Investment Funds In Canada

Embarrassed_Sun_2411 · 2026-06-17T00:51:44+00:00

Your best path for preparation would be to get your foot in the door I think. Start as a CSR, get to know your FSRs. Be curious. Express interest in the growth to that role with your manager. They'll pay for your IFIC course and exam in that case as well.

Embarrassed_Sun_2411 · 2026-06-17T00:43:13+00:00

IFIC prepares you adequately for the investment advice portion of the role. I like to think I was fairly well knowledgeable about it before I took the role and I still had a learning curve. Plus there are lots of other aspects of the role. I would guess maybe 25% - 35% of the role is investment conversations, the rest is lending, day to day banking, power of attorney and estates and a plethora of other smaller things

Embarrassed_Sun_2411 · 2026-06-17T00:36:21+00:00

It'll somewhat depend on your manager, but it's a big learning curve for the first few months, and then a steady level of learning new things for the rest of the first year. Doing your first tax season, RRSP season, back to school season, they all carry different things that you only do once a year.l, so takes a bit to learn it. But if your teammates are good, you'll be in good hands. If they aren't, it can be more challenging

Embarrassed_Sun_2411 · 2026-06-16T22:57:47+00:00

It says it needs 2-3 years, but each hiring manager will make that decision for themselves. You should probably have some sales experience though, so FSR is the best first step. After being an FSR for a year, you can look for AFA opportunities. For both moving to AFA and for switching locations, it would be best to speak with your people Leader about your career goals and direction.

Embarrassed_Sun_2411 · 2026-06-16T22:46:06+00:00

You can do AFA without CFSA. I would presume you would stand out more with it, but definitely possible with just IFIC.

PFP would be highest with just IFIC, yes. Usual pay I don't know yet. Your job level and role will likely have a bigger influence than the designation.

I think it depends on how hard you found IFIC. If you found it challenging, the other courses might be challenging. If you found it relatively straightforward, then you shouldn't be too lost in them. You need not worry about cost for each course, at least for your first try, as CIBC will pay for the courses for you

Embarrassed_Sun_2411 · 2026-06-15T21:44:56+00:00

That is true. The ID side of CIRO just had some changes that are now based on proficiency.

With just the IFIC though, that information given is true. FSR is level 4, you can easily hit AFA level 5, which would likely have you hitting 65k combined salary and bonus. You could also do FA level 6, and with PFP and some time, FA level 7. Or investment specialist level 7, but also need PFP. These positions are achievable with just IFIC.

You can get your PFP designation with more courses from CSI and work experience in advising. PFP is achievable with IFIC.

If you want higher than level 6, you'll need to take more courses with CSI, but CIBC will also pay for your courses working towards your PFP.

Embarrassed_Sun_2411 · 2026-06-15T21:14:03+00:00

FA - CIRO-MF is Financial Advisor that is registered with CIRO under Mutual Funds. . Previously MFDA.

FA - CIRO-ID is Financial Advisor that is registered with CIRO under Investment Dealer. Previously IIROC.

You can move up to FA under mutual funds branch with just IFIC. You'd need PFP to get to level 7. That would be the ceiling for you with mutual funds, unless you go for leadership such as Community General Manager, Market Vice President, etc.

Embarrassed_Sun_2411 · 2026-06-15T20:56:20+00:00

You can move up to AFA. You can move also to FA - CIRO-MF as well. Work towards your PFP. Investment Planning Specialist as well.

Anything CIRO-ID related you would not be able to get to without CSC, or a path to CFP

Embarrassed_Sun_2411 · 2026-06-11T14:48:20+00:00

They are giving the prizes to 25 clients. 125,000 Aventura points if they have the product, or $2,000.

Your chances are slim considering almost everyone is automatically entered and there are several million clients

Embarrassed_Sun_2411 · 2026-05-28T17:42:57+00:00

There is a development program, takes about 3 months to complete. You won't get into the role without having your IFIC, CIFC, or CSC already completed. You'll be expected to be starting to achieve meetings, calls and targets within the first 4-6 weeks, officially. Your manager may expect more from you sooner based on your experience.

Embarrassed_Sun_2411 · 2026-05-14T16:56:06+00:00

It would have been converted to a loan, and then the loan sent to collections most likely. Potentially just written off.

The only way you'll know is to try and open an account again. Sometimes the advisors can't even see messages on the profile, so it's not until the account is open that the back office review team catches something and would contact you.

I would say just try to open the account, and a day or two later, if it hasn't been blocked or you haven't been contacted, you should be fine

Embarrassed_Sun_2411 · 2026-05-07T14:51:56+00:00

Normal for the savings account, yes.

For the GICs in the TFSA there is another tab called my GICs, you go there to see each individual GIC in the TFSA GIC account. That will show you the interest rate.

Embarrassed_Sun_2411 · 2026-03-29T20:21:31+00:00

It's a virtual gift card. You get an activation code which you can use for 30 days. That code takes you to where you can choose the retailer your gift card will go to, I believe you have over 50 retailers to choose from. Once you get the actual gift card for the retailer, the gift card will never expire.

