No site can give you an honest probability, because the total number of entries is not public. What can be computed is the ratio — and it points to a clear winner.
A probability is your entries divided by the total in play. Wealthsimple does not publish that total, so no site can honestly quote you a percentage. Anyone showing “1 in X” invented the denominator.
What can be computed without inventing anything is the ratio. Doubling your entries doubles your chances, whatever the number of participants. That is mathematically exact and enough to decide what to do — so that is what this article sticks to.
| Action | Entries | Notes |
|---|---|---|
| Signing up in the app | 1,000 | Requires a Cash account funded with at least $1. Reallocated monthly. |
| Qualifying referral | 100,000 | Per person referred |
| Net deposits | 1 per $1 | Overall cap of 300,000 per person; withdrawals are subtracted |
| Active direct deposit | ×2 | Doubles deposit entries, cap unchanged |
| Spinning the coin | Variable | Once daily, resets at 11:59 p.m. ET, no carry-over |
| Wealthsimple Presents QR code | 500 | Once per client |
September 2026 scale, checked August 24, 2026. The boosted referral is announced as temporary. A no-purchase method exists, as required by Canadian contest law; the terms are in the official monthly rules.
Take the 1,000 sign-up entries as the base, meaning the minimum to be in the draw at all. Here is what each strategy gives relative to it, on the September scale:
| Profile | Entries | Multiplier |
|---|---|---|
| Sign-up only | 1,000 | ×1 |
| Sign-up + $1,000 deposited | 2,000 | ×2 |
| Sign-up + $25,000 deposited | 26,000 | ×26 |
| Sign-up + 1 referral | 101,000 | ×101 |
| Sign-up + 2 referrals | 201,000 | ×201 |
| Sign-up + 3 referrals | 300,000 (cap) | ×300 |
Multipliers relative to the 1,000-entry base, on the September 2026 scale. They describe a ratio between your own scenarios, not a probability of winning: the total number of entries in circulation is not public.
The reading is overwhelming. A single referral is worth 100,000 entries, the equivalent of depositing $100,000. Nothing else on the scale offers that ratio of effort to entries — and unlike a deposit, it does not tie up your money.
It is also the only action that pays on both sides: your referee gets their welcome bonus, and you get both the referrer bonus and the 100,000 entries. Your personal code sits behind the gift icon in the app, exactly where this shows.
Wealthsimple periodically opens a $75 to $100 per-referral program, by invitation. It does not change the entry count, but it changes the cash return on the same action considerably: how to tell whether you're invited.
The full contest detail, including the spinnable coin and how it works day to day, is in our Monthly Millionaire guide.
Code LOIO3A: $25 Wealthsimple bonus + $10 by Interac e-Transfer after the claim form = $35 total.
Copy the code and open Wealthsimple →