Definitions for Applications



Bankruptcy means having declared bankruptcy, or been petitioned into bankruptcy, made an assignment, proposal or plan (including any Notice of Intention thereof) under any bankruptcy or insolvency legislation, been subject to or instituted any proceedings, arrangement or compromise with creditors, or had a receiver and/or receiver-manager appointed).



Business means any business over which the Certificant has (or had at the time of the bankruptcy) a significant influence. Significant influence may include being: a partner, officer, director or shareholder holding at least 10% of the voting shares of the business.


Financial Institution

Financial Institution, includes, but is not limited to:

  • a bank,
  • a credit union,
  • an investment or mutual fund broker dealer or distributor,
  • an insurance company, dealer or distributor, or
  • a financial planning firm



Offence includes but is not limited to an offence under:

  1. The Criminal Code (Canada); and/or

  2. Any other Act of the Legislature of a province or territory of Canada or an Act of Parliament, which includes allegations relating to:
    • Breach of trust;
    • Corruption;
    • Forgery;
    • Fraud;
    • Other activities involving deceit or dishonesty for personal gain or advantage;
    • Perjury;
    • The sale or trade of financial products and services; and/or
    • Theft.

If charged with an Offence, a CFP® professional or QAFP™ professional shall immediately notify FP Canada™, in writing, and provide specifics in respect of the Offence.