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Ontario Securites Commision - Investor offices
Investor News
June 6, 2019

June is Seniors' Month. Ontarians are living longer than ever, and older Ontarians make up a growing portion of Ontario’s population. It’s estimated that by 2041, approximately one in four Ontarians will be aged 65 or older.

The Ontario Securities Commission's (OSC) vision is a stronger and more secure financial future for all Ontario seniors. We continue to work on implementing our Seniors Strategy which includes a comprehensive action plan of targeted policy, operational, research, educational and outreach initiatives to ensure that older Ontarians’ needs are appropriately met by the OSC and the investment industry.


Our consumer website has many tools and resources for older investors.

  • New resource hub for seniors. We recently created a new resource hub to give older Ontarians a convenient, central online location to find resources available to them: consumer protection, community and social services, physical and mental health resources, legal help and more.

  • Retirement planning. To get the most out of your retirement years, it’s a good idea to have an up-to-date financial plan as well as follow a budget and use savings plans to maximize financial and tax benefits. Check out these 7 ways to prepare financially for retirement.

  • Living your retirement. Transitioning from working life to retirement takes careful financial planning and decision-making. Knowing how much you'll need to save for retirement will help you better prepare for the future. Read about the rules for taking money out of your RRIF.

  • Review and track. You'll receive key information when you buy and sell an investment, as well as regular account statements. Use this information to stay on top of your investments and track your progress toward meeting your goals. Review your investment account information.


Planning for Long-Term Care

Retirement means different things to different people. Admittedly, while many of us tend to focus on our ideal retirement scenario, planning for the possibility of long-term care is often given less attention, if any. The reality is your health can change at any time. Planning for these changes can help you live your retirement with dignity and access to important services. Our new Planning for long-term care article can help you take the first step to understand your options and the financial resources needed for each one. Learn more


Mental Accounting

All money is created equal, but your brain doesn’t believe it. We tend to treat money differently based on how we obtain it or what we intend to spend it on. For example, we may carefully plan how we spend our paycheques but carelessly spend our tax refunds or inheritance. This is called mental accounting and it significantly affects how we choose to spend, save and invest. Read our new article


Fee Calculator

Do you know the impact of fees on your investment returns? Every investment has a cost. Common types of fees include fund management fees, advisory fees, transactions fees or custodian fees.

Use our new Fee Calculator to estimate how these fees could impact your investment returns over time.


Financial Abuse of Seniors

Everyone has a role to play in identifying and preventing financial elder abuse. If someone tells you they are being abused, pressured or coerced, it is best to believe them, take their claims seriously, ask questions and offer support. Read about these 7 signs of financial elder abuse and what you can do if you suspect this might be happening to you or a loved one.


Retirement Cash Flow Calculator

Will your savings be enough for retirement? Try our new Retirement Cash Flow Calculator to plan your cash flow in retirement. You can estimate how long your money will last given the impact of different rates of return, spending habits and lifestyle choices.

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


Telephone townhalls are a way for the Investor Office to connect with thousands of Ontarians at a time, in the comfort of their own home. Telephone townhalls work much like a call-in radio show where OSC staff provide information, answer questions and conduct live polls over the course of one hour.

Our upcoming telephone townhall is being held as part of our Seniors' Month activities. Join us on June 12 from 6:30-7:30 pm to learn more about spotting common scams and ask OSC experts your investing questions. Register here


Last fall, the OSC's Investor Office published a national research study on investor knowledge, attitudes and behaviours.

Findings include:

  • Retirement preparedness: Younger Canadians are most likely to be optimistic about retirement, but least likely to have started saving for retirement. 39% of Canadians aged 18-34 expect their standard of living will improve in retirement, compared to only 8% of Canadians aged 55 and older.

  • Conversations about aging and finances: Most Canadian adults with parents aged 45 or older say their parents have not talked to them about how they would like their finances managed if they were no longer able to do so. However, over 4 in 10 (42%) Canadian adults with parents aged 85 or older reported that they are responsible for managing their parents’ financial affairs.

Catch up on all the findings


Do you have a complaint or issue with an investment firm? The Ombudsman for Banking Services and Investments (OBSI) is a free, independent dispute resolution service for investors. OBSI can make recommendations for compensation up to $350,000. Watch OBSI's new video to learn how they can help you and how the complaint resolution process works.


