The Closed Wealthsimple 3% Match I Used for Our Transfer

Wealthsimple now labels registration for its 2026 (Un)real Deal as closed. The old public offer required at least $25,000 of qualifying account transfers after registration; it was not a cash-deposit bonus available on any amount.

Participants chose a 1%, 2%, or 3% reward paid over one, three, or five years. I chose the 3% option. That meant accepting the longest payout and hold period, not receiving a 3% lump sum on day one.

I moved our TFSA and RRSP, along with an old company group-plan RRSP from Sun Life. Those assets were already intended for the long term, and consolidating the old workplace account reduced the number of places I had to maintain.

Questrade had served me well when controlling USD in registered accounts mattered most. By the time of this transfer, Wealthsimple's USD support and account workflow had improved enough for how we were investing. The promotion accelerated a move I was already prepared to make.

The 3% option paid monthly over 60 months and came with a 60-month hold. Under the offer, a qualifying $25,000 transfer produced a $750 gross reward, or $12.50 a month for five years. A $100,000 transfer produced $3,000, or $50 a month.

The terms also described a withdrawal allowance tied to qualifying funding, with future payments subject to reduction after the allowance was exceeded. The exact treatment belonged in the offer terms, not in the headline.

I was comfortable with that structure because the transferred money was not meant for a near-term purchase. Someone expecting to withdraw or chase another brokerage offer soon would have faced a different decision.

I checked account types, transfer-out fees, whether each holding would move in kind or as cash, USD cash and securities, contribution room, and assets that might not transfer cleanly.

A registered transfer can avoid a taxable withdrawal, but it can still create costs or time out of the market if something has to be sold. Old workplace plans also need their own review for locking, transfer eligibility, and any employer connection that should remain.

The offer improved the economics of the move. It did not make those checks optional, and its closure means this page should be read as a record of one household decision rather than an invitation to register now.