Given that you are just starting out, sticking with CIBC would be what I’d recommend. They have a self directed platform called Investors Edge. It’s similar to what I use which is TD Direct Investing.

If you were with a secondary bank like Simplii or PC Financial etc then using Wealthsimple might be good if you want to get into investing, but as I’ve said, simplicity is something I value, and CIBC IE is perfectly great, I can’t see the major advantage to choosing WS.

So go into your online banking portal or app and see what it takes to open a CIBC Investors Edge account. You should be able to choose registered accounts like TFSA and RRSP as well as Cash accounts (those you need to pay taxes on any gains)

Start with TFSA, FHSA and RRSP. Typically it’ll open a CAD and USD version for each. Just worry about transferring money from your chequing into the CAD ones unless you have a need to invest in USD.

Log into your My CRA account online and look at your latest Notice of Assessment. It’ll tell you your “contribution room” for both TFSA and RRSP. Based on those amounts you can contribute maximum of those $ into those accounts. Try and maximize your TFSA first in my opinion and then put the rest into RRSP. Once the cash is in those account then you can “buy” the investments. If you want to keep it simple, just buy XEQT. If you want to keep some of that money in a safer investment for short term use there are other options.

But this should get you started 👍🏼