Wealthsimple Referral Code for TFSA, RRSP, and Cash Account: Which Accounts Qualify?

When you use a Wealthsimple referral code, the type of account you open matters , not because some accounts earn more, but because not every Wealthsimple product qualifies. Here's a clear breakdown of which accounts are eligible for the $25 bonus via code DGN6-A, what each account does, and why you might open one.

Which Wealthsimple Accounts Qualify for the Referral Bonus?

The following account types are eligible for the referral bonus:

• TFSA (Tax-Free Savings Account)
• RRSP (Registered Retirement Savings Plan)
• FHSA (First Home Savings Account)
• Self-directed Investing (non-registered)
• Managed Investing (robo-advisor)
• Wealthsimple Cash (chequing account)
• Crypto account

You only need to open one eligible account and make a single deposit of $100 or more to qualify.

Where Is the Bonus Deposited?

Regardless of which eligible account you open to qualify, your $25 bonus is deposited to your Wealthsimple Cash account. If you don't already have a Cash account open, you'll need to create one before the bonus can be credited. It's free to open and takes about 60 seconds.

Wealthsimple Referral Code for TFSA

A TFSA is one of the most powerful savings tools available to Canadians. Contributions grow tax-free , you pay no tax on interest, dividends, or capital gains earned inside the account. Withdrawals can be made at any time without penalty, and your contribution room is restored in the following calendar year.

Why open a TFSA with Wealthsimple?

• Commission-free ETF and stock trading (Self-directed TFSA)
• Or automated portfolio management at a low management fee (Managed TFSA)
• No account fees; no minimum balance required

Opening a TFSA with at least a $100 deposit from an external account , while using code DGN6-A , qualifies you for the $25 referral bonus.

Wealthsimple Referral Code for RRSP

An RRSP is Canada's primary retirement savings vehicle. Contributions are tax-deductible (they reduce your taxable income in the year you contribute), and the investments inside grow tax-deferred until withdrawal , at which point they're taxed as income.

Why open an RRSP with Wealthsimple?

• Same commission-free trading or managed portfolio options as the TFSA
• Spousal RRSP options available
• Easy contribution room tracking within the app
• RRSP-to-RRIF conversion handled within the same platform

A deposit of $100 or more into a Wealthsimple RRSP from an external account qualifies for the bonus when code DGN6-A is applied.

Wealthsimple Referral Code for FHSA

The First Home Savings Account (FHSA) is a relatively new registered account designed for Canadians saving for their first home. It combines features of the TFSA and RRSP: contributions are tax-deductible (like an RRSP), and withdrawals for a qualifying home purchase are tax-free (like a TFSA).

Annual contribution limit: $8,000, with a lifetime limit of $40,000.

Wealthsimple offers both self-directed and managed FHSA options, and a $100+ deposit into this account counts toward the referral bonus.

Wealthsimple Referral Code for Cash Account

The Wealthsimple Cash account functions as a hybrid chequing/savings account. It comes with a Visa card, no monthly fees, and a competitive interest rate on deposits.

Why use Wealthsimple Cash?

• No monthly account fees
• High interest on everyday balances
• Instant access to your money (faster than most investment accounts)
• Works seamlessly with your other Wealthsimple accounts

The Cash account is also where your $25 referral bonus will be deposited , so it's worth opening one regardless of which other accounts you use.

Managed Investing and Crypto

Managed Investing is Wealthsimple's robo-advisor product. You answer a risk tolerance questionnaire and the platform builds and automatically rebalances a diversified portfolio of ETFs on your behalf. It's ideal for investors who want a hands-off approach.

Crypto allows Canadians to buy and sell major cryptocurrencies. While not a registered account, it's a regulated, compliant way to invest in digital assets.

Both accounts qualify for the referral bonus, as long as a $100+ external deposit is made within 30 days of applying code DGN6-A.

Summary Table

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