WealthPerks
TFSA Guide · Verified May 2026

Wealthsimple TFSA Referral Code

Last verified:April 30, 2026
Last updated:April 30, 2026

Open a Wealthsimple TFSA with referral code XVJHLJ and get a $25 CAD bonus. Here's everything you need to know.

TFSA Referral — Quick Facts

  • ✓ Referral code XVJHLJ works for TFSA account opening
  • ✓ Bonus: $25 CAD deposited to your account
  • ✓ Requirement: Deposit $100+ from an external bank within 30 days
  • ✓ Bonus hold: 180 days before withdrawal
  • ✓ You can invest the bonus inside your TFSA immediately

Why Open a TFSA with Wealthsimple?

The Tax-Free Savings Account (TFSA) is one of the most powerful investing tools available to Canadians. Any money you earn inside a TFSA — capital gains, dividends, interest — is completely tax-free, even when you withdraw it.

Wealthsimple's TFSA offers $0 commissions on stocks and ETFs, plus access to fractional shares, auto-investing, and one of Canada's best mobile apps. Combined with a $25 referral bonus, it's a strong starting point.

How to Use the Referral Code

  1. 1

    Open Wealthsimple via the referral link

    Click the referral link below — it pre-fills code XVJHLJ automatically.

  2. 2

    Select 'TFSA' as your account type

    You can also open additional account types later. The referral bonus applies once per user regardless of account type.

  3. 3

    Complete identity verification

    Wealthsimple's KYC (Know Your Customer) process takes 5–10 minutes. Have your SIN and photo ID ready.

  4. 4

    Deposit $100+ from your external bank

    Link your bank account (TD, RBC, Scotiabank, etc.) and transfer at least $100. Internal Wealthsimple transfers don't count.

  5. 5

    Receive your $25 bonus

    The bonus is credited to your account within 24 hours of your deposit clearing. It has a 180-day hold before withdrawal.

Do You Qualify?

Check all items that apply to confirm your eligibility.

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Code XVJHLJ · Opens in Wealthsimple

TFSA Referral FAQ

Can I use a Wealthsimple referral code when opening a TFSA?

Yes. The Wealthsimple referral code XVJHLJ works when opening any account type, including a TFSA. You must be a new Wealthsimple customer and deposit $100 from an external bank within 30 days of opening the account.

Is the Wealthsimple TFSA referral bonus taxable?

The $25 referral bonus deposited into your TFSA is generally considered employment or other income by the CRA when received, but any growth or earnings within the TFSA is tax-sheltered. Consult a tax professional for personalized advice.

Does the Wealthsimple $25 bonus count against my TFSA room?

The referral bonus credited to your TFSA may count as a contribution depending on how Wealthsimple classifies it. Contact Wealthsimple or consult a tax professional to confirm the exact TFSA treatment for your situation.

More Account Guides

→ Wealthsimple RRSP Referral→ Wealthsimple FHSA Referral→ Wealthsimple Crypto Referral→ Tax Implications of Your Bonus

WealthPerks Insight

Opening a TFSA with Wealthsimple using a referral code is one of the most efficient ways to begin investing in Canada.

The TFSA is the highest-priority registered account for most Canadians — contributions grow tax-free, withdrawals are not taxed, and unused room carries forward indefinitely. Combining a Wealthsimple TFSA with the $25 referral bonus makes this a genuinely compelling first investing step.

Best For

  • First-time TFSA openers wanting a simple platform
  • Canadians under-utilizing their TFSA contribution room
  • Users who want managed or self-directed TFSA investing
  • People switching from high-fee bank mutual funds in a TFSA

May Not Be Ideal If

  • Users who already have a Wealthsimple TFSA
  • Canadians who have exhausted their TFSA room and need an RRSP instead
  • Users who need a full-service bank account, not just an investing account

See all verified codes: Canadian referral codes directory →