Complete Guide to Wealthsimple Canada 2025
Your trusted resource for Wealthsimple and wealth simple services. Login help, tax calculator, trading guides, reviews, fees, and everything you need to know about Canada's #1 fintech platform.
Complete Wealthsimple Services Guide
Everything you need to know about Wealthsimple and wealth simple platform services
Wealthsimple Invest
4.8/5Automated investing and portfolio management
Wealthsimple Trade
4.7/5Commission-free stock and ETF trading
Wealthsimple Tax
4.9/5Free tax filing software
Wealthsimple Cash
4.6/5High-interest savings account
Wealthsimple Account Types - RRSP, TFSA, and More
Complete guide to all available account types and tax-advantaged investing in Canada
TFSA (Tax-Free Savings)
RRSP (Retirement)
Taxable Account
2025 Contribution Strategy
If You're Under 40:
- Maximize TFSA first ($7,000 in 2025)
- Contribute to RRSP if employer matching
- Use remaining TFSA room from previous years
- Then maximize RRSP for tax deduction
If You're Over 40:
- Maximize RRSP first for tax savings
- Use tax refund to fund TFSA
- Consider spousal RRSP strategies
- Plan for retirement income splitting
Wealthsimple Fees & Pricing 2025
Complete breakdown of all Wealthsimple and wealth simple costs and fees
| Account Type | Management Fee | Minimum Balance | Additional Fees |
|---|---|---|---|
| Wealthsimple Invest (Basic) | 0.5% | $0 | No trading fees |
| Wealthsimple Invest (Premium) | 0.4% | $100,000 | No trading fees, Premium features |
| Wealthsimple Trade | 0% | $0 | Free CAD trades, $1.25-$1.75 USD trades |
| Wealthsimple Cash | 0% | $0 | No monthly fees, No ATM fees |
| Wealthsimple Tax | 0% | N/A | Free for simple returns |
💡 Money-Saving Tips
- • Upgrade to Premium at $100,000 to save 0.1% annually
- • Use Wealthsimple Trade for free Canadian stock trading
- • File simple tax returns completely free with Wealthsimple Tax
- • No account minimums or monthly fees on most services
Wealthsimple Portfolio Analysis & Performance
Detailed breakdown of Wealthsimple investment portfolios and historical performance
Risk Level Portfolios
Conservative (Risk Level 1-3)
Low RiskBalanced (Risk Level 4-7)
Medium RiskGrowth (Risk Level 8-10)
High RiskHistorical Performance
| Time Period | Conservative | Balanced | Growth |
|---|---|---|---|
| 1 Year | +4.2% | +7.8% | +12.1% |
| 3 Years | +5.1% | +8.6% | +11.9% |
| 5 Years | +4.8% | +7.2% | +9.8% |
| Since Inception | +5.3% | +8.1% | +10.4% |
Portfolio Composition
Wealthsimple by the Numbers
Key statistics and facts about Canada's leading fintech company
About Wealthsimple Company
Company Overview
- • Founded in 2014 by Mike Katchen
- • Headquarters in Toronto, Ontario
- • Backed by Power Financial Corporation
- • Regulated by IIROC and member of CIPF
- • Winner of multiple fintech awards
Key Milestones
- • 2014: Company founded
- • 2017: Launched Wealthsimple Trade
- • 2019: Introduced Wealthsimple Tax
- • 2021: Launched Wealthsimple Cash
- • 2024: Over $15B in assets under management
Wealthsimple Security & Insurance Protection
How your money and investments are protected with Wealthsimple
CIPF Protection
Investment accounts protected by Canadian Investor Protection Fund per account category
CDIC Insurance
Cash deposits in Wealthsimple Cash are CDIC insured through ShareOwner
Bank-Level Security
SSL encryption and multi-factor authentication protect your account
Regulatory Oversight
Security Features
What This Means for You
If Wealthsimple Goes Out of Business:
- • Your investments are protected by CIPF up to $1 million
- • Assets are held in trust, separate from company assets
- • You maintain ownership of your securities
- • Accounts can be transferred to another broker
If There's a Security Breach:
- • Multiple layers of encryption protect your data
- • Immediate alerts and account freezing capabilities
