Does Wealthsimple accept US citizens abroad?
Fintech headquartered in Canada. Website: https://www.wealthsimple.com
Wealthsimple's help centre advises US citizens and green-card holders living in Canada on which account types to use. It says RRSPs and non-registered accounts are OK. It warns that TFSAs and RESPs usually aren't tax-sheltered for IRS purposes, and that Canadian ETFs are PFICs. Eligibility only requires that you live in Canada and have a SIN.
"If you are a U.S. citizen or green card holder and you live in Canada, you need to report your worldwide income to both the Canada Revenue Agency (CRA) and the U.S. Internal Revenue Service (IRS)."
By country
| Country | Product | Status | Note & source | Last confirmed |
|---|---|---|---|---|
| 🇨🇦 Canada | Investing accounts (RRSP, non-registered, TFSA) | Opens new accounts | Wealthsimple's help centre advises US citizens and green-card holders living in Canada on which account types to use. It says RRSPs and non-registered accounts are OK. It warns that TFSAs and RESPs usually aren't tax-sheltered for IRS purposes, and that Canadian ETFs are PFICs. Eligibility only requires that you live in Canada and have a SIN. | 2026-10-19 |