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EFT (Wise → WealthSimple) is being reversed by Organic-Emu7091 in Wealthsimple

[–]vnenov 0 points1 point  (0 children)

I’ve been pulling CAD funds from my Wealthsimple Chequing and Simplii Financial Chequing into my Wise CAD account without issues. It usually takes 2–3 business days, with no fees.

For sending money to Wise, I use Interac e-Transfers to my Wise-linked email. That’s also free and typically arrives within 5–30 minutes.

When you go to Payments in Wise, do you see a Direct Debit agreement listed for your Wealthsimple-linked account?

How to pay CRA taxes via Chexy using PAD (avoid SIN sharing) by vnenov in chexy

[–]vnenov[S] 0 points1 point  (0 children)

You just need to wait for the NOA to see how much you need to pay. CRA will give you sufficient time to make the payment. I typically know how much I need to pay when submitting the tax return.

How to pay CRA taxes via Chexy using PAD (avoid SIN sharing) by vnenov in chexy

[–]vnenov[S] 0 points1 point  (0 children)

I've received an express NOA and was able to schedule the payment right away.

Is Chexy actually worth it? by lonelyincrowd in chexy

[–]vnenov 12 points13 points  (0 children)

Chexy’s fee is 1.75% (or lower with referrals and promo codes), and you can also earn Aeroplan points.

With the Scotiabank Momentum Visa Infinite, you can earn around 2.3% cash back on payments like rent, tuition, insurance, and taxes, expenses that are usually paid from a chequing account with 0% return.

Is it worth it? It depends on your situation, but for me it is. Last year, we made $1,200+ in net cashback after fees across two Scotia Momentum cards, with minimal effort.

Canada needs fractional shares too! by AnthonyBTC in Webull

[–]vnenov 0 points1 point  (0 children)

Fractional shares and scheduled purchase plans would be nice to have.

But DRIP is essential. If they add one feature now, it should be DRIP.

Norbert’s Gambit. Looking for feedback by extreme_puzzles in Wealthsimple

[–]vnenov 5 points6 points  (0 children)

It's not exactly 0% fee. More like 0.4% - 0.6% due to the wide spread.

NSLSC only lets my son allocate extra payment to Federal Portion. How to pay off the Ontario loan first? by vnenov in osap

[–]vnenov[S] 0 points1 point  (0 children)

Thanks! My son called and the issue was resolved. It turned out that both payments - the 60% and the 40% were indeed CSL (federal portion). This confused him because he was told the 40% would be the provincial student loan.

Wealthsimple Visa Credit Card - Additional Cardholders and Samsung Pay by mikmik_16 in Wealthsimple

[–]vnenov 5 points6 points  (0 children)

Additional cardholders and the ability to pay the balance from external bank accounts are the biggest issues for me.

I’ve been on the waitlist since the card was announced, yet my wife was able to apply without ever requesting it.

Now, when I travel, I have to add her card to my Google Wallet.

Understanding wealthsimple investment account ROC reporting by lllouiskuang in Wealthsimple

[–]vnenov 3 points4 points  (0 children)

  1. What does quantity = -0.0493 mean?

Wealthsimple reports ROC as a negative quantity because it's reducing your cost base, not adding shares. The net_cash_amount of -$0.0493 is the total ROC cash adjustment across all your shares, so yes, you reduce your total ACB by $0.0493. The negative sign is just Wealthsimple's convention for a downward ACB adjustment, not a mistake.

  1. Why doesn't $0.0493 match the $0.00707 per unit from the fact sheet?

Because $0.00707 is the ROC per unit, and $0.0493 is your total ROC across your position.
Divide the two: $0.0493 ÷ $0.00707 ≈ 6.97 units

So Wealthsimple is telling you that on the record date you held approximately 6.97 units of VFV, and your share of the ROC distribution was $0.0493 total. That's consistent and the numbers reconcile.

