CSI AFP-Exam-1 : Applied Financial Planning Certification Exam 1 (AFP)

  • Exam Code: AFP-Exam-1
  • Exam Name: Applied Financial Planning Certification Exam 1 (AFP)
  • Updated: Nov 08, 2026
  • Q & A: 120 Questions and Answers

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About CSI AFP-Exam-1 Exam Questions

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CSI AFP-Exam-1 Exam Overview:

Certification Vendor:Canadian Securities Institute (CSI)
Exam Name:CSI Applied Financial Planning Certification Exam 1 (AFP)
Exam Number:AFP-Exam-1
Available Languages:English, French
Exam Format:Case-based questions, Multiple choice
Recommended Training:CSI Learning Resources
Exam Registration:CSI Official Registration Portal
Sample Questions:Free Download real AFP-Exam-1 actual tests
Exam Way:Computer-based proctored exam (online or authorized test centre)
Pre Condition:Enrollment in the CSI Applied Financial Planning (AFP) program or equivalent eligibility as defined by CSI
Official Syllabus URL:https://www.csi.ca

CSI AFP-Exam-1 Exam Syllabus Topics:

SectionObjectives
Topic 1: Taxation Concepts- Personal income tax principles
- Tax-efficient investment strategies
Topic 2: Investment Planning- Investment products and risk-return profiles
- Asset allocation and portfolio basics
Topic 3: Financial Planning Foundations- Ethics and professional standards in financial advising
- Financial planning process and client relationship management
Topic 4: Retirement Planning- Retirement savings vehicles and planning principles
Topic 5: Insurance and Risk Management- Life and health insurance fundamentals
- Risk mitigation strategies in financial planning

CSI AFP-Exam-1 Exam — Everything You Are Wondering

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The CSI Applied Financial Planning Certification Exam 1 (AFP) syllabus spans 5 domains, headlined by Investment Planning, Taxation Concepts, and Insurance and Risk Management. The full weighted outline is in the syllabus section above — our materials strictly follow it, and so should your study plan.

For the CSI Applied Financial Planning Certification Exam 1 (AFP), CSI recommends these training resources:

Training courses teach the material; repeated practice makes it stick. Add 120 practice questions from BraindumpsPrep to either option and key knowledge moves from short-term memory to exam-ready reflex.

The AFP-Exam-1 exam — formally the Applied Financial Planning Certification Exam 1 (AFP) — is CSI's certification exam for validating professional skills with its technologies; passing it earns the Applied Financial Planning (AFP) certification, a Professional-level credential. It is popular among job seekers for a simple reason: employers trust vendor-issued proof of skill.

You can book the CSI Applied Financial Planning Certification Exam 1 (AFP) through these official channels:

One scheduling note: the AFP-Exam-1 exam is delivered Computer-based proctored exam (online or authorized test centre) — keep that in mind when choosing your session.

Enrollment in the CSI Applied Financial Planning (AFP) program or equivalent eligibility as defined by CSI

Vendor policies change from time to time, so before scheduling, confirm the current criteria on the official CSI exam page.

Yes — BraindumpsPrep offers a free PDF demo of the AFP-Exam-1 practice questions so you can evaluate the content quality and verified answers before paying anything. Once you purchase, 365 days of free updates are included, and if the product expires, the update service renews at a 50% discount from your member zone.

CSI Applied Financial Planning Certification Exam 1 (AFP) Sample Questions:

Question #1

Dianna has just taken a 20-year mortgage and wants insurance only to ensure the mortgage can be repaid if she dies during that period. She is considering whole life insurance. What should her planner most likely explain?

  • A. Critical illness insurance replaces life insurance for mortgage protection.
  • B. Whole life is always cheaper for temporary mortgage needs.
  • C. Term insurance is generally better aligned with a temporary liability.
  • D. No insurance is needed if the mortgage is insured by the lender.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

A business owner completes an estate freeze, taking back preferred shares with a fixed redemption value while children receive common shares. What is a primary risk of this strategy for the owner?

  • A. No future growth can occur in the corporation.
  • B. The children can never benefit from future growth.
  • C. The owner's retained preferred shares may not provide adequate income or inflation protection.
  • D. The freeze automatically eliminates all tax at death.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #3

Demario, age 29, has started his own professional practice. He is single, has a mortgage, and his future earning power is his largest asset. Which insurance should receive priority?

  • A. Joint last-to-die life insurance.
  • B. Travel medical insurance only.
  • C. Disability insurance.
  • D. Whole life insurance for estate equalization.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #4

Ivan has been relocated to a new office by his employer and is considering moving to a home closer to his new workplace. What is the minimum distance Ivan will have to move in order to qualify for the work-related moving expenses income tax deduction?

  • A. 15 kilometers.
  • B. 25 kilometers.
  • C. 40 kilometers.
  • D. 60 kilometers.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

Robert is meeting with his wealth advisor to review options to put a plan in place to save for his children's education. He has a daughter, age seven, and a disabled son, age four Robert would like to maximize his savings towards this goal, ensure the strategy is tax efficient and utilize available grants. Which option is most appropriate for Robert's plan?

  • A. Establish individual RESP for his children
  • B. Establish a group RESP and start contributions
  • C. Set up an education purpose trust account for both beneficiaries with a lump-sum investment
  • D. Establish a family RESP and start contributions
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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