How much money do I need to invest to earn all $675+?

To qualify for all 11 bonuses, you need approximately $550 in total cash deposits: $100 for Wealthsimple, $100 for EQ Bank, $100 for Tangerine, $250 for Questrade, and nothing for EBOX, Public Mobile, Rakuten, Neo Financial, or Simplii (though Simplii requires monthly direct deposit, not a cash deposit). Wise requires a first transfer of $200 CAD or more. Rover requires booking a pet care service. You can keep most of the $550 invested — it does not need to be spent.

How to Earn $675+ Stacking Canadian Referral Bonuses 2026

Published: May 18, 2026 Last Updated: May 21, 2026 Reviewed by: WealthPerks Editorial Team

QUICK ANSWER

You can earn $675+ by stacking all 11 active Canadian referral programs.

The 11 programs are: Wealthsimple ($25, code XVJHLJ), Simplii Financial ($400, referral link), Questrade ($50, referral link), Tangerine ($50, referral link), Rakuten ($30, referral link), Neo Financial ($25, code M7Q4X6J8), EQ Bank ($20, referral link), EBOX ($25 off, code OR181), Public Mobile ($10 off, code W9TZMD), Wise (fee-free transfer on first $200 CAD+ transfer), and Rover ($20 off first booking). All are from separate institutions. There is no rule preventing you from claiming all simultaneously.

What Is Referral Stacking?

Every major Canadian bank, brokerage, and telecom platform runs its own independent referral program. These programs are funded separately by each company as a customer acquisition expense. Because the programs are separate, there is no shared database preventing you from signing up for all of them at the same time.

"Referral stacking" simply means signing up for multiple programs in sequence to collect all the bonuses. When you open a Wealthsimple account and then open a Simplii Financial account and then open an EQ Bank account, you are not doing anything unusual. You are just a new customer to each institution — and each one pays you a welcome bonus independently.

There is no fraud involved. Each company independently funds its own referral bonus, and each company makes its own determination about your eligibility. The only requirement is that you are a genuinely new customer to each platform — which you are, if you have never held an account there before.

All 11 Referral Bonuses — Complete List

Here are all 11 active programs ranked by bonus size. The total comes to $675+ in cash and credits.

Platform	Bonus	Code / Link	Min. Requirement	Time to Bonus	Difficulty
Simplii Financial	$400 CAD	Referral link	$100/mo direct deposit × 3 months	6–14 weeks	High
Questrade	$50 free trades	Referral link	$250 deposit within 60 days	3–6 weeks	Medium
Tangerine	$50 CAD	Referral link	$100 deposit	7–14 business days	Low
Rakuten	$30 cashback	Referral link	First qualifying purchase of $30+	90 days after purchase	Low
Wealthsimple	$25 CAD	Code XVJHLJ	$100 deposit	7–12 business days	Low
Neo Financial	$25 + 5% CB	Code M7Q4X6J8	One qualifying purchase of $50+	2–7 business days	Low
EQ Bank	$20 CAD	Referral link	$100 deposit	5–10 business days	Low
EBOX	$25 off	Code OR181	No deposit — new internet plan	Instant at checkout	Low
Public Mobile	$10 off	Code W9TZMD	No deposit — any 30-day plan	Instant at activation	Low
Wise	International transfers	Fee-free transfer	$200 CAD first transfer	At first transfer	Guide →
Rover	Pet care	$20 off	First booking only	At first booking	Guide →
Total	$675+ CAD	Cash, free trades, bill credits, and cashback combined

The Right Order to Sign Up (Fastest to Slowest Payout)

Sign up in this order to maximize speed and avoid missing any windows. Programs with instant rewards come first. Simplii Financial is listed last because it has the longest payout window — but you should start it as early as possible since the 3-month direct deposit requirement begins at account opening.

EBOX Internet

$25 off first month

Code: OR181

Enter code OR181 at checkout on ebox.ca. Available in Quebec and Ontario. No deposit required. The $25 is applied instantly as a discount on your first month of internet service.

Public Mobile

$10 off first 30-day plan

Code: W9TZMD

Enter code W9TZMD at activation on publicmobile.ca. Works on all prepaid plans. No deposit required. The $10 is applied instantly as a discount on your first 30-day plan.

Wealthsimple

$25 CAD cash bonus

Code: XVJHLJ Open Account →

Sign up using the Wealthsimple referral code XVJHLJ. Open a TFSA, RRSP, or Personal Investing account and deposit $100 from an external bank. Cash accounts may not qualify — use an investing account type.

