Average Certified Financial Planner CFP Salary in Canada
The average annual salary of Certified Financial Planner (CFP) is $76,394.00
The starting salary of Certified Financial Planner (CFP) is between $45,050.00 and $53,000.00 whereas the maximum salary range is between $129,780.00 and $149,247.00.
|Minimum Annual Pay||Maximum Annual Pay|
The average hourly pay of Certified Financial Planner (CFP) is $42.40.
The starting hourly rate is between $25.00 and $29.96 for Certified Financial Planner (CFP) whereas the maximum hourly wage is between $51.84 and $60.00.
|Minimum Hourly Pay||Maximum Hourly Pay|
- Currency : CAD
- Annual Salary : $76,394.00
- Hourly Pay : $42.40
- Weekly Pay : $1,426.00
- Fortnightly Salary : $2,853.00
- Monthly Salary : $6,181.00
Certified Financial Planner (CFP) Salary Comparison by Gender
This pie chart demonstrates the gender share for Certified Financial Planner (CFP). As indicated, the golden colour represents the percentage share for women and the green represents the percentage share for men.
As shown in the chart, male employees are involved significantly more as Certified Financial Planner (CFP) compared to female. Their involvement is 52% while of female is only 48%.
Salary Distribution Based on Years of Experience
The line graph shows Certified Financial Planner (CFP) salary in Canada on an annual basis. In this graph specifically, it is indicated that as the years of experience increases, so does their wages.
For Certified Financial Planner (CFP) working less than a year in a company, you notice that their annual salary starts around $45,519.76.
As the years of experience reaches 1 to 4, there is a significant increase of $18,788.90 which would give a total wage of CAD64,308.66.
Once the experience reaches 5-9 years Certified Financial Planner (CFP) salary would increase again to a total of $67,834.63, adding $3,525.97 from the last salary increase.
After reaching the 10-19 year experience in their career, another increase in salary will be added to a total of $92,697.31.
And finally, once the Certified Financial Planner (CFP) gains 20 years of experience or more, their salary would reach $107,273.95.
Prominent Skills Affecting Certified Financial Planner (CFP) Salary
The bar graph data indicates the importance of specific skills which can have a direct impact on Certified Financial Planner (CFP)'s salary. It clearly highlights the skills needed for a post of Certified Financial Planner (CFP) when hired by an employer.
The most vital skill expected of Certified Financial Planner (CFP) is Financial Modeling which impacts the most than the rest of the skills indicated with a staggering 7% comparatively. Therefore, one’s salary would greatly depend on their skills in Financial Modeling.
The skill least likely to affect one’s pay would be Client Interaction with 1%. It can be said that Client Interaction skill will unlikely impact the salary.
Compensation Statistics Based on Experience Levels
This combination of a line and the bar graph shows how the experience affects the salary of Certified Financial Planner (CFP). Companies are considering factors like training and education directly affecting the salary offered to you as an employee. The line graph shows the salary increment with the increase in experience whereas the bar graph shows the comparision of how the salary is getting affected based on experience level.
As shown in the trends, lowest earning is $44,309.00 whereas the highest earning is $103,132.00 which clearly shows the salary increases with the level of expertise.
Experienced person will earn the maximum salary of $103,132.00 at 35%. So to summerize, Entry Level earns 42% less than the average salary, Early Career earns 17% less than the average salary, Mid Carrer earns 14% less than the average salary, Late Career earns 18% more than the average salary, Experienced earns 35% more than the average salary.
Job hunters also viewed these Salaries
- Site Reliability Engineer (SRE) $62,424.00 to $165,830.00
- Certified Coding Associate (CCA) $0.00 to $43,068.00
- Executive Assistant $42,900.00 to $77,004.00
- Certified Dental Assistant (CDA) $26,775.00 to $72,255.00
- Graduate Research Assistant (GRA) $19,448.00 to $61,583.00
- Certified Diabetes Educator (CDE) $34,561.00 to $104,834.00
- Certified General Accountant (CGA) $44,200.00 to $125,511.00
- Certified Massage Therapist (CMT) $0.00 to $63,998.00
- Social Worker (BSW) $36,720.00 to $88,999.00
- Certified Nurse Assistant (CNA) $21,012.00 to $48,565.00
- Social Worker (MSW) $41,446.00 to $110,159.00
- Certified Occupational Therapy Assistant (COTA) $30,575.00 to $62,675.00