Guidelines for transitioning CMA students

If you’re a student from the legacy CMA Strategic Leadership Program (SLP), learn the transition guidelines for completing the CPA certification program.

Get your downloadable electronic copy.

Download Now

The CPA profession is committed to ensuring that the education and experience you completed for a legacy designation will be recognized towards the CPA designation, and you will therefore make the transition to the appropriate point in the CPA certification program.

Transition timelines

If you were not able to obtain your CMA designation before September 2015, you must enrol in the CPA Professional Education Program (PEP) by March 2017 or in Capstone 1 by June 2017 to retain your exemption status and transition rights.

Transition Student Guidelines identifies the key CPA transition and requirement completion deadlines, as well as the consequences for not meeting these deadlines.

Transitioning to CPA PEP

It has been determined that knowledge gaps exist between the legacy education programs and the CPA PEP. Bridging material has been developed by the CPA profession and is available to all transitioning candidates. Transitioning CMA candidates fall into three key bridging areas:

  1. If you have completed the SLP but have made no attempt or an unsuccessful attempt of the CMA board report:
    • You will be exempt from the CPA PEP core and elective modules.
    • You will be required to take:
      • bridging modules in tax, audit and finance, if the necessary prerequisites in these topic areas have not been met
      • the breadth coverage module that covers competency knowledge gaps in tax, finance and assurance between CPA PEP Core 1 and Core 2 and the CMA legacy program
      • CPA PEP Capstone 1
      • CPA PEP Capstone 2
      • the Common Final Examination
  2. If you have completed year 1 of SLP and passed the case examination, you will be exempt from CPA PEP Core 2 and will require:
    • bridging modules in tax, audit and finance if the necessary prerequisites in these topic areas have not been met
    • challenging the CPA PEP Core 1 examination (If unsuccessful on the Core 1 examination, you will be required to complete the Core 1 module.)
    • two CPA PEP electives — If you are selecting the CPA PEP performance management elective, you will be allowed to challenge the CPA PEP performance management elective examination after taking the performance management bridging module. (If unsuccessful on the performance management elective examination, you will be required to complete the CPA PEP performance management module.)
    • CPA PEP Capstone 1
    • CPA PEP Capstone 2
    • the Common Final Examination
  3. If you have completed year 1 of the SLP but failed the case examination, you will require:
    • bridging modules in tax, audit and finance if the necessary prerequisites in those topic areas have not been met
    • challenging Core 1 and Core 2 examinations (If unsuccessful on the examination challenges, you will be required to complete the relevant core module.)
    • two CPA PEP electives modules
    • CPA PEP Capstone 1 and Capstone 2
    • the Common Final Examination

To prepare transitioning students and candidates for the CPA program, bridging programs to cover the required prerequisite knowledge in audit, tax and finance modules are now available in English. Please contact CPA Quebec for information on the bridging programs offered in French.

Challenge examinations

Transitioning CMA candidates who completed year 1 of the CMA SLP have the opportunity to challenge specific CPA PEP modules:

  • CMA candidates who completed year 1 and passed the case examination are allowed to write challenge examinations for Core 1 and the performance management elective modules.
  • Candidates selecting the CPA PEP performance management elective will be allowed to challenge the CPA PEP performance management elective examination after taking a top-up of the performance management bridging module. (If you fail the performance management elective examination, you will be required to complete the CPA PEP performance management module.)
  • CMA candidates who completed year 1 and failed the case examination are allowed to write the challenge examinations for the Core 1 and Core 2 modules.

All transitioning students are required to complete Capstone 1, Capstone 2 and the Common Final Examination.

Practical experience

All practical experience recognized for qualification for the CMA designation will be recognized equally towards the CPA program until the transition deadlines as identified in Transition Student Guidelines.

Highlights

Jointly presented by CPA Canada and CPA Ontario, The ONE is the must-attend, multi-track event of the year, designed for all CPAs who want to be at the top of their game.

Our Firm Directory allows you to search for Canadian CPA firms using our interactive map as well as other criteria.

You’re in the eye of the storm amid a swirl of slips, forms and receipts. Chart your way through tax-time turbulence with these updates and resources.