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

AFP-Exam-1 real exams

Exam Code: AFP-Exam-1

Exam Name: Applied Financial Planning Certification Exam 1 (AFP)

Updated: Jul 24, 2026

Q & A: 120 Questions and Answers

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CSI AFP-Exam-1 Exam Syllabus Topics:

SectionWeightObjectives
Tax Planning14%- Tax-Efficient Strategies
- Registered Plans
- Income Tax Fundamentals
- Tax Deductions and Credits
Client Relationship and Practice Management6%- Client Discovery
- Communication and Advisory Process
- Practice Management
Risk Management and Insurance12%- Life Insurance
- Disability and Health Insurance
- Risk Assessment
- Risk Transfer Strategies
Retirement Planning17%- Registered Retirement Savings Plans
- Pension Plans
- Retirement Needs Analysis
- Retirement Income Strategies
Asset and Liability Management11%- Cash Flow Management
- Personal Balance Sheet Analysis
- Budgeting
- Debt Management
Professional Conduct and Regulatory Compliance10%- Regulatory Requirements
- Ethics and Professional Standards
- Compliance Responsibilities
Estate Planning13%- Estate Transfer Strategies
- Powers of Attorney
- Trust and Beneficiary Planning
- Wills
Investment Planning17%- Investment Theory
- Portfolio Construction
- Asset Allocation
- Investment Products

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

1. Rob, age 42, is married with three children in elementary school. He works as an operations supervisor at a small manufacturing company, earning $70,000 annually. Rob asks his financial planner, Wendy, to liquidate his GIC investments worth $55,000 in order to use the sale proceeds to purchase a gold stock referred to him by his friend who expects the stock to appreciate significantly. Rob has not purchased stock before. What should be Wendy's reaction to Rob's query?

A) Refuse the order and tell Rob to manage his own investments.
B) Delay placing the order, advise Rob to take some time to reconsider.
C) Refrain from questioning Rob's judgment because the order is unsolicited.
D) Review Rob's risk tolerance, time horizon, and objectives.


2. 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 a family RESP and start contributions
B) Set up an education purpose trust account for both beneficiaries with a lump-sum investment
C) Establish individual RESP for his children
D) Establish a group RESP and start contributions


3. Maya, a financial planner, is meeting with a new client who was recently referred to her. In determining the client's overall risk tolerance, what qualitative data should Maya capture as part of her process?

A) Annual earnings data.
B) Personal net worth statement.
C) Stock option plan details.
D) Past investment experiences.


4. Lois is reviewing her client Raj's retirement plan. To stay on track, Raj's TFSA (with a current balance of
$10,000) will need to be worth $42,000 in five years. Raj is able to contribute his annual bonus of $5,000 at the end of each year. For Raj to stay on plan, what rate of return does Lois need to be targeting?

A) 5.64%.
B) 5.71%.
C) 6.36%.
D) 7.67%.


5. Two shareholders sign a buy-sell agreement requiring the surviving shareholder to purchase the deceased shareholder's shares at fair market value. What planning tool most directly funds the death-triggered purchase obligation?

A) Corporate-owned or cross-owned life insurance.
B) Travel accident insurance.
C) A personal line of credit in the surviving shareholder's name only.
D) A shareholder RRSP.


Solutions:

Question # 1
Answer: D
Question # 2
Answer: A
Question # 3
Answer: D
Question # 4
Answer: C
Question # 5
Answer: A

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