Inserting a prepaid sim card from the current smartphone to a new smartphone

I have a Huawei Ascend Y300 smartphone.
It is tied to Virgin.ca
I am using a prepaid Virgin sim card for the phone.
I have been doing that for 4 years now.

Questions :
If I buy another smartphone which is compatible with Virgin.ca, can I just simply take the prepaid Virgin sim card out and insert it into the new smartphone ? Size of the sim card is not an issue.
Will the new smartphone work this way without me contacting Virgin Mobil for activation ?
Thanks.

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