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Changes are being made to the CFP Certification Program Requirements. Please visit the FP Canada website for more information.
The CFP® Certification Education Program is designed to help professionals in the financial services industry learn the fundamentals of building a comprehensive financial plan. This program is the first step towards CFP® designation with the FP Canada (formerly Financial Planning Standards Council).
The CFP® Certification Education Program at Ashton College is offered in partnership with Advocis and is an FP Canada-accredited Core Curriculum program.
Applicants must meet the following criteria:
- A minimum of a high school diploma, 19 years or older at the start of the applicant’s program or course; and
- English Language Proficiency Requirements.
For more details, please see our Admissions Policy.
This program is delivered in-class from our Vancouver campus.
- CFP-241: 24 hours of instruction, a total of 8 sessions;
- CFP-242: 30 hours of instruction, a total of 10 sessions;
- CFP-243: 24 hours of instruction, a total of 8 sessions;
- CFP-244: 24 hours of instruction, a total of 8 sessions.
- CFP 242 (Taxation and Investment Planning): October 22, 2019 – January 7, 2020
- Classes will be on Tuesdays from 6:00 pm to 9:00 pm
- CFP 243 (Retirement Income Planning): July 24, 2019 – September 11, 2019
- Classes will be on Wednesdays from 6:00 pm to 9:00 pm
- CFP 244 (Insurance and Estate Planning): July 9, 2019 – August 27, 2019
- Classes will be on Tuesdays from 6:00 pm to 9:00 pm
CFP 241: Financial Planning Foundations
This course introduces the fundamentals of personal financial planning. Students will acquire an understanding of the concepts and applications associated with 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 on the fundamentals of economics and investing as they relate to key areas of financial planning.
- M1: The Financial Services Industry and Planning Fundamentals;
- M2: Financial Statements and Budgeting;
- M3: Government Benefits and Programs;
- M4: Time Value of Money;
- M5: Economics and Investment Fundamentals.
CFP 242: 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 will 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.
- M6: Personal Income Tax Reporting;
- M7: Tax Applications;
- M8: Business and Organizational Structures;
- M9: Investment Products;
- M10: Investment Planning and Analysis.
CFP 243: Retirement Income Planning
This course is designed to provide students with a comprehensive 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.
- M11: Government Retirement Benefit Plans;
- M12: Registered Pension Plans;
- M13: Registered Retirement Savings Plans;
- M14: Retirement Income;
- M15: Retirement Planning.
CFP 244: 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.
- M16: Legal Fundamentals and Family Law;
- M17: Risk Management and Insurance Fundamentals;
- M18: Life Insurance and Living Benefits;
- M19: Estate Planning.
Please note the FP Canada Approved Calculator Policy. The approved calculator models are:
- Casio (FC-200V);
- Hewlett Packard (HP10B / HP10BII / HP10bII+ / HP10BLL (or 11) + financial calculator);
- Sharp (EL-733 A / EL-738-C (packaging notes the model name as EL-738C) / EL-738FC / EL-738S / EL-738F);
- Texas Instruments (TI BAII / TI BAII+ / TI BA II Plus Professional / TI30 XA).
Please visit the FP Canada website for more details about the FP Canada Approved Calculator Policy.
The registration fee for these courses is the following:
- CFP 241: $450* per course;
- CFP 242: $495* per course;
- CFP 243: $450* per course;
- CFP 244: $450* per course.
* Does not include the cost of all required materials and/or textbooks in the registration fee.