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in si de ha lto n. co m O ak vi lle B ea ve r | T hu rs da y, M ay 19 ,2 02 2 | 8 ABOUT US This newspaper, published every Thursday, is a division of the Metroland Media Group Ltd., a wholly-owned subsidiary of Torstar Corporation. The Metroland family of newspapers is comprised of more than 70 community publications across Ontario. This newspaper is a member of the National NewsMedia Council. Complainants are urged to bring their concerns to the attention of the newspaper and, if not satisfied, write The National NewsMedia Council, Suite 200, 890 Yonge St., Toronto, ON M4W 2H2. Phone: 416-340-1981 Web: www.mediacouncil.ca insidehalton@metroland.com facebook.com/OakvilleBeav @OakvilleBeaver WHO WE ARE VP, Regional Publisher Kelly Montague Regional General Manager Jason Pehora Director of Content Lee Ann Waterman Regional Managing Editor Catherine O'Hara Managing Editor Karen Miceli Director of Distribution Charlene Hall Circulation Manager Kim Mossman Directors of Advertising Cindi Campbell and Graeme MacIntosh Director Creative Services Katherine Porcheron CONTACT US Oakville Beaver 901 Guelph Line Burlington, ON L7R 3N8 Phone: 905-845-3824 Classifieds: 1-800-263-6480 Advertising: 289-293-0620 Delivery For all delivery inquiries, please e-mail kmossman@metroland.com or call 905-631-6095. Letters to the editor Send letters to insidehalton@metroland.com. All letters must be fewer than 320 words and include your name and telephone number for verification purposes. We reserve the right to edit, condense or reject letters. Published letters will appear in print and/or online at insidehalton.com OPINION TO LEARN HOW TO SUBMIT YOUR OWN CONTENT VISIT INSIDEHALTON.COM This provincial elec- tion, Oakville electors should know where those aspiring to represent us stand on issues that will impact Oakville's livabili- ty. Oakville town council's vision is to be the most liv- able community in Cana- da. Town council unani- mously approved a report that identified the town's 2022 priority intergovern- mental requests. Addressing these re- quests will advance the town's priority needs, par- ticularly around housing, climate change, popula- tion growth pressures, traffic and infrastructure. I have shared the list of the town's priority provin- cial requests and questions with every candidate run- ning in the ridings of Oak- ville and Oakville North-- Burlington. The election question- naire asks candidates to state their positions on the following: • Increasing the supply of housing and unlocking thousands of more afford- able housing opportunities around the Oakville GO station (Midtown) for our young people and new resi- dents. • Ensuring local control of zoning, ensuring a mu- nicipal voice at the table, forcing developers to build those unbuilt approved housing units and permit a vacant homes tax. • Funding the Kerr Street underpass project to accommodate provincial- ly-ordered growth and in- crease GO service on the Lakeshore West line. • Ensuring infrastruc- ture is there to support our growing population. A new courthouse, new schools and the expansion of local hospital capacity are just some of our community's infrastructure needs. • Supporting Oakville's plan for a net zero carbon target for 2050. This re- quires more EV charging stations, expanding the Greenbelt to include the urban river valley, com- pletely electrifying our bus fleet and updating the On- tario Building Code to re- flect a shift to net zero stan- dards. • Permitting municipal- ities to collect revenue through established fees under the automated speed enforcement program. • Upholding our bylaws that conserve and protect the Glen Abbey Golf Course cultural heritage landscape • Releasing the provin- cial reversionary interest in the Bronte Harbour lands so the town can in- vest in the needed repairs and updates at the Harbour and building. The candidates' an- swers will be posted on oakville.ca/mayor/ and shared in the daily news- letter from the office of mayor and council. Rob Burton is the may- or of Oakville. He can be reached at mayor@oak- ville.ca. KNOW HOW YOUR CANDIDATES STAND TOWN COUNCIL OUTLINES PRIORITIES HEADING INTO PROVINCIAL ELECTION, WRITES ROB BURTON A swan takes a dip at Bronte Harbour. Do you have a great local photo you'd like to share? Send it to sleblanc@metroland.com, along with a brief description. Natalie Rose Adams photo SNAPSHOT Investors can look for- ward to enhanced disclo- sure of investment fees and costs on the mutual funds and ETFs they own. This is a good thing, and it is a followup to cost dis- closure requirements im- plemented in 2016. The new standard of disclosure is at the proposal stage and the objective is to have it effec- tive in 2024. This effort is being made by regulators in both investment and insurance sectors to provide harmo- nization of standards. His- torically, this has not been the case. Clients will be able to see the fund expense ratio that will include both the management expense ratio (MER) and the trading ex- pense ratio (TER). This will be expressed as both a percentage and in dollar terms. Management expense ratio covers the cost of op- erating a mutual fund. Trading expense ratio is less understood. When se- curities within a mutual fund are bought and sold there can be a charge. When people have bet- ter ability to understand the costs, they are in a bet- ter position to determine if they are getting good value for their money. That's basically how capitalism works. It is a two-part process. Under- stand the costs. Then de- cide what and where you will purchase goods and services. This proposal for en- hanced fee disclosure is a good step for the industry, and a very good step for in- vestors. Peter Watson is regis- tered with Aligned Capital Partners Inc. (ACPI) to provide investment advice. Investment products are provided by ACPI. ACPI is a member of the Invest- ment Industry Regulatory Organization of Canada. The opinions expressed are those of the author and not necessarily those of ACPI. Watson provides wealth management services through Watson Invest- ments. He can be reached at watsoninvestments.com MORE DISCLOSURE GREAT FOR INVESTORS PETER WATSON Column SIGN UP FOR OUR WEEKLY NEWSLETTER AT INSIDEHALTON.COM ROB BURTON Column