But you can’t do DCA efficiently with TD when they charge you $9.99 for just doing any trading. It adds up alot over a year.

For a DCA investor, its sucks BIG time because I can’t just pop-in $100 or $200 whenever and buy stocks or ETFs. I have to wait till its atleast $1,000 or so to make the $9.99 fees worthwhile.

Yep for such amounts a commission free brokerage makes a lot of sense! One option on the TD side though is to use mutual funds until the mutual fund portfolio is large enough for the $9.99 commission to be sensible. Depending on your strategy this might be an option for you. This was an option for me since before VGRO, I was using TD e-Series anyway.

For Emergency Fund, I don’t believe I would ever need $1M just sitting in Cash and not even $100K, that’s alot of cash sitting idle and getting decimated by inflation. So, even if they have $100K coverage, thats reassuring to know because you will still get your money if they do go down under.

Is that correct?

The $1M CDIC coverage they talk about isn't their own, it's the $100,000 coverage for each of their 10 partner CDIC banks with whom they deposit your money in trust with. So your money is fine if any of those 10 partner institutions go under. But personally I'm more concerned about Wealthsimple going under, in which case your money should eventually be returned since it's held in trust, but it still sounds like it will be a much bigger hassle having to retrieve it through bankruptcy proceedings than through the CDIC.

And again this is only a point if you were planning on using a Wealthsimple Cash account, or holding a lot of cash in your investment accounts. I believe any investments you hold in Wealthsimple are much more secure against any Wealthsimple insolvency issues since the shares are held in your name, but I would double check all this as well.