Currently, the CFR features the 10 leading money-winners in each event throughout the Canadian rodeo season, as well as the first- and second-place finishers in each event during the last 10 rodeos of the Canadian Tour season. Each CFR event is contested over five days, featuring six rounds. Before 2006, only Canadian residents were able to compete in the CFR. However, international contestants are now eligible to compete, granted they qualify. From its inception through 2007, the CFR had a unique sudden-death format in which none of the prize money the competitors had earned during the season carried over to the finals. Competitors who finished in the first four places in each round of the CFR received points on a sliding scale from 40 points to 10 points. At the end of the rodeo, the top four places in "the average" also earned points on the same scale. The performers with the most points in each event were crowned Canadian champions. In 2008, at the request of the competitors, the CFR adopted a format similar to that of the National Finals Rodeo in the United States. The competitors now carry over their money earnings during the Canadian season, and the money they earn during the CFR is added to their season total, with the leading money-winner in each event at the end of the CFR crowned as season champion. The contestants argued that the amount of money on offer at the CFR made it impossible to clinch a season title before the CFR, and that adopting an NFR-style format would encourage more entries at smaller late-season rodeos.
Host
From its 1974 inception through 2017, the event was held at Northlands and Northlands Coliseum in Edmonton, Alberta. In July 2016, it was announced that the event would move to Saskatoon, Saskatchewan in 2017, after having rejected a bid by Northlands and Oilers Entertainment Group to continue hosting the event in Edmonton. However, on October 19, 2016, it was announced that the memorandum of understanding between the CPRA and the city ofSaskatoon had fallen through, and that a new deal had been reached between the CPRA and Northlands to keep the event in Edmonton for 2017. Northlands Coliseum was closed in 2018 due to financial difficulties affecting Northlands since the opening of Rogers Place. On January 16, 2018, it was announced that the Canadian Finals Rodeo would move to Red Deer, Alberta beginning 2018, under a 10-year contract. The event will be held at Westerner Park and ENMAX Centrium, and be extended to a six-day event with a new youth competition, and additional entertainment. Temporary seating will be installed to expand the arena by 2,000 during the rodeo.
Events
Championship titles are awarded to the individuals who earn the most money in their event: