Pretty female college student sitting in a classroom full of students during class
© Lightpoet / 123RF Stock Photo

A record number of candidates wrote the most recent Certified Financial Planner (CFP) exam, FP Canada announced on Wednesday. 

The certifying body for the CFP designation in Canada said that 1,832 candidates attended the final sitting of the FPSC Level 1 examination and the most recent sitting of the CFP examination, which took place across Canada on Nov. 28 and 29, respectively. 

Candidates for the CFP exam included 1,045 first time writers and 344 who were re-attempting the exam. The overall pass rate for the November 2019 exam was 44% — 53% among first time writers and 16% among repeat writers. 

Four hundred forty-three candidates (353 first time writers and 90 repeat writers) attended the final sitting of the FPSC Level 1 exam, the qualifying exam for FPSC Level 1 Certification in Financial Planning. The overall pass rate of the FPSC Level 1 exam was 68%.

On Jan. 1, 2020, the FPSC Level 1 certification was replaced by the Qualified Associate Financial Planner (QAFP) certification

“We continue to see tremendous growth in the number of candidates pursuing the CFP designation, as there is increasing recognition of the value of professional certification,” says Cary List, president and chief executive officer, FP Canada.

The next sitting of the CFP exam and the inaugural sitting of the QAFP exam will take place on June 4 and 5, respectively.