Canadian firms to report total investment fees from 2026

Investors often receive incomplete annual fee reports from financial advisers, which do not include all fees, particularly those embedded in financial products. This can lead to misunderstandings about the true cost of investment services. Currently, there is no requirement for firms to disclose total fees, making it difficult for investors to understand what they are paying. Many investors may not realize they are paying more than they think due to these hidden costs. Starting in 2026, Canadian regulators will require firms to report total fees, which aims to provide clearer information to investors. This change is expected to improve transparency in investment costs.