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Investment Funds in Canada (IFC) Course Information

Get your mutual fund sales license through the most popular investment funds course available. Investment Funds in Canada (IFC) course will give you the certification you need to start giving advice and to start helping your clients make smart investment decisions based on their needs.

Earn Your Mutual Fund Dealer – Dealing Representative License
Meet regulatory requirements to register for a license to sell mutual funds
Start Building Your Book of Business
Gain the knowledge to give advice and start building your career as a mutual funds sales representative

Take a Peek Inside the IFC!

With our free interactive demo you can experience the IFC course for free before you enrol! Login to the demo now. username/password: ifcdemo

Who Should Enrol in the IFC Course?

Enrol in the IFC if you're:

  • Seeking your license to sell mutual funds
  • A financial services professional seeking to grow your knowledgebase
  • Want a broader understanding of capital markets

Course leads to the following credentials:


Everything You Need To Succeed

The IFC prepares you to advise clients about their mutual funds investments based on their objectives, timeline and risk tolerance. It also explains a mutual fund representative's legal, ethical and professional responsibilities.

What will you Learn About?

  • The financial markets and mutual fund industry
  • Your role as a mutual fund sales representative
  • The importance of the "Know your client" rule and how to apply it
  • Analyzing the risk-return relationship of investments
  • Explain the process of creating and managing investment portfolios that meets client's needs
  • The different types of mutual funds
  • The function of exchanges and clearinghouses
  • Assessing mutual funds performance and fee structure
Approximate Hours of Study**
Hours of Study 90 - 140 hours

** In order to provide some guidance to course participants as to the length of time it will take to be sufficiently prepared to write the final examination, CSI has prepared this estimate of the number of hours an average participant could possibly expect to spend studying for a course. Please note that these are only recommended hours of study developed based on research and our course content, however, this does not mean that some students with exceptional backgrounds would not take less time than recommended or that students with no background at all in finance or economics would not take longer than the maximum.

(weightings are approximate)
Introduction to the Mutual Funds Marketplace 13%
The Know Your Client Communication Process 19%
Understanding Investment Products and Portfolios 18%
The Modern Mutual Fund 5%
Analysis of Mutual Funds 10%
Understanding Alternative Managed Products 3%
Evaluating and Selecting Mutual Funds 16%
Ethics, Compliance, and Mutual Fund Regulation 16%
Exams 1
Exam Format Proctored (remote or in person at a test centre)
Exam Duration 3 Hours
Question Format Multiple Choice
Questions Per Exam 100
Attempts Allowed Per Exam 3*
Passing Grade 60%
Assignments None
Enrolment Period 1 year

On successful completion of this course you will be able to download a Notice of Course Completion available through your student profile. This will remain on your profile as formal confirmation of course completion.

CSI will mail you a wall certificate within 4 - 6 weeks of course completion. Frames to display your certificate are available. Please ensure that your First and Last Name on your profile match your First and Last Name on your Government Issued Photo identification - this will ensure you receive an accurate certificate.

CSI will be pleased to issue an Honors Certificate to all student who obtain a final course mark of 85% or higher.

* The first attempt is included in the course enrolment fee. Further attempts incur fees.

†Please note: Access to your online materials will close 2 weeks after successful course completion or course expiry (whichever comes first). This course can be extended by 1 year provided you have not exceeded the attempts allowed  for each exam. You can view CSI extension fees here . Your enrolment period can only be extended one time.

Continuing Education (CE) Credits

Click the links below to access CE accreditation information. To search for specific course information, press Ctrl + F and then enter the course name to search the document for the information you are interested in.

National/Provincial (Excluding Quebec)
Download CE Chart (PDF, 163 kb)

Quebec (IQPF/CSF)
Download IQPF/CSF Chart (PDF, 182 kb)

Please note: While CSI makes every effort to ensure that the information is up-to-date, we are unfortunately unable to fully guarantee its accuracy. The information listed in the charts above may be subject to change.

More detailed information on CE Credits are available.