How to Cancel Wealthsimple
Wealthsimple is a Canadian robo-advisor and trading platform. Close by withdrawing funds and contacting support.
Moderate
BankingSteps verified
Quick Facts
- Cancel online?
- No — phone/letter required
- Pause option?
- No
- Refund policy
- Full funds returned.
- After cancellation
- Records retained per Canadian law.
Cancellation Steps
Go directly to Wealthsimple cancellation pageSell investments
Liquidate all holdings.
Withdraw funds
Transfer to bank account.
Contact support
Request account closure.
Tips & Things to Know
- Sell all investments first.
- TFSA/RRSP accounts may have tax implications.
- Download tax documents.
Your Consumer Rights
- Canadian consumer protection.
Frequently Asked Questions
- TFSA?
- Tax-free, but check implications.
- RRSP?
- May trigger tax event.
- Tax docs?
- Download before closing.
- Can I reopen?
- Apply again.
- Regulated?
- Yes, IIROC member.