Simplified path for CFP holders

The Simplified path for CFP holders is a customized path for CFP holders wishing to adapt to the specificities of financial planning in Quebec and obtain the title of F.Pl. It is currently offered in French only, but will soon be available in English.

A path specially designed for CFPs

The Institute of Financial Planning is now offering a certification path specifically designed for CFP (Certified Financial Planner) holders wishing to obtain the title of financial planner (F.Pl.). This program is designed to simplify the transition by recognizing the skills and knowledge already acquired, while offering targeted training on the differences specific to the Quebec financial planning context.

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Objectifs

Objectives

The new certification pathway has been created to:

  • Recognize the prior training of individuals holding the CFP designation, which shares many similarities with the F.Pl. designation
  • Provide accelerated training in the specific aspects of financial planning in Quebec, including the legal and estate planning aspects


Contenu

Course content

The program comprises 7 modules, designed to enable holders of the CFP designation to complete their competencies to comply with specific Quebec requirements.

  • Integrated personal financial planning process: This module explores the 10-step analysis method developed by the Institute. This method provides a rigorous yet flexible framework for structuring financial planning services while adapting to the individual needs of each client.
  • Legal aspects: This module will provide a deeper understanding of legal aspects specific to Quebec, such as inheritance rights, matrimonial regimes and business structures specific to the province. The aim is to integrate Quebec's legal particularities into the day-to-day practice of financial planning.
  • Finance: In this module, participants will learn how to adapt their financial skills to Quebec's specific standards and regulations. This module will cover the drafting of financial statements in line with current practices, as well as the analysis of estate balances and liquid assets, taking into account Quebec's tax and legal particularities.
  • Taxation: This module deepens participants' knowledge of Quebec taxation, in particular the distinct rules governing personal income tax. Participants will focus on integrating province-specific tax rules into their advisory strategies.
  • Investments: Participants will deepen their knowledge of the Quebec capital market and the financial products available. This module will focus on the particularities of investing in Quebec, taking into account specific regulations and portfolio management options adapted to the provincial context.
  • Insurance and risk management: This module enables participants to understand the nuances of risk management in Quebec. They will be trained to assess the specific risk management needs of their Quebec clientele, and to propose solutions adapted to provincial laws and regulations.
  • Retirement: This module provides participants with the tools they need to adapt their retirement planning strategies to Quebec plans, such as the Quebec Pension Plan (QPP). Participants will learn to integrate the particularities of public and private plans specific to the province.


Format

Format and modalities

  • Asynchronous format: training is entirely online, allowing you to learn at your own pace
  • Teaching aids: video clips and complementary readings


Durée

Duration and cost

  • Total duration: approximately 40 hours of content spread over 6 to 8 weeks
  • Cost: $1,199 + taxes for the entire course

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Examen

Certification exam

At the end of the training course, participants must pass an exam containing multiple-choice questions to validate their knowledge, as well as a case study to check their ability to integrate the concepts.

  • Exam modalities: two attempts are allowed. If you fail after two attempts, you will be required to re-register for the course.
  • At least 8 weeks must elapse between registration and examination.


Formation continue

Professional development

The Institute and FP Canada are currently working on adapted and harmonized professional development requirements for professionals who will hold both designations.

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