Highlights from FP Canada Annual Report 2019-20

Last month, FP Canada released its Annual Report for 2019 and 2020.


  • Progress on the policy front with the new Financial Professionals Title Protection Act passed into law in Ontario.
  • Launch of the Qualified Associate Financial Planner certification on Jan 1, 2020. There are already 4,300 QAFP professional in Canada.
  • 50% increase in the number of candidates sitting for both the QAFP and CFP exams. Exam numbers have now increased for five consecutive years with the biggest growth occurring in 2019.
  • Beginning April 1, 2022 new applicants for CFP certification must hold a post-secondary degree from an accredited college or university.


  • 16,948 CFP professionals, with 949 new certifications
  • 3,985 QAFP professionals, with 2,623 new certifications

New Programs

  • Introduction to Professional Ethics (IPE)
    • Prepares candidates for an understanding of the ethical obligations owed by all professionals and the application of these obligations to the financial planning practice
    • It is an online program that takes about 2 hours to complete
  • CFP Professional Education Program
    • Helps students succeed in the new world of technology change by helping them apply their technical knowledge to real world client situations.
    • Program covers the principles of human behaviour and professional skills in the areas of communications, critical thinking, relationships and ethics.
    • It is an online program with a live instructor and equivalent to a full semester university course.

Source: https://fpcanada.ca/annual-report