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University education in administration, economics, law or actuarial science + two years of experience

You qualify for Category III academic equivalency if you have a university education and 2 years of experience (within the last 5 years) in at least one of the 7 personal financial planning areas, in Canada.

To qualify you need:

  • A bachelor's or master's degree in administration, economics, law or actuarial science or in another related discipline recognized by the IQPF

or

  • 3 certificates in one or more of these disciplines (administration, economics, law or actuarial science) comprised of at least 450 course-hours at the university level, with at least 25 different courses taken as part of the program

If you meet these requirements, to become a financial planner, you have to pass the IQPF equivalency exam. This exam is given at a date agreed by the IQPF and the applicant. It is made up of multiple-choice questions divided up between the financial planning areas. To pass the exam, you must achieve a grade of at least 70% in each area. The price of the exam is $1,000 plus tax (prices may change without notice).

If you do not achieve a passing grade in every tested area, you will have to complete the IQPF Executive Program or a university course for each area you failed before you can go any further.

Once you have completed this step, you will have to take the IQPF Professional Training Course and pass the IQPF exam (4 hours).

Finally, to be able to use the financial planner title, you will have to obtain a representative’s certificate from the Autorité des marchés financiers.

Download the academic equivalency application form.