Financial Planners Standards Council (FPSC) grants the right to use the internationally
recognized CFP certification marks: CFP®, CERTIFIED FINANCIAL PLANNER® and CFP®
flame design to individuals who meet FPSC’s initial certification requirements and the
continuing post-certification requirements.
Since the right to use the CFP mark is a licence, it is necessary to renew annually by
paying a licence fee, update your personal information on the Application for CFP Licence Renewal and fulfill the continuing education and licensing requirements.
Applications for FPSC Licence Renewal will be available at least 45 days prior to the
expiration of the licence.
Licence Period
The one-year licence period is from April 1 to March 31.
Licence Fee
The regular fee includes all applicable taxes. The completed Application for FPSC Licence
Renewal and fee must be received by March 31.
Late Fee
A late fee will be added to the regular fee for completed Application for FPSC Licence
Renewals and payments received between April 1 and May 31.
Licence After Renewal Deadline
If a CFP professional has failed to submit their Application for FPSC Licence Renewal and
payment to FPSC by March 31, their licence will be considered expired and they will have
forfeited the right to use the CFP certification marks effective April 1.
Licence Reinstatement
A reinstatement fee will apply after May 31. Former CFP professionals are permitted to
reinstate within five years of their last FPSC licence expiration date and are subject to
the following reinstatement policies:
The former CFP professional must have continued to adhere to the Code of Ethics and
must:
Complete a reinstatement application;
Pay a separate non-refundable reinstatement fee of $300 plus taxes;
Provide documentation for CE requirements (30 credits per calendar year) for each
year not licensed; and
Pay all back fees of licensing years lapsed, plus current year’s licensing fee.
Former CFP professionals who have previously notified FPSC in writing of their decision not to renew their licence and agreed to cease use of the CFP certification marks may be eligible for a waiver of back fees.
Former CFP professionals who have not reinstated within five years of their last FPSC
licence expiration date are ineligible for licence reinstatement.
Failure to Comply With Licensing Requirements
FPSC may take any action it deems appropriate in accordance with it’s Disciplinary Rules
and Procedures including, but not limited to, publishing the names of CFP® professionals
who have been subject to disciplinary action and the reason for such disciplinary action.
Former CFP Professionals Ineligible for Licence Reinstatement
If the former CFP professional has completed an accredited education program within the
last five years, the individual must still successfully complete the CFP Certification
Examination.
If the former CFP professional has not completed an accredited education program within
the last five years, the individual is required to successfully complete one before writing
the CFP Examination.
Permanent Revocation of CFP Licence
FPSC reserves the right to permanently revoke the right to use the CFP certification marks
of any former CFP professional who has let their licence lapse on more than one occasion.
Fee Reduction A fee reduction request must be applied for annually at time of renewal.
A fee reduction of one-half of the current year's renewal fee must be for a period of no
less than six consecutive months and may only be granted for one of the following reasons:
Parental Leave
A CFP professional may request a fee reduction for the licensing year in which they are on
maternity/parental leave up to a maximum of one year. A copy of their child's birth
certificate, health card or adoption papers must be included with the request.
Medical Leave
FPSC will consider such requests on a case-by-case basis. A medical report substantiating
the length and reason for the leave must be included with the request along with an
attestation that there has or is likely to be a substantial loss in earnings.
CFP professionals who are applying for a fee reduction are not automatically granted a
Continuing Education (CE) exemption. To apply for a CE exemption please download the
CE Exemption Report Form from our website at www.fpsccanada.org. Please contact
the Professional Affairs department for additional information at 416.593.8587 or
1.800.305.9886 or by e-mail at ceconnection@fpsccanada.org.
Bankruptcies
FPSC does not grant, renew or reinstate the FPSC licence to any individual who is
currently in bankruptcy and has not yet been officially discharged. FPSC will reconsider
an application for licence, renewal or reinstatement upon submission of proof of discharge.
Administrative Service Fees
A fee of $25 plus taxes will be charged to cover the administrative costs of cheques
returned by the bank for any reason.
Overpayment of Licensing Fees
Refunds for overpayment of licensing fees will be issued for amounts of $25 or more.
Release of CFP Professional Information
When requested, FPSC will advise as to whether or not an individual is a current CFP®
professional and may also release information on suspension or current disciplinary action
that has been taken against any CFP professional.
The names of suspended CFP professionals may be posted on FPSC's Web site or published
in any way that FPSC deems appropriate.
Change of CFP Professional Information
It is the responsibility of the CFP professional to ensure that their contact information with
FPSC is current. All address changes must be submitted in writing to FPSC or can be made by
using FPSC Online Services located at www.fpsconlineservices-ca.org/login.asp. You will require your Registrant ID and password (which is the date of birth for first time users) in order to login. Once logged into this site, select view/update personal profile.
Name Changes
CFP professionals who wish to register a name change as a result of marriage, divorce or
other personal reasons must supply supporting documentation.
Additional Certificates
There is a fee for those CFP professionals who wish to order an additional wall certificate.
Order form available at: www.cfp-ca.org/pdf/2008_Order_Form.pdf.
Replacement CFP Wallet Cards
There is a fee for those CFP professionals who wish to order a replacement CFP certification
wallet card. Order form available at: www.cfp-ca.org/pdf/2008_Order_Form.pdf.
CFP®, CERTIFIED FINANCIAL PLANNER® and are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. (FPSB). Financial Planners Standards Council is the marks licensing authority for the CFP marks in Canada, through agreement with FPSB.
are certification marks