- • Regular security audits and penetration testing
- • Compliance with Canadian privacy laws
How Wealthsimple Compares to Competitors
See how Wealthsimple stacks up against other Canadian investment platforms
| Platform | Management Fee | Minimum Investment | Trading Fees | Account Types | Rating |
|---|---|---|---|---|---|
| WealthsimpleRECOMMENDED | 0.4-0.5% | $1 | Free CAD | All major accounts | 4.8/5 |
| Questrade | 0.25% | $1,000 | $4.95-$9.95 | All major accounts | 4.2/5 |
| TD Direct Investing | 1.5-2.5% | $25,000 | $9.99 | All major accounts | 3.8/5 |
| RBC InvestEase | 0.5% | $1,000 | N/A (robo-advisor) | Limited | 4.0/5 |
🏆 Why Wealthsimple Wins
- • Lowest minimum investment requirement ($1 vs $1,000+)
- • Completely free Canadian stock trading
- • Most user-friendly mobile app experience
- • Comprehensive suite of financial services in one platform
- • Excellent customer support and educational resources
Wealthsimple Tax Optimization & Strategies
Advanced tax strategies and tools to maximize your after-tax returns
Tax-Loss Harvesting
Asset Location Strategy
Tax-Efficient Account Placement
2025 Tax Planning Calendar
Tax Season Prep
- • Download tax documents
- • Use Wealthsimple Tax for filing
- • Contribute to RRSP before deadline
- • Plan tax refund investment
Mid-Year Review
- • Review portfolio performance
- • Rebalance if needed
- • Assess TFSA contributions
- • Consider income splitting
Tax Harvesting
- • Monitor tax-loss harvesting
- • Review asset allocation
- • Plan year-end strategies
- • Update beneficiaries
Year-End Planning
- • Maximize TFSA contributions
- • Realize capital gains/losses
- • Plan next year's RRSP
- • Review investment strategy
Wealthsimple App - Complete Feature Guide
Everything you can do with the award-winning Wealthsimple mobile app
Investing Features
- ✓View portfolio performance in real-time
- ✓Set up automatic deposits and investments
- ✓Track goal progress with visual charts
- ✓Receive portfolio rebalancing notifications
- ✓Access detailed investment breakdown
- ✓Download tax documents instantly
Trading Features
- ✓Buy and sell stocks commission-free
- ✓Research stocks with detailed analytics
- ✓Set price alerts and limit orders
- ✓Access real-time market data
- ✓Trade fractional shares
- ✓Options trading capabilities
Banking Features
- ✓High-interest savings account
- ✓Instant transfers between accounts
- ✓Bill payments and e-transfers
- ✓Credit card with cash back rewards
- ✓Spending insights and budgeting
- ✓Round-up investments from purchases
App Performance & Ratings
Recent App Updates (2025)
Security Features
Wealthsimple FAQ - Everything You Need to Know
Most commonly asked questions about Wealthsimple and wealth simple services
What is Wealthsimple and how does it work?
GeneralWealthsimple is Canada's largest robo-advisor and fintech company offering automated investing, commission-free trading, tax filing, and banking services. It uses technology to make investing accessible and affordable for all Canadians.
Is Wealthsimple safe and regulated?
SecurityYes, Wealthsimple is regulated by IIROC and is a member of CIPF. Your investments are protected up to $1 million per account category, and cash accounts are CDIC insured up to $100,000.
How much does Wealthsimple cost?
FeesWealthsimple Invest charges 0.4-0.5% annually. Wealthsimple Trade is commission-free for Canadian stocks and ETFs. Wealthsimple Tax is free for simple returns.
Can I use Wealthsimple if I'm new to investing?
BeginnerAbsolutely! Wealthsimple is designed for beginners. The platform provides educational resources, automated portfolio management, and you can start investing with just $1.
What's the difference between Wealthsimple Invest and Trade?
ProductsWealthsimple Invest is automated investing with professionally managed portfolios. Wealthsimple Trade lets you buy and sell individual stocks and ETFs yourself.
