Province of Ontario is finally banning mutual fund deferred sales charges for all sales after June 1, 2022

Like the rest of Canada, Ontario has decided to ban mutual fund deferred sales charges effective June 1, 2022.

However any mutual funds that are sold prior to that date, will still be subject to deferred sales charges until they expire. Normally this takes up to seven years.

Recommendation:
Stop investing in any deferred sales charge mutual funds right now and immediately cease any monthly, quarterly or annual contributions.

May 8, 2021

Posted in Blog Post.

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