CPA Canada is a word that stands for Chartered Professional Accountants of Canada. This exam is conducted by the Orbit Institute in collaboration with the Professional Accounting Supplementary School (PASS), Canada's most renowned CPA Review provider. Companies all throughout the world recognize the value of the CPA Canada accreditation.
Why Study CPA Canada Exam ?
As a member of the Chartered Professional Accountants of Canada (CPA Canada), you have access to a number of benefits that will help you grow in your professional accounting career.
A CPA Canada license can improve any accounting or financial position, regardless of industry or firm.
Canadian CPAs with advanced degrees  in accounting, business, and finance will always be in high demand.
Canadian CPAs enjoy higher salary benefits.
CPAs specialize in accounting, taxation, reporting, and/or auditing for governments, corporations, and individual clients.
Opportunities exist in Canada and around the world.
Pursuing a profession as a CPA is a wise decision. While there are still views of accounting as tedious and exacting, the truth is that Canadian CPAs are well-paid professionals in high demand all around the world. They are CEOs, board members, management consultants, and other professionals who are critical to the success of any company or organization, such as iProledge- The online coaching institute in India.
CPA Canada Syllabus/Curriculum
CPA PEP is a two-year part-time program aimed for full-time accounting professionals. Furthermore, it is divided into six modules:
2 core modules :
​
Financial reporting, strategy and governance, management accounting, audit and assurance, and finance and taxation are among the six essential technical competencies.
The first module is concerned with financial accounting and reporting.
The second module, on the other hand, examines managerial accounting, planning, and control.
2 Electives :
Students can major in assurance, performance management, taxation, or finance.
Those who pursue public accounting or tax must take assurance or tax respectively.
1 capstone integrative module :
This module integrates key competencies by focusing on leadership, team management, professional skills, and professional communication.
1 capstone exam prep mode :
Focuses on preparing for the Common Final Examination(CFE) through complex assignments and projects that simulate real-life issues that CPAs encounter in their careers.
Common Modules (Core 1 & Core 2) | Elective Modules (Elective 1 & Elective 2) | Capstone 1 (Common Capstone Integrative Module) | Capstone 2 (Capstone Examination Preparation Module) |
Financial Reporting | Assurance | Leadership Skills | Develops Case Writing Skills |
​Strategy and Governance | Performance Management | Professional Skills | ​Helps Prepare Students for the CFE |
Management Accounting | Tax | Integration of Competencies | - |
Audit and Assurance | ​Finance | - | - |
Finance | - | - | - |
Taxation | - | - | - |
CPA PEP is a two-year part-time program aimed for full-time accounting professionals.
Practical Experience: There are forms on the website that must be filled out by all reporting managers with whom one has previously worked. These forms are then forwarded to the CPA office, where they are reviewed to determine the number of months of practical training required for membership.
Each module concludes with an examination. Most essential, in order to advance to the next module, CPA candidates must pass each module examination. Finally, the Common Final Examination is a three-day test that concludes the entire procedure.
NOTE: Public accounting candidates must select Assurance and Taxation as Elective Modules.
CPA Canada Exam Eligibility criteria
To take the CPA exam, Indian students must have one of the following qualifications: He is a member of the Association of Company Secretaries in India. He is a member of the Indian Institute of Cost and Works Accountants in India. He has been admitted as a member of the Institute of Chartered Accountants of India (ICAI). Furthermore, Indian CAs with a B.com degree are accepted in select areas in the United areas.
Relevant experience in accounting, management, auditing, and finance, as well as completion of formal education.
Candidates with a Bachelor's degree or any graduation are also qualified to sit the CPA Canada Exam.
CPA Canada Exam Pattern & Passing Criteria
Passing marks: 75% according to Canada CPA. ​
CFE Exam: Happens for 3 days Day 1: 4 hours - Case based on Capstone 1 Day 2: 5 hours - Case called "the comp" Day 3: 4 hours - 3 cases between 60 - 90 minutes each
​There are 6 Technical exams :
Financial Accounting
Management Accounting
Auditing
Tax
Finance
Governance
CPA Canada Exam Registration & Procedure
Members and students: You'll need your CPA Canada Member/Customer Number (found on CPA Canada invoices) to create a profile.
In your CPA Canada Member/Customer Number, the letter 'C' is followed by a series of numbers. C123456 is one such example.
Non Member :
Step 1 :Visit the official website of CPA Canada.
Step 2:Create Account/Sign up
Step 3:Select the qualification and Apply
Step 4:Make Payment
CPA Canada Exam Fees
​Procedure | Fees(in US $) |
Initial registration fee | $430 |
Annual Canada CPA dues | $1,020 |
Prior experience recognition fee | $510 to $1,020 per year |
Module fees | $1,260 each |
Common Final Examination fees | $650 to $1,500 |
Module registration | $310 |
Transcript assessment: | $100 |
CPA Canada Exam Schedule
Common Final Examination(CFE) exam held Twice a year i.e, May and September.
CPA Canada Salary in India
A CPA certification can help you earn a higher starting income and expand your opportunities for advancement over time. According to the CPA Profession Compensation Survey, the average pay for professional accountants in Canada across all industries was $141,000.
CPAs in the industry earned the greatest money, with an average annual salary of $163,000, followed by professional services at $142,000. CPAs in mining and oil and gas earn the highest average CPA salaries, at $194,000 and $203,000, respectively. The average yearly wages in Canada in 2013 were roughly $47,000, according to Statistics Canada.
CPA Canada Job Roles & Responsibilities
CPA Canada (Chartered Professional Accountants of Canada) is looking for bright and energized team players who are driven by results and thrive in a high-performance environment.
Working professionals of Canadian CPA's expect the competitive compensation packages, as well as outstanding opportunities for personal development, rewards, and lifelong learning.
Therefore some job roles of CPA Canada are mentioned below :
Chief Financial Officer
Senior Consultant
Chartered Financial Analyst
Tax Consulting
Public Accountant
Research Analyst
Senior Public Accountant
