January is the month each year when financial institutions will provide their clients with two annual statements. The Annual Investment Performance Statement (what you made) and the Annual Charges and Other Compensation Statement (what you paid).
FAIR Canada highly recommends that you read these statements to better determine whether the fees you are paying are good value for the services and investment returns you are getting.
If you have questions or concerns, you should raise them with the financial institution(s) that you use for your investments.
The regulations requiring these statements are referred to as Client Relationship Model Phase 2 (CRM2). CRM2 came into effect July 15, 2016. CRM 2 requires financial institutions to provide these statements to their clients to better enable them to judge the value of the investment advice and products or services that they are receiving.
Help in Understanding:
To help investors better understand these statements, FAIR Canada has produced "Understanding Your Statements" - a series of short videos explaining what Canadians need to know about the annual investment performance and cost reports.
How Much You Made and What You Paid - FAIR Canada's Video Series to Explain Your New Annual Statements (CRM2)
Canadian investors will be seeing two new mandatory reports (one on COST and one on PERFORMANCE) from their financial institutions starting July 15th, 2016. This video provides the overview of these reports, with additional videos provided for more in-depth explanations.