CFE preparation

The Common Final Examination (CFE) is a three-day examination. While the purpose to the CFE is first to evaluate the competencies acquired in the program, all prior learnings are also testable. You will have to draw on knowledge acquired1:

  • during the undergraduate program (or the equivalency process), 
  • during the core and elective modules of the national program delivered by the Order or the university graduate program courses.

In accordance with the CPA Competency Map Knowledge Supplement.

CPA Canada preparation material

Sample cases for each day are published on the CPA Canada website: read the examples!

The following documents are available on the CPA Canada website:

  • September 2015 Board of Examiners’ Report
  • May 2016 Board of Examiners' Report related to the Day 1 case Rejuvenating Spa Inc. (RSI - September 2015 and May 2016) and May 2016 CFE case studies
  • May 2016 CFE Report Supplement providing commentary from the Board of Examiners on candidates’ performance for the Day 2 and Day 3 simulations
  • September 2016 Board of Examiners' Report related to the Day 1 Canada Heavy Engineering Incorporated (CHEI - May and September 2016) and September 2016 CFE case studies

Examination preparation services

We also offer three service options to better help you prepare for Day 2 and Day 3. To register for one of these options, fill out the online registration form before the deadline. The required fees must be paid in full immediately upon receipt of the registration confirmation, otherwise your registration will be automatically cancelled. You will be able to access the invoice in your online file, under the Statement of account tab.

Important: The options below are non-compulsory. If you would like tools to help you prepare for the CFE, in addition to your education program, you can take advantage these options.

Option for all candidates (1st attempt or rewrite of Day 2 and 3)

Option 1 – Day 2 and Day 3 of the Mock CFE offered by the Order

Registration deadline: May 12, 2017
Cost: $488.64

By offering Day 2 and Day 3 of the Mock CFE, the Order wishes to give candidates an opportunity to practice case studies in addition to those already covered in the university graduate program and the national program. The primary objective is to increase candidates’ confidence by offering personalized feedback with an experienced CPA, including the following:

  • Unpublished Day 2 simulation (multi-role case study) followed by an individual feedback1
  • Unpublished Day 3 simulation (three short case studies) followed by an individual feedback1

1 Individual feedback will be offered at the offices of the Order. This service may also be provided by telephone/Skype for candidates living outside the Montreal area.

Individual feedback schedule

The unpublished case study is sent one week before the date of individual feedback for completion of the Mock CFE at home.

  • Day 3 simulation – Short case study No. 1: August 1, 2017 (duration: 1 hr)
  • Day 3 simulation – Short case study No. 2: August 8, 2017 (duration: 1.)
  • Day 3 simulation – Short case study No. 3: August 15, 2017 (duration: 1 hr)
  • Day 2 simulation – Multi-role case study: August 22, 2017 (duration: 1.5 hrs)

Cancellation and refund policy 

If the program registration is cancelled before July 14, 2017, the amount billed will be refunded in full. No refund will be given if registration is cancelled after that date.

CHOOSE THIS OPTION

Options for rewrite candidates in the university graduate program (Day 2 and 3)

Option 2 – Capstone 2 of the national program

Registration deadline: June 1, 2017
Cost: $1,494.68

You can choose to register in Capstone 2 delivered by the Order.

Available resources

  • Case studies1 (eight Day 2 cases and 20 Day 3 cases), marking guides (solutions) and feedback guides
  • Other self-assessment documents for each case study (walkthrough notes, debrief notes, annotated sample response, sample response feedback guide, debrief video)
  • Access to the Oracle
  • Feedback (correction) on your responses to the Capstone 2 case studies (four Day 2 case studies and 10 Day 3 case studies)
  • Interactive workshop
  • Stress management strategies

1 Attention! Some of the content of the case studies used in the Capstone 2 module may be similar to the content of the Capstone 2 course of the university graduate program.

Capstone 2 schedule

  • Material access date: July 7, 2017
  • Module duration: July 22 to September 8, 2017
  • Interactive workshop2: July 22 and 23, 2017

2 The orientation workshops, interactive workshops and module examinations are held in Montreal and, if warranted by the number of registrations, they could also take place in Quebec City.

Cancellation and refund policy 

See the Cancellation and Refund Policy.

CHOOSE THIS OPTION

Option 3 – Access to the educational material for Capstone 2 of the national program

Registration deadline: June 1, 2017
Material access date: July 22, 2017
Cost: $287.44

You can purchase access to the CPA Canada D2L site to obtain the material for Capstone 2 of the national program only. This option doesn't include the workshop or the guidance of the program.

Available resources

  • Case studies1 (eight Day 2 cases and 20 Day 3 cases), marking guides (solutions) and feedback guides
  • Other self-assessment documents for each case study (walkthrough notes, debrief notes, annotated sample response, sample response feedback guide, debrief video)
  • Access to the Oracle

1 Attention! Some of the content of the case studies used in the Capstone 2 module may be similar to the content of the Capstone 2 course of the university graduate program.

Cancellation and refund policy

No refund will be given once your access to the module through D2L has been created.

CHOOSE THIS OPTION

Securexam software

You must use the Securexam software on your PC computer to write and submit your answers electronically. For more information on the hardware and software requirements, go to the Securexam software webpage.

Resources available during the examination

Candidates will have access to restricted resource material on all three days of the CFE:

  • the CPA Canada Handbook;
  • the Income Tax Act;
  • tax shield formula; and 
  • other relevant tax information.

The standards and regulations are those in effect as of December 31 prior to the examination.

Visit the CPA Canada website to obtain clarification on the Securexam reference material cut-off date and testable material used for the next examination.

Regulations

To familiarize yourself with the CFE regulations, please watch CPA Canada’s video.

1.0.0.0