2021-2022 AMD Retirement Exemption Audit

As a regulatory body, CPA Ontario maintains regulatory oversight over all of our members, including members who have retired from their full-time employment but continue to hold the CPA designation. We require retirees to confirm their status as retired annually. This touchpoint provides critical regulatory oversight by asking members to update their contact information and confirm their level of professional activity, if any.

CPA Ontario will be conducting an audit of a portion of the members who claimed a retirement exemption for the 2021-2022 AMD.

Retired members are reminded that the requirements are:

• You are retired and have reached the age of 55 or more, as of December 31 of the previous year.
• You have ceased full-time practice, full-time employment or full-time business activity.
• The sum of your age and the total years of aggregate membership in CPA Ontario and/or one or more provincial bodies or a recognized accounting body(ies), equals or exceeds 70.
• You do not hold a Public Accounting Licence and have not provided Reliance Services as set out in CPA Ontario’s CPD regulations.
• If you provided professional services, your gross annual income was less than $25,000.