Listen to Our New Podcast!
Conversations with geniuses and weirdos, help with investing and taxes, and stories that help you understand the big strange world we live in
Powerful financial tools to help you grow and manage your money. Get started now.
Popular right now
The latest news from Wealthsimple
Listen to Our New Podcast!
We call it the Wealthsimple Magazine Podcast. How did we come up with the name? We’ll explain, but the short answer is: high-priced naming consultant.
Introducing: Wealthsimple for Work
What if you could replace your glitchy, high-fee, cumbersome retirement plan at work with something like Wealthsimple Invest? Well, now you can. And we want to give you $1,000 to spread the word.
Announcing Canada’s First 🔥 Way to Pay Your Friends Instantly
Download the new Wealthsimple Cash app, and seven seconds later you can pay rent, split the bill, or settle up with the dog-walker in an instant. And it’s totally free.
How Wealthsimple Trade Didn’t Break During GameStop
Lots of trading platforms went down during the meme-stock bonanza. Why didn't Wealthsimple Trade? We sit down with Karney Li (CTO) and Dominique Simoneau-Ritchie (VP of Engineering) to learn how you can grow by 1,000% without blowing up.
Meet Wealthsimple Tax
The change has happened. The clock’s struck midnight. SimpleTax is Wealthsimple Tax. So now you can do your own taxes, pay what you want, and get the biggest refund, guaranteed.
Building a Better Wealthsimple: A Diversity & Inclusion Update
It’s the start of a new year, and it’s a good time to check on what we’re doing to make good on the promises we made last year to be a more diverse, inclusive company. Here’s where we are.
The Free Government Money Isn’t the Only Reason To Open an RESP
All hail the Wealthsimple RESP. Now that we’ve eliminated the confusing paperwork and high fees, there's no good reason not to start planning for your kids' future.
The Best Path to Financial Literacy? Build Products People Actually Understand
It’s Financial Literacy Month, which means banks and other institutions will trot out apps and courses to help people learn more about how to manage their money. But they won’t address the real problem: their own needless complex and opaque products.
Wealthsimple Crypto Is Here!
You can now buy and sell Bitcoin and Ethereum with Wealthsimple Crypto. Here’s how it works, how to sign up, and everything else you need to know.
Wealthsimple Has the First Regulated Crypto Trading Platform in Canada. But What Does That Even Mean?
Wealthsimple Has the First Regulated Crypto Trading Platform in Canada.
Candid money stories from interesting people
Money Diaries: The (Kinda) NSFW OnlyFans Edition
OnlyFans is a kind of digital revolution in sex work that purports to give the power to the workers instead of the overlords. @thatfatbabe, @chloevenom, and @andywithabig🍆 tell us the truth about life inside the naked social economy. (Warning: explicit content.)
A Man Known As Beeple Made $3.5 Million Selling His Digital Art in a Weekend
Meet Beeple. Born Mike Winkelmann in small-town Wisconsin. For thirteen years he’s been making digital art, often for free. Then, thanks in part to the technology that powers cryptocurrencies, he made $3.5 million selling his art in a weekend. He tells us his story.
How to Go From Working in a Steel Mill to Being the Highest Paid Actor on TV
Ed O’Neill made his career during the era when networks dominated TV, starring in “Married... With Children” and “Modern Family.” He also gives a stunning performance in the recently released film “The Last Shift,” a new comedy about working-class life. He opens up to Wealthsimple about earning $300 a week in a steel mill in Youngstown and getting a $3-million bonus in Hollywood.
Karen Russell: A Brutally Honest Accounting of Writing, Money, and Motherhood
The novelist didn’t realize how fervently society wants to turn us into calculators — every action has a payment or a fee — until she had her first child. Here she reckons with motherhood’s ticking meter: every minute with her kids is work lost, and each minute writing subtracts from precious, un-price-able joy.
Friends with Money: Playwright Jeremy O. Harris
In the second installment of her series, Tori Sampson talks to her friend from grad school, who has become a TV writer with an HBO deal and the author of the play that this year received the most Tony nominations ever.
Friends with Money: Comedian Sam Jay
In her interview series Friends with Money, playwright and writer, Tori Sampson, talks to people she knows (and some she doesn’t) about money, what it’s like to have it and to be without it. Here, in her first installment: stand-up comedian, Saturday Night Live writer, and star of the Netflix special “Sam Jay: 3 in the Morning”, Sam Jay.
Joel Kim Booster Was in Massive Student Debt Until Last Year
Before he was cast in Sunnyside or had a Comedy Central special or wrote for Billy on the Street, he was raised working class in Illinois, saddled with huge student debt, and worked marathon hours doing customer service for Groupon. Joel Kim Booster shares his money story.
Tynomi Banks’s Big Break Was Probably Getting Fired From a Corporate Job
On the heels of her elimination from Canada's Drag Race, the world-class drag performer talks about inequality in the drag world, her mother’s lessons in hustle, and drag during the time of covid.
Stories From Our New Economy: Bullish on Bidets Edition
Our new Money Diaries series tells stories of humans whose lives have been upended by this crisis. In this edition we meet four businesses (the owner of a bunker company, a bespoke distiller, a day-trading celebrity, and a bidet magnate) that took unexpected turns.
Alison Roman Is the Patron Saint of Home Cooking and Everyone’s at Home
She always wanted to cook and never thought much about money. But life gets strange when everyone’s wondering what to do with half a pound of broccoli and some dry kidney beans and you know the answer. The chef and cookbook author on her pandemic money story.
