Wealthsimple TFSA Transfer-In Checklist (Avoid Delays)
Moving a TFSA should be simple, but small mistakes can delay your transfer. Use this checklist to reduce friction and protect any eligible transfer incentives (verify).
Disclosure: I may receive a referral bonus if you sign up.
Open your Wealthsimple TFSA first
Complete your account setup before requesting a transfer.
Get Your $25 BonusTransfer checklist
- Match legal name, birth date, and SIN details across institutions.
- Confirm whether you want in-cash or in-kind transfer.
- Download latest statement from your current institution.
- Verify account number and institution details.
- Check whether transfer fees may apply and whether reimbursement is available (verify).
- Submit transfer request once—avoid duplicate requests.
- Track status weekly and keep screenshots of submission confirmations.
In-cash vs in-kind (quick guide)
| Type | What happens | Best for | Trade-off |
|---|---|---|---|
| In-cash | Holdings sold, cash moved | Portfolio reset to XEQT | Out of market during transfer |
| In-kind | Holdings moved as-is | Keep positions intact | You may still need to rebalance after |
Mistakes that cause delays
- Incorrect account number or institution code.
- Submitting while account is restricted/pending verification.
- Selling/adding positions mid-transfer.
Helpful reads
- Wealthsimple Transfer + Referral Bonus: Can You Stack Both Offers?
- Wealthsimple Sign-Up Bonus (2026): Payout Timing, Holds, and Delays
- Wealthsimple Referral Checklist: 10 Steps to Guarantee Bonus Tracking
Transfering for a simpler XEQT setup?
After transfer completion, enable recurring deposits and recurring XEQT buys.