Wealthsimple Review 2022: Tax Calculator Wealthsimple

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian web based investing, stock plus crypto trading app that differentiates itself from the competition by charging no fees. 

A leading Canadian fintech company launched in the Autumn twenty fourteen originally as a robo-advisor algorithmic trading app named Wealthsimple Invest, it has evolved substantially over the last eight years to feature Wealthsimple Trade, a no fees discount brokerage platform.

Does Wealthsimple Trade Charge Any Type of Fees?

Wealthsimple Trade allows consumers to trade individual stocks and also ETFs without paying any commissions. The exception to this is when you’re trading securities that are denominated in USD. In this case, they charge a small currency conversion fee when buying and selling. But, behind us are the days of paying Upwards of $7 per each trade with online discount brokerages as was the case only a few years ago.

Exactly How Much Cash Will I Need in Order to Begin Investing on Wealthsimple Trade?

Wealthsimple is cool such that they will allow Canadians to make a minimum deposit of only $1. Most alternative banks and discount brokerages have sizeable minimum deposit amounts of $1,000-5k. This makes it hard for the every day investor to start. With Wealthsimple Trade, you don’t need to already be wealthy to get started with trading stocks and ETFs.

Does Wealthsimple Trade Offer RRSP Accounts?

It does. Wealthsimple Trade offers both registered and non-registered account types. You are free to select both RRSP and TFSA account types in the setup phase. 

But Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade has a modern mobile app that is offered to download on both IOS and also Android. The app makes the signup steps and also the trading of stocks and ETFs super painless.

Is Wealthsimple Trade Safe?

. Wealthsimple Trade is legit. Wealthsimple has more than 15 billion CAD in Assets Under Management . they’ve been expanding for more than 7 years and now employs more than 600 folks. The majority owner is the admired publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade was the first no-fees digital brokerage operating in Canada.

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

The Wealthsimple Trade smartphone app makes it very straight forward to fund a new account. Simply connect to a chequing or savings account to your Trade account, then fund your account in just a few clicks. Deposits from your bank to Wealthsimple usually take a few days. Funds can just as easily be withdrawn a chequing or savings account with the same steps.

Which Additional Features and Products Does Wealthsimple Offer?

Wealthsimple Cash – This is alternative to Interac e-transfers which allows you to quickly and easily send money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to get ready for this tax year and submit your taxes online free. It’s pitched as easy, accurate and always totally free tax return filing.

Wealthsimple Spend – A combination prepaid visa and savings product which allows one to earn 1% cashback on all your spending, and also earn a very competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform which offers a bunch of courses on saving, investments, crypto, mortgages and more. 

Each of the above features, including Wealthsimple Trade can be found within the app and at their website with one login.

But How do I Start Using Wealthsimple Trade?

Click here to signup for a Wealthsimple Trade account. For an exclusive signup bonus offer for our audience you will get the equivalent cash value of a random share worth $25 up to $4,500 CAD when you add funds to your account.

But What if I Still Have Questions Concerning Tax Calculator Wealthsimple?

If this blog post still hasn’t given you the answers to all of your questions, and you’re searching for further facts about Tax Calculator Wealthsimple, visit the Wealthsimple site for answers to each your questions.