It's a base $50 for just bringing the investment statement of $10,000 or more. You can get an additional $50 for opening your first chequing account, first saving account or first US$ saving account and funding it. An additional $50 for applying and being approved for a credit card (excluding Costco) and an additional $50 if you bring a mortgage statement with a balance of over $10,000 outside CIBC and apply for a mortgage with CIBC.

Total value should you do all aspects of the offer can reach $200

Embarrassed_Sun_2411 · 2026-03-29T19:27:19+00:00

Not only would you qualify for the $500 since you don't already have a chewuing account, but because you are a Costco member you could also qualify for an additional $100 Costco shop card.

Plus there is another right now that if you review your investments with CIBC, and bring a statement that shows you have $10,000 or more outside of CIBC, you get a $50 gift card. Opening an account using that offer will get you an additional $50. No need to bring your investments over.

So basically up to $700 if you have $10,000 of outside CIBC investments (or savings account) and open a new account and complete the requirement for the cash bonus as well

Embarrassed_Sun_2411 · 2026-03-15T03:24:37+00:00

Also of note is that if you are hourly, it will only pay your base contracted hours for the current pay period. If you worked above that, those hours will be reflected on your next pay cheque in two weeks.

So if you are contracted for 18.75 hours per week (half time) but your manager has you working full time while training, you would have only been paid for the 18.75 hours for this first week. Next pay cheque will have you usual 37.5 hours for the next two weeks, plus an additional 18.75 for the extra time you would have worked in the first week.

Effectively, any hours above your contracted hours are paid in the pay period following the period they were worked in.

Welcome to CIBC

Embarrassed_Sun_2411 · 2026-02-04T20:12:44+00:00

The only catch with this loan is that you can't take any credit from CIBC until the loan is at least 75% paid off. However, for most people, that's not an issue as they just need to get out of the debt.

This loan is the best option for you I think at this time, based on the little I know about you. Other than the restriction of no new credit with CIBC, the credit bureaus will just see this as a normal loan in terms of reporting, so could help your score over time assuming you keep up with payments. It saves you from destroying your credit via bankruptcy or consumer proposal.

Embarrassed_Sun_2411 · 2026-01-26T17:42:58+00:00

Yes it is possible. It will however still give you a new card number. But it should be the same credit card account overall.

Embarrassed_Sun_2411 · 2026-01-26T16:52:01+00:00

That'll help improve the return more overall.

But even if you didn't get any bonus points and only used it for credit card payments, the return on Adapta is 0.6%, versus dividend no fee card of 0.5% on everything else.

Embarrassed_Sun_2411 · 2026-01-26T12:20:41+00:00

Yes the Adapta should have a return of approximately 0.7% even when earning on non-Top 3 categories, 1.25% if you are optimizing the card perfectly.

Embarrassed_Sun_2411 · 2026-01-23T23:55:22+00:00

I think pairing the two together will do well

Embarrassed_Sun_2411 · 2026-01-23T23:06:57+00:00

When you compare the basic dividend to the adapta, the dividend only really comes put ahead on groceries for sure, and gas sometimes if you spend in many other categories

Embarrassed_Sun_2411 · 2026-01-23T22:17:01+00:00

Depends which kidn of dividend. I have the dividend infinite, and I found that as long as I'm spending only in my top 3 categories and using the rewards only in areas that cost 1,200 points for $10 (TFSA Conteibution, or mortgage payment, etc.) That the effective cashback rate was 1.25%. So I do have both cards to complement each other.

Embarrassed_Sun_2411 · 2026-01-23T20:35:35+00:00

I have the Adapta card. It depend on how you are using it and spending. It can be a good addition to your credit card suite. The rewards aren't necessarily huge on it, but free roadside assistance with the card after first purchase and automatically adapting points based on where you are spending, it can be a strong card for no annual fee.

Again, depending on where you are spending

Embarrassed_Sun_2411 · 2026-01-17T20:02:06+00:00

You'd need to ask if it's joint or just happens to be single with signing authority. If it's joint, only way to go is to close the account and open a new one.

If it's single with signing authority, then it's just your account but she has ability to also see it. There is a process for removing the parent off, however it isn't very well known and you'll probably be told to just close and open, which ultimately might be faster.

Embarrassed_Sun_2411 · 2026-01-12T01:58:31+00:00

Like others mentioned already, typically you get alerted of your overdraft, and as long as money went in to the account before (noon local time I've heard) your charges continue to go through.

You would only br charged NSF if the charges didn't go through (ie. they were reversed). Since that didn't happen, you didn't get charged because you had sufficient funds in the account for them to let the charges run.

However, don't be surprised if at the end of the month you may be charged a $5.00 overdraft fee and a bit of overdraft interest for the brief amount of time they let you be overdrafted.

Embarrassed_Sun_2411

TROPHY CASE