It depends on the product you're selling. In some cases it's national. In some cases it's provincial. It's substantial in all cases, I can tell you that first-hand. My wife works in the financial planning business and to see what she goes through from a training perspective between the Canadian securities course and the wealth management essentials course, and the practice standards course, and the number of hours one goes through both to obtain licensing and then to be able to maintain it because there's a continuing education requirement is enormous. It's no small undertaking on the individuals or their spouses.
On October 31st, 2016. See this statement in context.