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CPA, CGA, CMA, CA…what does it all mean?

August 11, 2015

Canada’s accounting profession is now represented by a single national body – Chartered Professional Accountants of Canada (CPA Canada).

The Chartered Professional Accountant (CPA) designation came from the belief that Canada needed a single, unified accounting profession.  Built on the strengths of the three legacy designations (Chartered Accountant (CA), Certified Management Accountant (CMA) and Certified General Accountant (CGA)), public interest will be served by common codes of conduct, disciplinary systems and licensing regimes.

CPA Canada’s mission is to enhance the influence, relevance, and value of the Canadian CPA profession by:

  • Acting in the public interest;
  • Supporting its members; and
  • Contributing to economic and social development.

As the accounting profession is provincially regulated, the timing of integration for each province, territory or region may be different.

What does this mean for our clients? Everything will remain the same. This is simply the associations merging under a single banner.

If you would like more information on this topic, please contact a member of the Empire CPA team by filling out the contact form below.

Canadian and foreign tax laws are complex and have a tendency to change on a frequent basis. As such, the content published above is believed to be accurate as of the date of this post. Before implementing any tax planning, please seek professional advice from a qualified tax professional. Empire, Chartered Professional Accountants will not accept any liability for any tax ramifications that may result from acting based on the information contained above.

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