Toronto-based fintech Wealthsimple is taking aim at the federal government for allowing banks and investment firms to gouge Canadians with what it calls junk fees on their own savings. In a submission to the 2025 federal pre-budget consultation—ahead of the Nov. 4 budget release—the company warned that exit and transfer charges on registered accounts like
Thing is, I’ve had all of those things, used them appropriately, and never had to pay those ‘junk fees’. Makes me think the idea is that they want to make money through loopholes that don’t currently exist because of said “junk fees”.
Big ass skepticism when I hear from Michael Katchen but maybe his profit motive is in our interest this time.
Thing is, I’ve had all of those things, used them appropriately, and never had to pay those ‘junk fees’. Makes me think the idea is that they want to make money through loopholes that don’t currently exist because of said “junk fees”.
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