Continuing Education Exemptions
QAFP™ Professionals certified in 2021 have one year from their date of certification to complete either CFP Professional Education Program or QAFP Professional Education Program.
QAFP professionals certified in 2020, with no CFP® exam attempt prior to January 2020, must complete a professional education program by September 30, 2021 to maintain their QAFP certification. We recommend that they register no later than the April session to ensure they have time to meet this requirement
QAFP professionals certified in 2020, with a CFP exam attempt prior to January 2020, must register for a professional education program by July 31, 2021 to maintain their certification. They must be registered by July 31 and can complete the program in due time (I.e. the duration of the course they are registered in). They will not be able to renew in 2022 if they have not completed a Professional Education Program by then.
To recognize the extent of and currency of learning resulting from successful completion of a Professional Education Program, CFP professionals are exempt from CE requirements in all categories, including the category of Professional Responsibility; in the year they pass the CFP examination and additional, consecutive years as follows:
|Certification Path||CE Exemptions||In Recognition of Successful Completion of:|
|Direct Path to CFP Certification||2 years||CFP Professional Education Programs|
|QAFP Bridge Path to CFP Certification||2 years||QAFP Professional Education Program and|
QAFP-to-CFP Certification Bridge Program
CFP Professional education Program
|Relevant Professional Qualifications Path to CFP Certification||2 years||CFP Professional Education Program|
|Pl. Fin. Path to CFP Certification||N/A||N/A|
|Foreign CFP Professional Path to CFP Certification||2 years||CFP Professional Education Program|
Candidates who do not obtain certification within two calendar years following the year they pass the CFP examination are not eligible for this CE exemption.
A CFP professional or QAFP professional may request an exemption from CE requirements for the calendar year in which they take a leave of absence from employment/practice in the event of maternity/parental or medical/disability leave.
Any other requests for CE exemption will be considered on a case-by-case basis.
You will be exempt from the annual CE requirement for the calendar year coinciding with the birth/adoption of your child. Upon request, the exemption of the annual CE requirement may be split evenly across two consecutive years. A CE Exemption Request Form must be submitted to FP Canada with a copy of the child’s birth certificate and/or adoption papers.
The CE exemption for maternity/parental leave is limited to one calendar year, even though you may choose to take an extended leave. In the event of subsequent births/adoptions, a separate CE Exemption Request Form must be submitted with the birth certificate and/or adoption papers for each child.
You will be exempt from the annual CE requirement in the calendar year coinciding with an approved medical/disability leave of at least six months. A CE Exemption Request Form must be submitted to FP Canada with a current medical report and/or doctor’s note.
If a CE exemption is required for consecutive years, you must re-apply for the CE exemption annually and provide an up-to-date medical report and/or doctor’s note that explains the reason for the extended medical/disability leave. Consecutive CE exemptions will be considered on a case-by-case basis.