Refer a friend to Wealthsimple and you both get $25 CAD once they open a new account and deposit at least $100 within 30 days.
Researched and rated by the BrokerBonuses editorial team · Last verified 2026-06-07 · How we rate
Risk warning: Trading carries a high risk of losing money, especially with leveraged products such as CFDs. A bonus does not reduce that risk. Only deposit what you can afford to lose.
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Availability
Checking availability…The catch
To keep the $25, the referred friend must leave the full qualifying deposit (at least $100 CAD of net deposits) in their Wealthsimple account for 180 days. Any withdrawal during that window that drops net deposits below the qualifying amount can claw back the bonus, and the clawback can apply even to withdrawals made from a different Wealthsimple account. After 180 days the $25 is unrestricted cash in the chequing account.
How to claim
- Open the Wealthsimple app or sign in at my.wealthsimple.com and tap the gift icon to copy your personal referral link.
- Send the link to a friend who has never held a Wealthsimple investing, crypto, or chequing account.
- Your friend signs up through the link and opens a new account.
- Your friend deposits at least $100 CAD within 30 days of using the referral link.
- Both of you receive $25 CAD deposited automatically into your Wealthsimple chequing accounts, usually within 24 hours of the qualifying deposit.
Full review
Wealthsimple's referral program pays you and the person you invite $25 CAD each. Your friend has to be a new client (someone who has never opened a Wealthsimple investing, crypto, or chequing account), sign up through your personal referral link, and deposit a minimum of $100 from an outside account within 30 days.
The reward lands automatically in each person's Wealthsimple chequing account, normally within 24 hours of the qualifying deposit. The catch is the headline figure. Wealthsimple advertises bonuses of up to $2,000, but that top number requires your referee to deposit $1,000,000 or more.
The realistic outcome for almost everyone is the base $25, which kicks in at a $100 deposit. The tiers above it ($100 at $50,000, $500 at $100,000, $1,000 at $500,000) only matter to people moving large balances. There is also a hold rule: the bonus needs to sit in the account, and a withdrawal within the first 180 days can claw back the $25.
Eligibility is limited to Canadian residents who are the age of majority in their province (18 or 19). There is no cap on how many people you can refer. The referrer needs a Wealthsimple chequing account to receive the payout.
Pros
- +Both the referrer and the referee get $25, not just one party
- +Low $100 deposit threshold to qualify
- +Paid in cash to a chequing account, not locked in an investment product
- +No limit on how many friends you can refer
Cons
- −The advertised 'up to $2,000' requires a $1M deposit; most users only get $25
- −Bonus can be clawed back if funds are withdrawn within 180 days
- −Canada only
- −Referee must be a brand-new Wealthsimple client
- −The 180-day hold locks up the friend's full $100 deposit, not just the $25 bonus; withdrawing the deposit early can forfeit the reward
- −Clawback can be triggered even by a withdrawal from a different Wealthsimple account that lowers net deposits below the qualifying threshold
CAD 25 with Wealthsimple
Now you know the terms. Claim it on the broker's own site.
Sources & verification
We research every bonus from the broker's official pages and re-check it on a 60-day schedule.
Confirmed against official sources: Bonus amount, type, status, Minimum deposit, Time limit, Hold requirement, Withdrawal terms, Account type.
Broker regulation: Canadian Investment Regulatory Organization (license Investment Dealer - All Canadian Provinces and Territories), Canadian Investor Protection Fund (license Member - CIPF Coverage up to $1,000,000 per account).
- Bonus terms and conditions: promotions.wealthsimple.com ↗
- Wealthsimple official site: wealthsimple.com ↗
Last verified 2026-06-07. Next review within 60 days.