Renew Chartered Financial Planner® Designation
Holders of the Chartered Financial Planner credential must apply to renew their certification on an annual basis. Certification renewal is subject to review and approval by CIFP.
The certification term is based on the calendar year: from January 1st to December 31st. It is important for credential holders to renew their certification by the December 30th deadline each year. Failure to do so will result in the status of the credential holder being amended on CIFP's public registry from 'Good Standing' to 'Lapsed'. In addition, for as long as a credential holder's status is 'Lapsed', he or she will lose the right to hold themselves out as a Chartered Financial Planner professional and to use the applicable certification marks. In certain jurisdictions, it also means the individual will not be able to use the title 'Financial Planner' in accordance with title protection legislation.
Applying to Renew Chartered Financial Planner Certification
To apply to renew your Chartered Financial Planner certification, credential holders must satisfy educational and non-educational components on an annual basis:
Educational Components
Annual educational requirements to maintain certification as a Chartered Financial Planner professional include:
- completing a minimum of 25 hours of qualifying, verifiable continuing education activities approved by CIFP—two hours must relate to ethics and professional responsibility
Refer to the Chartered Financial Planner Designation Continuing Education Guidelines for details.
Non-Educational Components
Annual non-educational requirements to maintain certification as a Chartered Financial Planner professional include:
- completing and submitting the Chartered Financial Planner Certification Renewal Application (Create Link) to CIFP (subject to review and approval by CIFP)
- providing appropriate answers to the self-declaration questions contained within the Chartered Financial Planner Certification Renewal Application (Create Link)
- attesting to abide by the terms and conditions of the Chartered Financial Planner Certification Marks License Agreement (Create Link)
- attesting to abide by the Code of Conduct (Create Link) for Chartered Financial Planner credential holders
- attesting to abide by the Practice Standards (Create Link) for Chartered Financial Planner credential holders
- paying the applicable certification renewal fee
Chartered Financial Planner Certification Renewal Fee
For 2024, the Chartered Financial Planner certification renewal fee is $249.00 + provincial regulation fee (if applicable)* + GST/HST
For assistance with your certification renewal, please call CIFP at: 1-866-635-5526
*In Ontario, the Financial Services Regulatory Authority of Ontario (FSRA) levies an annual fee based on the total number of individuals holding an FSRA-approved credential (which enables the credential holder to use the 'Financial Planner' or 'Financial Advisor' title). FSRA charges this mandatory fee directly to each approved credentialing body (e.g. CIFP). Strictly on a cost recovery basis, CIFP, in turn, flows this FSRA- initiated regulatory fee to each individual who holds an approved credential (i.e. the Chartered Financial Planner designation).