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@rodr Good to know. That gives me confidence if CIBC is doing the same.

@jenulguigue I edited the OP with clarification text from the CRA.

@monde128 This is for referral bonuses, where one individual refers another individual. Wealthsimple indeed does have referral bonuses and the fine print for those does in fact say they count as contributions in registered accounts. This promotion is not a referral promotion. "A referral bonus...

@trungnghia93 I edited the OP with clarification text from the CRA.

@loser82070 Yes. Phone. One of their advisors reached out and offered to schedule a phone meeting to discuss the promortion.

@jimbone That's basically what I asked to do, yeah.

@zango11 Yes, exactly. Either take the bonus in a TFSA or as cash. The RRSP would be the worst option because it can't be deducted (it wasn't a contribution) but would be taxed coming out later as you point out.

So, Wealthsimple had sent me an email regarding the 0.5% account transfer promotion. I've been a Questrade client for 9 years and have a decently large amount spread across all 3 of the major self-directed account types (RRSP, TFSA, taxable). r/JustBuyVGRO subscriber here. Anyway, the promo...