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Verify your knowledge
This is one option, along with the Executive Program, for those who qualify for Category II, III, or IV academic equivalency. It may be appropriate for you if you are self-taught and already have a good knowledge of most of the seven areas of personal financial planning.
This closed-book exam takes place on a date agreed to by you and the Institute. It is multiple choice and is divided into seven sections, one for each of the seven areas of financial planning (legal matters, insurance and risk management, finances, taxation, investments, retirement planning, and estate planning)
These questions help us verify your knowledge and identify the area(s) in which you need to progress in order to take the Professional Training Course, which puts theory into practice through case studies.
To pass the exam, you must score at least 70% in each area of expertise. If you do not obtain a passing grade in one or more of the areas, you will have to complete the Executive Program or a university course in each of the failed areas before you can enroll in the Professional Training Course.
Costs of the Equivalency Exam
Prices are subject to change without notice and do not include taxes.
Application and file analysis fee | $285.00 + taxes Non-refundable, to be paid again after 2 years of inactivity. |
Exam fees | $1,270.00 + taxes |
Exam rescheduling or cancellation fee | $90.00 + taxes |
La Collection de l'InstitutMain reference book, available in French only. | $400.00 + tax (GST only) |
The content of La Collection de l'Institut is also available online for the Institute's students and affiliates.
Cancellations and refunds
No refunds are issued once the exam has begun. The exam will be refunded free of charge if cancellation is requested within 30 days of purchase. No refunds will be given for cancellations made 31 days or more after purchase. If the conditions you agreed to when booking your exam are not met, you will be charged a modification or cancellation fee of $90 plus taxes. This fee must be paid before booking your next exam appointment.
Terms and conditions
There are no retakes for the equivalency exam. The exam must be completed within 6 months of the date of purchase. After that date, you must re-register and pay the fees.
Please allow 6 weeks for your application to be reviewed.