CFP® Exam Overview

Certified Financial Planner (CFP®) Exam

Exam Overview

The exam is a six-hour exam containing both stand-along, multiple-choice questions, and case-based constructed-response questions. Detailed test specifications are published by FP Canada in the FP Canada Blueprint: CFP Examination and each question relates to the specific content outlined in the FP Canada Standards Council Competency Profile.

The stand-alone multiple choice questions cover 20-30% of the exam, while the constructed-response questions cover 70-80%. Each question covers at least one or multiple financial planning areas.

The CFP exam is administered twice per year. In 2022, FP Canada will start holding 3 separate exam dates to give student more options.


To write the CFP exam, you have successfully completed:

  • FP Canada-Approved Core Curriculum Education Program
  • FP Canada Institute Introduction to Professional Ethics (IPE) course
  • FP Canada-Approved Advanced Curriculum program
  • FP Canada Institute CFP Professional Education Program within the past four years

Please refer to the FP Canada website, for specific details surrounding eligibility

PlannerPrep’s CFP Product Overview

CFP Practice Exams

  • 3 CFP Practice Exams, which replicate the CFP Exam administered by FP Canada
  • Includes both multiple choice and constructed response questions
  • PlannerPrep’s software makes the experience of taking the practice exams as relevant as possible
  • All Practice Exams include detailed answer key with explanations and traceability to competency profiles
  • Multiple attempts available for each Practice Exam

QAFP/CFP Study Guide

  • Covers all competency areas and financial planning topics
  • Comprehensive content covers all financial planning areas in 300+ pages
  • Downloadable PDF included for smartphones, computers and print-outs
  • Focused content ensure study time is as efficient as possible

CFP Exam Multiple Choice Question Bank

  • Over 500 multiple choice questions to further enhance your preparation and knowledge
  • Correct answers and rationale available after each questions
  • Results based on financial planning area
  • Customize question formats to create question bank subsets to focus on specific financial planning areas

Products available for individual purchase or by affordable product bundles.