FP Canada’s revenue exceeded expenses in its past fiscal year — a positive year-over-year turnaround as fees from certification and education both increased.
The certification body had excess revenue over expenses of $1.5 million for the year ended March 31, 2025, compared to an excess of expenses over revenue of about $531,000 in fiscal 2023–2024, according to recently posted 2024–25 financial statements.
Revenue was $16.5 million, up from $15 million in fiscal 2023–24, with certification fees accounting for $11 million in revenue, up from $10.4 million. Certification fees also accounted for a slightly smaller proportion of revenue than in the past two fiscal years (67%, versus 70% the past two years). Revenue from education program fees was $2.9 million, up from $2.1 million the previous year — a 38% year-over-year increase.
Expenses were $15.8 million, down from $16.4 million in 2023–24 when FP Canada invested in its technical education, which it took in-house in 2023, and the education for its qualified associate financial planner designation.
In fiscal 2024–25, FP Canada continued to invest in pre-certification education, as well as continuing education (CE), digital transformation and its student pipeline, the financial statements say.
The certification body recently announced it would offer study resources for prospective investment dealer reps under the Canadian Investment Regulatory Organization’s new exam-based proficiency — a way to engage with people earlier in their careers. FP Canada also acquired Learning Partner’s CE courses in February, and in 2025 has continued to build its CE catalogue through partnerships.
Regarding digital transformation, FP Canada’s board approved the use of about $233,000 from net assets internally restricted (facilities and technology), according to notes to the financial statements. Also, $1 million was transferred to those assets from unrestricted net assets.
On March 31, 2025, FP Canada’s overall net assets were $8.3 million, compared to $6.8 million in 2023–24. Internally restricted and unrestricted net assets were $7.9 million, compared to $6.2 million in 2024, and these reserves exceed four months of operating expenses, the financial statements say, as in fiscal 2023–24.
FP Canada’s cash and cash equivalents for fiscal 2024–25 were $14.2 million, compared to $12.4 million the previous year.
“FP Canada is in a financially sound position and has a solid strategy to continue to diversify revenue and maintain an appropriate level of reserves available for operations,” the financial statements say.