Compare plans & benefits
Whether you’re just starting out or you’re an experienced investor, we’re here to help. Your plan is based on your assets with us, so as your wealth grows, your benefits will too.
Core
$1 in assets
Premium
$100,000 in assets
Generation
$500,000 in assets
Managed investing
Get a portfolio built by our experts.
| benefit | core | premium | generation |
|---|---|---|---|
Management fees Fees charged for selecting and buying assets, auto-rebalancing your portfolio, and reinvesting your dividends for you. Our management fees for Generation clients range from 0.4% for clients with $500,000 in assets, to 0.2% for clients with $10,000,000 or more in assets. To learn which rate you qualify for, reach out to our team of advisors. | 0.5% | 0.4% | 0.2%*–0.4% |
Auto-rebalancing A process in which your portfolios are automatically readjusted to account for deposits, withdrawals, changes in your goals, and price changes in your holdings. | |||
Dividend reinvesting A process in which dividends are periodically reinvested back into your portfolio. We use the dividends to purchase ETFs that are underweight based on the target asset allocation of your portfolio. | |||
Auto-deposits A deposit that automatically moves money into your investment account(s). You can set up auto-deposits on a weekly, bi-weekly, or monthly basis. | |||
Personalized portfolios You can design a portfolio based on your risk tolerance (Conservative, Balanced, Growth) and your values (Classic, Socially Responsible Investing, Halal). | |||
Private credit investments Private credit — also called “private lending” or “direct lending” — refers to loans made directly by investors to companies. It is private credit because the debt is not issued or traded on the public markets | |||
Private equity investments A long-term investment in privately-held companies to help them become more profitable. | |||
Tax loss harvesting A strategy that uses investment losses to create tax savings. We sell one investment for a loss, then immediately buy a very similar one to help limit your in-year tax burden. | Not included | ||
Custom portfolios Our advisors will design a custom portfolio with personalized asset allocation tailored to your unique financial needs. | Not included | Not included | |
Asset location A process by which we optimize the type of account in which your specific securities are held in order to maximize tax advantages. | Not included | Not included | |
CIPF coverage Canadian Investor Protection Fund (CIPF) coverage protects you if your investment dealer becomes insolvent. Your securities may be eligible for coverage up to specified limits. |
Self-directed investing
Build your own portfolio with low fees.
| benefit | core | premium | generation |
|---|---|---|---|
Commission fees | $0 | $0 | $0 |
USD accounts Free 30-day trialAccounts funded with U.S. dollars so you can trade U.S.-listed securities without fees. To fund a USD account, you can move USD you already have (for free), or convert CAD to USD for a 1.5% currency conversion fee. | $10/month | ||
Instant deposits Instant deposits are applied across the client’s Managed investing, Self-direct investing, and Crypto account(s). The actual instant deposit limit depends on your deposit history, net deposits, and other variables we use to calculate your unique limit. | Up to $50,000 | Up to $250,000 | Up to $250,000 |
Recurring investments A feature that allows you to automatically purchase a stock or ETF weekly, biweekly, or monthly. | |||
Dividend reinvestments Any eligible dividends you receive will be automatically reinvested into that same stock or ETF within 24 hours. | |||
Fractional shares Stocks and ETFs available in fractional amounts. For example, if a stock price is $100, you could buy or sell just 1/10 of it for $10. | |||
Real-time streaming quotes | |||
Price alerts An alert that tracks when the price of a stock or ETF moves up or down a certain amount, or hits a price you’ve specified. | |||
Options contract fee Options are contracts that give you the right (but not the obligation) to buy or sell a specific stock, at a specific price, by a specific date. Additional fees apply, see trade fee disclosure for details. | $2 USD/contract | $0.75 USD/contract | $0.75 USD/contract |
Margin interest rate CAD Margin trading allows you to enhance your buying power by borrowing against your portfolio. As of October 24, 2024, Wealthsimple's rates are based on your client status and the CAD prime rate of 5.95%: Core clients pay prime +0.5%, Premium clients pay prime +0%, while Generation clients pay prime -0.5%. Rates are subject to change. Interest is calculated daily, and posted monthly. | 6.45% | 5.95% | 5.45% |
Margin interest rate USD Margin trading allows you to enhance your buying power by borrowing against your portfolio. As of October 24, 2024, Wealthsimple's rates are based on your client status and the USD prime rate of 7.75%: Core clients pay prime +0.5%, Premium clients pay prime +0%, while Generation clients pay prime -0.5%. Rates are subject to change. Interest is calculated daily, and posted monthly. | 8.25% | 7.75% | 7.25% |
Stock lending Commonly known as Fully Paid Lending. Stock Lending allows you to earn passive income on stocks you already own by lending your shares to other investors for a fee. There are no fees to participate, instead, you will earn 50% of the income that your loaned stocks generate. | |||
Foreign exchange fees A foreign exchange (FX) fee is charged when you convert Canadian dollars (CAD) to American dollars (USD) and vice-versa. This will happen when you fund a USD account (or withdraw from one), or every time you trade U.S.-listed stocks, ETFs, and options without a USD account. | 1.5% | 1.5% | 1.5% |
Instant withdrawal fees Immediately withdraw cash from your investment accounts to a Visa Debit for a 2.5% fee. Otherwise, withdrawals may take 1–3 business days. | 2.5% | 2.5% | 2.5% |
CIPF coverage Canadian Investor Protection Fund (CIPF) coverage protects you if your investment dealer becomes insolvent. Your securities may be eligible for coverage up to specified limits. |
Cash
Spend, save, and get rewarded.
