CSI FP2 : Financial Planning II (FPII)

FP2 pass collection

Exam Code: FP2

Exam Name: Financial Planning II (FPII)

Updated: Oct 13, 2026

Q & A: 62 Questions and Answers

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About CSI FP2 Exam

Some products are built for the seller's convenience. PassCollection builds for the candidate: 62 practice questions for the CSI Financial Planning II (FPII) exam in three versions — PDF, Desktop Test Engine, and Online Test Engine — each with its own strengths, all included in one purchase.

CSI FP2 Exam Overview:

Certification Vendor:Canadian Securities Institute (CSI)
Exam Name:Financial Planning II (FPII)
Exam Number:FP2
Passing Score:60%
Exam Format:One examination, Multiple-choice, Up to 3 attempts, Remote online or in-person at a test centre, Proctored examination
Certificate Validity Period:Not applicable as a standalone certification; successful completion provides a Notice of Course Completion. Course enrolment period: 1 year.
Real Exam Qty:60
Available Languages:English
Exam Duration:180 minutes
Exam Price:Not separately specified; course enrolment options are CAD 800 (online with PDF textbook) and CAD 875 (online with hard-copy textbook)
Related Certifications:Financial Planning I (FP I)
Personal Financial Services Advice (PFSA)
Certificate in Advanced Financial Advice
Personal Financial Planner (PFP)
Sample Questions:Free Download FP2 pass collection
Exam Way:Proctored examination, available remotely or in person at a test centre. The official exam page specifies a 3-hour duration, 60 multiple-choice questions, a passing grade of 60%, and up to 3 attempts.
Pre Condition:The course builds on Personal Financial Services Advice (PFSA) and Financial Planning I (FP I). Confirm current enrolment eligibility and any formal prerequisites directly with CSI.
Official Syllabus URL:https://www.csi.ca/en/learning/courses/fp2/exam-credits

CSI FP2 Exam Syllabus Topics:

SectionWeightObjectives
Investment and Tax Planning10%- Investment Management
  • 1. Portfolio Performance Measurement and Benchmarking
    • 2. Investment Selection and Risk Management
      • 3. Modern Portfolio Theory and Asset Allocation
        - Tax Planning Strategies
        • 1. RESPs, RDSPs, TFSAs and In-Trust Accounts
          • 2. Tax Shelters and Tax-Efficient Strategies
            • 3. Income Deferral and Income Splitting
              • 4. Taxation of Business Structures
                Financial Planning for Small Business15%- Business Law and Agency Relationships
                • 1. Agency Relationships
                  • 2. Contract Termination and Discharge
                    • 3. Contract Formation and Types of Contracts
                      - Small Business Financial Planning
                      • 1. Business Structures and Entity Selection
                        • 2. Business Succession and Estate Freezes
                          • 3. Business Taxation
                            • 4. Business Valuation and Employment Law
                              Estate Planning10%- Trusts and Powers of Attorney
                              • 1. Powers of Attorney for Personal Care and Property
                                • 2. Incapacity Planning and Substitute Decision-Making
                                  • 3. Types of Trusts and Trust Establishment
                                    • 4. Taxation of Trusts
                                      - Estate Distribution and Tax Planning
                                      • 1. Will Preparation and Probate
                                        • 2. Estate Planning for Individuals, Families and Business Owners
                                          • 3. Probate Fee and Estate Administration Cost Reduction
                                            • 4. Minimizing or Deferring Taxes at Death
                                              Retirement Planning20%- Registered Pension and Retirement Income Plans
                                              • 1. Registered Retirement Savings Plans
                                                • 2. Annuities and Retirement Income Products
                                                  • 3. Registered Pension Plans and Deferred Profit Sharing Plans
                                                    • 4. Registered Retirement Income Funds and Life Income Funds
                                                      • 5. Individual Pension Plans and Executive Retirement Arrangements
                                                        - Retirement Income Needs Analysis
                                                        • 1. Managing Retirement Income Shortfalls
                                                          • 2. Old Age Security and Guaranteed Income Supplement
                                                            • 3. Estimating Retirement Income Requirements
                                                              • 4. Canada Pension Plan and Quebec Pension Plan
                                                                Financial Planning Practice10%- The Personal Financial Planning Process in Canada
                                                                • 1. The Six Steps of the Financial Planning Process
                                                                  • 2. Identifying Client Goals and Risk Profiles
                                                                    • 3. Client Responsibilities and Professional Standards
                                                                      • 4. The Financial Planning Business Today
                                                                        • 5. Ethics and Financial Advisors
                                                                          Savings Planning and Debt Management10%- Debt Planning and Mortgages
                                                                          • 1. Lease-versus-Buy Decisions and Borrowing to Invest
                                                                            • 2. Mortgage Planning and Real Estate Ownership
                                                                              • 3. Debt Refinancing and Debt Service Ratios
                                                                                • 4. Consumer Credit and Debt Management
                                                                                  - Net Worth and Cash Management Planning
                                                                                  • 1. Budgeting and Savings Strategies
                                                                                    • 2. Emergency Funding
                                                                                      • 3. Net Worth and Cash Flow Analysis
                                                                                        Insurance Planning10%- Disability and Health Insurance
                                                                                        • 1. Government Disability Benefits and Workers' Compensation
                                                                                          • 2. Disability Income Insurance
                                                                                            • 3. Critical Illness and Long-Term Care Insurance
                                                                                              • 4. Extended Health, Travel and Group Insurance
                                                                                                - Life Insurance
                                                                                                • 1. Life Insurance Needs Analysis
                                                                                                  • 2. Personal and Business Applications of Life Insurance
                                                                                                    • 3. Insurance Contract Provisions, Riders and Taxation
                                                                                                      - General Insurance
                                                                                                      • 1. Liability and Professional Liability Insurance
                                                                                                        • 2. Homeowners and Automobile Insurance
                                                                                                          Family Law15%- Fundamental Aspects of Family Law
                                                                                                          • 1. Marriage, Cohabitation, Separation and Divorce
                                                                                                            • 2. Spousal Support and Child Support
                                                                                                              • 3. Custody and Access
                                                                                                                - Financial and Property Issues
                                                                                                                • 1. Disclosure Requirements and Financial Obligations
                                                                                                                  • 2. Property Division on Relationship Breakdown
                                                                                                                    • 3. Impact of Divorce on Financial Planning
                                                                                                                      • 4. Domestic Contracts

