Canadian Securities Course

The licensing course to be a registered investment advisor in Canada.

What is the Canadian Securities Course?

The Canadian Securities Course or “CSC” is the first requirement for becoming a registered investment representative in Canada, which applies to some corporate finance careers.

Passing the CSC required writing two exams (part 1 and part 2) that must be completed within 365 days of registering for the course.

It’s recommended that students allocate 150 to 200 hours of studying for the Canadian Securities Course.

What topics does the CSC cover?

The Canadian Securities Course is divided into two parts, which are outlined in more detail below.

Exam 1

  • Canadian Investment Marketplace
  • Economics
  • Fixed-Income Securities:
    • Features and Types
    • Pricing and Trading
  • Equity Securities:
    • Preferred Shares and Common Shares
    • Transactions
  • Derivative Securities
  • Listing and Financing Securities
  • Public Corporations and Financial Statements

Exam 2

  • Financial Analysis:
    • Fundamental and Technical Research
    • Company Research
  • Portfolio Management:
    • Introduction to the Portfolio Approach
    • Portfolio Management Process
  • Funds:
    • Mutual Funds
    • Segregated and Hedge Funds
    • Other Managed and Structured Products
  • Tax
  • Retail Clients
  • Institutional Clients

What career paths require the CSC?

The Canadian Securities Course is actually not a requirement for most jobs in corporate finance.  The main careers that require it are portfolio managers and sales & trading professionals.

The majority of job paths on our Career Map don’t require registration with the CSC, as they don’t involve the direct buying or selling of securities.

You may be pleased to learn that jobs like investment banking and equity research don’t require taking the CSS.  If you’re just finishing school and looking to start your career it may be a pleasant surprise, since most BCom students don’t want to study anymore.

Finance and accounting courses

If you are planning to take the Canadian Securities Course it may be a good idea to brush up on several topics with free CFI courses.  Course that would be relevant include:

Topics NOT COVERED in the CSC but that are very relevant to careers in corporate finance include: