Referring a pal could win you a condo

This month, we’re giving away a Toronto condo every week, leading up to a grand prize condo valued at over $1 million in King West. We are also giving away thousands of other prizes, including $750,000 in cash prizes plus 150 EQ3 Bird swivel chairs as secondary prizes.

For a limited time this September, referrals are also boosted — each successful referral earns 100,000 entries, and the max entries cap has been raised to 300,000. That means you're only three friends away from maxing out your entries.

Yes! Monthly Millionaire is an ongoing contest that runs every month. Learn more here.

Check the Wealthsimple web or mobile app every Thursday evening to reveal whether you've won.

You earn 1 entry for every $1 of net deposits. Net deposits are calculated as your total deposits and transfers into your Wealthsimple accounts, minus any withdrawals. For example, if you deposit $500 but withdraw $200, your net deposit would be $300, earning you 300 entries.

If you have a direct deposit set up, your entries are automatically doubled, so in the same example, you’d earn 600 entries instead.

Please note that not all withdrawals will count against your entries. The following transactions are exempt:

• Transfers between your own Wealthsimple accounts
• Payments with your Prepaid Mastercard
• Payments to a Wealthsimple Visa card, bill payments, or Pre-Authorized Debits (PADs)
• Margin debit balance withdrawals or borrowing against a portfolio line of credit

All account and activity types are eligible. Here are some examples:

Deposits from outside of Wealthsimple, including:

• Direct deposits
• Linked external bank account transfers
• Interac e-Transfer®
• Wire transfers
• Linked Visa or Mastercard debit card deposits
• Physical cash deposits
• E-transfers and peer-to-peer payments received into the Entrant’s account(s)

Eligible account types for institutional transfers:

• RRSP
• Spousal RRSP
• LIRA
• TFSA
• Non-registered
• Crypto
• FHSA
• RESP
• RRIF
• LIF
• Corporate/Business accounts

For deposits, both initiation and completion must occur on or after August 27. If so, it will automatically count toward your entries once you register, even if it happened prior to your registration date. Any activity initiated or completed before August 27 is not eligible for this giveaway.

The same rule applies to referrals. Your entries will automatically count toward your total if:

• You must hold at least $100 CAD in net deposits at the time of the referral
• Your friend joined Wealthsimple using your referral link
• They funded at least $100 within 30 days of joining
• Their funding completed between August 27, 2026 and September 30, 2026

You'll still earn entries even if you hadn't registered yet at the time of their funding.

Any activity completed before August 27 will not be eligible, as it predates the contest's entry window. Please note that no exceptions can be made.

Yes! Your entries will accumulate week-over-week until the grand prize draw.

Your total entries will reset for each new Monthly Millionaire reset each month, for which you’ll automatically be enrolled and receive 500 entries.

For example, if you register and make a deposit in the first week, those entries will count towards all 5 draws in September. Your total entries will reset to 500 on August 27, the date that the September Millionaire draw begins, as long as you remain registered.

Note that these entries would be doubled to 1,000 if you have direct deposit set up.

Yes! This giveaway can be combined with any other Wealthsimple offer that’s currently in the market, unless specified in those terms and conditions.

For example, you can earn $25 for referring friends, in addition to gaining 100,000 entries per referral.