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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 acquired:

  • 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. 

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
  • September 2017 Board of Examiners' Report related to the Day 1 Phoenix Risen Inc. (PRI - September 2016 and 2017) and September 2017 CFE case studies

  • September 2018 Board of Examiners' Report related to the Day 1 Cinémas FVT Inc. (FVT - September 2017 and 2018) and September 2018 CFE case studies

  • September 2019 Board of Examiners' Report related to the Day 1 Heartbreak Estates Vineyard & Winery Ltd. (HEVW - September 2018 and 2019) and September 2019 CFE case studies

  • Complete September 2020 CFE Report (will be available by May 2021)

Examination preparation services

We also offer 3 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. When confirming your registration, we will provide you with the necessary information for payment.

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 of these options.

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

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

Individual feedback schedule

Day 3 simulation
(duration: 45 mins)


Case Study 
Kool Condos


Week of
July 26, 2021

Day 3 simulation
(duration: 45 mins)


Case Study 
Licensing and Registration


Week of
August 2, 2021

Day 3 simulation
(duration: 45 mins)


Case Study
Mountain Monster


Week of
August 9, 2021

Day 2 simulation
(duration: 1hr 15min)


Case Study 
Tru-Derm Ltd.


Week of
August 16, 2021


1 This fee is deductible for tax purposes.

By offering Days 2 and 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 distance feedback with an experienced CPA, including the following:

  • Unpublished Day 2 simulation (multi-role case study) followed by a videoconference individual feedback
  • Unpublished Day 3 simulation (3 short case studies) followed by a videoconference individual feedback
 

If the program registration is cancelled, no refund will be given.

Options for rewrite candidates (Day 2 and 3)

Option 2 – Capstone 2 of the national program

You can choose to register for Capstone 2, which is delivered by the Order.

May 2021 CFE


Registration period
The registration period dates will be announced soon.
Important: registrations will be processed starting (date TBD). It is therefore normal that you do not receive you official registration confirmation before this date.


Available resources

  • Case studies2 (four Day 2 cases and 12 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 learning ebook
  • Feedback (correction) on your responses to the Capstone 2 case studies (two Day 2 case studies and eight Day 3 case studies)
  • Interactive workshop
  • Stress management strategies

 


Capstone 2 schedule

  • Material acces: April 3, 2021
  • Module duration: April 3 to May 21, 2021
  • Interactive workshop3: April 3 and 4, 2021

 

September 2021 CFE


Registration period
May 3 to July 6, 2021

Important: registrations will be processed starting May 24. It is therefore normal that you do not receive you official registration confirmation before this date.


Available resources

  • Case studies2 (four Day 2 cases and 12 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 learning ebook
  • Feedback (correction) on your responses to the Capstone 2 case studies (two Day 2 case studies and eight Day 3 case studies)
  • Interactive workshop
  • Stress management strategies

 


Capstone 2 schedule

  • Material acces: July 17, 2021
  • Module duration: July 17 to September 3, 2021
  • Interactive workshop3: July 17 and 18, 202

 

Important! 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.

3 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.

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

May 2021 CFE


Registration period
The registration period dates will be announced soon.

Important
registrations will be processed starting (date TBD). It is therefore normal that you do not receive you official registration confirmation before this date.


Available ressources

  • Case studies4 (four Day 2 cases and 12 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 learning ebook

 


Material access date
April 3, 2021

September 2021 CFE


Registration period
May 3 to July 6, 2021 

Important
registrations will be processed starting May 24. It is therefore normal that you do not receive you official registration confirmation before this date.


Available ressources

  • Case studies4 (four Day 2 cases and 12 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 learning ebook

 


Material access date
July 17, 2021


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.

4 Important! 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.

If you have any questions about the examination preparation service, please contact us at pedagogie@cpaquebec.ca

Examination software

You must use the examination software on your PC computer to write and submit your answers electronically. This software is an application that locks down your computers so that no other programs or files can be accessed during an examination. The application automatically uploads all responses into the Test Administration system.

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 examination software 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.

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