3 key sources of information
1. Confirmation slips
- You’ll receive a confirmation slip after you buy or sell an investment:
- Check that the investments bought and sold are correct.
- Check that fees and commissions charged are correct.
- Keep the confirmation for tax purposes if it shows deductible expenses.
2. Account statements
You should receive monthly or quarterly account statements that show the activity in your account and provide an update on your investments. You may receive statements in the mail or you may be able to view them online:
- Check that the investments bought and sold are correct.
- Check that the fees and commissions charged are correct.
- See how much your investments have gained or lost.
3. Disclosure documents and notices
This can include prospectuses, proxy voting materials and notices that affect your investments (for example, notice of a stock split):
- Review this information because it may affect your investments. You may have to take action by a certain deadline.
- Ask your advisor or investment firm about anything you don’t understand.
Talk with your advisor
If you use an advisor, meet and talk regularly to see if your investments are on track and still fit with your goals:
- Check how your investments are doing and if they still fit with your goals.
- See if there are any decisions about your investments that you have to make soon.
- Talk about any changes you may want to make.
Take action
Review:
- Your confirmation slips
- Your account statements
- Disclosure documents and notices
