Which one of the following statements about financial planners is false? Question 2 options: All Financial Planners in Canada must be registered in the province or territory in which they will conduct business. The "QAFP" designation, if held by financial planners, who have demonstrated the ability to provide financial advice for client with less complicated needs. A "CFP" holder is an individual capable of providing financial planning advice at the highest level of complexity. Financial advisors are classified into categories based upon how they are compensated