CPA Canada has now released the 2024 Professional Education Program (PEP) and Common Final Exam (CFE) exam pass rates. The 2025 pass rates will be released in February 2026.
2024 CFE Pass Rates
Below are the official exam pass rates as reported by CPA Canada.
The 2024 CFE pass rate is 67.3%.
|
CFE Offering |
Cumulative Pass Rates |
||
|
First Attempt |
Second Attempt |
Third Attempt |
|
|
May and September 2024* |
67.3% |
n/a |
n/a |
|
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 2024, 2023, 2022 and 2021, there were two offerings of the CFE. The 67.3%, 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.
There is a decrease of 1-3% year-over-year, with 2024 CFE pass rate the lowest on record.
2024 Professional Education Program (PEP) Pass Rates
Below are the updated 2024 PEP exam pass rates:
|
CPA PEP Module |
2024 Pass Rate |
2023 Pass Rate |
2022 Pass Rate |
2021 Pass Rate |
2020 Pass Rate |
2019 Pass Rate |
|
Core 1 |
71.9% |
72.1% |
74.0% |
77.1% |
81.9% |
79.4% |
|
Core 2 |
80.4% |
78.4% |
82.5% |
85.3% |
86.2% |
84.3% |
|
Taxation |
86.8% |
87.6% |
87.5% |
88.1% |
88.0% |
88.1% |
|
Assurance |
88.1% |
87.6% |
89.7% |
90.5% |
89.1% |
89.2% |
|
PM |
87.1% |
90.2% |
89.5% |
90.9% |
90.7% |
90.6% |
|
Finance |
84.8% |
87.1% |
87.2% |
89.1% |
89.0% |
89.9% |
There is a minor increase in the Core 2 and Assurance module pass rates in 2024, with Core 2 pass rate of 80.4% and Assurance at 88.1%. Core 1 and Tax remained mostly flat at 71.9% and 86.8%, respectively, while PM and Finance pass rates dropped by 2-3% in 2024.
PEP and CFE Exam Coaching
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