April 28, 2017 – Title Restrictions for Financial Planners Announced by Ontario Government

by | Apr 28, 2017 | Industry Updates

In the 2017 budget, the Ontario government committed to restricting the use of the title “financial planner” and other titles that could confuse or mislead consumers, to individuals who are qualified and accountable for their professional conduct. Currently Quebec is the only province in Canada that restricts who can call themselves a “Financial Planner”. The Province of Ontario is working with regulators on enforceable standards. The government will also examine the feasibility of a universal best interest duty for all professionals providing financial advice. This standard ensures the client’s interests come before all others – a standard already adhered to by Certified Financial Planners.

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