How do I contact Wealthsimple customer support?
SupportYou can contact Wealthsimple through their app, website live chat, email at support@wealthsimple.com, or phone at 1-855-795-8889 (Monday-Friday, 9 AM - 9 PM ET).
Real Wealthsimple User Reviews
See what actual Canadians say about their Wealthsimple experience
"Wealthsimple has made investing so simple! I love the automated portfolios and the app is incredibly user-friendly. Great for beginners like me."
"Free trading on Canadian stocks is amazing! Wealthsimple Trade has saved me hundreds in commissions. The app works perfectly."
"Filed my taxes for free with Wealthsimple Tax. So easy and got my refund quickly. Will definitely use again next year."
"Great interest rates on the Cash account. Love having everything in one app - investing, trading, and banking all together."
Join Over 3 Million Satisfied Users
How to Get Started with Wealthsimple
Complete step-by-step guide to start using Wealthsimple services today
Wealthsimple Invest Setup
Wealthsimple Trade Setup
🎁 New User Bonuses
Get up to $150 in bonus cash when you sign up and fund your account with certain amounts. Terms and conditions apply.
Wealthsimple Tools & Resources
Essential tools and guides to maximize your Wealthsimple experience
Tax Calculator 2025
Calculate your income taxes and estimate your refund with our comprehensive tax calculator.
Use CalculatorMobile App Guide
Complete guide to using the Wealthsimple app for investing, trading, and banking.
Read GuideTrading Tutorial
Learn how to buy stocks, research investments, and build your portfolio.
Start LearningCareer Information
Learn about working at Wealthsimple and available career opportunities.
Explore CareersLatest Blog Posts
Wealthsimple Login Canada Guide
Complete step-by-step guide to accessing your Wealthsimple account...
Read More →Wealthsimple Income Tax Calculator 2025
Everything you need to know about filing taxes with Wealthsimple...
Read More →Ready to Start Your Wealthsimple Journey?
Join over 3 million Canadians who trust Wealthsimple with their financial future. Get started today with our comprehensive guides and tools.
Need Personal Help?
While we provide comprehensive guides, for account-specific issues contact Wealthsimple directly:
About This Guide
This is an independent informational website. We're not affiliated with Wealthsimple Technologies Inc. Our content is educational and not financial advice.
This comprehensive guide covers everything about Wealthsimple and wealth simple services in Canada. Bookmark this page for the latest updates and information.
Wealthsimple Success Stories - Real Canadians, Real Results
See how Canadians are achieving their financial goals with Wealthsimple
Alex, 28, Toronto
"Started with just $100/month in my TFSA. Wealthsimple's automatic investing made it so easy. Now I'm on track to buy my first home next year!"
• Balanced growth portfolio
• Regular contribution increases
Sarah, 45, Vancouver
"Switched from my bank's mutual funds to Wealthsimple. Lower fees means my retirement savings are growing faster. The tax-loss harvesting saved me thousands!"
• Premium account (0.4% fees)
• Tax-loss harvesting
Robert, 62, Calgary
"Moved my portfolio to Wealthsimple 5 years ago. The automatic rebalancing and conservative approach gives me peace of mind as I approach retirement."
• Systematic withdrawal planning
• Risk level adjustment over time
Average Wealthsimple User Results
Canadian Market Analysis & Economic Outlook 2025
Expert insights on Canadian markets and economic trends affecting your investments
Key Economic Indicators (2025)
Investment Outlook
Positive Trends:
- ✓Stabilizing interest rates
- ✓Strong employment growth
- ✓Improving consumer confidence
- ✓Technology sector momentum
Watch Points:
- ⚠Housing market correction
- ⚠Global economic uncertainty
- ⚠Commodity price volatility
Sector Performance & Opportunities
🚀 Outperforming Sectors
📊 Stable Sectors
📉 Challenged Sectors
Wealthsimple International Investing Guide
Diversify globally with Wealthsimple's international investment options
Global Portfolio Allocation
Why International Diversification?
