Let the Minister of Finance know these proposed changes are unacceptable.
Today, Canadians have a choice in how they pay for financial advice, whether through upfront fees or through embedded commissions based on the products they buy and the size of their investments.
However, regulators are proposing that embedded commissions be banned, meaning that all investors would be forced to pay fees directly.
These changes don’t favour those who need professional advice most. Canadians who have less money to invest, whether seniors on a fixed-income or young people just starting to save for retirement, are most at risk.
Use our letter-writing tool on the right to tell the Minister of Finance to protect equal access to financial advice.