Giving you greater clarity on the value you receive

 

The annual statement you receive from your advisor will be getting a major update that features some important and welcome improvements. The enhancements are collectively known as Total Cost Reporting (TCR) and will be rolled out across the wealth management industry.

What to Expect

The most important change is that the new annual statement will provide a dollars-and-cents breakdown of: 

•

The annual compensation your advisor and dealer received for financial advice and other services they provided you.

 

Account, Advice and Other Fees

   +
•Fees you paid to fund companies for the year for professional management of mutual funds, ETFs, scholarship plans and segregated funds. (You will also see the fund company fees presented in percentage terms as you do currently.) 

Management Expense Ratio (MER) and Trading Expense Ratio (TER)

   =
•

Your combined annual total for dealer and investment fund fees  

 

Total Fees for the Year

The new statements will be delivered in 2027 covering the 2026 calendar year.

Why it’s Important

Greater clarity on costs further empowers investors to make better, more informed choices. With the new statements, you can put a tangible dollar figure on the value you receive, making it easier to assess and compare products and services.

When you work with a professional advisor and invest with an active manager like iA Clarington, you benefit from the expertise and proven judgement of true stewards of wealth, positioning yourself for lasting success.

 

Rounded Title Table
Investment Advisor
Active Manager
  • Retirement and tax planning
  • Trust and estate planning
  • Portfolio construction and rebalancing
  • Education savings plans
  • Business and succession planning
  • Insurance planning
 
  • Professional research and investment selection
  • Ability to navigate evolving markets
  • Expert risk management
  • Solutions tailored to any investor need
  • Tax-advantaged investment options
  • Access to unique strategies and asset classes

 

You can learn more about TCR from the useful summary by the Investment Industry Association of Canada. Additionally, your dealer will provide further information on how it plans to roll out the new statements.

If you have any questions about the new statements or any of the fees you pay for advice and investment management, please speak with your advisor.