                                                                                                                        The FP2 Exam, Explained: Common Questions

                                                                                                                        Three full versions of the 62 practice questions for the CSI Financial Planning II (FPII) exam, all in one moderately priced package: a printable, expert-prepared PDF with instant download; a Desktop Test Engine for Windows that simulates the real exam with two practice modes and works offline; and an Online Test Engine for any browser on Windows, Mac, Android, and iOS with test history and performance review. You also receive a free demo, 365 days of free updates, a 50% renewal discount afterward, and unlimited computer installations.

                                                                                                                        The passing score for the CSI Financial Planning II (FPII) exam is 60%, and registration runs Not separately specified; course enrolment options are CAD 800 (online with PDF textbook) and CAD 875 (online with hard-copy textbook). Retakes mean paying again, so it pays to check your readiness first — the PassCollection engines show your level honestly before you book.

                                                                                                                        CSI recommends these training resources for the CSI Financial Planning II (FPII) exam:

                                                                                                                          Combine the official training with the 62 practice questions from PassCollection — the questions reveal how well the training actually settled.

                                                                                                                          The CSI Financial Planning II (FPII) exam gives you 180 minutes to answer 60. Time management is part of the test — rehearse with the timed mode in the PassCollection Desktop Test Engine until pacing becomes automatic.

                                                                                                                          Yes, under written conditions. Take the CSI Financial Planning II (FPII) exam within 60 days of purchase, and if you do not pass, PassCollection refunds you in full. The policy does not apply if the exam is taken within 3 days of purchase, if the exam was never actually taken, or to free materials or expired orders, and the candidate name must match the payer name. Submit a scan of your enrollment slip and the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Alternatively, exchange for two free exam products of equal value while keeping your original update service. Orders are delivered by email within 1 minute — if nothing arrives within 2 hours, contact support.

                                                                                                                          The FP2 exam is an official CSI certification exam covering the CSI Financial Planning II (FPII) syllabus detailed above. It counts toward these credentials: Personal Financial Planner (PFP), Certificate in Advanced Financial Advice, Personal Financial Services Advice (PFSA), Financial Planning I (FP I). As the certification grows more important in its field, the exam stays demanding — which is exactly why structured practice matters. PassCollection prepares you with 62 practice questions in PDF, Desktop Test Engine, and Online Test Engine formats.

