IFC — Investment Funds in Canada course

About

In Canada, you cannot sell mutual funds to the public unless you have completed an approved proficiency course. The Investment Funds in Canada course, known as the IFC, is one of those approved courses. It teaches the basics of how mutual funds work, how they are regulated, and how to match them to a client's needs.

The course is now delivered by the Canadian Securities Institute, also called CSI. If you are starting out today, the IFC from CSI is the course to look at. It is a common starting point for people entering personal banking and other client-facing roles where mutual funds are part of the job.

How to get it

1. Confirm the course fits your job
   Check with your employer or the firm you hope to join. They will tell you which approved proficiency course they expect you to complete before you can sell mutual funds.
2. Register with the Canadian Securities Institute
   Sign up for the Investment Funds in Canada course through CSI. You will receive the study materials and details about how to book your exam.
3. Study the course material
   Work through the topics at your own pace. Most people set aside a few months of regular study, fitting it around work or school.
4. Write and pass the exam
   Book your exam once you feel ready. Passing it shows you have met the proficiency standard for selling mutual funds.
5. Start working with clients
   With the course complete and your employer's sponsorship in place, you can begin selling mutual funds. Your employer will guide you through any other registration steps.

The exam

The course ends with a written exam. It tests your understanding of mutual funds, how they are regulated, and how to recommend suitable products to clients. You need to reach the required passing mark to complete the course.

Careers that mention it

Keeping it

The course itself is a one-time qualification, so there is no renewal for the credential. However, people who sell mutual funds are expected to keep their knowledge up to date. Your employer and the regulator may require ongoing training to stay in good standing.