Mutual Fund Regulatory Changes for Order-Execution-Only Dealers
We are notifying you of upcoming changes in support of the Canadian regulatory amendments effective June 1, 2022 which will prohibit the payment of trailing commissions to order-execution-only dealers like Qtrade Direct Investing.
Between March – May 2022, mutual fund manufacturers will be completing switches from a trailer paying series to a non-trailer paying fund series equivalent. As a result, you may see changes to your account where an equivalent non-trailer fund series is available. These transactions will show in your history and on your account statement and will cause no tax implications.