                                                                                                                          Proctored examination, available remotely or in person at a test centre. The official exam page specifies a 3-hour duration, 60 multiple-choice questions, a passing grade of 60%, and up to 3 attempts. Sign up for the CSI Financial Planning II (FPII) exam through these official channels:

                                                                                                                            Booked? Your PassCollection practice questions arrive by email within 1 minute, so the countdown to exam day can start immediately.

                                                                                                                            The course builds on Personal Financial Services Advice (PFSA) and Financial Planning I (FP I). Confirm current enrolment eligibility and any formal prerequisites directly with CSI. Since policies evolve, confirm the current requirements on the official CSI exam page before scheduling.

                                                                                                                            The official CSI Financial Planning II (FPII) outline defines 8 content domains. The three heaviest are Retirement Planning (20%), Financial Planning Practice (10%), and Investment and Tax Planning (10%). The full list is in the topics section above, and the 62 practice questions at PassCollection cover each domain.

                                                                                                                            CSI Financial Planning II (FPII) Sample Questions:

                                                                                                                            Question #1

                                                                                                                            William and Sage entered into a contract for Sage to purchase a building from William in three months' time, but the building had a fire and burned down after two months. What defense would best support the termination of this contractual relationship?

                                                                                                                            • A. Breach of term.
                                                                                                                            • B. Frustration.
                                                                                                                            • C. Operation of law.
                                                                                                                            • D. Performance.
                                                                                                                            Reveal Solution  Discussion  0

                                                                                                                            Correct Answer: B  🗳️

                                                                                                                            Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).

                                                                                                                            Question #2

                                                                                                                            A Canadian resident, age 57, is self-employed and earns $74,000 in yearly income. The year's basic exemption and maximum pensionable earnings are $3,500 and $61,600, respectively. Assuming a contributory rate of 5.45%, how much will the resident pay in Canada Pension Plan premiums (rounded to the nearest dollar)?

                                                                                                                            • A. $6,333.
                                                                                                                            • B. $3,357.
                                                                                                                            • C. $3,166.
                                                                                                                            • D. $6,714.
                                                                                                                            Reveal Solution  Discussion  0

                                                                                                                            Correct Answer: A  🗳️

                                                                                                                            Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).

                                                                                                                            Question #3

                                                                                                                            The rights to spousal support for unmarried spouses is established by which legislative document?

                                                                                                                            • A. Divorce Act.
                                                                                                                            • B. Civil Marriage Act.
                                                                                                                            • C. British North America Act.
                                                                                                                            • D. Family Law Act.
                                                                                                                            Reveal Solution  Discussion  0

                                                                                                                            Correct Answer: D  🗳️

                                                                                                                            Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).

                                                                                                                            Question #4

                                                                                                                            What is the primary difference between a Life Income Fund (LIF) and a Registered Retirement Income Fund (RRIF)?

                                                                                                                            • A. Minimum LIF payments are fully taxable as income for the year in which they are received but minimum RRIF payments are not taxable.
                                                                                                                            • B. All plan holders must purchase a life annuity in the year they reach 80 with the balance of funds remaining in the LIF.
                                                                                                                            • C. RRIFs may be purchased with a registered retirement savings plan, another RRIF or pension funds that are not locked-in, but a LIF can only be purchased with funds from a retirement compensation arrangement.
                                                                                                                            • D. Plan holders of either type must make minimum withdrawals each year, but there is also a maximum annual amount LIF holders may withdraw.
                                                                                                                            Reveal Solution  Discussion  0

                                                                                                                            Correct Answer: D  🗳️

                                                                                                                            Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).

                                                                                                                            Question #5

                                                                                                                            What is the tax treatment on disability assistance payments for Registered Disability Savings Plans?

                                                                                                                            • A. Disability assistance payments are taxed on the grant and income earned portions.
                                                                                                                            • B. Disability assistance payments reduce government-funded disability benefits and tax credits.
                                                                                                                            • C. Disability assistance payments are not taxable income.
                                                                                                                            • D. Disability assistance payments are fully taxable based in the hands of the recipient.
                                                                                                                            Reveal Solution  Discussion  0

                                                                                                                            Correct Answer: A  🗳️

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