Neo Financial Mastercard

$25 CAD + 5% cashback

Code: M7Q4X6J8

Apply for a Neo Financial Mastercard and enter code M7Q4X6J8 during signup. Make one qualifying purchase of $50 or more. You receive $25 cash plus 5% cashback on that first qualifying purchase.

EQ Bank

$20 CAD cash bonus

Link: Get EQ Bank referral link →

Open a new EQ Bank account through a referral link and deposit $100 to your account. EQ Bank is a federally regulated bank (Equitable Bank) offering high-interest everyday banking with no monthly fees.

Tangerine

$50 CAD cash bonus

Link: Get Tangerine referral link →

Open a new Tangerine chequing or savings account using a referral link and enter the Orange Key when prompted. Deposit $100 or more to qualify. Tangerine is a Scotiabank subsidiary with CDIC deposit insurance.

Rakuten Canada

$30 CAD cashback

Link: Get Rakuten referral link →

Create a new Rakuten Canada account through a referral link — do not sign up directly at rakuten.ca or the bonus will not apply. Make one qualifying purchase of $30 or more through the Rakuten portal. Cashback is paid in the next quarterly payout cycle.

Questrade

$50 in free trades

Link: Open Questrade account →

Open a new account using the Questrade referral code and deposit $250 within 60 days of account opening. The $50 in free trades is credited to your account and applied automatically on your first 10 trades.

Simplii Financial

$400 CAD — Start Early

Link: Open Simplii Account →

Open a Simplii Financial referral code account (No Fee Chequing) via the referral link above. Set up payroll or government direct deposit of $100 or more per month for 3 consecutive months. The $400 bonus is deposited after the third qualifying month. Note: e-Transfer deposits do NOT count — only payroll EFT qualifies.

Wise

Fee-free transfer (up to $600 in fees)

Link: Open Wise Account →

Click the referral link, create a Wise account, verify your ID, then make your first transfer of $200 CAD or more. Transfer fees are waived automatically.

Rover

$20 off first booking

Link: Open Rover Account →

Click the referral link, create a new Rover account, browse local pet sitters, and book your first service. The $20 discount applies automatically at checkout.

Realistic Payout Timeline

Here is when you can realistically expect each bonus to arrive, assuming you sign up for all 11 programs within the same week.

Timeframe	Bonuses Received	Cumulative Total
Day 1 (sign-up day)	EBOX $25 off • Public Mobile $10 off	$35
Week 2	Neo Financial $25 + 5% cashback	$60+
Week 2–3	EQ Bank $20 • Wealthsimple $25	$105
Week 3	Tangerine $50	$155
Week 4–8	Questrade $50 in free trades	$205
Week 13–14 (next payout quarter)	Rakuten $30 cashback	$235
Week 14–16	Simplii Financial $400 • Wise fee-free transfer • Rover $20 off	$675+

Your $675+ Breakdown

Here is every bonus accounted for. The total is $675+ in combined cash, free trades, bill credits, and cashback.

Simplii Financial$400.00

Questrade (free trades)$50.00

Tangerine$50.00

Rakuten (cashback)$30.00

Wealthsimple (code XVJHLJ)$25.00

Neo Financial (code M7Q4X6J8)$25.00 + 5% CB

EBOX (code OR181) — bill credit$25.00 off

EQ Bank$20.00

Public Mobile (code W9TZMD) — bill credit$10.00 off

Wise — fee-free transferUp to $600 in fees waived

Rover — first booking discount$20.00 off

Total$675+ CAD

Note: EBOX and Public Mobile are bill credits applied at checkout/activation, not cash deposits. They have direct monetary value equal to their face amount. Questrade's $50 is in free trades, not withdrawable cash. Rakuten cashback is paid via PayPal or cheque in the next quarterly cycle. Wise's fee-free transfer waives transfer fees on your first transaction; the value varies by amount and corridor. Rover's $20 is a first-booking discount applied automatically at checkout.

Rules That Could Disqualify You

Each platform independently enforces eligibility. Here are the most common reasons people miss out on a bonus.

