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The DSC Debate Rages On

The Canadian Securities Administrators have proposed a ban on the DSC sales option of mutual funds. The Ontario government announced it didn’t support the proposal. I agree with the Ontario government. DSC charges are not the problem. The high total, annual cost of MERs and TERs (trading expense ratio) is the problem. Added together, the MER and TER pose a significantly higher long-term client wealth destructor than potential DSC redemption charges. What is Deferred Sales Charge (DSC) and why does it exist? I have a summary at the top of page three. I believe the Canadian Securities Administrators have missed the mark. Are potential DSC redemption charges more damaging to wealth than

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