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Business Chequing 1% Cash Back Offer (the “Promotion”)

This Promotion is sponsored by Wealthsimple Technologies Inc. (together with its affiliates  “Wealthsimple”). 

Effective Date. From June 12, 2026 at 12:01AM ET (the “Promotion Period”).

Eligibility. To be eligible for the Promotion, the person must, at the time of participation, including when the Cash Back (as defined below) is awarded:

  • be a new or existing Wealthsimple Business chequing account (a “Wealthsimple Account”) user, with all Wealthsimple accounts in good standing;

  • be a legal resident of Canada;

  • be the age of majority, or older, in their province/territory of residence; and

  • meet the requirements set out below.

(the “Client”).

Qualifying Spend. To participate in the Promotion, eligible Clients must make a qualifying purchase using their Wealthsimple Business Prepaid Visa* card (the “Prepaid Card”) (each a “Qualifying Spend”). For greater certainty, cash-like transactions, gift card purchases, refunds, and fees and adjustments do not count towards a Qualifying Spend. 

There are no fees associated with the creation of a Wealthsimple Account. A Client can open a Wealthsimple Account by visiting https://www.wealthsimple.com/en-ca and following the instructions on how to create an account. Further details on transferring an account to Wealthsimple can be found at https://wsim.co/transfer-account. 

Cash Back. Once a Client completes a Qualifying Spend, the Client will earn 1% Cash Back on their Spend. All other terms and conditions associated with the Wealthsimple Account and the Prepaid Card apply. The Cash Back cannot be applied retroactively and remains subject to change, at Wealthsimple’s sole discretion.

Application of Cash Back. Clients may redeem the Cash Back as soon as the Qualifying Spend transaction is settled or up to 10 years after the Qualifying Spend transaction is settled. Cash Back can be redeemed directly in the Wealthsimple app. Cash Back can only be deposited into your Wealthsimple Business chequing, Business self-directed investing, or Business managed investing accounts. There is no minimum amount needed to redeem. If a refund is processed after the Cash Back credit is redeemed, the amount will be deducted from your rewards balance. 

If Wealthsimple, as determined at its sole discretion, suspects fraudulent behaviour or gaming the system, Wealthsimple reserves the right to disqualify the Client from participating in this Promotion and to take any other action it deems appropriate including, but not limited to, removing the value benefited from the Cash Back from the Client’s Wealthsimple Account, or closing their Wealthsimple Account(s).

Tax Implications. There are tax implications to bonuses and rewards of this nature in most instances. Please consult with an accountant or tax professional for additional guidance. Wealthsimple will not be issuing clients a tax slip to report Bonuses paid to a non-registered account. Clients are solely responsible for any required tax reporting.

Combinability. Unless specified in the terms of other promotions, this Promotion can be combined with other offers or promotion codes.

If, after receiving a commitment letter pursuant to this Promotion, the Client subsequently registers for another non-combinable promotion(s), please refer to the terms for those promotion(s) for details.

Currency. All currency shown in these terms and conditions are in Canadian dollars.

Release. By participating in the Promotion, Client assumes all risk of injury, illness, disease, death, or any other damage which may arise in connection with their participation in the Promotion. Without limiting the foregoing, client hereby: (a) forever releases and discharges Wealthsimple and its parent companies, subsidiaries, affiliates, related and associated entities and employees, directors, officers, suppliers, agents, sponsors and administrators of each (collectively, the “Releasees”), from and against any and all claims, actions, costs, liabilities, judgments, damages, obligations, losses, penalties, and expenses of any kind or nature whatsoever (including legal fees) in any way arising directly or indirectly out of any injury, loss, or damage that the Client may suffer as a result of, or in connection with the participation in the Promotion or any promotion-related activity, including the posting of the Cash Back in their Wealthsimple account and subsequent use of the Cash Back; and (b) indemnifies, defends and holds harmless the Releasees from and against any and all damages, loss and expenses, including legal fees, which may be suffered directly or indirectly by reason of the Client’s own negligence or willful misconduct during or in connection with their participation in the Promotion.

General. Wealthsimple reserves the right to cancel, amend, withdraw or restrict the Promotion at any time without notice. Wealthsimple is the sole arbiter of these rules and any other issue arising under the Promotion. If Wealthsimple suspects fraudulent or abusive behaviour, gaming of the system, inappropriate, offensive or derogatory language or information or a violation of these terms, as determined in Wealthsimple’s sole and absolute discretion, Wealthsimple reserves the right to remove all promotions from the Wealthsimple account(s) and take any other action it deems appropriate including, but not limited to, removing the Cash Back or closing the Wealthsimple account(s). This Promotion cannot be used in conjunction with any other promotional offer, unless specified herein. An invitation to participate in this Promotion does not provide assurance that you will be accepted as a customer of Wealthsimple. This Promotion is only valid for individuals in the location cited above that otherwise meet our eligibility requirements. The standard terms (https://www.wealthsimple.com/en-ca/legal/terms) relating to the use of Wealthsimple and any agreements that apply to the Wealthsimple account(s) each apply and are not affected in any way by this Promotion.

In the event of any discrepancy or inconsistency between the terms and conditions of the Promotion and disclosures or other statements contained in any related materials, including but not limited to the point of sale, print or online advertising, the terms and conditions of the Promotion shall prevail, govern and control.

Wealthsimple Business chequing accounts are offered by Wealthsimple Investments Inc. (“WSII”), a member of the Canadian Investment Regulatory Organization, and Wealthsimple Payments Inc. (“WSP”), a Financial Transactions and Reports Analysis Centre of Canada (“FINTRAC”) registered money services business.  WSP is a payment service provider registered with the Bank of Canada under the Retail Payments Activities Act. Registration with the Bank of Canada does not imply endorsement of WSP by the Bank of Canada. WSP has appointed WSII as its agent to perform certain payment activities offered through the Business chequing account(s). The funds you add to a Business chequing account (the “Funds”) are ultimately held securely in trust with members of the Canada Deposit Insurance Corporation (“CDIC”). CDIC protects eligible deposits held at CDIC member institutions in case of a member institution’s failure. WSP and WSII are not CDIC member institutions. Under the trust framework, CDIC insures eligible cash balances up to $100,000 per beneficiary, per member institution, provided certain disclosure rules are met. Coverage is free and automatic. Learn more about how CDIC protection works. The advertised interest rate for the Business chequing account is derived from interest earned by Wealthsimple on the funds. The Funds are settled with any CDIC member(s) one business day following the date that Funds are reflected in the account.

The Wealthsimple Business Prepaid Visa Card (the “Card”) is issued and managed by WSP. Use of the Card is subject to the Wealthsimple Business Prepaid Cardholder Agreement.

*Trademark of Visa Int., used under license.