Must be a new customer. You cannot hold or have held an account with that platform previously. Existing customers are ineligible for the welcome bonus at every institution listed.
Referral code or link must be used at sign-up. No platform allows you to apply a referral code retroactively after the account is created. You must use the code or click the referral link before or during account creation.
For Simplii Financial: e-Transfer deposits do not count. Only payroll EFT from an employer or government payment (CPP, EI, OAS, GST/HST credit) qualifies as direct deposit. Manual bank transfers — even recurring ones — will not trigger the bonus.
For Wealthsimple: use an investing account type. Cash accounts may not qualify for the referral bonus. Open a TFSA, RRSP, FHSA, or Personal Investing account to ensure eligibility.
For Rakuten: you must click the referral link first. Signing up directly at rakuten.ca without clicking a referral link will not qualify you for the $30 welcome bonus — even if you enter a code afterward.
Quebec residents are eligible for all 11 programs listed. No program restricts Quebec residents. EBOX is particularly well-suited to Quebec given its coverage area.
Bonuses may be taxable income. Cash bonuses from banking and investing platforms may be reported as income by the CRA. Bill credits and cashback are generally not taxable. Consult a tax professional for your specific situation.

Frequently Asked Questions

Is it legal to claim multiple Canadian referral bonuses?

Yes. Each institution independently funds its own referral program. Signing up for multiple programs simultaneously is legal and does not constitute fraud. There is no cross-institution reporting requirement, and no Canadian law or regulation prevents you from being a new customer at multiple financial institutions. Each company evaluates your eligibility on its own terms.

How much money do I need to invest to earn all $635?

To qualify for all 11 bonuses, you need approximately $550 in total cash deposits: $100 for Wealthsimple, $100 for EQ Bank, $100 for Tangerine, and $250 for Questrade. EBOX and Public Mobile require no deposit. Rakuten requires only a $30 qualifying purchase (money you would spend anyway). Neo Financial requires a $50 qualifying purchase on a card you apply for. Simplii requires monthly payroll direct deposit — not a cash deposit. Wise requires a first transfer of $200 CAD or more (which you are sending to yourself or a recipient, not spending). Rover requires booking a pet care service. The $550 deposited into Wealthsimple, EQ Bank, Tangerine, and Questrade remains yours and can be withdrawn or kept invested.

Can I do this in Quebec?

Yes. All 11 programs serve Quebec residents. Wealthsimple, Simplii Financial, EQ Bank, Tangerine, Questrade, Neo Financial, Public Mobile, Rakuten, Wise, and Rover all operate in Quebec. EBOX internet service is available in Quebec — in fact, Quebec is its primary service area. Quebec residents can claim the full $675+ stack without restriction.

What if I already have an account with one of these platforms?

The referral bonus is for new customers only. If you already hold an account with a platform — whether active or closed — you cannot claim that platform's welcome bonus. You can still claim all other bonuses for which you are a new customer. For example, if you already have a Wealthsimple account, you can still claim bonuses from Simplii, EQ Bank, Questrade, Tangerine, Neo Financial, Rakuten, EBOX, Public Mobile, Wise, and Rover.

Are Canadian referral bonuses taxable?

It depends on the type of bonus. Cash bonuses from investing or banking platforms — Wealthsimple ($25), Simplii Financial ($400), EQ Bank ($20), Questrade ($50), and Tangerine ($50) — may be treated as taxable income by the CRA and should be reported. Bill credits from EBOX ($25 off) and Public Mobile ($10 off) are generally not considered taxable income. Rakuten cashback is generally treated as a discount or rebate and is typically not taxable income in Canada. Neo Financial's $25 bonus may be taxable. The total potentially taxable amount across the cash bonuses is approximately $570. Wise's fee waiver and Rover's discount are generally not considered taxable income. Consult a tax professional for advice specific to your situation.

What is the fastest way to earn the most money?

Start Simplii Financial the same day you begin — even though it pays last, the 3-month direct deposit requirement starts from account opening, so every day you delay is a day later you receive the $400. While Simplii is processing, sign up for Wealthsimple (code XVJHLJ) and EQ Bank simultaneously — both pay within 10 business days and require only a $100 deposit. Then open Tangerine for another $50 within 2 weeks. Neo Financial with code M7Q4X6J8 pays in 2–7 business days after one qualifying purchase. EBOX and Public Mobile are instant the day you sign up. Questrade and Rakuten take longer, but starting them early locks in your eligibility window.

Ready to start stacking?

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WealthPerks earns a referral fee when you open accounts via our links. This does not affect the bonus you receive. Affiliate disclosure. Bonus amounts, codes, and eligibility requirements are verified as of May 2026 and are subject to change by each institution. Verify current terms before applying.

How to Earn $675+ Stacking Canadian Referral Bonuses in 2026