Infographic: How Much Are Mutual Fund Fees Costing You?

The average Canadian investor pays the equivalent of 3 coffees per day in mutual fund fees. In fact, Canadians pay the highest fees in the world on mutual funds. Billions annually.

But not to worry. There are better, lower-cost options out there for your money that can save you hundreds of thousands over your lifetime.

The real cost of a mutual fund in Canada.Looking for a better way to invest with lower fees? Sign up for WealthBar today and get started with low-cost ETF investing with a team of experts by your side. We make it easy to open and RRSP, TFSA or any other investment account saving you time and money.

When you sign up be sure to take advantage of our free financial planning and consultation which you can do before you start investing.

Questions? Get in touch by emailing us at info@wealthbar.com.

3 Comments

Carson James

I have paid a total of $0 in fee’s for my mutual funds and had absolutely no issues with it. Unless every other bank other than CIBC is a crook, I would say this article is complete hogwash.

Reply
Denny Hollick

Hi Carson,

As much as I’d love for there to be such thing as no-fee investments, they simply don’t exist. ALL of these ‘no-fee’ investments do in fact have fees. There are many types of fees but they are not transparently or clearly disclosed. In many cases, some of these no-fee investments can be the worst offenders. Take a dig into the fine print, check out the MERs, ask your advisor, and ask someone else who is experienced in investing for a second opinion.

But you don’t need to take my word for it, just check out this article here: http://www.cbc.ca/news/canada/banks-misleading-clients-on-mutual-funds-1.1415027

Reply
Bob Pearson

You do need to tell us all how you pay $0 for mutual funds. I was paying $10000 per year in fees, and they hardly kept up with the market indices.
I am happy to hear you have someone who works for nothing

Reply

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