CE Requirements

In Canada, there are various organizations which require continuing education (CE) credits. This page is split into three sections: 

    It is possible for an individual to require CE credits from multiple organizations. If you face this situation, please use the filtering tool located on our Courses page. 

    Note: the information provided below is for informational purposes only. To obtain the official requirements, each organization should be contacted directly. In each case, we cite the “Source” for our information and provide a link. Should a link be broken, please advise us by using our Contact Us page. 

    For Designation Holders

    QAFP Designation – Qualified Associate Financial Planner

    Each calendar year, QAFP Professionals are required to complete 12 hours of verifiable credits. Of these 12 credits, 1 credit must be in the Professional Responsibility category, and 7 credits must be in the Financial Planning category. 

    A maximum of 5 credits (in total) may be obtained from the following categories: Practice Management, Product Knowledge, and Giving Back. 

    The QAFP designation is offered by FP Canada. 

    Source: https://www.fpcanada.ca/planners/continuing-education 

    To verify the accreditation of our courses, please click here and type “monkey” into the search field. 

    CFP Designation – Certified Financial Planner 

    Each calendar year, CFP Professionals are required to complete 25 hours of verifiable credits. Of these 25 credits, 2 credits must be in the Professional Responsibility category, and 10 credits must be in the Financial Planning category. 

    A maximum of 5 credits may be obtained in the Practice Management category. 

    A maximum of 5 credits may be obtained in the Product Knowledge category. 

    For 2020, there is no maximum for the Giving Back category. 

    The CFP designation is offered by FP Canada. 

    Source: https://www.fpcanada.ca/planners/continuing-education 

    To verify the accreditation of our courses, please click here and type monkey into the search field. 

    CLU Designation – Chartered Life Underwriter 

    Each calendar year, CLU holders are required to complete 30 CE credits. Of these 30 credits, 15 credits must be accredited by The Institute, and 1 credit must be from a recognized ethics program. 

    Source: https://iafe.ca/designation/clu/clu-requirements/ 

    To verify the accreditation of our courses, please click here and select Monkey Credits Inc. in the dropdown bar. 

    CHS Designation – Certified Health Insurance Specialist 

    Each calendar year, CHS holders are required to complete 10 CE credits which relate to insurance. Beginning in 2021, CHS holders will be required to complete 1 ethics related credit from a recognized ethics program. 

    Should an individual hold both the CLU and CHS designations, then he/she must complete the CE requirements for the CLU designation (which will also satisfy the CHS requirements). 

    Source: https://iafe.ca/designation/chs/chs-requirements/ 

    To verify the accreditation of our courses, please click here and select Monkey Credits Inc. in the dropdown bar. 

    PFA Designation – Professional Financial Advisor 

    Each calendar year, PFA designation holders are required to complete 20 CE credits. Of these 20 credits, 10 credits must be accredited by The Institute, and 1 must credit must be from a recognized ethics program.

    Source: https://iafe.ca/designation/pfa/

    To verify the accreditation of our courses, please click here and select Monkey Credits Inc. in the dropdown bar. 

    PFP Designation – Personal Financial Planner 

    Each calendar year, PFP designation holders are required to complete a total of 20 hours of CE Credits. Of these 20 hours, 15 hours must relate to professional development, and 5 hours must relate to ethics and compliance. 

    As courses cannot be specifically approved/accredited for PFP designation holders, we recommend consulting the courses and hours posted on the CECAP website. CE content must fall within the competencies in the PFP Professional Competency Profile. 

    The PFP designation is offered by Canadian Securities Institute (CSI). 

    Source: https://www.csi.ca/student/en_ca/pfp/maintaining-designation.xhtml 

    CIM Designation – Chartered Investment Manager 

    The CE cycle (and requirements) for CIM designation holders are the same as the CE cycle (and requirements) for IIROC registrants (which is explained in the next section). As courses cannot be specifically approved/accredited for CIM designation holders, we recommend consulting the courses and hours posted on the CECAP website. 

    For CIM holders, the content of CE courses should also fall within the CIM Professional Competency Profile. 

    The CIM designation is offered by Canadian Securities Institute (CSI). 

    Source: https://www.csi.ca/student/en_ca/cim/maintaining-designation.xhtml 

    CSI has also published a document entitled “Course Guidelines for Continuing Education (CE) Activities” which provides additional details for CIM designation holders. 

    For Investment Licensees

    IIROC – Investment Industry Regulatory Organization of Canada 

    Accreditation for IIROC is conducted via the Continuing Education Course Accreditation Process – CECAP. 

