Stories of foreign banks being wound up and falling stock prices might make some people nervous. And you may be wondering how your money is protected. Find out more about how Canadian financial institutions protect your investments and how regulators protect you too.

It’s natural to want to help the people you love. Sometimes that can mean providing financial support. But before you e-transfer any money, read about steps to take in advance of helping someone shore up their finances.

The First Home Savings Account (FHSA) launched this month. Some Canadian financial institutions are not offering it yet, but plan to later in 2023. Find out more about this registered savings plan for Canadians.

It’s easy to put off retirement planning. But if you get a tax refund, it might be a good time to put money towards your retirement. Having specific financial goals, like retirement, can help you target your savings.

The New Self-Regulatory Organization of Canada (New SRO) is working with Financial Services Regulatory Authority of Ontario (FSRA) to become a credentialing body for financial advisors. If agreed, New SRO could grant credential(s) that permit the use of the Financial Advisor title under Ontario’s Financial Professionals Title Protection Act.

How ETFs work

An exchange-traded fund (ETF) holds a collection of investments such as stocks and bonds. ETFs provide a way to diversify your portfolio.

• The CSA announced the rules to support new SEDAR+ filing system. SEDAR+ will create a modern, user-friendly platform that reduces the time and cost of securities regulatory compliance across Canada.
• The OSC published the 2023 Annual Service Commitment Review. It provides investors, registrants and market participants with transparency on the standards and timelines they can expect when interacting with the OSC.
• The securities regulatory authorities in Manitoba, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan published the underlying data used to prepare the eighth annual review of women on boards and in executive officer positions.

A whistleblower received almost a half a million dollars for information and assistance that led to a successful OSC enforcement action. Their contribution shows how the OSC Whistleblower Program continues to secure information from whistleblowers that could not otherwise be obtained.

An Ontario grandmother fell for a romance scam and ended up in a Hong Kong jail. Fake online Romeos can be convincing. Find out more about how to avoid romance scams.

An emergency fund can alleviate stress when surprise expenses occur. Maybe your car will need an urgent repair. Putting a few dollars away each month can help put the breaks on panic when the unexpected happens.

Warnings & Alerts

Upcoming events