Use this syllabus as your coverage checklist for FP II. Topic weightings and exam structure are from CSI’s official Exam & Credits page; chapter outline follows the official Curriculum page.
What’s covered
Financial Planning Practice (10%)
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Chapter 1 - The Personal Financial Planning Process in Canada
- Explain The Financial Planning Business Today.
- Apply The Financial Planning Business Today concepts to a client scenario to choose an appropriate action.
- Explain Ethics and Financial Advisors.
- Apply Ethics and Financial Advisors concepts to a client scenario to choose an appropriate action.
- Explain Your Responsibility to Your Clients.
- Apply Your Responsibility to Your Clients concepts to a client scenario to choose an appropriate action.
- Explain Identifying Your Client's Goals.
- Apply Identifying Your Client's Goals concepts to a client scenario to choose an appropriate action.
- Explain Determining Your Client's Risk Profile.
- Apply Determining Your Client's Risk Profile concepts to a client scenario to choose an appropriate action.
- Explain The Financial Planning Process.
- Apply The Financial Planning Process concepts to a client scenario to choose an appropriate action.
- Summarize key terminology and decision rules from The Personal Financial Planning Process in Canada.
- Integrate concepts from The Personal Financial Planning Process in Canada to evaluate a client recommendation for constraints and suitability (concept).
Savings Planning & Debt Management (10%)
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Chapter 2 - Net Worth and Cash Management Planning
- Explain Net Worth Planning.
- Apply Net Worth Planning concepts to a client scenario to choose an appropriate action.
- Explain Create a Comprehensive Financial Plan.
- Apply Create a Comprehensive Financial Plan concepts to a client scenario to choose an appropriate action.
- Explain Cash Management Planning.
- Apply Cash Management Planning concepts to a client scenario to choose an appropriate action.
- Explain Savings Planning.
- Apply Savings Planning concepts to a client scenario to choose an appropriate action.
- Summarize key terminology and decision rules from Net Worth and Cash Management Planning.
- Integrate concepts from Net Worth and Cash Management Planning to evaluate a client recommendation for constraints and suitability (concept).
Chapter 3 - Debt Planning
- Explain The Use of Credit.
- Apply The Use of Credit concepts to a client scenario to choose an appropriate action.
- Explain Refinance Debt to Meet Goals.
- Apply Refinance Debt to Meet Goals concepts to a client scenario to choose an appropriate action.
- Explain Understand a Lease-Versus-Buy Situation.
- Apply Understand a Lease-Versus-Buy Situation concepts to a client scenario to choose an appropriate action.
- Explain Borrow to Invest.
- Apply Borrow to Invest concepts to a client scenario to choose an appropriate action.
- Summarize key terminology and decision rules from Debt Planning.
- Integrate concepts from Debt Planning to evaluate a client recommendation for constraints and suitability (concept).
Chapter 4 - Financial Planning and Mortgages
- Explain Legal Considerations of Owning Real Estate.
- Apply Legal Considerations of Owning Real Estate concepts to a client scenario to choose an appropriate action.
- Explain Mortgage Planning.
- Apply Mortgage Planning concepts to a client scenario to choose an appropriate action.
- Summarize key terminology and decision rules from Financial Planning and Mortgages.
- Integrate concepts from Financial Planning and Mortgages to evaluate a client recommendation for constraints and suitability (concept).
- Identify common pitfalls and compliance risks relevant to Financial Planning and Mortgages.
- List the inputs you would gather to analyze a Financial Planning and Mortgages scenario.
Investment and Tax Planning (10%)
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Chapter 5 - Investment Management
- Explain Modern Portfolio Theory.
- Apply Modern Portfolio Theory concepts to a client scenario to choose an appropriate action.
- Explain Helping your Clients Choose the Right Investment.
- Apply Helping your Clients Choose the Right Investment concepts to a client scenario to choose an appropriate action.
- Explain Measuring Portfolio Performance.
- Apply Measuring Portfolio Performance concepts to a client scenario to choose an appropriate action.
- Summarize key terminology and decision rules from Investment Management.
- Integrate concepts from Investment Management to evaluate a client recommendation for constraints and suitability (concept).
