QAFP® Exam

The QAFP exam is a three-hour examination consisting of up to 100 three-option multiple-choice questions, presented as stand-alone questions and case studies with related questions. It is based on the updated FP Canada Standards Council™ Competency Profile for QAFP Certification as outlined in the FP Canada Blueprint: QAFP Exam. Candidates writing this exam are subject to new eligibility requirements including the completion of the QAFP Professional Education Program prior to the exam. Information on the direct path to QAFP certification can be found here.

 

The October sitting of the QAFP exam will be held on October 10, 2024.

Registration opens June 24, 2024.

 


 

Select a topic below to learn more:
Important Dates
Fees
Eligibility
Exam Locations
Online Proctoring
Practice Exam
Study Toolkit
Preparation Checklist

 

Important Dates


 

October 2024 QAFP Exam

June 24 Registration Opens
August 5QAFP/CFP PEP Assessment Deadline
TBDExam Prep Webinar
August 12Early Bird Ends
Last day to request a testing accommodation or
French exam
September 9Registration Closes
Last day to withdraw from an exam sitting, change location
or change writing format
September 16Last day to submit proof of eligibility to write the QAFP exam
Last day to select online proctored exam connection start time
October 10QAFP Exam Day
October 15Last day to request an exam postponement
TBDResults released for the QAFP exam.
(Date will be published at fpcanada.ca approximately two weeks prior to the results release date.)


 

Fees

 

Early Bird Discounted
Rate ends two months
before exam sitting
After Early Bird
Registration
closes one month
before exam sitting
Exam Registration & Practice Exam   $775 + tax$875 + tax
Exam Registration$650 + tax$750 + tax

To view a complete list of examination fees, including alternate location, postponement or withdrawal fees, click here.

 

Eligibility

To write the QAFP exam, you must have successfully completed FP Canada Institute’s Technical Education – Fundamentals or an FP Canada-approved Core Curriculum Program, as well as have completed in the past four years, the QAFP Professional Education Program. Candidates on the former path to QAFP certification that wish to write the QAFP exam will need to complete the QAFP Professional Education Program prior to the exam. Information on the direct path to QAFP certification can be found here.

 

If you hold a relevant professional qualification in good standing in Canada, you may qualify for education exemptions from components of FP Canada Institute Technical Education – Fundamentals or Core Curriculum requirements.  Relevant professional qualifications include:

  • CPA
  • CFA
  • FCIA
  • LL.B./J.D.

Submit Your Documentation

Candidates on the direct path to QAFP certification must successfully complete the QAFP exam within four years (or four attempts) of completing the QAFP Professional Education Program. If you are not successful on the exam within four years (or four attempts), you will need to successfully repeat the QAFP Professional Education Program to be eligible to requalify for the QAFP exam.

 

Exam Location

Candidates have two options for the administration of the QAFP exam: writing the exam at an in-person testing centre, or via online proctoring with their own computer from home or another private location. You will be asked to select an in-person test centre or online proctoring as your exam location as part of the registration process for the QAFP exam.

Online proctoring provides candidates with the opportunity to write the exam from home or another private location using their own computer, webcam, microphone and internet connection. The exam is written in a secure environment on downloaded software – the same exam software that is used at in-person test centres. Before selecting online proctoring as an option, consider if your computer system meets the technology and system requirements necessary for participation in online proctoring. Note that there are no exceptions for these requirements. More information on technology and system requirements will be found in the FP Canada Guide to the QAFP Examination.

You will be asked to indicate your preferred exam location on the QAFP exam application. FP Canada will strive to accommodate your preferred location, but if the location has reached capacity your second preferred location will be assigned to you. In the rare event that your first and second preferred locations are at capacity, an alternate exam location will be proposed to you. A list of standard locations will be listed in the FP Canada Guide to the QAFP Examination.

 

Practice Exam

The Practice Exam is a study tool to help prepare you for the QAFP exam. It allows you to experience how the actual exam looks and feels – and most importantly provides feedback on your performance. Candidates who prepared with FP Canada Practice Exams in the past often said they were more familiar with the exam software, felt the diagnostic report provided useful feedback on their performance and felt better prepared to write the exam. We encourage you to take advantage of this essential study tool and recommend you complete the Practice Exam early in your preparation process.

Order the Practice Exam

 

Based on the FP Canada Blueprint: QAFP Examination , the Practice Exam has the same structure, 3-option multiple choice question format, and types of questions as the actual exam and uses the same software that you’ll use on exam day.

Following completion of the Practice Exam, you will receive detailed rationales for all exam questions as well as a diagnostic report to help identify areas that may require more study. You’re encouraged to refer to the information provided in the diagnostic report while preparing for the QAFP examination. You can view the Practice Exam and the rationales for each correct and incorrect answer as often as you like until exam day.

You may perceive that the level of difficulty of the actual exam varies from the Practice Exam; however, materials on the Practice Exam have appeared on actual FP Canada examinations. With more time to write the Practice Exam than the actual exam, access to study materials while you write it and that your performance on the Practice Exam has no direct consequences may impact your perception of the level of difficulty. When you write the actual exam, there may be some differences in administration settings and there are tighter time constraints for writing; these factors could make the actual exam seem more difficult than the Practice Exam.

Refunds are not provided for the purchase of the Practice Exam. Use of the Practice Exam is restricted to candidates who have registered or are registering to write the QAFP examination and is for personal study use only. The Practice Exam is updated annually for currency. The Practice Exam is available in English and French.