| benefit | core | premium | generation |
|---|---|---|---|
Cash account interest An annualized rate – calculated daily and paid monthly directly into your Cash account. Rates are subject to change. | 2.75% | 3.25% | 3.75% |
Direct deposit | |||
Auto-invest your pay After setting up a direct deposit, you can choose to automatically invest part of your paycheque. | |||
Bill pay | |||
Monthly account fees | $0 | $0 | $0 |
Account minimums | $0 | $0 | $0 |
Cash back Get 1% back on pretty much anything you buy with your Wealthsimple Cash card. You can receive your bonus in stocks, cash, crypto — or have us invest it for you. | 1% | 1% | 1% |
ATM fees We don't charge any fees for using an ATM to withdraw your cash. If a domestic ATM provider does charge you, we'll reimburse any eligible fees of up to $5 per withdrawl. T&Cs apply. | $0 | $0 | $0 |
Foreign exchange fees We don’t charge any fees for using your Cash card to make purchases in a foreign currency (e.g. using your card abroad or buying from a U.S. site). | 0% | 0% | 0% |
Cash account CDIC coverage The balance in your Wealthsimple Cash account is held in trust for you with 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. Although Wealthsimple is not a CDIC member institution, under the trust framework, 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. Coverage is free and automatic. | Up to $1,000,000 | Up to $1,000,000 | Up to $1,000,000 |
Crypto
Buy, sell, and stake crypto.
| benefit | core | premium | generation |
|---|---|---|---|
Trading fees | 2% | 1% | 0.5% |
Recurring investments A feature enabling you to automatically purchase a crypto asset weekly, biweekly, or monthly. | |||
Price alerts A feature you can use to track when the price of a cryptocurrency moves up or down a certain amount. | |||
Staking yield Rewards earned from staking your cryptocurrencies. Rewards vary by crypto tokens. The annual percentage yield is network driven and can change at any time. This is your cut - all fees are already included. See Crypto Fee Schedule and Crypto Product Risk Disclosure for more details. | Up to 11% | Up to 11% | Up to 13.5% |
Insurance Coverage to help protect your crypto against hacks or theft. Our partners each have over $75M in cold storage coverage. |
Mortgages
Get low rates through Pine and cash rebates from us.
| benefit | core | premium | generation |
|---|---|---|---|
Client rebate As a Wealthsimple client, if you get a mortgage through our partner Pine, you're eligible for a rebate on your mortgage payments based on your plan. T&Cs apply. | 0.05% | 0.10% | 0.15% |
Deposit rebate The deposit rebate allows you to add an extra 0.05% onto the rebate on your mortgage payments for every $50,000 you transfer to Wealthsimple between getting your approval and 30 days post-closing. T&Cs apply. |
Tax
Easy, accurate, and affordable filing.
| benefit | core | premium | generation |
|---|---|---|---|
Basic plan Every powerful feature you need to file with confidence. | Pay what you want | Pay what you want | Pay what you want |
Plus plan All the Basic benefits + priority email support and audit protection. | $40 + tax | ||
Pro plan All the Plus benefits + one-on-one consultations with a tax expert. (Pro Plan is not available for residents of Québec or in French) | $80 + tax | $80 + tax | |
Maximum refund guaranteed Maximum refund guaranteed if you refile your taxes before December 31, 2024 using a competitor’s tax software and find a smaller payment due or larger refund when you enter identical information.
We will refund either (i) the purchase price or license fee for filing with that competitor’s tax software, up to a maximum of $50 CAD, or (ii) any payment you made for the year, whichever is greater in value.