Finance for Humans
How to be a better money person
What You Need to Understand About IPOs
Coinbase’s IPO today could be the most valuable since Facebook. And it’ll definitely launch a tidal wave of hype, market frenzy, and a little bit of investor FOMO. Here’s what you need to understand before you jump in.
Ask Lizzie: Should I Keep My Inheritance If I Stopped Speaking to My Dad?
This week, our money (and life) columnist takes on grief, guilt and, of course, money.
Everyone’s Trading Now. So I Tried It Too, Reluctantly
Writer Sarah Hagi was sort of intimidated by investing, the stock market, bonds — all that stuff. Which she figured was a good excuse to dive into stock trading as a kind of learning experiment.
Here Are the Eight Tax Tips You Need
Not even COVID-19 could stop tax season from showing up, forgetting its N95 and forgetting that you’re supposed to fist bump instead of shake. To get you ready for it, we grilled the experts at Wealthsimple Tax until they told us the eight most important things to know to get it right.
How to Break Up Financially When You Break Up
It’s not just a matter of packing up all his weird old underwear, it’s also a matter of “wait, who just rented ‘Miss Congeniality’ on iTunes for $3.99 because I sure didn’t.” Here’s our guide to changing passwords, discontinuing joint accounts, and all the stops on your financial break-up checklist.
Is This the Year to Try Wealthsimple Tax? (Um, Probably. Yes)
It might seem like this is a crazy year to start doing your own taxes. But, for most people, it's actually the perfect time. To help you decide if it's right for you, we've designed this quick guide to using (the new, but not really new) Wealthsimple Tax.
The Perfect Guide to Every Annoying Tax Question You Have
Or at least the 18 most common, thorny questions. We assembled our Wealthsimple Tax team to answer everything you were afraid to look up on the internet and we promise the answers are easy to understand.
RRSP vs TFSA: What’s the Better Choice?
In this battle of the tax-sheltered accounts (and who doesn’t love to see a good fight between tax shelters?), we tell you when you should put your money in an RRSP, when you should pick a TFSA, and when you should do both (if you can!).
Ask Lizzie: Can I Personal Finance My Way Out of a Career of Discrimination?
Lizzie got a question from a friend: if you sense you've been the victim of pay discrimination, what do you do? Which begs the question: how do you even know if you're being underpaid, how do you ask for more, and why is it up to you to solve this problem in the first place? Here's what she says.
How To Pick a Charity That Does The Most Good
You have until December 31st to make a tax-reducing contribution to a charity. But not all charities are created equal. Some are inefficient, or ineffective, and some are even scams. Here are four simple ways to make sure you’re giving to the right one.
Money & the World
How money shapes the world we live in
We Discovered the True Identity of the NFT Artist “Pak”
In our latest podcast episode, investigative reporter Alex Palmer tracks down the elusive artist, interviews them, and wonders: what do you do when you know the answer to art’s greatest mystery?
The Wealthsimple Explainer: NFTs
NFTs are suddenly trendy, minting overnight millionaires letting people turn LeBron dunks into assets. But they’re actually more revolutionary than you might think. Here’s what they are, how they work, and why they’re important.
The Pandemic Economy: Why Parenting Inequities Make Mothers Leave the Workforce
Jessica Calarco, a sociologist at Indiana University, has been studying the effects of the pandemic on mothers. What she’s found is that entrenched inequities, when it comes to stuff like housework and parenting, have created an invisible employment crisis for women.
GME, Doge, Supreme: How Getting Rich Went Full Internet
The idea has always been that value — in stocks, art, precious metals, whatever — is inextricably tied to “fundamentals.” But it seems the internet changed that (hello, GME and Dogecoin!). Felix Salmon explains that if you want to understand finance now, you’d be better off studying Supreme than an annual report.
Data: Who Really Traded GME? And What Happened to Them?
We dig into our own Wealthsimple Trade data to find out how traders behaved in the midst of the meme stock feeding frenzy. TL;DR: yes, meme stocks are kind of a bro-fest. But weirdly no, most people did not throw caution to the wind.
The Racial Wealth Gap Is a Problem
Wealth isn't just the money you earn at work — it points to the financial history of a family and a people. And our history is fraught.
Tesla Invested Billions in Bitcoin. But That May Not Be the Biggest Crypto News
What does it mean when a giant company parks billions in cryptocurrency? It’s a vote of confidence, sure. But maybe not the kind you’d imagine. We unpack what it means, who it’s going to affect, and what it portends for the future of Bitcoin.
Meme Stocks: How Old Regulations Kept Traders from Getting the Best Advice
The GME phenomenon made clear we’re in the midst of a revolution in retail trading. But we will also need a revolution in regulations if we’re going to make sure trading is as safe and fair as it should be, for everyone.
Super Bowl Ads Are Super Expensive. They’re Also a Better Deal
We pride ourselves on being thrifty and effective. So why did we buy some of the most expensive ads on TV? Because, dollar for dollar, it’s actually a better use of our money. We crunch the numbers to show you why.
We Fact-Check Theories About Meme Stocks and Online Brokerages
Brokerages stopped trading on stocks like GameStop, issued warnings when people tried to trade, and even had to raise billions to shore up their businesses. There’s a hurricane of misinformation about why all that happened. Here we weigh in on what’s true, what’s false, and what we just don’t know the answer to.