Nine hundred and sixty three individuals wrote the Financial Planners Standards Council (FPSC) Certified Financial Planner Examination on November 18, 2006, and 43.1% (415) passed. Of those writing the exam for the first time, 49.7% passed.

The list of the 415 successful CFP candidates appears in today’ s Globe and Mail.

“Congratulations to those who successfully completed this critical step towards earning CFP certification, representing the gold standard in financial planning professionalism. The CFP Examination is rigorous and is a key component of CFP certification,” said FPSC Acting President and CEO Cary List.

The six-hour CFP Examination is administered in both official languages twice a year. The November examination was held in more than 50 centres across Canada. Topics covered reflect the knowledge, skills and professional competence required in the current practice of financial planning as established by CFP professionals and academics from across the country.

Only candidates who have completed the educational requirements set by FPSC are eligible to write the CFP Examination. There are 32 programs directly accredited by FPSC that are delivered by 25 institutions (including colleges and universities). However, some program providers have entered into academic partnerships bringing the number of institutions that offer courses of study leading to CFP certification to over 70.

Individuals who hold one of the following credentials and have three years of relevant industry experience are also eligible to write the CFP Examination through FPSC’s Approved Prior Credentials Policy:

  • Professional accountants (CA, CGA, CMA);
  • Chartered Financial Analyst (CFA);
  • Chartered Life Underwriter (CLU);
  • Members of provincial law societies; and
  • PhD in finance, business or economics.



The next scheduled CFP exam is on Saturday, June 9, 2007. Registration closes on May 9, 2007.