Wealthsimple for Beginners (Canada): Start in 15 Minutes
Wealthsimple for Beginners Canada
If you’re new to investing, this page is your no-jargon setup guide.
👉 Open Wealthsimple and get started
Step 1: Learn XEQT First
Brand new? Start with the beginner overview, then come back to execute your first buy.
Read Start Here →Step-by-step setup
- Create your account.
- Verify identity.
- Pick account type (usually TFSA first).
- Add funds.
- Buy your first ETF.
Beginner account picks
- TFSA: best first stop for many new investors.
- RRSP: useful for retirement and tax deduction strategy.
- FHSA: strong option if saving for first home.
Common first-month mistakes
- Trying to time the market.
- Over-trading tiny amounts.
- Skipping automatic contributions.
Next Step: Choose Your Broker
Continue the Beginner Path by comparing fees, UX, and features before you place your first order.
Compare Brokers →Final Step: First Buy Checklist
Use this checklist to avoid beginner mistakes before buying your first XEQT share.
Review the Checklist ↑