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Ontario Securites Commision - Investor offices
Investor News
November 28, 2019
 

New Website Launched

Financial Literacy Month 2019 is coming to an end, but it's not over just yet. In this issue of Investor News, we’re publishing many new resources and tools to help you get smarter about money. 

For many people investing is complex. There can be lots of unfamiliar terms and concepts, and people might not know where to start. To help with this, we’ve created InvestingFundamentals.ca, a new interactive microsite dedicated to some of the investing fundamentals.

Visit InvestingFundamentals.ca to learn about the 8 investing fundamentals for making smarter investing decisions using easy-to-understand visuals and language. Explore InvestingFundamentals.ca today

 

Learn about investing when and where you feel comfortable. Whether you're waiting to catch the bus, sitting in class before a lecture or relaxing at home, InvestingFundamentals.ca is optimized to work on your mobile device in addition to your laptop or desktop computer. 

 
New Spending Habits Calculator
 

New Spending Habits Calculator

What are your spending habits? Do you shop for things that you want rather than things you need? Use our new Spending Habits Calculator to find out how much you spend on non-essential items and how spending adjustments can help you save more money.

Visit GetSmarterAboutMoney.ca for more popular and free articles, tools and calculators to help you with your finances.

 
 

New Financial Literacy 101 YouTube Series

We're launching a new Financial Literacy 101 video series about money and investing basics on our YouTube channel. Watch our first two videos on what you need to know about RRSPs and TFSAs.

Watch now
✓ RRSPs 101 (Part 1) NEW
✓ TFSAs 101 (Part 1) NEW

Coming soon
✓ Stocks 101
✓ Mutual Funds 101
✓ ETFs 101

 
New Financial Literacy Research
 

New Financial Literacy Research

As part of the OSC’s activities for Financial Literacy Month, the Investor Office conducted new financial literacy research. This research tested investor knowledge of key topics including diversification, inflation, and interest. Preliminary results from this study reveal that 34% of Canadians have high financial literacy and 24% of investors may be overconfident in their knowledge. Read more

 
 

Financial Literacy for Newcomers to Canada

Our website for newcomers to Canada, InvestingIntroduction.ca, now has expanded information in 22 languages. Newcomers have to make many financial decisions during their first few years in Canada including where to open a chequing or savings account, how to build good credit history, and finding the best way to save for a home or education.

InvestingIntroduction.ca helps newcomers understand the financial and investment options available in Canada in 22 different languages. It explains Canadian investment products and terminology, warning signs of fraud, how to check advisor and firm registrations and the role of the OSC. Visit InvestingIntroduction.ca today

 
 

Budgeting for Black Friday

The unofficial start of the holiday shopping season is here with Black Friday just around the corner. It’s also the perfect time to plan ahead. You can make a shopping list to avoid impulse buying as too many unplanned purchases can lead to debt and financial difficulty. You can also create a gift budget to give yourself greater control over your spending. Try our Gift Budget Worksheet

 
 

Borrowing Money

There are many types of borrowing options like credit cards, mortgages and home equity loans. The right loan depends on why you’re borrowing, and how much you can afford to borrow. You’ll also have to be careful as too much debt, or the wrong kind of debt, could result in a financial setback. Learn more

 
 

Understanding Fund Facts

Every time you purchase a mutual fund, you’ll receive a document called Fund Facts. A Fund Facts document summarizes key information about the fund you’ve bought, including its performance history, investments, risk rating and the costs associated with owning it.

A mutual fund is a collection of investments, such as stocks, bonds and other funds. Your Fund Facts document provides you with a quick overview of the fund’s top investments, as well as the mix of the overall investment portfolio. You'll also get information on its risk rating, past performance, sales charges and fund expenses, and more. View an interactive Fund Facts sample

 
New Emergency Fund Calculator
 

New Emergency Fund Calculator

In case you missed our previous issue, check out our new Emergency Fund Calculator to estimate how much money you should set aside. Some emergencies in life can affect you financially. You could get sick, lose your job, or have a costly repair to your car or home. One way to cope with unexpected financial changes is to have an emergency fund. 

