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CFP Core Curriculum Education Program

The first step towards CFP Certification is to complete an FPSC-approved Core Curriculum requirement which consists of four courses. All courses are instructor-led accompanied by a combination of hard-copy study materials, online resources and mandatory testing after each module, which has been designed to provide students with the required financial planning education needed to successfully complete the Financial Planning Standard Council’s (FPSC) examinations leading to CFP certification. In addition, students have access to a number of self-testing exercises, including case studies and review questions while completing.

FP241: Financial Planning Foundations
This course introduces the fundamentals of personal financial planning. Students will be expected to acquire an understanding of the concepts and applications associated with time value of money financial calculations and the analysis of personal financial statements. In addition, the course includes an analysis of government sponsored programs such as Registered Education Savings Plans and Tax Free Savings Accounts. This course concludes with a discussion of the fundamentals of economics and investing as they relate to key areas of financial planning.

FP242: Taxation and Investment Planning
This course begins with an introduction to basic income tax laws, followed by a more advanced study of tax planning in the context of both personal and business situations. Students will gain an in-depth knowledge of various business structures, and evaluate those structures from a legal, tax, and financial planning perspective. Additionally, the course includes a thorough discussion of investment products including investments in stocks, bonds, mutual funds, exchange traded funds, and segregated funds as well as the application of those products in various investment strategies.

FP243: Retirement Income Planning
This course is designed to provide students with a detailed understanding of the principles and applications related to retirement income planning. Students will develop an in-depth knowledge of government benefit programs such as the Canada Pension Plan and Old Age Security, as well as employer-sponsored registered plans such as defined benefit and defined contribution pension plans. Finally, the course provides a comprehensive analysis of Registered Retirement Savings Plans and Registered Retirement Income Funds within the context of retirement planning and establishing retirement goals and objectives.

FP244: Insurance and Estate Planning
This course begins with legal fundamentals and the basics of family law, including the implications of relationship breakdown, support obligations, and title to property. Risk management fundamentals are discussed in the context of life, living benefits, and property and casualty insurance. Students will gain a working knowledge of the advantages, disadvantages, and income tax implications of various insurance products. The course concludes with an estate planning discussion including the use of trusts, wills, powers of attorney, and concepts and principles related to the taxation of a deceased taxpayer.

As of July 1, 2014 the Financial Planning Examination Level 1 (FPE1) will be referred to as the FPSC Level 1 Examination in Financial Planning and the Financial Planning Examination Level 2 (FPE2) will be referred to as the CFP Examiniation.

In general, the steps to Obtain CFP certification are:

  1. Successfully complete and FPSC-approved Core Curriculum education program.
  2. Pass the FPSC Level 1 Examination in Financial Planning TM.
  3. Submit an application to receive FPSC Level 1 Certification in Finanical Planning to FPSC.
  4. Successfully complete an FPSC-approved Capstone Course.
  5. Pass the CFP examination.
  6. Complete three years of qualifying financial planning work experience.
  7. Submit an application CFP certification to FPSC.

For further information about the Pathway to Certification please visit the Financial Planning Standards Council website.

Newnham Campus

Newnham Campus

Programs are at Newnham Campus.
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