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Accounts

If you want to make your money work for you, then you have to make sure it’s in the right account. Some accounts are for retirement, some are for short-term savings, some have tax advantages. Sound confusing? It’s actually not. We swear. Let us show you the way.

Everything You Need to Know About Tax Free Savings Accounts (TFSAs)

By Andrew Goldman

A Tax Free Savings Account is not only one of the great wonders of the world, it’s also one of the great misnomers of the English language. Why is that? Well, it’s so much more than a boring savings account.

What is an RRSP? Registered Retirement Savings Plan Explained 2022

By Andrew Goldman

An RRSP happens to be the most important account for every Canadian who hopes to build a nice little retirement nest egg. Read on to learn everything you need to know open one and start investing.

Chequing vs Savings Account

By Luisa Rollenhagen

What's the difference between a savings and chequing account — we compare them both and let you in on the pros and cons of each.

What is an RESP? College Savings for Your Kids

By Andrew Goldman and Luisa Rollenhagen

An RESP is an investment account designed to help you save for a child's education.

What is a Corporate Account?

By Andrew Goldman

It's the answer to a question as old as the CRA. Find out what a corporate account is and why you might use one.

What's a LIRA?

By Andrew Goldman

It's an account that lets you roll over money from a pension account after you leave your job.

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TFSA Calculator

Our free TFSA calculator will help you understand how much your TFSA could be worth and how much tax you could save. Get started by telling us about your current TFSA contributions.

RRSP Calculator

Our free RRSP calculator will help you can contribute to an RRSP and what it could be worth. Get started by telling us about your current retirement savings.

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TFSA Deadline 2022 | When Does TFSA Contribution Room Reset?

By Andrew Goldman

Find out when the TFSA deadline is for 2022 and other useful information on TFSAs.

Everything You Need to Know About Tax Free Savings Accounts (TFSAs)

By Andrew Goldman

A Tax Free Savings Account is not only one of the great wonders of the world, it’s also one of the great misnomers of the English language. Why is that? Well, it’s so much more than a boring savings account.

What is the TFSA Limit for 2022?

By Andrew Goldman

Curious to know the TFSA limit for this year or any year since 2009? We got 'em all, plus other important information about limits.

Is Tradestation Available in Canada?

By Luisa Rollenhagen

Curious if Tradestation is available in Canada? Here's what you need to know.

What is an RESP? College Savings for Your Kids

By Andrew Goldman and Luisa Rollenhagen

An RESP is an investment account designed to help you save for a child's education.

TFSA Rules For Trading And Withdrawals in Canada 2022

By Ryan O'Leary

A guide to help you understand TFSA rules. Understand contribution, withdrawal, investing rules.

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Last Updated: May 2, 2022

We provide investment services and other financial products through several affiliates.

Wealthsimple Trade is offered by Wealthsimple Investments Inc. (“WSII”), a registered investment dealer in each province and territory of Canada, a member of the Investment Industry Regulatory Organization of Canada (IIROC) (www.iiroc.ca) and a member of the Canadian Investor Protection Fund (CIPF) (www.cipf.ca), the benefits of which are limited to activities undertaken by WSII.

Wealthsimple Invest and Work are offered by Wealthsimple Inc., a registered portfolio manager in each province and territory of Canada. Assets in your Invest and Work accounts are held with WSII.

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All cash balances from your Wealthsimple Cash and Save account(s) are held in trust at a Canada Deposit Insurance Corporation (CDIC) member institution. Wealthsimple Investments Inc. is not a CDIC member institution. CDIC is a federal Crown corporation. CDIC is not a bank or a private insurance company. CDIC protects eligible deposits held at CDIC member institutions in case of a member’s failure. For eligible deposits held in trust at a CDIC member institution, CDIC insures up to $100,000 for each beneficiary named in a trust, provided certain disclosure rules are met. Coverage is free and automatic. For more information on how CDIC trust protection works, click here.

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