Rates as low as 3.95%: meet the Wealthsimple portfolio line of credit
Your investments can do more than grow. Put them to work and get instant access to cash — without selling a single share.
We're adding a new lending product to our lineup: the portfolio line of credit. It's designed to give you instant, affordable access to cash by borrowing against your investments. Use it to seize an opportunity, cover an expense, or simply provide a safety net, so you can get on with life knowing you've got options.
How a portfolio line of credit works
The portfolio line of credit lets you borrow up to 35% of your investment portfolio in just a few clicks. Instead of selling your holdings to access cash — and potentially missing out on future growth or triggering tax consequences — you can tap into the value you've already built.
You get low, transparent rates (lower than your bank!), fast access to funds, and the flexibility to pay it back on your own terms. That means no minimum monthly payment. And because it's built right into your Wealthsimple account, there's no need to juggle multiple institutions, deal with complicated paperwork, or even submit to a credit check.
What this means for you
This is about giving you more control and more options. Whether you're funding a down payment, covering an unexpected expense, or paying off larger debt, your portfolio line of credit is there when you need it.
Here's what that can actually look like:
- Carrying high-interest debt, like a credit card charging 20% or more? You can consolidate it at a lower rate and continue paying it down without touching your investments.
- Looking to make the most of your contribution room? You can top up your RRSP or TFSA and get your money working in the market right away.
- Need cash for something big (or not so big)? You can borrow as little as $1,000 and only pay interest on what you actually use.
It's also another step toward consolidating your entire financial life in one place. When your investing, saving, spending, and borrowing all live under one roof, you spend less time shuffling money between accounts and more time seeing the full picture. That means fewer tabs open, less manual work, and a clearer sense of where you stand, so every financial decision you make is a more informed one.
Your money should work as hard as you do. Now it can.
How to get started
Setting up your portfolio line of credit takes just a few minutes — here's how:
1. Open the Wealthsimple app on your phone or computer.
2. Go to add an account and select “Portfolio line of credit.”
3. Pick which accounts to use as collateral. This will let you see your borrowing limit.
4. Choose the amount you want to borrow and transfer it wherever you need it. That’s it!
Open an account
Disclaimers
Self-directed Investing is offered by Wealthsimple Investments Inc. (“WSII”). All investments involve risk. To get more info on our products, investment decisions, fee schedules, user testimonials, promos & more visit here.
Wealthsimple’s portfolio line of credit account margin rate is P-0.5% for Generation clients, P+0% for Premium clients, and P+0.5% for Core clients. Prime rate is X% for CAD as of DATE. Subject to change. Annualized rate, calculated daily, charged monthly. All investments involve risks. See here for details.
