Similar to prior CPA Canada Common Final Exams (CFEs), the May 2025 CFE had two Day 1, one Day 2 and three Day 3 cases.
The following Day 1 cases were tested:
- Neptune Point Fisheries Inc. (NPF) v2
- Viviana’s Trattoria Ltd. (VTL) v1
The following Day 2 and Day 3 cases were tested:
- Day 2
- Keats Learning Institute (KLI) (300 minutes)
- Day 3
- Lazy Guest Ranch Inc. (Lazy Ranch)
- Ocean Brewing Inc. (OBI)
- LeBlanc Asphalt Paving Inc (LeBlanc)
For the September 2025 CFE, the following Day 1 cases were tested:
- Amuzu Parks Inc. (API) v2
- Meadowlark Entertainment Inc. (MEI) v1
For the June 2026* CFE, the following Day 1 cases will be tested:
- Karnat Bread Company Ltd. (KBC) v1
- Viviana’s Trattoria Ltd. (VTL) v2
*(Note: Usually CFEs are in May and September. For 2026, the May 2026 CFE has been delayed to June [June 2 to June 4], so it’s referred to as June 2026 CFE in this post.)
For the September 2026 CFE, the following Day 1 cases will be tested:
- Singular Textiles Corporation (STC) v1
- Meadowlark Entertainment Inc. (MEI) v2
There is no CFE in May 2027.
For the September 2027 CFE, the following Day 1 cases will be tested:
- Singular Textiles Corporation (STC) v2
- TBD, new case v1
Where can I get the solutions?
The solutions for May 2025 CFE exam cases, including the solution to Viviana’s Trattoria Ltd. (VTL) v1, will NOT be released by CPA Canada until later. In the interim, I have written sample answers to help you prepare for the June 2026 CFE.
Now available to download as PDF and Excel, you can obtain them from here.
Will I get these cases in Capstone 2?
If you are registered for the Capstone 2 module, you will NOT receive these cases at the module. You should download using the links above. If you are someone challenging the exam, such as an internationally trained accountant applying under MRA/MOU, please also download using the links above.
How do I prepare for the CFE?
There are several prep methods for the CFE. You will need to focus on these three items:
- Technical knowledge
- Case writing skills
- Strategy
I speak a lot about these items on my YouTube channel and webinars. You can check out my latest webinar.
Technicals:
- Know the key topics on each of the competencies
- Distinguish depth from breadth
- Debrief
Case writing skills:
- It’s all about following the CPA Way
- Know your case inside out
- Integrate throughout the case
Strategy:
- Prepare a study plan
- Obtain study materials
- Get support and resources
Pass the CPA Canada CFE Exam
We are Gevorg CPA Coaching Team. To get help with passing your exams, sign up for CPA CFE Review Course, for a comprehensive prep package.
