⭐ Editor's Choice — Top Rated Pick
Wealthsimple (Canada)
📍 Available in: Canada
★★★★★ 4.9 / 5.0
Wealthsimple dominates Canadian personal finance. It combines automated robo-advisor portfolios (Wealthsimple Managed) with $0-commission self-directed stock and ETF trading, a high-interest Cash account offering 1% cashback on debit spend with 0% FX fees, and free CRA-certified tax filing—all natively supporting TFSA, RRSP, and First Home Savings Accounts (FHSA).
Key Facts at a Glance
| Cost / Fee Structure | $0 Self-Directed / 0.40%–0.50% Managed |
| APR / Rate | Up to 4.00% Cash Yield + 1% Card Cashback |
| Coverage / Loan Limit | $0 Minimum Balance |
| Credit / Eligibility | Up to $500,000 CAD CDIC Deposit Protection |
Pros & Cons
✓ Pros
- ✓The best all-in-one financial interface in Canada for FHSA, TFSA, and RRSP investors
- ✓Wealthsimple Cash card charges 0% foreign transaction fees and pays 1% back worldwide
- ✓Premium ($100k+ assets) unlocks free USD accounts to avoid the 1.5% currency conversion fee
✕ Cons
- ✕Core tier (<$100k assets) charges a 1.5% FX conversion fee on US dollar stock trades unless you subscribe to USD accounts ($10/mo)
- ✕Managed robo-advisor fee (0.50%) is double US robo-advisors
Key Features
Full TFSA, RRSP, FHSA & LIRA Tax-Sheltered Account Support$0 Commission Canadian & US Fractional Share TradingWealthsimple Cash Prepaid Mastercard with 1% Cashback & 0% FX FeesUp to $500,000 CAD CDIC Protection via Tier-1 Schedule I Partner Banks
Compare Wealthsimple (Canada) Side-by-Side
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