Wealthsimple updated its referral program effective June 8, replacing a prior tiered structure with a flat $25 cash bonus for both the referrer and referee upon a qualifying $100 deposit. The change is confirmed on the firm's dedicated promotion page.
The same firm refreshed details for its 1% match promotion on June 11. Under the current terms, participants may receive up to a $20,000 bonus calculated as 1% of net qualifying transfers, with the offer originally effective May 4. Both updates are documented directly on Wealthsimple's promotion pages.
No comparable adjustments have been reported by other major platforms since June 6. Questrade continues its existing $300 promotion, scheduled to end June 22, while TD Direct Investing maintains its spring offer with a registration deadline of June 30. Interactive Brokers has likewise shown no material changes.
Canadian investors evaluating these incentives should review eligibility criteria, minimum holding periods, and tax implications on their own, as the offers are time-limited and subject to specific account and transfer rules.
- Wealthsimple referral: $25 flat for both parties on $100+ deposit (effective June 8)
- Wealthsimple 1% match: up to $20,000 on net transfers (terms updated June 11)
- Questrade $300 offer ends June 22; TD registration closes June 30