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CSI FP2 Exam Overview:
| Certification Vendor: | Canadian Securities Institute (CSI) |
|---|---|
| Exam Name: | Financial Planning II (FPII) |
| Exam Number: | FP2 |
| Related Certifications: | Personal Financial Planner (PFP®) Associate Financial Planner (AFP) |
| Real Exam Qty: | 60 |
| Passing Score: | 60% |
| Exam Duration: | 180 minutes |
| Certificate Validity Period: | Course enrollment period: 1 year |
| Exam Format: | Proctored exam (remote or test centre), Multiple-choice |
| Exam Price: | Varies by enrollment package and region (CAD pricing applies) |
| Available Languages: | English, French |
| Recommended Training: | CSI Financial Planning II (FPII) Course |
| Exam Registration: | CSI Financial Planning II (FPII) Exam Registration |
| Sample Questions: |  |
| Exam Way: | Online proctored exam or in-person test centre delivery. |
| Pre Condition: | Recommended completion of Financial Planning I (FPI) or equivalent financial planning knowledge before taking FP2. |
| Official Syllabus URL: | https://www.csi.ca/en/learning/courses/fp2/exam-credits |
CSI FP2 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Financial Planning Practice | 10% | - Professional standards and ethical practices - Financial planning process and client relationship management |
| Retirement Planning | 20% | - Government benefits and retirement plans - Retirement income sources and strategies |
| Savings Planning & Debt Management | 10% | - Savings strategies and cash flow management - Debt management techniques |
| Investment and Tax Planning | 10% | - Investment strategies and portfolio considerations - Tax planning concepts |
| Financial Planning for Small Business | 15% | - Small business financial strategies - Business ownership structures and planning |
| Insurance Planning | 10% | - Insurance needs analysis - Risk management and insurance products |
| Estate Planning | 10% | - Estate transfer strategies - Wills, trusts and succession planning |
| Family Law | 15% | - Family property and financial considerations - Legal implications in financial planning |
CSI Financial Planning II (FPII) Essentials: What Candidates Ask
- Estate Planning (10%)
- Savings Planning & Debt Management (10%)
- Financial Planning for Small Business (15%)
CSI Financial Planning II (FPII) Sample Questions:
Tara bought an insurance policy on Wednesday, June 6. What date would her rescission right end?
- A. Wednesday, June 20.
- B. Friday, July 6.
- C. Saturday, June 16.
- D. Friday, June 8.
Correct Answer: C 🗳️
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What tax consideration should employers take into account when setting up a supplemental executive retirement plan (SERP)?
- A. The employer does not receive a tax deduction for the SERP contribution until the employee receives the benefits.
- B. A SERP permits higher tax-deductible contributions by the employer than those allowed under a registered retirement savings plan.
- C. A SERP is eligible to be registered with the CRA provided that the employer makes a minimum contribution on behalf of the employee based on a percentage of the company's profits.
- D. When a SERP is registered with the Canada Revenue Agency (CRA) under the Income Tax Act, it provides for the employers contributions to be tax-deductible.
Correct Answer: A 🗳️
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Maxwell is filing a rights or things tax return for his deceased mother. She had the following sources of income:
Debenture interest coupons.
Unpaid dividends declared before her death.
Old age security that was due before her death.
Income from a registered retirement savings plan (RRSP).
Which form of income will Maxwell have to exclude from the rights or things tax return?
- A. Old age security that was due before her death.
- B. Debenture interest coupons.
- C. Unpaid dividends declared before her death.
- D. Income from an RRSP.
Correct Answer: D 🗳️
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What type of trust is formed when one party is unjustly enriched at the expense of another person?
- A. Constructive.
- B. Resulting.
- C. Social.
- D. Private.
Correct Answer: A 🗳️
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Peter and Anna have been feeling like their debt is out of control. They have several credit cards maxed out along with vehicle loans and are having trouble keeping up with all of the payments. The couple does not own a home, but both have stable employment. They are meeting with their financial advisor, Joy, to discuss options for their debt situation. What is the most suitable option for them?
- A. Line of credit.
- B. Automatic discharge.
- C. Consolidation loan.
- D. Bankruptcy.
Correct Answer: C 🗳️
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