CFP Exam (Canada) study guide
CFP Exam (Canada) · Work through your exam, one topic at a time.
The Certified Financial Planner (CFP) designation in Canada is administered by FP Canada, the body dedicated to championing better financial wellness for all Canadians by leading the advancement of professional financial planning in Canada. The CFP certification is designed for individuals pursuing a career as a professional financial planner, and is one of two certifications offered by FP Canada, alongside the QAFP certification. The CFP Exam (Canada) study guide has 7 sections and about 3,217 words.
01Financial Planning Foundations and Professional Conduct
This domain tests whether you can operate inside FP Canada's regulatory framework while actually doing planning work. Expect scenario questions where the technical answer is easy but the conduct answer decides the mark: a conflict not disclosed, an engagement that was never defined, a recommendation outside your competence.
484 words, about 2 min02Financial Management
Financial Management tests your ability to read a client's balance sheet and cash flow, compute the ratios lenders use, and make financing and saving decisions on an after-tax, opportunity-cost basis. Net worth statement : assets at fair market value minus liabilities.
445 words, about 2 min03Investment Planning
Investment Planning blends portfolio theory, product knowledge and performance measurement. Questions typically ask you to choose between two portfolios, interpret a statistic, or spot a suitability failure.
470 words, about 2 min04Tax Planning
Tax Planning tests whether you can compute after-tax outcomes across account types and income sources, and apply the attribution and loss rules that trip up real plans. Federal brackets run 15%, 20.5%, 26%, 29% and 33%, stacked with provincial rates; the marginal rate applies to the next dollar, the average rate to total income.
462 words, about 2 min05Retirement Planning
Retirement Planning asks you to build and dismantle a retirement income plan: government benefits, registered savings, withdrawal sequencing and the tax interactions between them. Government: CPP/QPP, OAS and GIS.
427 words, about 2 min06Risk Management and Insurance
Risk Management and Insurance tests whether you can identify a pure risk, quantify the exposure, choose the correct treatment and select the contract wording that actually pays out. Identify the risk, measure frequency and severity, then avoid, reduce, retain, transfer or share .
432 words, about 2 min07Estate Planning
Estate Planning tests the mechanics of transferring wealth on death: the deemed disposition, will validity, what passes outside probate, and the trust and beneficiary designations that make or break the plan. A valid will, a power of attorney for property and a power of attorney for personal care.
497 words, about 2 min