How I manage
my finances
I've been using Wealthsimple for a few years now — commission-free trading, a high-interest Cash account, and the simplest tax filing I've ever done. Genuinely happy with it.
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Trusted & Secure
Over 3 million Canadians use it, including me. My accounts are CIPF-protected — peace of mind matters.
Low Fees
I stopped paying my bank's high fees. Wealthsimple's Cash account earns interest my old bank never offered.
Smart Investing
I started with managed investing, then moved to self-directed trading as I got more comfortable. Both work great.
Premium Benefits
As my balance grew, I unlocked lower fees and better perks. It genuinely gets better the more you use it.
By the numbers
Products I Use
Managed Investing
My RRSP sits in Wealthsimple's managed investing — I picked a risk level once, and it's handled building and rebalancing a diversified ETF portfolio for me ever since. Low fees, automatic rebalancing, dividend reinvestment. I went with the classic portfolio but there are also socially responsible and Halal options.
Wealthsimple Trade
This is where I handle all my active trading. Zero-commission stocks and ETFs, fractional shares starting at $1, options, plus every registered account I need — TFSA, RRSP, FHSA. Having a platform like this in Canada still feels like a genuine step forward.
Wealthsimple Cash
This is the account I use for everything day to day. No monthly fees, strong interest, and the Visa Platinum Prepaid card handles routine spending without any fuss. My direct deposit runs through it, and I haven't second-guessed that choice. The $1M CDIC coverage through their partner banks is a huge plus.
Wealthsimple Crypto
I hold some crypto here. 90+ coins, regulated and insured cold storage, and I can withdraw to my own wallet. I also stake ETH here — the rewards aren't huge but it's effortless. Probably the safest way to hold crypto in Canada.
Wealthsimple Tax
I've been filing my taxes with Wealthsimple Tax for the past few years. It's free (pay what you want), auto-fills from the CRA, and I've always gotten my full refund. Genuinely the easiest tax experience I've had.
Cashback Credit Card
I recently got the Wealthsimple credit card. Every purchase earns 2% back with no categories to track, there's no FX fee even when I'm buying in another currency, and the cash back deposits straight into my account. It now comes in two tiers — the base Visa Infinite+, and the Visa Infinite Privilege, which is the one that actually unlocks lounge access once your income or assets qualify.
Start with $0 — seriously
I started with very little. No minimums, no excuses. Open an account in under 5 minutes.
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Recent guides and updates
I Got the Wealthsimple Credit Card — Here's What the 2% Actually Looks Like
I applied for the Wealthsimple Credit Card mostly for the flat 2% cash back. A few months in, here's what the fee waiver, the FX savings, and the two card tiers actually mean day to day.
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I Moved My Direct Deposit to Wealthsimple Chequing — Here's What Actually Changed
I moved my everyday banking to Wealthsimple's no-fee chequing account. Here's what the interest tiers, the prepaid card, and the fee list actually look like once you're using it daily.
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I Read a Wealthsimple Piece on Diversification and Went to Check My Own Portfolio
Wealthsimple's magazine has a good breakdown of what 'diversified' actually means. It sent me digging into my own Managed Investing account to see if mine holds up.
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What I Learned Withdrawing From an RESP for the First Time
My daughter started CEGEP this month and I had to actually withdraw from her RESP for the first time. The rules for taking money out turned out to be a lot less obvious than the rules for putting it in.
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