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  • Total Questions: 120
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  • Total Questions: 120
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Three formats, zero excuses: ITCertMagic delivers the AFP-Exam-1 question bank as a printable PDF, an offline Windows test engine, and an online engine for any browser. The 120 practice questions behind the CSI Applied Financial Planning Certification Exam 1 (AFP) stay identical — pick whichever screen is in front of you.

CSI AFP-Exam-1 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Technical Competencies84%- Retirement Planning
- Investment Planning
- Tax Planning
- Estate Planning
- Asset and Liability Management
- Risk Management and Insurance
Topic 2: Enabling Competencies16%- Client Relationship and Practice Management
- Professional Conduct and Regulatory Compliance

Everything Candidates Ask About the CSI AFP-Exam-1 Exam

CSI recommends these training resources for the CSI Applied Financial Planning Certification Exam 1 (AFP):

Courses give you the map; practice teaches you to drive. Finish any of the options above, then sharpen your readiness with 120 practice questions from ITCertMagic before you schedule the real thing.

On delivery: the download is available the moment your payment clears, and a copy reaches your email within one minute. If 2 hours pass and nothing arrives, check spam and contact our support team. Install the software on as many computers as you need — there is no device limit.

On outcomes: if you take the AFP-Exam-1 exam within 60 days of purchase and do not pass, the ITCertMagic money back guarantee applies. File your claim within 2 days of the exam with a scanned enrollment slip and the official score report (PDF); claims are processed within 7 days. The candidate name must match the payer name, and the policy excludes exams taken within 3 days of purchase, purchases never used in an actual exam attempt, free materials, and expired orders. Alternatively, you can exchange the product for two free exam packages of equal value and keep the update service on your original purchase.

The AFP-Exam-1 exam gives you 180 minutes to work through 105 questions. That pace punishes perfectionism — the candidates who struggle are usually the ones who burned ten minutes on one stubborn item. Train the skill directly: take timed, full-length mocks in the ITCertMagic desktop or online test engine, practice skipping and returning, and walk in with a pacing strategy you have already tested.

Completion of all courses within one of the approved PFP® education paths

Vendor requirements do change, so before you commit to an exam date, confirm the latest eligibility rules on the official CSI exam page.

The CSI Applied Financial Planning Certification Exam 1 (AFP) syllabus is split into 2 domains, anchored by Technical Competencies (84%), Enabling Competencies (16%). The full breakdown sits in the syllabus section above — treat it as the checklist that decides where your study hours go.

The passing mark for the AFP-Exam-1 exam is 60%, and the official registration fee is CAD $695 - $795. Remember that the fee covers a single attempt — fail, and the retake costs the same again with no loyalty discount. Protect the budget by self-testing first: drill 120 practice questions at ITCertMagic under timed conditions until your scores clear the bar with margin, then register.

The AFP-Exam-1 exam, officially the Applied Financial Planning Certification Exam 1 (AFP), is CSI's benchmark for proving you can work with its technologies in professional settings; passing it awards the Applied Financial Planning (AFP) Certification certification, which sits at the Professional level. Because the credential is issued by the vendor itself, it carries weight with employers that self-assessed skills simply cannot match. It also opens the road toward Personal Financial Planner (PFP®), AFP Exam 2.

Yes — ITCertMagic publishes a free PDF demo of the AFP-Exam-1 materials so you can check the question quality and verified answers before paying anything. Once you purchase, 365 days of free updates come standard, and if your product expires you can renew the update service at a 50% discount from your member zone.

Registration for the CSI Applied Financial Planning Certification Exam 1 (AFP) runs through the official channels below:

Worth knowing before you book: the AFP-Exam-1 exam is delivered Online remote proctored or in-person at authorized test centers.

CSI Applied Financial Planning Certification Exam 1 (AFP) Sample Questions:

In order to increase the assets in Rebecca's retirement savings, her financial planner is considering making a number of recommendations. Prior to obtaining her current employment, she withdrew funds from her RRSP under the Lifelong Learning Plan to upgrade her skills. She has four annual installments remaining on her Lifelong Learning Plan withdrawal and a small amount of savings in a TFSA. Rebecca now works as a sales associate in a small clothing store that has a group RRSP program for all employees which matches employee contributions. Which recommendation provides the best long-term impact to grow her retirement savings?

  • A. While keeping within her risk tolerance, maximize the equity component of her RRSP and TFSA plans in order to achieve significantly better returns over time.
  • B. Transfer her existing TFSA savings to her RRSP and start a monthly contribution plan.
  • C. Enroll in her company's group RRSP program and start a monthly contribution.
  • D. Repay the final four annual installments remaining on her Lifelong Learning Plan and start a monthly contribution plan to her RRSP.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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A high-income parent gives $80,000 to a 12-year-old child to invest in a non-registered bond fund. The parent expects the child to report the annual interest income. What rule should the planner identify?

  • A. The income is always taxed to the child because the account is in the child's name.
  • B. Attribution rules may tax the interest income back to the parent.
  • C. Attribution rules apply only when property is transferred to a spouse.
  • D. The child must contribute the amount to an RRSP.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Francois and Brigitte are meeting with their financial planner, Robin. They would like to ensure that if one of them were to die suddenly that their mortgage would be paid in full. Their current mortgage has an outstanding balance of $400,000 with 10 years remaining. The couple are in good health and have a well- balanced financial plan that focuses on debt reduction and savings. Which type of insurance policy should Robin recommend to assist the couple in meeting their objective?

  • A. Joint 10-year term first-to-die policy.
  • B. Joint 10-year term last-to-die policy.
  • C. Joint whole life last-to-die policy.
  • D. Joint whole life first-to-die policy.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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What information is least important for Harry as a financial planner in his assessment for insurance coverage for his client with respect to estate planning purposes?

  • A. Age.
  • B. Income.
  • C. FMV of non-principal residence.
  • D. Work location.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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

Which statement best distinguishes a defined benefit pension plan from a defined contribution pension plan?

  • A. A defined contribution plan guarantees the final lifetime pension amount.
  • B. A defined contribution plan eliminates investment and longevity risk for the member.
  • C. A defined benefit plan generally provides a formula-based pension benefit.
  • D. A defined benefit plan has no employer involvement.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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