    IIROC registrants are required to complete 30 credits biannually (every 2nd year). These are comprised of 20 credits relating to Professional Development (PD) and 10 credits relating to compliance. 

    The current 2-year cycle ends on December 31st, 2021. 

    Source: https://www.iiroc.ca/industry/continuingeducationmember/Pages/default.aspx 

    To verify the accreditation of our courses, please click here for PD and here for compliance. 

    MFDA – The Mutual Fund Dealers Association of Canada 

    As of 2020, the MFDA is working to introduce CE requirements to its licensees. When more information becomes available, we will update this page. 

    For more information, please visit mfda.ca

    For Insurance Licensees

    There are no continuing education requirements for insurance licensees in Canada’s three territories. The provinces are listed alphabetically. 

    Alberta 

    In the province of Alberta, Life and Accident & Sickness licensees must complete 15 hours of CE credits each year. In Alberta, the CE term begins on July 1st and ends on June 30th each year. 

    Source: https://www.abcouncil.ab.ca/ongoing-education-requirements/ 

    To verify the accreditation of our courses, please click here and enter monkey in the search field. 

    British Columbia 

    In the province of British Columbia, Life and Accident & Sickness licensees are required to complete up to 15 hours of CE credits each year. In British Columbia, this period begins on June 1st, and ends on May 31st. 

    As licensees may receive a reduction in CE requirements depending on the number of years they have been licensed to provide insurance, and/or due to the maintenance of an approved designation, we recommend consulting the source below for additional information. 

    Source: https://www.insurancecouncilofbc.com/licensee-resources/continuing-education/ 

    As courses cannot be specifically approved/accredited for British Columbia licensees, we recommend consulting the courses and hours posted on the website of Advocis (The Institute) so as long as the content is specific to the insurance license held by the licensee. This link can be found under the CLU Designation section (higher up on this page). 

    Manitoba 

    In the province of Manitoba, Life and/or Accident & Sickness licensees are required to complete 15 hours of CE credits. In Manitoba, the CE term begins on June 1st and ends on May 31st each year. 

    Source: https://www.icm.mb.ca/continuing-education-ce-information38?id=67 

    At the present time, Monkey Credits does not provide CE courses which are recognized in the province of Manitoba. 

    New Brunswick 

    There are no continuing education requirements for those who are licensed to provide insurance in the province of New Brunswick. 

    Newfoundland & Labrador 

    There are no continuing education requirements for those who are licensed to provide insurance in the province of Newfoundland & Labrador. 

    Nova Scotia 

    There are no continuing education requirements for those who are licensed to provide insurance in the province of Nova Scotia. 

    Ontario 

    In the province of Ontario, Life insurance licensees are required to complete 30 hours of CE credits biennially (every 2 years) from the date he/she became licensed. This means the due date is different for every licensee. 

    As courses cannot be specifically approved/accredited for Ontario life insurance licensees, we recommend consulting the courses and hours posted on the website of Advocis (The Institute). This link can be found under the CLU Designation section (higher up on this page). 

    Source: http://www.fsco.gov.on.ca/en/insurance/lifehealthbulletins/Archives/Pages/lh-02_96.aspx 

    Prince Edward Island 

    There are no continuing education requirements for those who are licensed to provide insurance in the province of Prince Edward Island. 

    Quebec 

    There are multiple requirements (categories) in the province of Quebec which include insurance, securities, and the Pl. Fin. Designation. – both regarding insurance and securities. 

    Source: https://www.chambresf.com/en/education/professional-development-requirements 

    Source: https://www.iqpf.org/en/professional-development/requirements-and-regulations 

    Saskatchewan 

    In the province of Saskatchewan, Life insurance licensees, and Accident & Sickness licensees are required to complete 15 hours of CE credits during each reporting period. A reporting period is for a period of one year and ends the last day of the month in which a licensee obtained their license. 

    For courses related to financial planning (including securities and mutual funds), a maximum of 5 credits is permitted. A minimum of 10 credits must relate directly to life and/or accident & sickness coverage. 

    Source: https://www.skcouncil.sk.ca/download files/Life Continuing Education (Effective Jan 1, 2015).pdf

    Within 3 years of becoming licensed, and every 5 years following (the initial 3-year period), licensees are required to complete 3 hours which relate to ethics. 

    Source: https://www.skcouncil.sk.ca/life_ethics.htm 

    To verify the accreditation of our courses, please click here and scroll to the section which lists Monkey Credits.