Question 1

How do I get the Wealthsimple $25 sign-up bonus?

Accepted Answer

To get the $25 Wealthsimple bonus: (1) Sign up via our referral link, (2) Verify your identity (takes 5-10 minutes), (3) Deposit $100 or more into your account, (4) The $25 bonus will appear in your account within 2-3 business days. The bonus can be invested immediately or withdrawn.

Question 2

Is Wealthsimple safe and regulated in Canada?

Accepted Answer

Yes, Wealthsimple is completely safe. It is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and all account deposits are insured by the Canadian Investor Protection Fund (CIPF) up to $1 million. Your data is encrypted and secure.

Question 3

What is the difference between a Wealthsimple TFSA and RRSP?

Accepted Answer

A TFSA (Tax-Free Savings Account) lets you withdraw money tax-free anytime—best for short-term goals. An RRSP (Registered Retirement Savings Plan) gives you a tax deduction when you contribute—best for reducing your taxable income if you are a high earner. Most people should max out their TFSA first, then contribute to an RRSP.

Question 4

How much should I invest in Wealthsimple each month?

Accepted Answer

Use this calculator to see how much you need to invest to reach your financial independence goal. Most people should aim to invest 10-20% of their income. Start with whatever amount you can afford—even $50-100 per month adds up over time. The earlier you start, the more compound growth helps you.

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