International ETFs in Wealthsimple Portfolios
| ETF | Region/Focus | MER | Holdings | Currency |
|---|---|---|---|---|
| VTI | US Total Stock Market | 0.03% | 4,000+ stocks | USD (hedged) |
| VEA | Developed Markets ex-US | 0.05% | 4,000+ stocks | CAD hedged |
| VWO | Emerging Markets | 0.10% | 5,000+ stocks | Unhedged |
| VSB | Canadian Short-term Bonds | 0.15% | Government & Corporate | CAD |
Wealthsimple Socially Responsible Investing (SRI)
Align your investments with your values through Wealthsimple's ESG options
What is SRI?
Socially Responsible Investing (SRI) considers environmental, social, and governance (ESG) factors alongside financial returns when selecting investments.
Wealthsimple SRI Performance
SRI Portfolio Holdings
✅ Companies Included
- • Technology companies with strong data privacy practices
- • Renewable energy and clean technology firms
- • Companies with diverse leadership and fair labor practices
- • Healthcare companies improving global health outcomes
- • Financial institutions with transparent governance
- • Consumer goods companies with sustainable practices
❌ Industries Excluded
- • Tobacco companies
- • Weapons and defense contractors
- • Companies with poor environmental records
- • Firms with significant fossil fuel exposure
- • Companies with controversial labor practices
- • Gambling and adult entertainment industries
Why Choose Wealthsimple SRI?
Values Alignment
Invest according to your personal values and beliefs
Competitive Returns
No compromise on financial performance
Easy Switching
Change between SRI and traditional portfolios anytime
Wealthsimple Trade Advanced Features Guide
Master advanced trading tools and strategies with Wealthsimple Trade
Options Trading
Covered Calls
Generate income from stocks you own by selling call options
Cash-Secured Puts
Potentially buy stocks at a lower price while earning premium
Protective Puts
Protect your stock positions from significant downside risk
Order Types
Market Order
Buy or sell immediately at the current market price
Limit Order
Set the maximum price you'll pay (buy) or minimum you'll accept (sell)
Stop-Loss Order
Automatically sell if the stock price falls to a certain level
Stop-Limit Order
Combines stop-loss with price limit for more control
Research Tools & Analytics
Technical Analysis
- • Interactive price charts
- • Moving averages (SMA, EMA)
- • RSI and MACD indicators
- • Support and resistance levels
- • Volume analysis
- • Candlestick patterns
Fundamental Data
- • P/E ratio and valuation metrics
- • Revenue and earnings growth
- • Dividend yield and history
- • Balance sheet strength
- • Analyst recommendations
- • Industry comparisons
Market Data
- • Real-time quotes (Level 1)
- • Pre and post-market data
- • Market movers and gainers
- • Sector performance
- • Economic calendar
- • News and earnings alerts
Trading Strategies for Different Goals
💰 Income Generation
- • Dividend-paying stocks
- • REITs and utilities
- • Covered call strategies
- • Bond ETFs
📈 Growth Investing
- • Technology leaders
- • Small-cap growth stocks
- • Emerging market ETFs
- • Innovation-focused funds
🛡️ Capital Preservation
- • Blue-chip dividend stocks
- • Government bonds
- • Defensive sectors
- • Low-volatility ETFs
The Future of Wealthsimple & Canadian Fintech
What's next for Wealthsimple and the Canadian financial technology landscape
Upcoming Features (2025-2026)
Industry Trends & Impact
🚀 Open Banking
Enhanced data sharing between financial institutions will enable more personalized services and better financial management tools.
🤖 Artificial Intelligence
AI will provide more sophisticated investment advice, fraud detection, and customer support through advanced chatbots and predictive analytics.
🌱 ESG Integration
Growing demand for sustainable investing will drive more ESG options and impact measurement tools within investment platforms.
💳 Digital Payments Evolution
Integration with emerging payment technologies including digital currencies and blockchain-based settlement systems.
Wealthsimple's Vision for 2030
Stay Ahead with Wealthsimple
As Canada's fintech leader, Wealthsimple continues to innovate and expand its services. Join millions of Canadians who are already building their financial future with cutting-edge technology.