The Best Canadian Referral Bonuses in 2026

Canada has one of the most competitive referral bonus landscapes in the world. Banks, crypto exchanges, investing platforms, and even shopping apps are all competing for your sign-up — and many are offering serious cash just to get you in the door.

Whether you are looking to pad your savings, get started in investing, or earn rewards on your everyday purchases, there is a referral bonus out there that fits your situation.

Banking Bonuses

Canadian banks and fintech companies have some of the most generous new-customer offers around.

Wealthsimple offers a $25 cash bonus for new clients who sign up and deposit at least $100. The platform also offers commission-free stock and ETF trading, making it one of the best all-around financial apps for Canadians. Use referral code US0EBW — claim the Wealthsimple bonus.

Simplii Financial, backed by CIBC, offers up to $500 for new clients who open a No Fee Chequing Account, set up direct deposit, and apply for a credit card. It is one of the most stacked welcome offers in Canadian banking — claim the Simplii bonus.

KOHO offers a $40 cash bonus for new users who make their first purchase over $20. Use referral code KOHOBONUS40 — claim the KOHO bonus.

Neo Financial offers up to $35 for new users — $25 when you get approved for the Neo Mastercard and an additional $10 when you open a Neo Everyday account and deposit $50. Use referral code E6B8C9Y7 — claim the Neo Financial bonus.

Investing Bonuses

If you are ready to start building your portfolio, several investing platforms will pay you to open an account.

Questrade is a Canadian staple. New users who sign up with referral code 645729798488332 and fund their account with at least $250 get a $50 cash bonus — claim the Questrade bonus.

Moomoo Canada, Canada's first AI-powered brokerage, offers up to $300 in rewards for new clients who open and fund an account. Use referral code QKLL7PPM. Moomoo is CIRO-regulated and CIPF-protected — claim the Moomoo bonus.

Webull Canada offers a $50 bonus for new users who sign up and make a qualifying deposit of $500 or more — claim the Webull bonus.

Crypto Bonuses

The Canadian crypto space is maturing fast, and several regulated platforms are offering referral incentives.

Shakepay is arguably the easiest crypto app in Canada to get started with. Buy $100 in Bitcoin or Ethereum and earn a $20 cash bonus. Use referral code KRQ31DB — claim the Shakepay bonus.

Newton is a Canadian-built, FINTRAC-registered exchange that offers a $25 bonus when you trade $100 or more. Use referral code EUSZ0G — claim the Newton bonus.

Kraken offers up to $200 in Bitcoin for new Canadian users who trade at least $200 CAD within 30 days. Use referral code ggfy2kwp — claim the Kraken bonus.

NDAX charges one of the lowest flat fees of any regulated Canadian exchange at just 0.20% per trade. New users who deposit $100 or more receive a $10 cash bonus — claim the NDAX bonus.

Shopping Bonuses

Referral bonuses are not limited to financial products. Shopping apps and marketplaces have gotten in on the action too.

Rakuten is the simplest one: make a $30 purchase at a participating retailer and get a $30 cash bonus. Rakuten also pays ongoing cashback at hundreds of Canadian retailers — claim the Rakuten bonus.

Poshmark gives new members a $15 credit on their first purchase. Use referral code THEPOSHLOVE — claim the Poshmark bonus.

How to Maximize Your Referral Bonuses

The best strategy is to stack multiple bonuses at once. Here is how:

Start with banking — Open a Simplii or KOHO account to earn your first bonus with minimal effort.
Move to investing — Open a Questrade or Moomoo account and fund it to unlock your investing bonus.
Add crypto — Sign up for Shakepay or Newton for exposure to crypto and an easy referral bonus.
Layer in shopping — Activate Rakuten and always use it before making online purchases to earn passive cashback.

By following this sequence, it is possible to earn well over $500 in referral bonuses within your first few months.

All referral bonuses listed are current as of the date of this article. Always verify current terms and conditions directly with the provider before signing up.

🎁 Claim Your Bonuses

Wealthsimple — use code US0EBW to claim your Wealthsimple bonus.

Questrade — use code 645729798488332 to claim your Questrade bonus.

KOHO — use code KOHOBONUS40 to claim your KOHO bonus.

Shakepay — use code KRQ31DB to claim your Shakepay bonus.

Newton — use code EUSZ0G to claim your Newton bonus.