CE Credit Checklist - Do You Have Enough For 2022?

Have you met your continuing education ("CE") requirements for 2022? Take a look at what you need for some of the commonly-held designations.

Disclaimer: it is the responsibility of the licensee/designation holder to verify their continuing education requirements and ensure they are compliant.

Certified Financial Planner ("CFP") Requirements

Total Hours of Verifiable CE Credits: 25

Credit Breakdown Required
Professional Responsibility: 2 (minimum)
Financial Planning: 10 (minimum)
Practice Management: 5 (maximum)
Product Knowledge: 5 (maximum)
Giving Back: 5 (maximum)

Qualified Associate Financial Planner ("QAFP") Requirements

Total Hours of Verifiable CE Credits: 12

Credit Breakdown Required
Professional Responsibility: 1 (minimum)
Financial Planning: 7 (minimum)
Practice Management, Product Knowledge, Giving Back: 5 (maximum)

Chartered Life Underwriter ("CLU") Requirements

Total CE Credits: 30

Credit Breakdown Required
Recognized Ethics Program: 2 (minimum)
Accredited from The Institute: 15 (minimum)
Professional Development: 15 (maximum)

Professional Financial Advisor ("PFA") Requirements

Total CE Credits: 20

Credit Breakdown Required
Recognized Ethics Program: 1 (minimum)
Accredited from The Institute: 10 (minimum)
Approved by The Institute: 10 (maximum)

Personal Financial Planner ("PFP") Requirements

Total CE Credits: 20

Credit Breakdown Required
Professional Development: 15
Ethics & Compliance: 5

Certified Health Insurance Specialist ("CHS") Requirements

Total CE Credits: 10

Credit Breakdown Required
Recognized Ethics Program: 1

Should an individual hold both the CLU and CHS designations, then they must complete the CE requirements for the CLU designation, which will satisfy the CHS requirements.

Insurance Council of BC - Life and Accident & Sickness Licensees

Total CE Credits: 15
Reporting period runs from June 1 to May 31

Elder Planning Counselor ("EPC") Requirements

Annual CE Credits required for renewal: 30

Certified Executor Advisor ("CEA") Requirements

Annual CE Credits required: 15

CE requirements commence in the 2nd year of CEA membership

The Mutual Fund Dealers Association of Canada ("MFDA") Requirements

The current cycle begins on December 1st, 2021 and ends on November 30th, 2023. Each cycle, participants must complete a total of 30 credits which include 20 Professional Development Credits, 8 Business Conduct Credits, and 2 MFDA Compliance Credits. 

The 2 MFDA Compliance Credits are offered directly by the MFDA only.

Chartered Investment Manager ("CIM") Requirements

CE is to be completed based upon a 2-year cycle (currently beginning January 1, 2022 and ending December 31, 2023). CIM® holders are required to complete 20 hours in professional development and 10 hours in compliance during this cycle.