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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