Canada Financial Advice Questions to Ask

Many Canadians rely on bank advisors, but clients are urged to examine how compensation, incentives, and sales targets may shape recommendations offered.
An advocacy group for older Canadians says advice can limit choices when advisors are restricted to a bank's own products rather than wider options.
The group highlighted a recent regulatory finding: close to 25% of in-branch advisors admitted not acting in clients' best interest at times.
It argues small return differences can compound into major retirement losses, and is pressing for greater transparency plus real best-interest standards across Canada.
The group says its $19.95 membership supports advocacy, education, and regulatory efforts aimed at financial security, health, and dignity for aging Canadians.