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Legacy CA Students

Legacy CA Students

Legacy CA Practical Experience Requirements


Am I a Legacy CA Student?

You are considered a legacy CA student if you:

  • registered as a legacy CA student with CPA Ontario prior to February 1, 2015
    • are completing remaining education requirements and transitioned in to the CPA Professional Education Program (CPA PEP), and/or
    • are completing remaining practical experience through a legacy Approved Training Office (ATO) or CPA Pre-Approved Program (PPR)
  • have maintained your status as an active student by paying the Annual Student Fee (ASF).

Once you have completed all the requirements by the deadlines indicated below, you may be eligible for the CPA, CA designation. For more information, refer to Regulation 6-4.


Education

  • A four-year, 120 credit-hour undergraduate degree (or equivalent).
  • Completion of 51 credit-hour requirements (with prescribed GPA requirements).

CPA PEP Requirements

  • Challenge exams for Core 1, Core 2 and the Assurance and Taxation electives exams by April 30, 2019, unless completed through a CPA-Accredited Program.
  • Completion of the two Capstone modules, unless completed through a CPA-Accredited Program.
  • Completion of the Common Final Exam (CFE) with depth in Assurance and Financial Reporting (you must select Assurance as your elected depth area for the CFE).

Note: Students registered under Regulation 6-4 who pass the CFE but do not demonstrate a depth in Financial Reporting and/or do not elect Assurance as their elected depth area are not eligible for the dual CPA, CA designation and must transfer to Regulation 6-1.

Deadlines

The degree, credit and CPA PEP requirements must be completed before the earlier of:

  • February 1, 2020, or
  • Within six years from the date of your first challenge exam, or
  • The tenth anniversary of the date of your registration as a student with CPA Ontario.


Practical Experience

If you are recording your practical experience through the Record of CA Qualifying Experience (RQE) and the 6-4M Form you must complete the requirements by September 1, 2018. After this date, you will transition to the CPA Practical Experience Requirements.

All practical experience requirements must be completed before the earlier of:

  • February 1, 2020;
  • Within seven years from the date of your first challenge exam; or
  • The tenth anniversary of the date of your registration as a student with CPA Ontario.

Note: Students registered under Regulation 6-4 who are obtaining their practical experience through the Experience Verification Route (EVR) are not eligible for the dual CPA, CA designation and must transfer to Regulation 6-1. Reporting experience within a Pre-Approved Program Route (PPR) in the Practical Experience Reporting Tool (PERT) does not affect eligibility for the dual CPA, CA designation.

Please review the CA practical experience requirements document for further instructions on practical experience requirements for legacy CA students reporting via RQE and 6-4M forms. Reporting via this route requires you to complete RQEs and review them with your counselling member semi-annually. A 6-4M form should be submitted to practicalexperience@cpaontario.ca if your employment status changes or you complete the practical experience requirements.


Applying for Membership

You may be eligible for the CPA, CA designation if you meet all the education and practical experience requirements outlined in Regulation 6-4 and apply for membership before the earlier of:

    • February 1, 2020; or
    • the tenth anniversary of the date of your registration as a student with CPA Ontario.

Once you have completed all the requirements within the specific deadlines, you may apply for membership. To start the membership assessment process, please submit a 6-4M form reporting your practical experience to date and indicate your completion of the practical experience requirements.

Students who do not meet the program deadlines will be deregistered. Please review the Consequences of Deregistration for further information and Regulation 6-4, Section 13 for further information.

Meet Your Deadlines

Ensure you are familiar with the deadlines you must meet to successfully complete the program. Students who do not meet the deadlines will be deregistered from the program.

Consequences of Deregistration