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CSI FP2 exam : Financial Planning II (FPII)

FP2 Exam Questions
  • Exam Code: FP2
  • Exam Name: Financial Planning II (FPII)
  • Updated: Oct 09, 2026
  • Q & A: 62 Questions and Answers
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24/7 help with patience and a hearty attitude — get rid of anxiety and focus on reviewing. The CSI Financial Planning II (FPII) training pdf at TorrentExam: 62 practice questions for the FP2 exam in 2026.

CSI FP2 Exam Overview:

Certification Vendor:Canadian Securities Institute (CSI)
Exam Name:Financial Planning II (FPII)
Exam Number:FP2
Passing Score:60%
Exam Duration:180 minutes
Real Exam Qty:60
Available Languages:English
Exam Price:Not separately specified; course enrolment options are CAD 800 (online with PDF textbook) and CAD 875 (online with hard-copy textbook)
Exam Format:Up to 3 attempts, One examination, Proctored examination, Remote online or in-person at a test centre, Multiple-choice
Certificate Validity Period:Not applicable as a standalone certification; successful completion provides a Notice of Course Completion. Course enrolment period: 1 year.
Related Certifications:Personal Financial Services Advice (PFSA)
Financial Planning I (FP I)
Certificate in Advanced Financial Advice
Personal Financial Planner (PFP)
Sample Questions:CSI FP2 exam demo
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
Family Law15%- Fundamental Aspects of Family Law
  • 1. Spousal Support and Child Support
    • 2. Custody and Access
      • 3. Marriage, Cohabitation, Separation and Divorce
        - Financial and Property Issues
        • 1. Domestic Contracts
          • 2. Disclosure Requirements and Financial Obligations
            • 3. Property Division on Relationship Breakdown
              • 4. Impact of Divorce on Financial Planning
                Insurance Planning10%- General Insurance
                • 1. Liability and Professional Liability Insurance
                  • 2. Homeowners and Automobile Insurance
                    - 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. Insurance Contract Provisions, Riders and Taxation
                                • 3. Personal and Business Applications of Life Insurance
                                  Savings Planning and Debt Management10%- Debt Planning and Mortgages
                                  • 1. Mortgage Planning and Real Estate Ownership
                                    • 2. Lease-versus-Buy Decisions and Borrowing to Invest
                                      • 3. Consumer Credit and Debt Management
                                        • 4. Debt Refinancing and Debt Service Ratios
                                          - Net Worth and Cash Management Planning
                                          • 1. Budgeting and Savings Strategies
                                            • 2. Emergency Funding
                                              • 3. Net Worth and Cash Flow Analysis
                                                Retirement Planning20%- Registered Pension and Retirement Income Plans
                                                • 1. Annuities and Retirement Income Products
                                                  • 2. Registered Retirement Income Funds and Life Income Funds
                                                    • 3. Registered Retirement Savings Plans
                                                      • 4. Individual Pension Plans and Executive Retirement Arrangements
                                                        • 5. Registered Pension Plans and Deferred Profit Sharing Plans
                                                          - Retirement Income Needs Analysis
                                                          • 1. Old Age Security and Guaranteed Income Supplement
                                                            • 2. Estimating Retirement Income Requirements
                                                              • 3. Canada Pension Plan and Quebec Pension Plan
                                                                • 4. Managing Retirement Income Shortfalls
                                                                  Financial Planning for Small Business15%- Small Business Financial Planning
                                                                  • 1. Business Structures and Entity Selection
                                                                    • 2. Business Taxation
                                                                      • 3. Business Succession and Estate Freezes
                                                                        • 4. Business Valuation and Employment Law
                                                                          - Business Law and Agency Relationships
                                                                          • 1. Agency Relationships
                                                                            • 2. Contract Formation and Types of Contracts
                                                                              • 3. Contract Termination and Discharge
                                                                                Investment and Tax Planning10%- Investment Management
                                                                                • 1. Investment Selection and Risk Management
                                                                                  • 2. Portfolio Performance Measurement and Benchmarking
                                                                                    • 3. Modern Portfolio Theory and Asset Allocation
                                                                                      - Tax Planning Strategies
                                                                                      • 1. Taxation of Business Structures
                                                                                        • 2. Tax Shelters and Tax-Efficient Strategies
                                                                                          • 3. RESPs, RDSPs, TFSAs and In-Trust Accounts
                                                                                            • 4. Income Deferral and Income Splitting
                                                                                              Estate Planning10%- Trusts and Powers of Attorney
                                                                                              • 1. Incapacity Planning and Substitute Decision-Making
                                                                                                • 2. Types of Trusts and Trust Establishment
                                                                                                  • 3. Taxation of Trusts
                                                                                                    • 4. Powers of Attorney for Personal Care and Property
                                                                                                      - Estate Distribution and Tax Planning
                                                                                                      • 1. Will Preparation and Probate
                                                                                                        • 2. Minimizing or Deferring Taxes at Death
                                                                                                          • 3. Probate Fee and Estate Administration Cost Reduction
                                                                                                            • 4. Estate Planning for Individuals, Families and Business Owners
                                                                                                              Financial Planning Practice10%- The Personal Financial Planning Process in Canada
                                                                                                              • 1. Identifying Client Goals and Risk Profiles
                                                                                                                • 2. The Six Steps of the Financial Planning Process
                                                                                                                  • 3. The Financial Planning Business Today
                                                                                                                    • 4. Ethics and Financial Advisors
                                                                                                                      • 5. Client Responsibilities and Professional Standards

