CPA Canada 2023 Pass Rates Released

CPA Canada has now released the 2023 PEP and CFE exam pass rates. The 2024 pass rates will be released in February 2025.

2023 CFE Pass Rates

Below are the official exam pass rates as reported by CPA Canada:

CFE Offering

Cumulative Pass Rates

First Attempt

Second Attempt

Third Attempt

May and September 2023*

70.5%

n/a

n/a

May and September 2022*

71.3%

n/a

n/a

May and September 2021*

73.6%

n/a

n/a

September 2020

75.8%

n/a

n/a

September 2019

76.3%

87.4%

n/a

September 2018

77.6%

87.5%

90.8%

September 2017

77.6%

88.1%

90.6%

September 2016

76.8%

88.6%

91.4%

May 2016

68.7%

75.4%

79.9%

September 2015

82.9%

94.6%

96.6%

*In 2023, 2022 and 2021, there were two offerings of the CFE. The 70.5%, 71.3% and 73.6% pass rates are the combined averages of the first-time writers in both the May and September CFEs. Overall, there is a decrease of 1-2% year-over-year, with 2023 CFE pass rate of 70.5%.

2023 PEP Pass Rates

CPA PEP Module

2023 Pass Rate

2022 Pass Rate

2021 Pass Rate

2020 Pass Rate

2019 Pass Rate

Core 1

72.1%

74.0%

77.1%

81.9%

79.4%

Core 2

78.4%

82.5%

85.3%

86.2%

84.3%

Taxation

87.6%

87.5%

88.1%

88.0%

88.1%

Assurance

87.6%

89.7%

90.5%

89.1%

89.2%

PM

90.2%

89.5%

90.9%

90.7%

90.6%

Finance

87.1%

87.2%

89.1%

89.0%

89.9%

There is a notable decrease in Core 1, Core 2 and Assurance pass rates, while other PEP modules stayed flat in 2023.

PEP and CFE Exam Coaching

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