Wealthsimple updated its referral program on June 23 to provide a flat $25 CAD cash payment to both the referrer and the new client after an external deposit or transfer of at least $100. The change took effect June 8 and is documented on the firm’s official promotion page.
Questrade introduced a separate promotion running from June 23 through July 23 that offers new clients up to $500 CAD. The amount is tiered according to account activity completed within the window, with payment scheduled by mid-September. Details appear on the broker’s programs and promotions page.
No material revisions have been reported to the ongoing TD Direct Investing transfer offer, which continues through July 31, or to Interactive Brokers’ referral program since June 20.
These limited incentives are confirmed only through the two primary sources cited above. They apply strictly to qualifying new or transferred accounts and carry standard eligibility conditions such as minimum funding and holding periods.
For Canadian investors evaluating brokerage changes, the promotions represent modest, time-bound cash amounts that may partially offset transfer or account-opening costs. All figures remain subject to the terms published by each firm and should be verified directly before any action.