Continuing Education Exemptions

Recognition of Completion of an FP Canada Professional Education Program

 

  QAFP Professionals

To recognize the extent of and currency of learning resulting from successful completion of a Professional Education Program, QAFP professionals are exempt from CE requirements in all categories, including the category of Professional Responsibility, in the year they pass the QAFP exam and the following two consecutive calendar years.

Candidates who do not obtain certification within two calendar years following the year they pass the QAFP examination, are not eligible for this CE exemption.

QAFP professionals who transition from FPSC Level 1 certification in January 2020 must complete either the CFP Professional Education Program or the QAFP Professional Educational Program by July 31, 2021 to maintain QAFP certification. QAFP professionals who meet this requirement will be exempt from CE requirements in all categories, including the category of Professional Responsibility, in 2020 and 2021.

 

  CFP Professionals

To recognize the extent of and currency of learning resulting from successful completion of a Professional Education Program, CFP professionals are exempt from CE requirements in all categories, including the category of Professional Responsibility; in the year they pass the CFP examination and additional, consecutive years as follows:

Certification PathCE ExemptionsIn Recognition of Successful Completion of:
Direct Path to CFP Certification2 yearsCFP Professional Education Programs
QAFP Bridge Path to CFP Certifcation2 yearsQAFP Professional Education Program and
QAFP-to-CFP Certification Bridge Program
or
CFP Professional education Program
Relevant Professional Qualifications Path to CFP Certification2 yearsCFP Professional Education Program
Pl. Fin. Path to CFP CertificationN/AN/A
Foreign CFP Professional Path to CFP Certification2 yearsCFP Professional Education Program

Candidates who do not obtain certification within two calendar years following the year they pass the CFP examination are not eligible for this CE exemption.

 

Leaves of Absence

A CFP professional or QAFP professional may request an exemption from CE requirements for the calendar year in which they take a leave of absence from employment/practice in the event of maternity/parental or medical/disability leave.

Any other requests for CE exemption will be considered on a case-by-case basis.

You will be exempt from the annual CE requirement for the calendar year coinciding with the birth/adoption of your child. Upon request, the exemption of the annual CE requirement may be split evenly across two consecutive years. A CE Exemption Request Form must be submitted to FP Canada with a copy of the child’s birth certificate and/or adoption papers.

The CE exemption for maternity/parental leave is limited to one calendar year, even though you may choose to take an extended leave. In the event of subsequent births/adoptions, a separate CE Exemption Request Form must be submitted with the birth certificate and/or adoption papers for each child.

You will be exempt from the annual CE requirement in the calendar year coinciding with an approved medical/disability leave of at least six months. A CE Exemption Request Form must be submitted to FP Canada with a current medical report and/or doctor’s note.

If a CE exemption is required for consecutive years, you must re-apply for the CE exemption annually and provide an up-to-date medical report and/or doctor’s note that explains the reason for the extended medical/disability leave. Consecutive CE exemptions will be considered on a case-by-case basis.