Canadian Investment Funds Course

The CIFC is unlike any in the industry. The sequence of instruction mirrors the typical process used with clients in the real world. A challenging case study and practice exam enable students to put knowledge into practice. Successfully completing the CIFC Exam meets the proficiency requirement by the provincial securities commissions for mutual fund licensing.

Tools and Pricing


Course Price $375
Web Trainer for CIFCTM $40
Printed Textbook $70
SeeWhy Learning Review and Practice $99
Study Guide $70
Click here!Free Study Guide when you purchase all the above items

IFIC Members

Course Price $275
Web Trainer for CIFCTM $40
Printed Textbook $70
SeeWhy Learning Review and Practice $99
Study Guide $70
Click here!Don’t know if your firm is a member of IFIC?

Questions? Contact

Additional Tools

Participate in six 2-hour modules with a qualified IFSE instructor from the comfort of your own home or office – wherever there’s an internet connection. You will be able to interact with the instructor to get the answers you need to pass the CIFC exam. Make sure you review all the course material before the webinar starts and be prepared to participate!

Webinar session price
(for 6 x 2-hour modules)

Note: registration in the CIFC Course is required for participation.

Click here!Webinar dates and registration form

Course Information

Delivery Online
Language English
Suggested study time 60 to 90 hours
Enrolment period 1 year
Practice exam Yes, 100 questions
Format Paper
Time permitted 180 minutes
Number of questions 100
Question format Multiple choice
Passing grade 60%
Attempts allowed 3
Note: Your first exam attempt (exceptions may apply) is included in the price of the course enrolment. Additional fees apply for subsequent exam attempts.

  • Anyone wishing to become a mutual fund dealing representative, or learn about mutual funds
  • Compliance professionals
  • Branch managers and administrators
  • Partners, directors, and officers
  • Advisors and assistants
  • Operations and back office staff
  • Investment professionals looking to provide advice on mutual funds
  • Regulatory environment
  • Registrant Responsibilities
  • Suitability
  • Economic factors and financial markets
  • Types of investments
  • Types of mutual funds
  • Portfolio management
  • Mutual funds administration
  • Retirement
  • Taxation
  • Making recommendations


If you have never taken a course with the IFSE Institute, please follow the steps below. If you have taken an IFSE course before, please log into your existing account with your username and password, click on ENROL IN A COURSE and begin at Step #4.

  1. From the homepage ( click on the button "LOGIN/REGISTER".
  2. Then click "Become a Student".
  3. Supply all mandatory fields (indicated by a * next to the field) and click "Next" to proceed.
  4. If you have been given a contract code and password by your organization, enter it where required and click "Yes". If you do not have a contract code, click "No".
  5. Select the course name that you want to enrol in.
  6. Enter the quantity of any optional products that you wish to purchase and click “Next”.  If you do not wish to purchase any optional products click “Next”
  7. Complete your profile information as indicated on the screen. Take care in completing your mailing and shipping address to ensure that any materials that you have ordered will be delivered promptly and correctly. Click the  "Save" button to proceed to the shopping cart.
  8. Verify your shopping cart information and click on "Process Payment".
  9. Review the Terms and Conditions completely.
  10. To accept the Terms and Conditions, check the box and click "Yes". If you do not want to accept the Terms and Conditions, click "No". Your course enrolment will be cancelled.
  11. Provide your credit card information and click on "Pay Now". Please do not touch the screen until your payment has been processed. A copy of the receipt will appear and can be printed for your records. The receipt will also be stored in your student record for future reference.

Yes, you may request a course extension of 3 months. You are entitled to one course extension per enrolment. Course extensions for Investment Banking and Exempt Market Programs are subject to an $85 (plus tax) fee. Course extensions for Insurance programs are subject to a $70 (plus tax) fee. A course extension must be purchased at least 15 calendar days prior to (and not including) the course expiration date. Note: Continuing Education (CE) courses are not eligible for course extensions.

All content-related inquiries may be sent to Please be sure to include the following information so we may better assist you:

  • Student name
  • Student number
  • Course you're enrolled in
  • Exact location of question in the course (unit, lesson, page title)
  • Your question

You will receive an email from IFSE when your exam results are available.

Exam results for paper-based and computer-based exams are available online within 3 to 5 business days following the exam to students with no outstanding fees.

Exam results for online exams are available immediately upon submission.

You can access your exam results by logging into your IFSE account at Once you have logged in:

  • Select: "Courses".
  • Select: "Show me my Marks for this Course" (this link only appears when your exam has been graded).

You will be entitled to a partial refund of your course enrolment fees if you cancel your web-based course within 15 calendar days of enrolling (including the registration date) or your paper-based course within 30 calendar days of enrolling (including the registration date).

IFSE charges a $75 (plus tax) administration fee on all eligible course cancellations.

You are not eligible for a refund if you have completed an examination attempt.

Note: The Life License Insurance Qualification Course (LLQP) and all Continuing Education (CE) courses are not eligible for refunds.

Other Relevant Courses

You may be interested in these other IFSE courses.

Life License Qualification Program (LLQP)Exempt Market Proficiency Course (EMP)Branch Managers’ Examination Course (BM)90 Day Training Program for Mutual Fund Dealing RepsCanadian Investment Funds Operations Course (CIFOC)Exchange-Traded Funds CourseOfficers’, Partners’, and Directors’ Course (OPD)Client Relationship Model Phase 2 (CRM2)Tax-Efficient Investing