In January 2026, Total Cost Reporting (TCR) rules will go into effect. These rules, which were introduced by Canada’s securities and insurance regulators, are aimed at enhancing the transparency of the embedded costs of investment funds.
Explore key considerations as you prepare for the new disclosure requirements and reporting formats.
We’ve created this space to provide you with the tools, resources and insights you need to prepare for the new disclosure requirements and reporting formats as the 2026 implementation date approaches.
Insights
Navigating Total Cost Reporting
Stay ahead of the regulatory curve with clear insight into the cost of investing...
Increased transparency through new disclosures
Canada’s securities and insurance regulators have proposed new rules...
Are you ready for Total Cost Reporting?
Here are 7 steps you can take to get ready for enhanced cost disclosures required for the reporting year starting January 1, 2026.
Define scope
- Review your products to determine which are applicable for Total Cost Reporting (TCR)
Assess current systems, processes and procedures
- Decide on your calculation method (e.g. actual vs approximation)
- Confirm which team(s) will calculate TCR factors
- Confirm which team(s) will disseminate information
- Determine or review impacted investor statement reporting
Determine data validation, oversight and reconciliation processes
- Review monitoring processes for any external service providers contributing to the capture, computation or reporting of required data
Offer training and communication
- Develop and deliver training and communication programs for staff regarding the new requirements