Best Robo-Advisors in Canada (2026)

Wealthsimple remains the dominant player in the Canadian robo-advisor space. It offers a beautifully designed, intuitive app and absolutely zero minimum investment, making it highly accessible. Their portfolios are globally diversified across thousands of companies using low-cost index ETFs. They offer standard, Socially Responsible Investing (SRI), and Halal portfolios.

While their base fee of 0.50% drops to 0.40% for accounts over $100,000 (Wealthsimple Premium), it is not the absolute cheapest on the market. However, their seamless integration with Wealthsimple Cash, Crypto, and Tax makes it the ultimate all-in-one financial hub for Canadians.

Offered by Questrade, Questwealth Portfolios boasts the lowest management fees of any major Canadian robo-advisor. They charge just 0.25% for balances under $100,000, and an incredibly low 0.20% for balances above that threshold. Over decades of compounding, these fee savings can add up to thousands of dollars.

Unlike purely passive competitors, Questwealth uses active management. Their portfolio managers adjust the ETF allocations based on market research and economic trends. While active management doesn't guarantee outperformance, the structural cost advantage makes Questwealth highly compelling for fee-conscious investors.

Justwealth stands out by offering over 80 different portfolio configurations, significantly more than its competitors. They provide highly tailored portfolios for specific goals, including US-dollar portfolios, income-generating portfolios, and tax-efficient non-registered accounts.

They are particularly renowned for their Target Date RESP portfolios. Instead of maintaining a static risk profile, the RESP portfolio automatically shifts to more conservative fixed-income investments as the child approaches university age, perfectly aligning with the drawdown schedule of education savings.

For investors who prefer the security and integration of a Big Five bank, RBC InvestEase is the clear winner. Unlike many bank mutual funds that charge 2.00%+ MERs, InvestEase charges a competitive 0.50% management fee. The portfolios are built exclusively using low-cost iShares ETFs by BlackRock.

It integrates seamlessly into the existing RBC online banking dashboard, allowing current RBC clients to view their investments alongside their checking accounts and mortgages. They also offer Standard and Responsible Investing (ESG) portfolio options.

Formerly known as WealthBar, CI Direct Investing offers a hybrid model that blends robo-advisor automation with access to dedicated financial advisors. Their fee structure is tiered: 0.60% on the first $150k, dropping to 0.40% on the next $350k, and 0.35% above $500k.

While their base fee is higher, they offer premium financial planning services and access to private investment portfolios (like real estate and private equity funds) that are typically reserved for institutional or ultra-high-net-worth investors, making them an excellent choice for larger, more complex estates.