Wealthsimple Review 2022: Ontario Tax Calculator Wealthsimple

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian web based investing, stocks and crypto trading web app that distinguishes itself from similar apps by charging absolutely no fees. 

A online financial services business launched in Autumn of twenty fourteen exclusively as a robo-advisor algorithmic trading app called Wealthsimple Invest, it has grown considerably over the last 8 years to feature Wealthsimple Trade, a no fees discount brokerage app.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade allows Canadian investors to trade single stocks and also ETFs without having to pay fees. The exception to this is when you’re trading stocks and ETFs which are listed in US Dollars. In this case, they will charge a nominal currency conversion fee both when buying and selling. However, gone are the days of having to pay more than $7 for each trade with discount brokerages as was the norm just a couple years past.

Exactly How Much Cash do I Need in Order to Start With Wealthsimple Trade?

Wealthsimple is special such that they will allow Canadians to make a minimum deposit of only $1. The majority of traditional banks and discount brokerages have sizeable minimum deposit amounts of 1k-$5000. This makes it tough for the every day investor to get started. With Wealthsimple Trade, one doesn’t need to be wealthy to begin trading stocks and ETFs.

So Does Wealthsimple Trade Offer Registered Accounts?

Yes. Wealthsimple Trade offers both CRA registered and non-CRA-registered account types. One are able to select both RRSP and TFSA accounts in the setup process. 

So Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade offers a modern mobile app that is offered on both IOS and also Google Play. The smartphone app makes the enrollment phase and also the trading of stocks and ETFs truly painless.

Is Wealthsimple Trade Trustworthy?

. Wealthsimple Trade is secure. Wealthsimple boasts in excess of 15 billion CAD in Assets Under Management . These folks have been doing business for more than 7 years and also at this time employs over 600 people. The majority shareholder is the large publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade is the very first no-fee online discount brokerage operating in Canada.

But How Does One Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it incredibly simple to deposit to a new account. Simply connect the app to a chequing or savings account to your Trade account, and add money to your account in just a couple of clicks. Deposits from your bank to Wealthsimple typically take just a few days. Funds can also be withdrawn a chequing or savings account using the same steps.

What Other Features and Products Does Wealthsimple Offer?

Wealthsimple Cash – An alternative to Interac e-Transfers which allows anyone to quickly and efficiently send cash to friends and family in Canada.

Wealthsimple Tax – Everything you need to prepare for tax season and submit your tax return online free. It’s described as simple, accurate and always totally free tax filing.

Wealthsimple Spend – A combination pre paid debit card and savings account which allows one to get 1% cashback on all your everyday spending, as well as earn a very competitive 1.5% interest on savings.

Personal Finance 101 – Wealthsimple’s free personal finance platform which includes a bunch of different online courses on topics like saving, investing, crypto, home buying and more. 

Every one of the above features, including Wealthsimple Trade may be accessed inside the mobile app or at their website with your Wealthsimple login.

But How Can I Begin Using Wealthsimple Trade?

Click here to signup for a Wealthsimple Trade account. As an exclusive registration bonus to our readers you will get the equivalent cash value of a random stock worth up to $4,500 Canadian once you add funds to your account.

But What if I Still Have Questions About Ontario Tax Calculator Wealthsimple?

If this blog post hasn’t given you the answers to each of your questions, and you’re still browsing for additional specific facts about Ontario Tax Calculator Wealthsimple, check out the Wealthsimple website for answers to each your questions.