Ellen Roseman

Personal finance columnist at the Toronto Star and previously the Globe and Mail. My passion is consumer advocacy and making sense of money

Jun 2, 2022
Published on: LinkedIn
1 min read

Advocating for investor rights in Canada is a VERY slow process. So let’s celebrate the abolition of a system of selling mutual funds that hid the true costs from the buyers. The deferred sales charge, pioneered by Mackenzie Investments, came out just after the short-lived stock market crash in October 1987. Now it’s gone.

Beginning today, June 1, investors will no longer be able to purchase mutual funds with Deferred Sales Charges (DSCs). This is a big win for Canadian investors. The ban on DSCs will promote better investor outcomes by removing the harmful incentives created by these types of fees. For do-it-yourself (DIY) investors, trailing commissions will also be banned beginning today.

Fees can have a big impact on your returns. Read more:
https://lnkd.in/gYJV7sXg

Learn more about the ban on DSCs and trailing commissions in our May newsletter:
https://conta.cc/3LCJwbL
 
#investmentfees #investors #DIYinvestors #mutualfunds

Types of Fees - Canadian Securities Administrators

securities-administrators.ca