CPA Canada has now released the 2025 Professional Education Program (PEP) and Common Final Exam (CFE) exam pass rates. The 2026 pass rates will be released in February 2027.
2025 CFE Pass Rates
Below are the official exam pass rates as reported by CPA Canada.
The 2025 CFE pass rate is 69.8%.
|
CFE Offering |
Cumulative Pass Rates |
||
|
First Attempt |
Second Attempt |
Third Attempt |
|
|
May and September 2025* |
69.8% |
n/a |
n/a |
|
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 2025, 2024, 2023, 2022 and 2021, there were two offerings of the CFE. The 69.8%, 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.
The 2025 pass rate increased 2% versus the 2024 CFE which was the lowest pass rate on record at 67.3%.
2025 Professional Education Program (PEP) Pass Rates
Below are the updated 2025 PEP exam pass rates:
|
CPA PEP Module |
2025 Pass Rate |
2024 Pass Rate |
2023 Pass Rate |
2022 Pass Rate |
2021 Pass Rate |
2020 Pass Rate |
2019 Pass Rate |
|
Core 1 |
72.4% |
71.9% |
72.1% |
74.0% |
77.1% |
81.9% |
79.4% |
|
Core 2 |
81.8% |
80.4% |
78.4% |
82.5% |
85.3% |
86.2% |
84.3% |
|
Taxation |
87.5% |
86.8% |
87.6% |
87.5% |
88.1% |
88.0% |
88.1% |
|
Assurance |
86.6% |
88.1% |
87.6% |
89.7% |
90.5% |
89.1% |
89.2% |
|
PM |
87.0% |
87.1% |
90.2% |
89.5% |
90.9% |
90.7% |
90.6% |
|
Finance |
83.4% |
84.8% |
87.1% |
87.2% |
89.1% |
89.0% |
89.9% |
The pass rates above are the average rates for first-time writers for the 2025 year (March, June, September, December). There is a minor increase in 2025, compared to 2024, in Core 1, Core 2, and Tax. Assurance and Finance dropped slightly in 2025 and PM was flat.
PEP and CFE Exam Coaching
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