View the Terms & Conditions

If you have questions about the Practice Exam, please contact us at info@fpcanada.ca. Questions or comments received less than two days prior to the QAFP examination will be answered after the examination. There are no additional explanations or tutoring on the Practice Exam content. Please refer to your study materials to better understand the concepts presented in the Practice Exam.

 

Study Toolkit

Tips and tools to help you prepare to write the QAFP exam.

Maximize your study efforts for the QAFP exam with an exclusive webinar facilitated by FP Canada Standards Council’s Examinations department. To help exam candidates gain insight into the exam and exam processes, the webinar answers frequently asked questions such as:

If you’re registered for the QAFP examination, you have access to more than 20 sample exam questions on your FP Canada Portal including a sample case study, retired exam questions, keys to competency and much more.

Access These Tools

Familiarize yourself with the examination software by using our software tutorial. The tutorial gives you an opportunity to experience how the software will work.

Try the Software Tutorial

Arriving to your exam prepared and knowing what to expect is your best strategy for success. For detailed information about the QAFP examination, refer to the FP Canada Guide to the QAFP Examination.

We strongly encourage you to use the FP Canada Standards Council Competency Profile, and materials from the FP Canada Institute’s Technical Education – Fundamentals program or your FP Canada-Approved Core Curriculum Program and Introduction to Professional Ethics course to prepare for the QAFP examination. It’s important to understand that the elements of financial planning competency focus not only on knowledge required, but on how QAFP professionals must behave in practice. The questions on the QAFP examination will refer to one or more elements of competency. You’ll be expected to understand the competencies and how they should be applied in practice.

Please note: FP Canada Standards Council does not review, recommend or endorse any external study help providers, courses or materials as representative of the QAFP examination.

 

Preparation Checklist

This checklist will help you prepare to write the QAFP exam. For more detailed information, refer to the FP Canada  Guide to the QAFP Examination.

Log in to your FP Canada Portal to register for the exam.

  • The FP Canada  Guide to the QAFP Examination  is required reading for all FP Canada examination candidates.
  • View the Examination Preparation Webinar, facilitated by FP Canada Standards Council’s Examinations department, to gain insight into the exam and exam processes.
  • Purchase the Practice Exam. Candidates who have prepared with FP Canada Practice Exams in the past often reported feeling more familiar with the exam software, said the diagnostic report provided useful feedback on their performance and said they felt better prepared to write the exam.
  • Review more than 20 multiple-choice sample exam questions, as well as a case study - these are available on your FP Canada Portal.
  • Familiarize yourself with the exam software by accessing the Software Tutorial.

In-Person Test Centre

  • Bring your Admission Ticket. Approximately 10 days prior to the exam, you will receive an email from Meazure Learning with your Admission Ticket. The address of your exam location will be printed on the Admission Ticket and you will need to print the Ticket and bring it to the test centre
  • Bring photo identification. Along with your printed Admission Ticket, you must bring valid, government-issued photo identification containing both your photograph and signature. The name on your identification must match the name on your exam application, Core Curriculum Program transcripts and Admission Ticket. For examples of acceptable pieces of identification, please refer to the valid identification section in the FP Canada Guide to the QAFP Examination.
  • Bring a noiseless, non-programmable financial calculator. For a listing of approved calculator models, please refer to the  financial calculators section in the FP Canada Guide to the QAFP Examination.
  • Arrive early. Please report to the examination centre by 8:15 a.m. and be registered and seated to hear instructions by 8:45 a.m. The writing of the exam will begin at 9:00 a.m.
  • For instructions on what to bring, what not to bring, what you may keep on your desk during the exam and other important details, please refer to the allowable items section in the FP Canada Guide to the QAFP Examination.

 

Online Proctoring

  • Bring your Admission Ticket. Approximately 10 days prior to the exam, you will receive an emailed Admission Ticket with log-in details and information related to preparing your exam location and accessing your exam during your scheduled time. If you change your exam time, a new Admission Ticket will be generated.
  • Along with your printed Admission Ticket, you must bring valid, government-issued photo identification containing both your photograph and signature. The name on your identification must match the name on your exam application, Core Curriculum Program transcripts and Admission Ticket. For examples of acceptable pieces of identification, refer to the valid identification section in the FP Canada Guide to the QAFP Examination.
  • Bring a noiseless, non-programmable financial calculator. For a listing of approved calculator models, refer to financial calculators section in the FP Canada Guide to the QAFP Examination.
  • Ensure your computer station is prepared 30 minutes prior to your scheduled exam time to reduce potential connection issues. The first 15 minutes of the booked time will be for the onboarding process with an onboarding associate from ProctorU. Candidates should begin the log-in process at least ten minutes prior to the scheduled start time. Note that there may be a wait-time for an onboarding associate but candidates should stay connected should a delay occur – any onboarding delay will not impact the time allocated for exam writing.
  • For instructions on what to bring, what not to bring, what you may keep on your desk during the exam and other important details, refer to allowable items section in the FP Canada Guide to the QAFP Examination.

 

Key Resources

Guide to the QAFP Examination
FP Canada Blueprint: QAFP Examination
FP Canada Standards Council Competency Profiles for QAFP Certification
QAFP® Certification Policies

 

Questions?

If you have any questions regarding the QAFP examination or your responsibilities or rights as a candidate, contact FP Canada's Certificant and Student Services at info@fpcanada.ca, 416-593-8587 or 1-800-305-9886.