Revisions to Regulation 7-2: Continuing Professional Development (CPD), for reporting years beginning January 1, 2022.

In 2021, CPA Ontario Council approved revisions to the Continuing Professional Development (CPD) Regulation 7-2 that will affect CPD requirements for new and retired members for reporting years beginning January 1, 2022. A reporting year is the calendar year immediately preceding the year that the annual compliance declaration is being made. 

These changes reflect best practices and requirements of international standards, harmonize CPD requirements and operational practices across the provincial bodies in Canada, and support CPA Ontario’s public interest mandate.

Please also note that the competence areas and learning outcomes have been updated for public accounting licence (PAL) holders and members applying for a PAL, who must undertake CPD activities directly related to the competencies needed to engage in the practice of public accounting, as set out in International Education Standard 8, Professional Competence For Engagement Partners Responsible For Audits Of Financial Statements (Revised).

Revisions to CPD requirements for new members

With the revisions to the CPD requirements, new members admitted through the student pathway under Regulations 9-1 and 9-2:

  • on or before September 30 of the reporting year, must complete the full CPD requirements in the year of admission, OR
  • after September 30 of the reporting year, are exempt from CPD for the year of admission only.

Current requirements, effective until December 31, 2021, exempt all new members from CPD in the year of admission if admitted through the student pathway under Regulations 9-1 or 9-2. This revision emphasizes the importance of continuous learning early on in a member’s career and stresses the obligation to report CPD as a requirement of membership in the profession.

New members admitted under any other pathway must complete full CPD in the year of admission, regardless of when they are admitted during the year.

Current and revised CPD requirements under different scenarios are presented below:

This is a table associated with the information above

Admitted on or before September 30 of the reporting year

No minimum CPD

Full CPD

No CPD exemption for new members admitted on or before September 30

Admitted after September 30 of the reporting year

No minimum CPD

No minimum CPD

No change

1 New Members admitted through student pathway under Regulations 9-1 and 9-2
2 Current requirements, until December 31, 2021
3 Revised requirements, effective January 1, 2022

Revisions to CPD Requirements for retired members

With the revisions to the CPD requirements, retired members without a public accounting licence (PAL) are required to complete full CPD if they perform Reliance Services, including:

  • serving on a board or similar governing body of a reporting issuer;
  • serving on the board or governing body of a Public Interest Entity;
  • providing accounting services to the public; or
  • providing other professional services and the gross annual income from these services equals or exceeds the income test amount ($41,850 for 2022, reviewed annually and posted on the CPA Ontario website).

These changes eliminate the 50% CPD category for retired members. In addition, the definition of Reliance Services is amended to remove the CPD exemption for members providing accounting services to the public, while increasing the exemption threshold for members performing other professional services. These changes help reduce the risk to the public by requiring retired members who perform Reliance Services (including service on boards of reporting issuers and public interest entities) to complete full CPD and maintain continuous learning.

Current and revised CPD requirements under different scenarios are presented below:

This is a table associated with the information above

Serves on a Board of a reporting issuer. 


Full CPD

Full CPD

Serves on a Board of a Public Interest Entity.1

50% CPD

Full CPD

No 50% CPD category for retired members serving on boards of Public Interest Entities


Provides other professional services2 and the gross annual income from these services is $25,000 or less

No minimum CPD

No minimum CPD

No change

Provides other professional services2 and the gross annual income from these services is between $25,000 and the $41,850 (Income Test Amount3)

50% CPD

No minimum CPD

Increased income threshold from $25,000 to Income Test Amount3 for retired members providing “other professional services2

Provides other professional services2 and the gross annual income from these services is between the $41,850 (Income Test Amount3) and $75,000

50% CPD

Full CPD

No 50% CPD category for members providing “other professional services2” with gross annual income between $25,000 and $75,000

Providing accounting services to the public4and the gross annual income from these services is $25,000 or less

No minimum CPD

Full CPD

Removal of all income thresholds for retired members providing accounting services to the public.4

Providing accounting services to the public4 and the gross annual income from these services is between $25,000 and $75,000

50% CPD

Full CPD

Removal of all income thresholds for retired members providing accounting services to the public.4

Providing other professional services2 or accounting services to the publicand the gross annual income from these services is greater than $75,000

Full CPD

Full CPD

No change

Holds a public accounting licence (does not meet the definition of a retired member*)

Full CPD

Full CPD

No change

* A Member who is at least 55 years of age as of December 31st in the reporting year, and has ceased full-time practice, full-time employment or full-time business activity, does not hold a public accounting licence, and: 1.7.1 the sum of the Member’s age and the total number of years of aggregate membership in CPA Ontario, one or more Provincial Bodies, and a Recognized Professional Accounting Body equals or exceeds “70”; 1.7.2 before April 1, 2014, the Member was a retired member of CMA Ontario; or 1.7.3 before July 2, 2014, the Member was a retired member of CGA Ontario.

** Current requirements, until December 31, 2021

*** Revised requirements, effective January 1, 2022

1 As defined in Regulation 7-2

2 As defined in the CPA Code of Professional Conduct

3 Income Test Amount is assumed at $41,850 (2022 amount) and is adjusted annually and published on the CPA Ontario website.

4 As defined in By-law 1.1.53

Revisions to Regulation 7-2 Frequently Asked Questions