Wealthsimple Features Beyond the $25 Bonus
Free tax returns. Cash back debit card. CIPF protection. All registered account types. Here's what you're actually getting.
Claim Your $25 + Unlock All Features →Free Tax Returns (Wealthsimple Tax)
Wealthsimple Tax is a completely free Canadian tax filing software — no hidden charges, no upgrade prompts.
It handles T-slips, capital gains calculations, RRSP deductions, investment income, and the T1 General. If you have a Wealthsimple investment account, your slips are automatically imported.
Compare that to TurboTax ($20–$50+) or H&R Block ($25–$80+) for a comparable return. Canadians with straightforward returns can save $30–$60 every year just by switching to Wealthsimple Tax.
- ✓100% free — including complex returns with investment income
- ✓Auto-imports Wealthsimple T-slips directly
- ✓Supports RRSP deductions, capital gains, rental income
- ✓NETFILE-certified — submits directly to CRA
Wealthsimple Cash Card
The Wealthsimple Cash account comes with a Visa debit card that earns cash back on every purchase. Exact rates depend on your plan — check wealthsimple.com for current tiers.
Unlike most Canadian debit cards, the Cash Card has no foreign exchange markup, making it one of the best cards for travel. Most bank debit and credit cards charge 2–3% on foreign currency transactions.
The card is funded directly from your Wealthsimple Cash balance, with no monthly fees on the base account.
- ✓Cash back on all purchases (rate varies by plan — verify at wealthsimple.com)
- ✓No foreign exchange markup on international purchases
- ✓No monthly fee on the base Cash account
- ✓Visa debit — accepted worldwide
CIPF Protection & Account Security
Wealthsimple is a member of the Canadian Investor Protection Fund (CIPF). If Wealthsimple were to become insolvent, CIPF covers eligible client assets up to $1,000,000 per account category.
This is the same protection offered by every IIROC-regulated firm in Canada, including TD Direct Investing, RBC Direct, and Questrade.
Cash held in a Wealthsimple Cash account is also eligible for CDIC deposit insurance (Canada Deposit Insurance Corporation) up to $100,000 per depositor category.
- ✓CIPF member — investments protected up to $1M per account category
- ✓CDIC member — cash protected up to $100,000
- ✓IIROC-regulated (now CIRO) — same oversight as major banks
- ✓2-factor authentication and biometric login
All Registered Account Types
Wealthsimple supports every major Canadian registered account type in one app — no need for separate accounts at different institutions.
You can hold a TFSA, RRSP, FHSA, non-registered account, and Cash account all under one login, with instant transfers between them.
- ✓TFSA — tax-free growth, no withdrawal penalty
- ✓RRSP — tax deduction today, deferred growth
- ✓FHSA — first-time home buyers, $8,000/year contribution room
- ✓Non-registered — no contribution limits, capital gains taxed
- ✓Cash account — high-interest savings, debit card access
- ✓Robo-advisor — managed portfolios with automatic rebalancing
Mobile App & Fractional Shares
Wealthsimple's mobile app is consistently ranked as Canada's top investing app on the App Store and Google Play. The interface is designed for clarity — beginners can navigate it without confusion, while advanced investors get the data they need.
Fractional shares mean you can invest any dollar amount in any stock. Want to buy $50 worth of Shopify or Apple without worrying about share prices? Wealthsimple handles it.
Instant deposits give you access to your funds immediately after initiating a transfer — before your bank even clears it.
- ✓Top-rated on App Store and Google Play (Canada)
- ✓Fractional shares — invest any dollar amount in any stock
- ✓Instant deposits — invest immediately after transfer
- ✓Auto-invest and recurring deposit features
Frequently Asked Questions
Quick answers about Wealthsimple features.
Ready to Get All of This for Free?
Open your Wealthsimple account with referral code NLX83A to claim your $25 bonus and unlock free tax returns, the Cash Card, and all registered account types.
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