Subject to our terms and conditions. | |||
Auto-fill my return Seamlessly import your income tax slips and investment info from CRA, Revenu Québec, and Wealthsimple accounts to speedily complete your return. | |||
Number of returns Total 2023 tax return filings allowed per Wealthsimple account. | 2 | 8 | 9+ |
Technical support If you run into any technical issues, email us and we'll help you through them. Support does not extend to tax advice. | Standard (3 days) | Priority (1 day) | Priority (1 day) |
Audit protection As part of our Plus and Pro plans, our audit support service helps you in the event that any of your tax returns are reviewed or audited by the CRA or Revenu Québec. | Not included | ||
Year-round tax advice Our tax experts will keep you updated via email on changes in the Tax code and how you can plan ahead for next year's taxes. | Not included | ||
Expert advice As part of our Pro plan, you can book a one-on-one 30-min live consultation with a tax expert with email follow-ups to answer questions, review your return, and optimize your deductions.
Availability only guaranteed if booked before April 1, 2024. Not available for residents of Québec. | Not included | Not included |
Financial planning & advice
Our advisors are here to help with your investing strategy.
| benefit | core | premium | generation |
|---|---|---|---|
Educational content | |||
Goal setting with an advisor Review your goals with one of our advisors. Wealthsimple advisors are fiduciaries and will be happy to help you with advice on your short-and long-term investing goals. | Not included | ||
Dedicated team of advisors Personalized advice from a specialized team of advisors. | Not included | Not included | |
Comprehensive financial plan Get a thorough review of your finances, taxes, and family financial planning needs with personalized recommendations for reaching your goals. | Not included | Not included |
Account management & support
Have questions? Our really helpful, really friendly team has you covered.
| benefit | core | premium | generation |
|---|---|---|---|
Human help Our really helpful, really friendly team is here for you, Monday to Friday. | |||
24/7 help centre Access thousands of helpful articles to help you find the right info, easily. Plus, you can talk to our chatbot anytime. | |||
Priority email service | Not included | ||
Priority phone service | Not included |
Partner perks
Think of these as the cherries on top.
| benefit | core | premium | generation |
|---|---|---|---|
Partner milestone rewards Unlock a reward of your choice with one of our partners once you reach $200,000 in assets, and at every $100,000 milestone after that. These rewards are in addition to any other partner perks. T&Cs apply. | 0 | 0–3 | 3 |
15% off your will Receive 15% off your first online will from Willful to make estate planning simpler. | Not included | ||
Medcan Year-Round Care plan Get access to everyday medical care, expert medical advice, and services covered outside of OHIP with Medcan’s Year-Round Care plan. (Ontario only) | Not included | 30% off | 40% off |
Medcan Annual Health Assessment Broader than your average yearly physical, get a comprehensive picture of your baseline health. (Ontario only) | Not included | 20% off | 30% off |
Airport Lounge Access We’ve partnered with DragonPass to offer you and your guests 10 airport lounge visits a year, available at over 1,300 locations worldwide. | Not included | Not included | 10 passes/year |
Put your wealth to work
Open an account, make a deposit, and start getting more from your money.
FAQs
You’ll automatically become a Premium client when you reach $100,000 with Wealthsimple.
Similarly, you’ll automatically become a Generation client when you reach $500,000 with Wealthsimple.
Your status is determined by whichever is higher — the value of your net deposits, or the value of your entire Wealthsimple portfolio.
So whether you’re a long-time client whose portfolio value has gone up over time (nice), or a brand-new client transferring to us, we want you to have every opportunity to qualify for Premium or Generation.
Almost all your Wealthsimple accounts are included! TFSAs, RESPs, RRSPs, GRSPs, LIRAs, and non-registered accounts — they’re all included, whether they’re Managed investing accounts or Self-directed accounts. So are your Crypto, Save, and Cash accounts.
If both your net deposits and total assets with Wealthsimple fall and stay below the $100,000 or $500,000 minimum you will be subject to a change in status.
You’ll no longer be charged for USD accounts, but you’ll keep receiving the same great benefits. You’ll save $10 a month, and continue on your path to reaching Generation status.
Your Premium and Generation plan comes with the perk of access to one of our experienced advisors. Set up time and get advice to help you meet your financial goals. Contact our team here.
Medcan's Comprehensive Health Plan helps you optimize your health now and in the future with a wide range of services. They include an annual health assessment, diagnostic testing with same-day results, on-demand appointments, travel health support, and genetics and genetic counselling.
For more information about the Medcan perks included with Premium, read here.
For more information about the Medcan perks included with Generation read here.
Once you sign up, you’ll receive the benefits of USD accounts for free. After the 30 day trial, you’ll automatically be billed $10/month for upcoming months.
To exchange CAD to USD, you’ll still be charged a 1.5% currency conversion fee, or you can transfer USD from another account for free.
Our management fees for Generation clients range from 0.4% for clients who have $500,000 with us, to 0.2% for clients who have $10,000,000 with us. To learn which rate you qualify for, reach out to our team of advisors here.