Retirement Ready Quiz

Are you retirement ready? Take our new Retirement Ready Quiz to find out how prepared you are and get tips to put yourself on the right track.


Romance Scams

A romance scam is when fraudsters, often using a fake dating profile, lure victims into trusting them and asks for money giving various excuses.

Some seniors may be especially vulnerable as fraudsters are known to target people experiencing loneliness or looking for companionship. Learn how you can protect yourself.




Proposed Designated Benchmarks Rule

Comments due: June 12, 2019

The CSA published for comment a proposed rule, National Instrument 25-102 Designated Benchmarks and Benchmark Administrators (Proposed NI 25-102), intended to implement a comprehensive regime for the designation and regulation of benchmarks and those that administer them.

Learn more


Proposed Designated Benchmarks Rule

Comments due: June 12, 2019

The OSC published for comment proposed Ontario Securities Commission Rule 25-501 (Commodity Futures Act) Designated Benchmarks and Benchmark Administrators, Companion Policy 25-501 (Commodity Futures Act) Designated Benchmarks and Benchmark Administrators, and proposed consequential amendments to Ontario Securities Commission Rule 11-501 Electronic Delivery of Documents to the Ontario Securities Commission.

Learn more


Proposed Amendments for Reporting Requirements for Marketplaces and Information Processors

Comments due: July 17, 2019

The CSA published for comment Proposed Amendments to National Instrument 21-101 Marketplace Operation and Proposed Changes to Companion Policy 21-101CP Marketplace Operation.

Learn more


Proposed National Systems Renewal Program Rule and Related Amendments

Comments due: July 31, 2019

The CSA set out next steps for a new integrated national information and filing system (the Renewed System) for Canada’s capital markets. The CSA is also proposing a new rule, National Instrument 13-103 System Replacement Rule, which would require filers to electronically transmit all documents to securities regulators through the new system, subject to certain exceptions.

Learn more


Proposed Repeal and Replacement of Multilateral Instrument 13-102 System Fees for SEDAR and NRD

Comments due: July 31, 2019

The CSA set out next steps for a new integrated national information and filing system (the Renewed System) for Canada’s capital markets. The CSA is proposing to revise Multilateral Instrument 13-102 System Fees for SEDAR and NRD to implement a flat-fee model, rather than the current model where system fees are based on the number of jurisdictions where documents are filed.

Learn more


Request for Comments on Proposed Amendments for At-the-Market Shelf Distributions

Comments due: August 7, 2019

The CSA published for comment proposed amendments to CSA National Instrument 44-102 Shelf Distributions (Proposed NI 44-102), which would replace exemptive relief that reporting issuers have generally required to conduct at-the-market (ATM) distributions of equity securities.

Learn more




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


Convicted Fraudster Weizhen Tang

The OSC is warning Ontario investors not to invest with convicted fraudster Weizhen Tang or any companies associated with him including Weizhen Tang and Associates Inc., Oversea Chinese Fund Limited Partnership Business and Weizhen Tang Corp. Learn more


United Financial Commodity Group

The OSC is warning investors that United Financial Commodity Group (UFCG) is not registered to sell securities in Ontario. 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.




Investor Office Telephone Townhall

June 12, 2019

Telephone townhalls are a way for the Investor Office to connect with thousands of Ontarians at a time, in the comfort of their own home. Telephone townhalls work much like a call-in radio show where OSC staff provide information, answer questions and conduct live polls over the course of one hour.

The next telephone townhall is being held as part of Seniors' Month.

Free registration


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.

  • June 11, 2019 - Toronto (Scarborough)
  • June 11, 2019 - Richmond Hill
  • June 13, 2019 - Sudbury
  • June 18, 2019 - Chesley
  • June 18, 2019 - Kincardine
  • June 19, 2019 - Owen Sound
  • June 21, 2019 - North Bay
  • June 25, 2019 - Toronto (Scarborough)

Learn more

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Check out these 6 money tips for life in retirement.




Grow your career and make a difference working at the OSC!

Investor Office staff strive for excellence in everything we do. We are not satisfied with simply checking the box. We are seeking a Senior Advisor, Research and Regulatory Innovation, to join our team to conduct investor and behavioural research, provide thought-leadership and advice on industry and regulatory innovation, and identify and help implement ways to improve the investor experience. Apply online by June 17, 2019

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