Why did CGA Canada and CPA Ireland enter into this agreement?
A. This Mutual Recognition Agreement (MRA) strengthens the already excellent relationship between the two bodies. It provides a route for qualified members of either body to become a member of the other body, and enjoy the benefits which both organizations can offer. The agreement also provides a platform for greater collaboration. Perhaps most important of all, is that in today’s environment, strategic alliances are integral to ensure continued global recognition.
What is the MRA about? Does it apply to me?
A. The MRA provides a route for qualified members of either body to become a member of the other body and enjoy the benefits which both designations can offer. This includes providing members with increased international recognition and mobility. The MRA is not applicable to students.
Does the agreement cover members regardless of where they reside?
A. Yes. The agreement applies to members of both bodies wherever they are located in the world. However, there are somewhat different eligibility and procedural requirements for CPAs in Quebec (contact Ordre des CGA du Québec directly if you already reside in that province or intend to immigrate within six months).
What is the term of the MRA?
A. The initial term is for five years, commencing June 3, 2009.
Why should I become a member of CGA? What are the benefits?
A. The MRA provides CPAs with increased recognition in various parts of the world and therefore with increased international mobility.
How do I apply to become a member of CGA Canada?
Step 1: Download and complete the initial application form available.
Step 2: Contact CPA Ireland and request a Membership Status Letter.
Step 3: Submit your completed application form along with the Membership Status Letter from CPA Ireland. CPAs resident in Canada and Hong Kong must apply through the CGA Association where they reside. CPAs resident outside Canada (except Hong Kong) must apply through CGA Canada International in Vancouver.
Step 4: Contact your university to have an official sealed transcript sent directly to the Association.
Step 5: Complete the online Overview of Canadian Income Taxation and Law course and submit the certificate of completion. If a transfer credit is granted by the Association, provide official sealed transcripts from the post-secondary institution. These documents may be submitted with the initial application.
Step 6: Once the above information has been provided and approved by the Association, you will be invited to complete and submit an application for membership. Your application must include payment of the application for membership fee and annual dues. When your application has been approved, you will be notified of your admission to membership and have the right to use the CGA designation.
What coursework do CPA Ireland members need to complete before they can become eligible for CGA Canada membership under the terms of the MRA?
A. CPAs must complete the Overview of Canadian Tax and Law course offered by CGA Canada. CPAs may be exempt from this course if they have passed CGA Taxation 1 or an equivalent course from a recognized tertiary institution in Canada. Contact the appropriate CGA office for information about exemptions.
How do I arrange to take CGA Canada’s required course?
A. The required course can be accessed by visiting CGA’s Professional Development Network at www.cga-pd.net. Upon successful completion of the online course a copy of the certificate of completion must be sent to the appropriate association office.
How much will CGA’s tax and law course cost?
A. The cost of the CGA course is $325 Canadian plus 12% GST. Payable by Mastercard or Visa only.
I do not have a university degree and I qualified as a CPA after July 31, 1998. What do I need to do to become a CGA?
A. CPAs who gained membership to CPA Ireland after July 31, 1998 are required to hold a university degree recognized by CGA Canada.
I plan to immigrate to Canada as a CPA and obtain my CGA next year. Can I apply before coming to Canada?
A. Yes. CPAs applying from outside of Canada can apply directly through CGA Canada’s International department.
How long will it take for my application to become a CGA to be processed?
A. Once the required documents are received by the CGA office it would take one to three months to process an application to become a CGA under this MRA.
If I am already a CGA, do I have to do anything?
A. No. Individuals who are both a CPA and a CGA only need to ensure each designation’s requirements are maintained to remain a certified member of both bodies.
If I apply for membership with CGA Canada under this MRA do I have to keep my CPA Ireland membership?
A. Yes. Members of both bodies are required to keep their membership if they are accepted as a member of the other body under this MRA.
What are the application fees to become a CGA under the MRA?
A. The membership application fee is $300 Canadian. This fee may vary by province.
What are the annual fees for CGA Canada?
A. CGA Canada’s annual membership dues vary by province, but average $800 Canadian each year. Offshore membership dues are $410 Canadian. These fees are subject to change. Contact the appropriate CGA office for more information.
What do I need to do to maintain my membership with CGA Canada?
A. To maintain your membership you will be required to pay annual membership dues and meet the Continuing Professional Development (CPD) requirements for both CPA Ireland and CGA Canada. Members in public practice will also be required to meet the annual public practice registration requirements.
What are the CGA mandatory CPD requirements?
A. They are the same as CPA Ireland. Both CPA and CGA have adopted the International Federation of Accountants’ (IFAC) CPD standards. Members will be required to report CPD activities annually to both CGA and CPA Ireland.
If I complete my professional developments requirements through CPA Ireland’s Continuing Professional Development program will this count toward my CPD requirements as a CGA member?
A. Yes. Completion of CPA Ireland’s Continuing Professional Development program requirements will satisfy the CPD requirements set by CGA Canada.
I have a practicing certificate with CPA Ireland enabling me to conduct audits in Ireland. Can I transfer this to an audit status equivalent with CGA in a province where CGA Canada has statutory rights to audit?
A. No. Members must meet the residency requirements and the public practice entry requirements of the association. Contact the provincial office of residency for more information.
If I obtain my CGA designation in one province will it be recognized in another?
A. Yes. CGAs enjoy full mobility within Canada. Professions in Canada are regulated at the provincial level. This means CGAs moving from one province to another are required to transfer their membership to the province of residence and may be required to complete additional courses or exams.
If I obtain my CGA designation in Canada, can I use this when I go to work in Hong Kong/Bermuda/China, etc.?
A.Yes. CGA designations obtained in Canada are recognized abroad.
Does the MRA confer practicing rights in countries where CGA Canada members are eligible to obtain a practicing certificate from another body?
A. No. Members wishing to obtain a practicing certificate from a particular country will need to meet additional requirements specified by the regulatory authority in that country.
I am an CPA student and have not completed my practical experience to become a full member. Can I qualify under the MRA?
A. Only full members of CPA Ireland can qualify to become a CGA under the MRA.