Invest in ETFs, minus the commissions.

An ETF, or exchange-traded fund, is an investment that holds a collection of assets like stocks and bonds. You can buy and sell shares of an ETF on a stock exchange throughout the day, just like a stock. It’s a convenient way to get a diversified portfolio with a single purchase.

We don’t charge any commissions when you buy or sell Canadian or U.S. ETFs. If you trade ETFs listed in U.S. dollars, a currency conversion fee will apply when converting your funds between CAD and USD.

You can find out more about FX fees here.

There are no account minimums to get started. You can begin investing with as little as $1 by purchasing fractional shares of eligible ETFs.

Because our selection of ETFs is always growing, the most up-to-date list is inside the Wealthsimple app. Once you open a self-directed investing account, you can use the search feature to explore thousands of Canadian and U.S. ETFs. If you have a specific fund in mind, you can search for it by its name or ticker symbol.

Both are baskets of investments, but they have key differences. ETFs are traded on stock exchanges throughout the day at changing prices, while mutual funds are priced once at the end of the day. ETFs also typically have lower management fees than traditional mutual funds.

Yes. You can set up recurring investments to automatically buy your chosen ETFs on a weekly, bi-weekly, or monthly schedule. It’s a great way to put your investing strategy on autopilot.

Yes, you can turn on dividend reinvesting for eligible ETFs. This automatically uses your dividend payouts to buy more shares of the same ETF, helping your investment compound over time.

Taxes on ETFs depend on the account they’re held in. In a tax-free account like a TFSA, your gains are not taxed. In a tax-deferred account like an RRSP, taxes are postponed until you withdraw the funds. In a non-registered account, you’ll pay tax on any dividends, interest, and capital gains you earn.