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June is Seniors' Month. As many older Canadians find ways to stay safe, active and connected in their communities, financial well-being plays an important role in people's overall health and in supporting retirement lifestyles.
Use these resources to improve your financial well-being.
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Types of Power of Attorney
Appointing a power of attorney can give you peace of mind if something unexpected happens. There are 3 different types of powers of attorney in Ontario, each addressing a specific need. Learn more
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Living Your Retirement
Financial decisions don't end after you've stopped working. Decisions like where to live, what hobbies to take up, and how to participate in your community will be, in part, influenced by whether you have the financial resources to support them. Visit the Living Your Retirement hub on GetSmarterAboutMoney.ca to understand your financial options and develop a plan for making your retirement savings last.
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RRIF Withdrawal Calculator
A Registered Retirement Income Fund (RRIF) is a plan that can give you steady income in retirement. It works like a Registered Retirement Savings Plan (RRSP) in reverse because you withdraw money instead of saving. Use our RRIF Withdrawal Calculator to estimate how long your savings could last. Try the RRIF Withdrawal Calculator
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Affinity Fraud
Be on alert for fraudsters trying to gain your trust through group or community organizations. Fraudsters are known to use religious groups, cultural groups and even workplace communities like unions or the military to find new victims. Learn more
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Personal Information Inventory
Do your loved ones know where to find key information about your finances if you are unable to provide guidance?
Complete the Personal Information Inventory document and tell a trusted contact where they can find it in case of an emergency. Learn more
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Reverse Mortgage
A reverse mortgage is a loan based on the value of your home. A key feature of a reverse mortgage is that you can access a certain amount of your home’s equity without having to sell it. However, there could be higher borrowing costs and other fees. Learn more
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Mortgage Payment Calculator
Are you moving soon? If you're thinking about your mortgage options, use this calculator to estimate your monthly payments under different scenarios. Try the Mortgage Payment Calculator
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Investment Scams Imitating Well-Known Financial Brands
The Canadian Securities Administrators (CSA) is warning the public about scammers claiming to represent large, well-known financial companies. Recently, the CSA has noted an increase in the number of scams involving the use of professional looking electronic brochures and other marketing material, designed to deceive Canadian investors into visiting “spoofed” websites. Learn more
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Proposed amendments to NI 14-101 Definitions and Consequential Amendments
Comments due: July 21, 2021
The CSA are proposing amendments related to a uniform definition of "Canadian financial institution" and a revised definition of "Handbook." Learn more
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Proposed framework for commodity benchmarks
Comments due: July 28, 2021
Canadian securities regulators, including the OSC, proposed a framework for the designation and regulation of commodity benchmarks and the persons or companies that administer them. Learn more
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Proposed amendments to OSC Rule 25-501 & Proposed Changes to Companion Policy 25-501
Comments due: July 28, 2021
The OSC published a separate notice of proposed amendments to OSC Rule 25-501 and the CP regarding commodity benchmarks.
OSC Rule 25-501 is based on, and consistent with, Multilateral Instrument 25-102 Designated Benchmarks and Benchmark Administrators (MI 25-102) of the Canadian Securities Administrators (CSA). Consequently, for additional background and other information, please see the CSA Notice of MI 25-102 and Companion Policy dated April 29, 2021. Learn more
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Proposal to streamline continuous disclosure requirements
Comments due: September 17, 2021
The CSA is proposing changes to the continuous disclosure requirements for non-investment fund reporting issuers that will streamline and clarify their annual and interim filings. Learn more
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Always know the 10 most recent OSC investor warnings and alerts by bookmarking this Fact Card or embedding it on your website or blog.
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Sunil Tulsiani
The OSC is warning Ontario investors regarding the conduct of Sunil Tulsiani, who is permanently banned from trading securities in Ontario, and pleaded guilty to Securities Act offences in 2017. The OSC is aware of events being hosted by Mr. Tulsiani’s Private Investment Club. Learn more
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Ultimatefxpro ltd [sic]
Ultimatefxpro ltd, found at www[dot]ultimatefxpro[dot]com, is not registered in Ontario to engage in the business of trading in securities. Learn more
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COVID-19 Fraud Alerts
Watch our COVID-19 fraud alert video series. Fraudsters are exploiting the fear surrounding economic conditions and the COVID-19 pandemic.
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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. |
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OSC in the Community
OSC in the Community is an outreach program that takes the OSC's regulatory mandate from Bay Street to Main Street. OSC staff travel to communities across Ontario to talk to people about making informed financial decisions and avoiding investment fraud.
To protect the health and safety of the public and staff, all OSC in the Community events will be delivered online or by phone until further notice. We will continue to monitor the situation and follow guidance from public health authorities.
- June 1, 2021 - Webinar
- June 2, 2021 - Webinar
- June 2, 2021 - Webinar
- June 9, 2021 - Webinar
- June 10, 2021 - Webinar
- June 14, 2021 - Webinar
- June 15, 2021 - Webinar
Learn more
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Telephone Townhall
June 9, 2021 at 6:30 p.m.
Join our seniors-focused telephone townhall on protecting Ontarians from investment fraud and financial abuse. Our telephone townhalls connect with thousands of Ontarians at a time, in the comfort of their own home, and 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. Register today
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The Investor Office is currently seeking to fill an opening on our high-performing team. We offer a diverse, fair and flexible work environment and take pride in our challenging and rewarding work. Grow your career and make a difference working at the OSC! |
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Senior Financial Literacy Advisor
We're hiring a subject matter expert on financial education and financial literacy. The successful candidate will help the OSC incorporate sound educational practices into its programs to help people improve their financial knowledge, skills, confidence and behaviours.
Application deadline: June 14, 2021. Apply today
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Here are 3 ways convert your retirement savings to income.
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