Updated 2026-02-16 — Step-by-step cancellation guide
Difficulty
Medium
Medium — May require extra steps
Option 1: online(Recommended)
Log into my.wealthsimple.com → Account → Settings → Close Account. You must withdraw or transfer all funds first. For RRSP/TFSA transfers, initiate from your new institution.
Option 2: email
Email support@wealthsimple.com requesting account closure.
Wealthsimple charges 0.4-0.5% annual management fee on invested assets. No monthly fee. Canadian robo-advisor. Withdraw all funds before closing. Tax implications for non-registered accounts.
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