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Exam Prep

IFC Prep Course


Description

Preparing to write the Investment Funds in Canada (IFC) exam? This course can help. These series of videos cover the key elements covered in the Investment Funds in Canada Course.

Content
  • Becoming a Mutual Fund Representative
  • What is a Mutual Fund?
  • Evolution of the Mutual Fund Industry
  • Getting Mutual Fund Licensed
  • Providing Excellent Client Service
  • Understanding Your Clients and Products
  • Suitability
  • Know Your Client (KYC)
  • Understanding Risk
  • Know Your Product
  • The Role of the Mutual Fund Sales Representative
  • Canada's Financial Services Industry
  • What is Investment Capital?
  • Sources and Users of Capital
  • Financial Instruments
  • Debt Instruments
  • Equity Instruments
  • Investment Funds
  • Derivatives
  • Financial Intermediaries
  • Deposit Taking Institutions
  • Non-Deposit Taking Institutions
  • Financial Markets
  • Auction and Dealer Markets
  • Clearing Agencies
  • Financial Regulators
  • Self-Regulatory Organizations (SROs)
  • Provincial Securities Regulators
  • Federal Financial Agencies
  • Complaints and Industry Ombudsmen
  • Deposit Insurance and Investor Protection
  • National Registration Database (NRD)
  • Economics
  • What is Economics?
  • Micro and Macro Economics
  • Economic Influencers and Marketplaces
  • Supply and Demand
  • Remembering the Supply Demand Curve
  • Gross Domestic Product (GDP)
  • Real and Nominal GDP
  • GDP Growth Drivers
  • Phases of the Business Cycle
  • Economic Indicators
  • Measuring a Recession
  • Key Labour Market Indicators
  • Types of Unemployment
  • The Role of Interest Rates
  • Nominal and Real Interest Rates
  • The Nature of Money and Inflation
  • Consumer Price Index (CPI)
  • Understanding Inflation
  • The Impact of Inflation
  • Understanding Output Gap
  • Demand-pull and Cost-push Inflation
  • Deflation and Disinflation
  • Monetary Policy
  • Fiscal Policy
  • Current and Capital Accounts
  • Client Communication
  • The Financial Planning Approach
  • 1. Establish the Client-Advisor Relationship
  • 2. Collecting Data and Information
  • Net Worth and Cash Flow Statements
  • 3. Analyze Data and Information
  • Investment Objectives
  • Suitability and Risk Tolerance
  • 4. Recommend Strategies to Meet Client Goals
  • 5. Implement Recommendations
  • 6. Monitoring and Adjusting the Plan
  • The Life-Cycle Hypothesis
  • Life-Cycle Stages
  • Life-Cycle Hypothesis Summary
  • Behavioural Finance
  • Introduction to Behavioural Finance
  • Cognitive Biases
  • Emotional Biases
  • Bias Application
  • Canada's Tax System
  • Income Tax in Canada
  • Calendar and Fiscal Year
  • Four Types of Income
  • Tax Evasion, Avoidance and Planning
  • Total Income Vs. Taxable Income
  • Tax Deduction Vs. Tax Credit
  • Non-Refundable and Refundable Tax Credits
  • Tax Refunds and Taxes Owed
  • Marginal and Average Tax Rates
  • Registered and Non-Registered Accounts
  • How to Calculate Income Tax
  • Interest Income
  • Capital Gains
  • Dividends
  • Comparing All Three Investment Income Types
  • How Foreign Income is Taxes
  • Pensions and Tax Deferral Plans
  • Canada and Quebec Pension Plans
  • Contributing into CPP or QPP
  • Starting CPP QPP
  • Additional CPP QPP Benefits
  • Old Age Security (OAS)
  • OAS Clawback
  • Other OAS Benefits
  • Employer Sponsored Pension Plans
  • Defined Benefit Plans (DBP)
  • Individual Pension Plans (IPP)
  • Defined Contribution Plans (DCP)
  • Deferred Profit Sharing Plans (DPSP) (clone)
  • Pension Adjustments (PA)
  • Past Service Pension Adjustments (PSPA) and Reversals (PAR)
  • Registered Retirement Savings Plans (RRSP)
  • RRSP Contributions
  • RRSP Contributions In-kind
  • Spousal RRSPs
  • RRSP Withdrawals and Termination
  • Home Buyer's Plan (HBP)
  • Lifelong Learning Plan (LLP)
  • RRSP Conclusion
  • Registered Retirement Income Funds (RRIF)
  • RRIF Withdrawals
  • Locked-In Retirement Account (LIRA)
  • Tax-Free Savings Accounts (TFSA)
  • Registered Education Savings Plan (RESP)
  • Canada Education Savings Grants (CESG)
  • Additional CESGs and the Canada Learning Bond (CLB)
  • If a Child Does Not Attend School
  • RESP Concluding Points
  • Registered Disability Savings Plans (RDSP)
Completion rules
  • All units must be completed
  • Leads to a certification with a duration: Forever