                                                                                                                        FP2 Exam FAQ — Get Acquainted

                                                                                                                        Upon successful payment, our system emails the CSI Financial Planning II (FPII) study material automatically within about a minute, with 24/7 patient help if nothing arrives within 2 hours. If you fail the corresponding FP2 exam within 60 days of purchase, we refund the full amount: send a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam, processed within 7 days. Excluded: exams within 3 days of purchase, candidate names that don't match the payer, and free or expired products. Or exchange for two equal-value products free.

                                                                                                                        The CSI Financial Planning II (FPII) blueprint spans 8 domains — including Estate Planning (10%), Financial Planning for Small Business (15%), Retirement Planning (20%). Our experts analyze this outline and notice every little change; the complete outline above lists every subtopic.

                                                                                                                        The CSI Financial Planning II (FPII) is CSI's certification exam for Canadian Securities Course, at the Advanced level. One useful certificate can exert real influence on your future. Related credentials include Personal Financial Planner (PFP), Certificate in Advanced Financial Advice, Personal Financial Services Advice (PFSA), Financial Planning I (FP I).

                                                                                                                        Not separately specified; course enrolment options are CAD 800 (online with PDF textbook) and CAD 875 (online with hard-copy textbook) per attempt, 60% to pass. Retakes cost the full fee — practice regularly with the 62 practice questions for the FP2 exam at TorrentExam before you book.

                                                                                                                        180 minutes for 60 questions. Regular timed practice in the TorrentExam engine makes the format familiar long before exam day.

                                                                                                                        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. Eligibility rules change over time, so verify the current requirements on the official page (official FP2 exam page) before registering.

                                                                                                                        Yes — under each kind of CSI Financial Planning II (FPII) practice test we offer one free demo, including a real part of the content; look through it thoroughly before ordering. Purchases include 365 days of free updates by email; renew afterward at 50% off.

                                                                                                                        CSI Financial Planning II (FPII) Sample Questions:

                                                                                                                        Question #1

                                                                                                                        If an employee earns more than the yearly maximum pensionable earnings, but an employer continues to deduct Canada Pension Plan contributions, what will happen to the excess contributions?

                                                                                                                        • A. The employer will receive the excess contributions back to apply to the next year's contribution period.
                                                                                                                        • B. The employee will receive the excess contributions as a refund on their tax return.
                                                                                                                        • C. The employee can elect to transfer the excess contributions to a Registered Retirement Savings Plan.
                                                                                                                        • D. The employer must return the excess contributions to the employee as a taxable benefit.
                                                                                                                        Reveal Solution  Discussion  0

                                                                                                                        Correct Answer: B  🗳️

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                                                                                                                        Question #2

                                                                                                                        Genki is reviewing the following portfolios:
                                                                                                                        * Portfolio W earns 18% with a standard deviation of 25%.
                                                                                                                        * Portfolio X earns 19% with a standard deviation of 30%.
                                                                                                                        * Portfolio Y earns 21% with a standard deviation of 20%.
                                                                                                                        * Portfolio Z earns 23% with a standard deviation of 22%.
                                                                                                                        The risk-free rate is 6%. Which portfolio performs the best on a risk-adjusted basis?

                                                                                                                        • A. Portfolio Y.
                                                                                                                        • B. Portfolio Z.
                                                                                                                        • C. Portfolio X.
                                                                                                                        • D. Portfolio W.
                                                                                                                        Reveal Solution  Discussion  0

                                                                                                                        Correct Answer: B  🗳️

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                                                                                                                        Question #3

                                                                                                                        What is the maximum of the payor spouse's net income that may be deducted to fulfil child support obligations?

                                                                                                                        • A. 60%.
                                                                                                                        • B. 50%.
                                                                                                                        • C. 40%.
                                                                                                                        • D. 33%.
                                                                                                                        Reveal Solution  Discussion  0

                                                                                                                        Correct Answer: B  🗳️

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                                                                                                                        Question #4

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

                                                                                                                        Correct Answer: B  🗳️

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

                                                                                                                        Question #5

                                                                                                                        The Spousal Support Advisory Guidelines are not intended to apply under which circumstance?

                                                                                                                        • A. For annual incomes greater than $350,000.
                                                                                                                        • B. For unmarried couples.
                                                                                                                        • C. For married couples.
                                                                                                                        • D. For annual incomes less than $50,000.
                                                                                                                        Reveal Solution  Discussion  0

                                                                                                                        Correct Answer: A  🗳️

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