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Canada · Certification exam

FP Canada practice exam questions

Here are 20 free practice questions in the style of the multiple-choice items on the FP Canada exams. They’re original, written on settled Canadian planning topics like RRSPs, TFSAs, FHSAs, RESPs, CPP and OAS, insurance, tax and estates. We use 70% as a practice target, so 14 right is a pass. That’s our bar, not FP Canada’s, which uses a passing standard of 500. The real CFP exam is mostly written answers to client cases, which we can’t mark here. After each answer you can ask the tutor to explain it another way.

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Updated October 2026 · Written from official sources, listed at the bottom of this page

Question 1 of 20

Priya and Sam own a home worth $600,000 and have $80,000 in RRSPs, $20,000 in TFSAs and a car worth $15,000. They owe $350,000 on their mortgage, $10,000 on a car loan and $5,000 on a credit card. What is their net worth?

Sample of the exam: same format, 20 questions.

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OverviewFP Canada exams: CFP and QAFPQuestions and passing scoreHow many questions are on the CFP and QAFP exams?Exam datesCFP and QAFP exam dates and registrationCostHow much does the CFP exam cost in Canada?Online examCan you write the CFP or QAFP exam online?Exam guide and syllabusFP Canada exam guides, competency profiles and blueprintsWhere to learnWhere to study for the CFP and QAFP exams
Sources: FP Canada, FP Canada Standards Council Competency Profile for CFP Certification and 1 more. Checked October 2026.

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