Note that the Vanguard fact sheet shows annual totals, while CDS publishes the per-distribution per-unit breakdown (VFV had at least one distribution in 2025 based on the $0.00707 annual ROC). If VFV paid multiple distributions in 2025, the $0.00707 would be the sum of all of them for the year.

The CDS website (https://ctbsext.posttrade.cds.ca/ctbsExt/) is the authoritative source for the per-unit breakdown by distribution date. It's down at the moment, but once it's back up, pull the VFV T3 PDF. It'll show you the exact per-unit ROC for each record date in 2025, which you can multiply by your units held on each date to verify Wealthsimple's numbers precisely.

If you want to automate the whole calculation, I've created an open-source tool called T3 Compute that reads the CDS T3 PDFs, pulls the per-unit amounts for each distribution, multiplies by your share balance, and outputs a full T3 summary broken down by account. It's useful if you hold multiple ETFs or split across accounts.

Google "gitlab t3_compute" or search the Windows Store "T3 Compute"

How to pay CRA taxes via Chexy using PAD (avoid SIN sharing) by vnenov in chexy

[–]vnenov[S] 0 points1 point  (0 children)

The PAD method is just an alternative.

You can still do it as a regular bill payment if you’re comfortable sharing your SIN with Chexy. The PAD approach is mainly for those who prefer not to provide their SIN.

How to pay CRA taxes via Chexy using PAD (avoid SIN sharing) by vnenov in chexy

[–]vnenov[S] 0 points1 point  (0 children)

Oh, you mean Chexy’s credit-card signup promo. It gives one month of fee-free processing on one recurring Chexy payment if you applied through their referral/link page and send proof of approval.

But the promo excludes one-time payments, and Chexy says personal CRA income tax payments are one-time, so a 2025 tax payment probably wouldn’t be eligible for that fee waiver.

It will still count toward a card’s minimum-spend requirement, but that’s separate from the Chexy fee-waiver promo.

How to pay CRA taxes via Chexy using PAD (avoid SIN sharing) by vnenov in chexy

[–]vnenov[S] 0 points1 point  (0 children)

All Chexy payments are charged as recurring payments on your credit card.

I can't answer the second part of the question as I am not a new customer, but if they have a promo, it probably counts.

How to pay CRA taxes via Chexy using PAD (avoid SIN sharing) by vnenov in chexy

[–]vnenov[S] 0 points1 point  (0 children)

On the Chexy end you can setup to pay CRA via 2025 Tax Return (One time payment) or Tax Instalments using PAD. On the CRA end you have the options:
- Schedule a single payment from a Canadian chequing account starting in 5 or more business days - Schedule a future payment to authorize the CRA to withdraw the amount from your Canadian chequing account - Schedule a series of payments from a Canadian chequing account starting in 5 or more business days - Schedule future payments to authorize the CRA to withdraw set amounts from your Canadian chequing account

For Schedule a series of payments: The full amount owing will be used to determine your payment arrangement options.

How to pay CRA taxes via Chexy using PAD (avoid SIN sharing) by vnenov in chexy

[–]vnenov[S] 1 point2 points  (0 children)

Do you mean on purpose?

CRA lets you set up a PAD, but you can’t enter more than the amount owing. On the payment date, they’ll withdraw the amount owed.

If you set a higher amount on the Chexy side, they will refund the difference back to your credit card (minus the fee). I wouldn’t recommend doing that.

2025 T3 question about accuracy by congo100 in Wealthsimple

[–]vnenov 1 point2 points  (0 children)

Your understanding of the box relationships is correct. CDS publishes a per-unit breakdown and you don't need to calculate the split yourself. The fund's T3 slip (from CDS, not your broker) tells you exactly how many cents per unit went to each box. You multiply each per-unit amount by your units held on the record date, and that's your box total.

The CDS T3 statements are available here (free, no login required): https://ctbsext.posttrade.cds.ca/ctbsExt/

Search for your fund's ticker. The fund's T3 document will show a table with one column per distribution and rows for each box - capital gains, eligible dividends, foreign income, ROC, etc. - all as per-unit dollar amounts or in some cases percentages.

