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The Registered Deposit Brokers Association (RDBA) is committed to increasing consumer awareness. The RDBA serves the best interests of the Canadian investor by maintaining high standards of financial responsibility and sound business practices among its members.

In its ongoing commitment to advancing the knowledge and professionalism of its members, the RDBA has developed The Canadian Deposits Self-Study Course.

The Registered Deposit Broker (RDB), the Registered Deposit Agent (RDA) or Certified Deposit Specialist (CDS) designation is awarded to members who successfully pass the examination. The course provides you with the opportunity to:
  • Increase your knowledge of the financial services industry
  • More effectively train your staff
  • Enhance your professional credibility
  • Earn continuing education credits
    • CFP // 30 hrs
    • Advocis // 30 hrs
    • RIBO // 15 hrs
    • Accredited Course Provider for Life Insurance Councils of British Columbia, Saskatchewan and Manitoba

 

What is the Canadian Deposits Self-Study Course?The Canadian Deposits Self-Study Course provides formal, standardized training to deposit brokers. The program is designed to give brokers solid industry knowledge that will lend them greater credibility in the financial sector.

This self-study course provides information on products, services, managing a brokerage, general legislation and ethics. The course also offers a broader examination of industry-related issues such as estate planning and tax issues, as well as an introduction to the wide range of other financial products available.

Upon successfully completing the course, you will have a comprehensive knowledge of the industry and a certificate that is eligible for continuing education credits. The Registered Deposit Broker (RDB), the Registered Deposit Agent (RDA) or Certified Deposit Specialist (CDS) designation is awarded to candidates who successfully pass the examination. And, for a nominal charge, you can stay abreast of a rapidly changing industry through periodic updates.

 

Who can take the course?
  • Existing deposit brokers who want to further their knowledge and raise their professional profile
  • Employees who want to gain greater expertise
  • Anyone applying for a career in the financial industry
The course makes sense if:
  • You offer, or would like to offer, deposit products such as GICs, Term Deposits, RSP and RIF plans to clients
  • Deposit products are part of your client investment portfolios
  • You believe that a proper asset mix and a diversified portfolio include deposit-based investments


What topics will the course cover?

Regulations and Professional Standards

  • Code of ethics
  • Compliance
  • Standards of professional conduct
  • Provincial legislation and regulations

Products and Investment Strategies

  • Deposit-based products
  • Related financial products
  • Building portfolios
  • Tax issues

Registered Investment Plans

  • Registered Retirement Savings Plan
  • Registered Retirement Income Fund
  • Locked-in Plans
  • Life Income Fund
  • Home Buyers Plan
  • Retiring Allowance
  • Registered Education Savings Plan
  • Annuities

Consumer Insurance Protection

  • CDIC
  • CompCorp
  • Credit Union Depositor Protection Programs

Estate Basics

  • Estate planning
  • Wills
  • Settling an estate

Managing an Effective Brokerage

  • Agency Agreement
  • Broker insurance requirements
  • Procedures and responsibilities
  • Money Laundering

 

What are the terms of enrollment?

Registration
Enrollment in the course is effective for a period of 12 months from the date of registration. Within that time, the student must complete the Canadian Deposits Self-Study examination (three attempts are permitted, however, a $50.00 fee is levied for the second and third attempts). Students who are unable to successfully complete the course within one year or within three attempts can enroll in the course again at full cost (students do not have the option of declining a manual to receive a reduced fee).

Examinations
All students write an 'open-book' examination via the Internet. The examination covers all course material.

Grades
Students must receive a minimum grade of 75% on the examination to successfully complete the course. Graded examinations are returned to students via the Internet. A grade certificate is subsequently mailed to the address of record for the student. No grades will be released over the phone.

Certificates
A certificate is issued to every student who successfully completes the Canadian Deposits Self-Study Course. Please allow one month for delivery.

 

How much will the program cost?

Applicants sponsored by RDBA Member Company
(includes textbook) // $260
Rewrite (exam) // $50

General public/Applicants sponsored by a Non-member
(includes textbook) // $360
Rewrite (exam) // $50

Special Tiered and Group Pricing is available. Please contact the RDBA for further details. Refunds must be requested in writing and must be accompanied by the original tax receipt. The request must be made no later than one month after registration and prior to any examination attempts. Please note that an administration fee of $50 will be deducted. Returned course materials will be accepted only if they remain in their original shrink-wrapped packaging.

 

How do I register?
This course is temporarily unavailable for revision. Please check back again soon.