Chapter 6 - Tax Planning Strategies
- Explain Tax Planning Strategies.
- Apply Tax Planning Strategies concepts to a client scenario to choose an appropriate action.
- Explain Income Splitting.
- Apply Income Splitting concepts to a client scenario to choose an appropriate action.
- Explain Tax Shelters.
- Apply Tax Shelters concepts to a client scenario to choose an appropriate action.
- Explain Other Tax Planning Strategies.
- Apply Other Tax Planning Strategies concepts to a client scenario to choose an appropriate action.
- Summarize key terminology and decision rules from Tax Planning Strategies.
- Integrate concepts from Tax Planning Strategies to evaluate a client recommendation for constraints and suitability (concept).
Chapter 7 - Tax Planning Using Registered and Trust Accounts
- Explain Tax Planning and Children.
- Apply Tax Planning and Children concepts to a client scenario to choose an appropriate action.
- Explain Tax-Planning Strategies Using Registered Education Savings Plans and Informal In-Trust Accounts.
- Apply Tax-Planning Strategies Using Registered Education Savings Plans and Informal In-Trust Accounts concepts to a client scenario to choose an appropriate action.
- Explain Registered Disability Savings Plan.
- Apply Registered Disability Savings Plan concepts to a client scenario to choose an appropriate action.
- Explain Tax-Free Savings Accounts.
- Apply Tax-Free Savings Accounts concepts to a client scenario to choose an appropriate action.
- Summarize key terminology and decision rules from Tax Planning Using Registered and Trust Accounts.
- Integrate concepts from Tax Planning Using Registered and Trust Accounts to evaluate a client recommendation for constraints and suitability (concept).
Retirement Planning (20%)
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Chapter 8 - Retirement Planning Process
- Explain Retirement Income Needs Analysis.
- Apply Retirement Income Needs Analysis concepts to a client scenario to choose an appropriate action.
- Explain The Impact of OAS on Retirement Plans.
- Apply The Impact of OAS on Retirement Plans concepts to a client scenario to choose an appropriate action.
- Explain The Impact of GIS on Retirement Plans.
- Apply The Impact of GIS on Retirement Plans concepts to a client scenario to choose an appropriate action.
- Explain The Impact of CPP/QPP on Retirement Plans.
- Apply The Impact of CPP/QPP on Retirement Plans concepts to a client scenario to choose an appropriate action.
- Explain The Impact of Registered Pension Plans on Your Retirement Plans.
- Apply The Impact of Registered Pension Plans on Your Retirement Plans concepts to a client scenario to choose an appropriate action.
- Explain Deferred Profit Sharing Plans.
- Apply Deferred Profit Sharing Plans concepts to a client scenario to choose an appropriate action.
- Explain Individual Pension Plans.
- Apply Individual Pension Plans concepts to a client scenario to choose an appropriate action.
- Explain Supplemental Executive Retirement Plans.
- Apply Supplemental Executive Retirement Plans concepts to a client scenario to choose an appropriate action.
- Explain Salary Deferral Arrangements.
- Apply Salary Deferral Arrangements concepts to a client scenario to choose an appropriate action.
- Summarize key terminology and decision rules from Retirement Planning Process.
- Integrate concepts from Retirement Planning Process to evaluate a client recommendation for constraints and suitability (concept).
Chapter 9 - RRSPs and Retirement Income Products
- Explain Planning Your RRSP Contributions.
- Apply Planning Your RRSP Contributions concepts to a client scenario to choose an appropriate action.
- Explain Selecting the Right Investments for Your RRSP.
- Apply Selecting the Right Investments for Your RRSP concepts to a client scenario to choose an appropriate action.
- Explain Locked-In RRSPs and Group RRSPs.
- Apply Locked-In RRSPs and Group RRSPs concepts to a client scenario to choose an appropriate action.
- Explain Registered Retirement Income Funds.
- Apply Registered Retirement Income Funds concepts to a client scenario to choose an appropriate action.
- Explain Life Income Funds.
- Apply Life Income Funds concepts to a client scenario to choose an appropriate action.
- Explain Annuities.
- Apply Annuities concepts to a client scenario to choose an appropriate action.
- Summarize key terminology and decision rules from RRSPs and Retirement Income Products.
- Integrate concepts from RRSPs and Retirement Income Products to evaluate a client recommendation for constraints and suitability (concept).
Insurance Planning (10%)
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Chapter 10 - Life Insurance Products, Features, and Taxation
- Explain Selecting Representatives and Companies for Life Insurance.
- Apply Selecting Representatives and Companies for Life Insurance concepts to a client scenario to choose an appropriate action.
- Explain Conducting a Life Insurance Needs Analysis.
- Apply Conducting a Life Insurance Needs Analysis concepts to a client scenario to choose an appropriate action.
- Explain Business and Personal Applications.
- Apply Business and Personal Applications concepts to a client scenario to choose an appropriate action.
- Explain Tax Treatment of a Life Insurance Policy.
- Apply Tax Treatment of a Life Insurance Policy concepts to a client scenario to choose an appropriate action.
- Explain Calculating Taxes on Life Insurance.
- Apply Calculating Taxes on Life Insurance concepts to a client scenario to choose an appropriate action.
- Summarize key terminology and decision rules from Life Insurance Products, Features, and Taxation.
- Integrate concepts from Life Insurance Products, Features, and Taxation to evaluate a client recommendation for constraints and suitability (concept).
Chapter 11 - Insurance Contracts
- Explain Legal Aspects of the Insurance Contract.
- Apply Legal Aspects of the Insurance Contract concepts to a client scenario to choose an appropriate action.
- Explain Policy Provisions, Riders, and Dividend Options.
- Apply Policy Provisions, Riders, and Dividend Options concepts to a client scenario to choose an appropriate action.
- Summarize key terminology and decision rules from Insurance Contracts.
- Integrate concepts from Insurance Contracts to evaluate a client recommendation for constraints and suitability (concept).
- Identify common pitfalls and compliance risks relevant to Insurance Contracts.
- List the inputs you would gather to analyze a Insurance Contracts scenario.
Chapter 12 - Insurance to Protect Income and Savings
- Explain Disability Insurance.
- Apply Disability Insurance concepts to a client scenario to choose an appropriate action.
- Explain Critical Illness Insurance.
- Apply Critical Illness Insurance concepts to a client scenario to choose an appropriate action.
- Explain Long-term Care Insurance.
- Apply Long-term Care Insurance concepts to a client scenario to choose an appropriate action.
- Explain Provincial Medical Insurance.
- Apply Provincial Medical Insurance concepts to a client scenario to choose an appropriate action.
- Explain Extended Health Insurance.
- Apply Extended Health Insurance concepts to a client scenario to choose an appropriate action.
- Explain Travel Insurance.
- Apply Travel Insurance concepts to a client scenario to choose an appropriate action.
- Explain Group Life and Health Insurance.
- Apply Group Life and Health Insurance concepts to a client scenario to choose an appropriate action.
- Summarize key terminology and decision rules from Insurance to Protect Income and Savings.
- Integrate concepts from Insurance to Protect Income and Savings to evaluate a client recommendation for constraints and suitability (concept).
Chapter 13 - General Insurance
- Explain General Insurance Policies.
- Apply General Insurance Policies concepts to a client scenario to choose an appropriate action.
- Explain Automobile Insurance.
- Apply Automobile Insurance concepts to a client scenario to choose an appropriate action.
- Explain Homeowners Insurance.
- Apply Homeowners Insurance concepts to a client scenario to choose an appropriate action.
- Explain Liability Insurance.
- Apply Liability Insurance concepts to a client scenario to choose an appropriate action.
- Summarize key terminology and decision rules from General Insurance.
- Integrate concepts from General Insurance to evaluate a client recommendation for constraints and suitability (concept).
Financial Planning for Small Business (15%)
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Chapter 14 - Business Law
- Explain Features of Contracts.
- Apply Features of Contracts concepts to a client scenario to choose an appropriate action.
- Explain Types of Contracts.
- Apply Types of Contracts concepts to a client scenario to choose an appropriate action.
- Explain The Termination or Discharge of a Contract.
- Apply The Termination or Discharge of a Contract concepts to a client scenario to choose an appropriate action.
- Explain Agency Relationships.
