reflected in the Account.
The Wealthsimple Mastercard® Prepaid card (the “Card”) is issued by KOHO Financial Inc. pursuant to license by Mastercard International Incorporated. All terms applicable to the Card and all applicable fees and transaction limits with respect to the Card and the services may be found in the Wealthsimple Cardholder Agreement between you and KOHO Financial Inc.. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.
USD Savings
Our USD Savings product is offered by Wealthsimple Investments Inc. (“WSII”), a member of the Canadian Investment Regulatory Organization (“CIRO”), and Wealthsimple Payments Inc., a FINTRAC registered money services business. The advertised interest rate for the USD savings account is derived from interest earned by Wealthsimple on the funds. The rates are annualized rates, calculated daily, and paid monthly. Subject to change. For more information see here. The Funds are settled with any CDIC member(s) one business day following the date that Funds are reflected in the Account.
Wealthsimple Registered Savings Account
Our Registered Savings Accounts are offered by Wealthsimple Investments Inc. (WSII). WSII is a member of the Canadian Investment Regulatory Organization (CIRO). Registered Savings Accounts held at WSII are not protected by the Canadian Investor Protection Fund (CIPF). All cash balances from your Wealthsimple Registered Savings Account are held in trust for you with members of the Canada Deposit Insurance Corporation (CDIC). WSII is not a CDIC member institution. CDIC protects eligible deposits held at CDIC member institutions in case of a member institution’s failure. CDIC is a federal Crown corporation. CDIC is not a bank or a private insurance company. Under the trust framework CDIC insures eligible cash balances up to $100,000 per beneficiary (Wealthsimple Registered Savings Account customer) per member institution, provided certain disclosure rules are met. Coverage is free and automatic. Learn more about how CDIC protection works.
Wealthsimple for Business
Our Wealthsimple for Business product is offered by Wealthsimple Inc., a registered portfolio manager in each province and territory of Canada. Assets in your Wealthsimple Work account are held in an account with Wealthsimple’s affiliated custodial broker, Wealthsimple Investments Inc. (“WSII”). WSII is a member of theCanadian Investment Regulatory Organization (“CIRO”). Customer accounts held at WSII are protected by Canadian Investor Protection Fund (“CIPF”) within specified limits in the event WSII becomes insolvent. A brochure describing the nature and limits of coverage is available upon request or at CIPF. Wealthsimple Inc. is not a member of CIRO nor a member of CIPF.
Wealthsimple Save
Our Save accounts are offered by Wealthsimple Investments Inc. (“WSII”). WSII is a member of the Canadian Investment Regulatory Organization. Save accounts held at WSII are not protected by Canadian Investor Protection Fund. All cash balances from your Wealthsimple Save account(s) are held in trust for you with members of the Canada Deposit Insurance Corporation (“CDIC”). WSII is not a CDIC member institution. CDIC protects eligible deposits held at CDIC member institutions in case of a member institution’s failure. CDIC is a federal Crown corporation. CDIC is not a bank or a private insurance company. Under the trust framework CDIC insures eligible cash balances up to $100,000 per beneficiary (Wealthsimple Save customer) per member institution, provided certain disclosure rules are met. Coverage is free and automatic. Learn more about how CDIC protection works.
Testimonials
Testimonials may not be representative of the experience of other customers and are not guarantees of future performance or success. When you invest, your money is at risk and it is possible that you may lose some or all of your investment.
Wealthsimple Tax
Our Tax product is offered by SimpleTax Software Inc. under the terms of our Wealthsimple Tax User Agreement.
Wealthsimple Bond ETF portfolio | Current yield disclosure
The current yield for the Bond ETF portfolio is calculated based on annualizing the most recent dividend payments and the latest available ETF prices at the time of the calculation. The yield presented represents a weighted average of the individual ETF yields, with each ETF’s yield weighted according to its proportion within the portfolio, taking into account the management expense ratio (MER) fees but excluding Wealthsimple’s standard management fees for its advisory services. The yield information is updated on a monthly basis.
Note: The yield is subject to change due to fluctuations in dividend payments, ETF prices, and portfolio composition. Past performance is not indicative of future results.