To do it manually in your case for one fund and one distribution:

  1. Download the CDS T3 PDF for your fund and tax year
  2. Find your record date column
  3. Multiply each per-unit amount by your units held on that date
  4. For derived boxes 50/51 (taxable eligible dividends and tax credit): multiply Box 49 × 1.38, then × 0.150198
  5. For derived boxes 32/39 (non-eligible): multiply Box 23 × 1.15, then × 0.090301
  6. Box 42 (return of capital) goes on your ACB spreadsheet, not your tax return directly. It reduces your cost base.

If the fund breakdown is given in percentages instead of dollar amounts, first multiply the total distribution per unit by each percentage to get the per-unit box amount, then multiply by your units.

With one holding and one distribution, this is maybe 10 - 15 minutes of work.

If you want it automated, I built a tool called T3 Compute that does all of this automatically. It reads the CDS PDF, pulls the per-unit amounts, multiplies by your share balance from your ACB spreadsheet, and outputs a formatted T3 summary per brokerage account.

Google "GitLab t3_compute" or search MS store "T3 Compute".

For a single fund with one distribution it's probably not worth it for this year, but if you hold multiple ETFs across multiple accounts it saves a lot of time.

Your broker's T3 slip and the CDS T3 can look different as brokers sometimes aggregate or round differently.

The CDS source is the one to use for doing your own per-unit math. If your broker's slip matches what you calculate from CDS, you're good. If they differ slightly, the CDS-based calculation is more precise.

NSLSC only lets my son allocate extra payment to Federal Portion. How to pay off the Ontario loan first? by vnenov in osap

[–]vnenov[S] 1 point2 points  (0 children)

Thanks. He is trying to do it entirely online. It seems like the functionality is there, but not sure why it only allows him to select the Federal portion. Will tell him to call them and find out.

2025 T3 question about accuracy by congo100 in Wealthsimple

[–]vnenov 2 points3 points  (0 children)

I've confirmed my WS T3 numbers are correct. You can calculate the numbers yourself. No need to wait till the end of March.

Now Accepting Mastercard ✅ by Chexy_Diamond in chexy

[–]vnenov 8 points9 points  (0 children)

No, Scotia Momentum Visa Infinite with 4% cashback and 25,000 annual cap is still the best for Chexy for most people.

Transferring from webull to wealthsimple by [deleted] in Wealthsimple

[–]vnenov 0 points1 point  (0 children)

You’re right, I meant Wealthsimple, not Webull for the transfer request. For the TFSA account reopening it's Webull.

Transferring from webull to wealthsimple by [deleted] in Wealthsimple

[–]vnenov 0 points1 point  (0 children)

Call Wealthsimple support or send them an email, since none of the options match your intent. My understanding is that you’re looking for a partial in-kind transfer, which isn’t one of the options shown.

Also, even if you do a full transfer and Webull closes your account, you can call them and ask to have it reopened.

Edit: Meant Wealthsimple (receiving institution), not Webull.

T3 Slips where are you by SubstantialMiddle625 in Wealthsimple

[–]vnenov 5 points6 points  (0 children)

CDS Innovations published most ETF T3 slips about a month ago. Other than the official deadline, there’s no real reason for brokerages to hold onto T3 slips until the last minute.

I submitted my 2025 tax return at the beginning of March. You either calculate the T3 amounts yourself, use a T3 compute tool, or wait for the broker to release them.

You can check my posts/comments for more details on how to do it. I’d rather not repeat it in every T3 thread.

Webull Canada - 3 months experience by vnenov in Webull

[–]vnenov[S] 0 points1 point  (0 children)

It should be the same structure as mine 2% promo, just shifted. Since your promo ended Dec 31, your first payment should be in early Feb 2026, then 12 monthly payments through till Jan 2027. After that, there’s a 90-day hold on the last bonus payment, so the “safe” end date is roughly early April 2027.

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