CFP Exam (Canada) case studies
CFP Exam (Canada) · Put your knowledge to work in context.
The Certified Financial Planner (CFP) designation in Canada is administered by FP Canada, the body dedicated to championing better financial wellness for all Canadians by leading the advancement of professional financial planning in Canada. The CFP certification is designed for individuals pursuing a career as a professional financial planner, and is one of two certifications offered by FP Canada, alongside the QAFP certification. The FP Canada Institute offers end-to-end education towards CFP certification. The exam assesses competence across financial planning foundations and professional conduct, financial management, investment planning, tax planning, retirement planning, risk management and insurance, and estate planning. The CFP Exam (Canada) case studies are 5 cases and about 3,400 words.
1Referral Fees, a Leveraged MIC, and a Joint-Client Secret
Maya is a CFP professional at an independent firm. Her compensation is a 3,500 planning fee plus trailing commissions on products she places.
673 words, about 3 min2Variable Income, High-Interest Debt, and No Disability Coverage
Tessa, 41, is a self-employed graphic designer whose net income ranges from 110,000 to 160,000. Her spouse Marc, 43, earns 92,000 as a teacher.
634 words, about 3 min3Salary or Dividends for an Incorporated Physician
Patel, 52, is an Ontario physician incorporated as a professional corporation. The corporation has 800,000 in retained earnings invested in a balanced portfolio and no debt.
719 words, about 4 min4Disability Gap and Buy-Sell Funding for an Owner-Manager
Jonas, 45, owns 100% of a successful HVAC company with 18 employees. His personal income is 240,000; the company has 1.1 million in cash and a 500,000 operating line.
665 words, about 3 min5Blended Family, Joint Ownership, and the Cottage
Lena, 62, is remarried to Sam, 65. Lena has two adult children from her first marriage, ages 34 and 31; Sam has one adult child, 29.
709 words, about 4 min