Enhancing the professionalism of financial advisors in the best interests of the consumer

Course Code 232


Course 232 – Contemporary Practices in Financial Planning

Format: Self Study
CE Credits: 30
Pre-requisite: Course 231
Study Hours: 47 hours
Member: $450.00*
Non-Member: $570.00*
* plus shipping and applicable taxes

This course introduces students to basic income tax laws and gradually progresses into a more advanced understanding of tax laws as it relates to areas of financial planning. The professional and ethical responsibilities associated with the role of a financial planner and an understanding of the structures and services within the financial industry are reviewed. Different forms of business structures are explored in-depth, along with an understanding of trusts.

Module 5: Taxation – Level I, Canadian personal taxation
Module 6: Taxation – Level II, Applications related to an individual’s personal income tax affairs
Module 7: Professional Standards & Financial Industry
Module 8: Organizational Structures

Target Audience:
Financial Advisors

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Learning Objectives:

  • To identify, analyze, interpret and evaluate tax situations using in-depth knowledge of income tax terminology and general tax concepts including types of income and deductions, non-refundable tax credits and clawback provisions.
  • To understand, explain and apply extensive applications relative to the concept of capital gains including types of property, adjusted cost base, deemed dispositions, recapture of CCA and terminal loss rules;
  • To identify, explain and apply an in-depth knowledge of different forms of organizations including a sole proprietorship, partnership and corporation.

Delivery Methods:


Contemporary Practices in Financial Planning is designed as a self-study course with success highly dependent on the student's personal discipline. To increase study effectiveness, students should set up a study schedule. To maximize learning, students are encouraged to take full advantage of all the end of module self-test questions as well as the exercises, problems and case studies offered throughout the course.

After each module test students are provided with feedback information on incorrect answers to assist them in becoming adept in understanding and applying the content within their financial services practice.

Instructor led:

Advocis and CCH have partnered with a number of post secondary institutions to offer this course in a classroom setting. Please click here for additional information on how to register for this program through one of our education partners.

Registration Includes:

  • Printed Study Guide
  • Self-test questions, practice exercises and case studies
  • Access to help for course related questions – online and fax
  • Access to the Advocis Learning Centre
  • 120-day window for completion
  • First exam attempt

Additional Materials:


Completion Requirements:

Passing mark is 60% overall.

Online evaluation:

  • Completion of a mandatory assignment
  • Completion of 4 online module tests (40% of overall mark)
  • Final online exam (60% of overall mark)

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