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Total cost reporting (TCR) is a new industry-wide regulatory initiative from the Canadian Securities Administrators and the Canadian Council of Insurance Regulators. TCR does not alter how costs are calculated or charged. The reform affects only what clients see, not what they pay. It builds on our commitment to clarity and transparency by giving clients a more complete, standardized view of the total cost of investing, including:

• Previously embedded product-level costs
• Itemized product-level costs
• More personalized and detailed performance information

Turning Regulation into Opportunity: CE-accredited module (new)

At Equitable, we believe the future of transparency is advisor-led.

Total Cost Reporting (TCR) is changing the way investment costs are disclosed to clients. As clients gain greater visibility into costs, advisors have an opportunity to provide clarity, address concerns and reinforce the value they deliver every day.

In this on-demand, CE-accredited course, we'll explore what TCR means for advisors and clients, what clients will see on their 2026 year-end statements and practical ways to prepare for the changes ahead. You'll gain strategies for navigating client conversations, communicating the value of advice and building trust in an increasingly transparent environment.

Advisor FAQ

What will clients see on their statements?

• Total cost summary (in dollars) — The total investment costs for the year, including both advisor/dealer charges and product-level costs.
• Total cost as a percentage of average account value — The client’s total annual cost of their average account value over the year.
• Personalized rate of return calculations — Money weighted rate of return that reflects each client’s unique behaviour, such as deposits and withdrawals and will also show their rate of return since the date they opened the contract.

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