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FPSC Level 1® Examination in Financial Planning


FPSC Level 1  Examination

The FPSC Level 1 examination is a four-hour exam consisting of approximately 95 multiple-choice questions. Every question on the exam focuses on specific elements of the CFP Professional Competency Profile and may also require integration across several financial planning areas. 

The FPSC Level 1 examination is offered twice a year in both official languages. It’s administered electronically at computer-based testing centres located across Canada.



 

Important Dates

Date

Event

January 9 Results released for the December 1, 2017 sitting of the FPSC Level 1 examination 
Exam registration for May 31, 2018 sitting of the FPSC Level 1 examination opens 
April 6 Exam Preparation Webinars 
April 9 Early bird registration closes 
Last day to request an alternate exam location or testing accommodation 
May 1  Exam registration closes  
Last day to provide educational transcripts 
Last day to request a refund, postponement or change exam location
May 31  FPSC Level 1 examination takes place at locations across Canada
June 15  Last day to notify FPSC of any change of address prior to release of exam results 
July 5  Results released for the FPSC Level 1 examination 


Fees

 

Early Bird
Available until April 9, 2018 

Regular
 April 10 - May 1, 2018 

Exam Only $550 + taxes $650 + taxes
Exam + Practice Exam $675 + taxes $775 + taxes 

All prices are exclusive of taxes.

Are you Eligible to Write the FPSC Level 1 Examination? 

Standard Route to CFP® Certification:

  • Timing: You must have successfully completed an FPSC-approved Core Curriculum program within the past four years.
  • Documentation: You’ll need an official transcript from your educational institution indicating your successful completion of all courses, but there's no need to submit your transcript until after you’ve registered for the exam. Please upload your transcript to your FPSC Portal no later than one month before the exam.
  • Rewrites: If you’re rewriting the exam, you don’t need to submit supporting documentation. 
  • Exemptions: If you hold relevant financial planning qualifications or other relevant professional qualifications that qualify for exemption under Routes to CFP Certification, you may qualify for exemption from an FPSC-approved Core Curriculum program.

Fast Track with Relevant Qualification

  • Documentation: You’ll need a letter from your governing professional body confirming your qualifications and good standing, but there is no need to submit this until after you’ve registered for the exam. Please upload your letter to your FPSC Portal no later than one month before the exam. 


Exam Locations

You’ll be asked to select your preferred exam location city on the FPSC Level 1 examination application. FPSC will strive to accommodate your first selection of exam location, but in the event that seats are no longer available due to capacity limitations, your backup location will be assigned. In the rare event that your first and second choice locations are full, an alternate exam location will be proposed to you. For a list of cities where the exam will take place, please refer to the Guide to FPSC Examinations


Preparing for Success in the Exam

The FPSC Level 1 Examination in Financial Planning Practice Exam is the ideal study tool to help ensure success in the exam. It lets you experience how the exam looks and feels as it provides feedback on your performance. Of candidates who have prepared with the Practice Exam in the past, 95% said they were more familiar with the examination software, more than 90% felt the diagnostic report provided useful feedback on their performance and 90% felt better prepared to write the exam. Visit our FPSC Study Toolkit page for more tips and tools to get ready for the FPSC Level 1 examination.