Canadian Investment Funds Course (CIFC®)

Vancouver (604) 899-0803 / admissions@ashtoncollege.ca Send Inquiry / Apply

The Canadian Investment Funds Course (CIFC) provides students with in-depth knowledge of mutual funds. This course is delivered in partnership with the IFSE Institute.

Students will be taught about the various types of mutual funds, the forms to evaluate performance and client’s objectives. This course focuses on case studies and the real-life issues relating to mutual funds sales and individual compliance. By the end of the course, students will have a solid foundation of what they need to know to be mutual fund dealing representatives.

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Overview Admission Requirements Course Formats and Duration Upcoming Dates Topics Fees

The sequence of instruction mirrors the process normally followed with clients in the real world. Lessons provide multiple and concurrent challenges that require integrating many different skills and putting theoretical knowledge into practice. The result is a more complete picture of how to structure various solutions for diverse client needs.

The successful completion of the CIFC exam meets the proficiency requirement by the provincial securities commissions for mutual fund licensing.

Applicants must meet the following criteria:

  1. A minimum of a high school diploma, 19 years or older at the start of the applicant’s program or course; and
  2. English Language Proficiency Requirements (please see Policy 1002).

For more details, please see our Admissions Policy (Policy 1001).

Format

This course is delivered in-class from our Vancouver campus.

Duration

33 hours.

Vancouver

January 23, 2019 – April 3, 2019

  • Classes are held every Wednesday, 6:00 pm – 9:00 pm (the exam will be held April 17, 2019).

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Unit 1: Regulatory Environment

  • Lesson 1: Regulatory Bodies;
  • Lesson 2: Regulations.

Unit 2: Registrant Responsibilities

  • Lesson 1: Ethics;
  • Lesson 2: Compliance;
  • Lesson 3: Compliance Issues;
  • Lesson 4: Registration Requirements.

Unit 3: Suitability

  • Lesson 1: Strategic Investment Planning (SIP);
  • Lesson 2: Suitability Requirement;
  • Lesson 3: Know Your Client (KYC);
  • Lesson 4: Know Your Product (KYP);
  • Lesson 5: Assessing Suitability.

Unit 4: Economic Factors and Financial Markets

  • Lesson 1: Economic Factors;
  • Lesson 2: Financial Markets;
  • Lesson 3: Canada’s Financial System.

Unit 5: Types of Investments

  • Lesson 1: Building Blocks of Mutual Funds;
  • Lesson 2: Fixed Income Securities;
  • Lesson 3: Bonds;
  • Lesson 4: Equities;
  • Lesson 5: Derivatives.

Unit 6: Types of Mutual Funds

  • Lesson 1: Introduction to Mutual Funds;
  • Lesson 2: Mutual Fund Categories;
  • Lesson 3: Conservative Mutual Funds;
  • Lesson 4: Growth-Oriented Mutual Funds;
  • Lesson 5: Competitive Products.

Unit 7: Portfolio Management

  • Lesson 1: The Portfolio Manager;
  • Lesson 2: Financial Analysis;
  • Lesson 3: Mutual Fund Performance and Risk.

Unit 8: Mutual Funds Administration

  • Lesson 1: Mutual Fund Organization;
  • Lesson 2: Purchasing Mutual Funds;
  • Lesson 3: Redeeming Mutual Funds;
  • Lesson 4: Fee Structure;
  • Lesson 5: Disclosure;
  • Lesson 6: Account Types.

Unit 9: Retirement

  • Lesson 1: Government and Employer Plans;
  • Lesson 2: Registered Retirement Savings Plans (RRSPs);
  • Lesson 3: Withdrawing from RRSPs;
  • Lesson 4: Locked-In Accounts.

Unit 10: Taxation

  • Lesson 1: Canadian Tax System;
  • Lesson 2: Taxation of Investment Income;
  • Lesson 3: Taxation of Mutual Funds.

Unit 11: Making Recommendations

  • Lesson 1: Evaluating the Client;
  • Lesson 2: Selecting Mutual Funds;
  • Lesson 3: Asset Allocation;
  • Lesson 4: Tax-Efficient Strategies.

The registration fee for this course is $378*.

* Does not include the cost of all required materials and/or textbooks in the registration fee.

Students are required to register and make payment to IFSE in order to obtain access to all required materials and/or textbooks, registration details will be emailed to students by Student Services.