- Apply Agency Relationships concepts to a client scenario to choose an appropriate action.
- Summarize key terminology and decision rules from Business Law.
- Integrate concepts from Business Law to evaluate a client recommendation for constraints and suitability (concept).
Chapter 15 - Financial planning for Small Business
- Explain Forms of Business Entities.
- Apply Forms of Business Entities concepts to a client scenario to choose an appropriate action.
- Explain Business Valuations.
- Apply Business Valuations concepts to a client scenario to choose an appropriate action.
- Explain Employment Law.
- Apply Employment Law concepts to a client scenario to choose an appropriate action.
- Explain Business Taxation.
- Apply Business Taxation concepts to a client scenario to choose an appropriate action.
- Explain Death of the Business owner-Estate Freezes.
- Apply Death of the Business owner-Estate Freezes concepts to a client scenario to choose an appropriate action.
- Summarize key terminology and decision rules from Financial planning for Small Business.
- Integrate concepts from Financial planning for Small Business to evaluate a client recommendation for constraints and suitability (concept).
Family Law (15%)
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Chapter 16 - Family Law
- Explain Fundamental Aspects of Family Law.
- Apply Fundamental Aspects of Family Law concepts to a client scenario to choose an appropriate action.
- Explain Financial Issues in Family Law.
- Apply Financial Issues in Family Law concepts to a client scenario to choose an appropriate action.
- Explain Property Issues on Relationship Breakdown.
- Apply Property Issues on Relationship Breakdown concepts to a client scenario to choose an appropriate action.
- Explain Domestic Contracts.
- Apply Domestic Contracts concepts to a client scenario to choose an appropriate action.
- Explain Impact of Divorce on a Client's Financial Plan.
- Apply Impact of Divorce on a Client's Financial Plan concepts to a client scenario to choose an appropriate action.
- Summarize key terminology and decision rules from Family Law.
- Integrate concepts from Family Law to evaluate a client recommendation for constraints and suitability (concept).
Estate Planning (10%)
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Chapter 17 - Trusts and Powers of Attorney
- Explain Setting Up a Trust.
- Apply Setting Up a Trust concepts to a client scenario to choose an appropriate action.
- Explain Taxation of Trusts.
- Apply Taxation of Trusts concepts to a client scenario to choose an appropriate action.
- Explain Power of Attorney.
- Apply Power of Attorney concepts to a client scenario to choose an appropriate action.
- Explain Power of Attorney for Property.
- Apply Power of Attorney for Property concepts to a client scenario to choose an appropriate action.
- Explain Power of Attorney for Personal Care.
- Apply Power of Attorney for Personal Care concepts to a client scenario to choose an appropriate action.
- Explain Risks and Considerations with Powers of Attorney.
- Apply Risks and Considerations with Powers of Attorney concepts to a client scenario to choose an appropriate action.
- Summarize key terminology and decision rules from Trusts and Powers of Attorney.
- Integrate concepts from Trusts and Powers of Attorney to evaluate a client recommendation for constraints and suitability (concept).
Chapter 18 - Passing on the Estate
- Explain Preparing a Will.
- Apply Preparing a Will concepts to a client scenario to choose an appropriate action.
- Explain Probating a Will.
- Apply Probating a Will concepts to a client scenario to choose an appropriate action.
- Explain Reducing the Impact of Probate.
- Apply Reducing the Impact of Probate concepts to a client scenario to choose an appropriate action.
- Explain Minimizing or Deferring Taxes Right before Death.
- Apply Minimizing or Deferring Taxes Right before Death concepts to a client scenario to choose an appropriate action.
- Explain Minimizing or Deferring Taxes Upon Death.
- Apply Minimizing or Deferring Taxes Upon Death concepts to a client scenario to choose an appropriate action.
- Summarize key terminology and decision rules from Passing on the Estate.
- Integrate concepts from Passing on the Estate to evaluate a client recommendation for constraints and suitability (concept).
Tip: Most FP II questions reward a “planner’s order of operations”: confirm goal → confirm constraints → identify missing facts → choose the right tool → justify the trade-off.
Sources: https://www.csi.ca/en/learning/courses/fp2/curriculum and https://www.csi.ca/en/learning/courses/fp2/exam-credits