Visit GetSmarterAboutMoney.ca for more popular and free articles, tools and calculators to help you with your finances.

 
Re: investing
 

Ask Us An Investing Question

Investing and the investment world can be complex. Our Re: Investing website offers clear, unbiased answers to your questions about investing, from a trusted source. Here are some recent questions and our responses:

“Is investing in a cannabis company risky?”
“Can a Canadian invest in a U.S. start-up through equity crowdfunding?”
“How do I decrease the fees I pay on investments held within my RRSP?”

 
Regulatory Burden Reduction
 

The OSC released its report, Reducing Regulatory Burden in Ontario’s Capital Markets, which includes more than 100 specific actions to reduce burden for market participants doing business in Ontario’s capital markets. The OSC considered the impact to investors and ruled out any suggestions that would compromise investor protection. As these changes are made, individuals and businesses regulated by the OSC can expect to see enhanced service levels, less duplication and a more tailored regulatory approach. Read the report

 
 

CONSULTATIONS

 

Proposed amendments to business acquisition report requirements

Comments due: December 4, 2019

The Canadian Securities Administrators published for comment proposed amendments to the business acquisition report requirements for reporting issuers that are not venture issuers. Learn more

 

Proposed eight initiatives to reduce regulatory burden for investment funds

Comments due: December 11, 2019

The Canadian Securities Administrators published for comment proposed rule amendments aimed at implementing eight initiatives that seek to eliminate duplicative requirements, streamline regulatory processes, codify frequently-granted exemptions from certain rules for investment funds, and eliminate the need for certain regulatory approvals. These proposed changes are part of the CSA’s ongoing work to reduce regulatory burden for investment funds. Learn more

 

Proposed changes to auditor oversight rules

Comments due: January 2, 2020

The Canadian Securities Administrators published for comment proposed amendments to National Instrument 52-108 Auditor Oversight intended to provide the Canadian Public Accountability Board (CPAB) with improved ability to perform audit inspections. Learn more

 

WARNINGS/ALERTS

 

Always know the 10 most recent OSC investor warnings and alerts by bookmarking this Fact Card or embedding it on your website or blog.

 

Axe Invest

Axe Invest, offering investment services on its website found at www[dot]axeinvest[dot]com, is not registered in Ontario to engage in the business of trading in securities. Learn more

 

Blue Sail Trading

The OSC is warning investors that Blue Sail Trading and its associated trading platform Derivative 360/360Pro (collectively “BST”) are not registered to deal or advise in securities in Ontario. Learn more

 

Maxi Platinum Ltd., Strategy One Ltd

Strategy One Ltd. and Maxi Platinum Ltd., doing business as www[dot]superbinary[dot]com (together “Superbinary”) appears to operate an online binary options trading platform. Advertising, offering, selling or otherwise trading binary options by any entity, is prohibited in Ontario as specified in CSA Multilateral Instrument 91-102, Prohibition of Binary Options which was implemented on September 28, 2017. Learn more

 

IOSCO Investor Alerts

Stay informed about the latest international investor warnings and alerts by visiting the International Organization of Securities Commissions (IOSCO) Investor Alerts Portal.

 

KEY DATES

 

OSC in the Community

OSC staff are taking the Commission's regulatory mandate from Bay Street to Main Street with seminars on preventing fraud and making informed investment decisions.

  • November 28, 2019 - Toronto (Scarborough)
  • December 4, 2019 - Ridgetown
  • December 4, 2019 - Blenheim
  • December 5, 2019 - Toronto (Scarborough)
  • December 16, 2019 - Oakville
  • January 7, 2020 -  Brampton

Learn more

 
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Remember these 4 key things about registration when choosing an advisor.

 
 
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Visit InvestorOffice.ca to find past issues of Investor News.

 
 
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