CPA legislation introduced in the Yukon Legislative Assembly

With the introduction of the Chartered Professional Accountants Act, the three accountancy bodies in the Yukon Territory are one step closer to unifying their members into a single organization.

Legislation introduced

On Wednesday, April 13, 2016, the accounting profession in Canada passed another important milestone when Bill 97, the Chartered Professional Accountants Act, was tabled in the Yukon legislative assembly.

The new legislation will repeal the territory’s Chartered Accountants Act, the Certified General Accountants Act, and the Certified Management Accountants Act, and establish the Chartered Professional Accountant (CPA), as the single professional designation for Yukon’s regulated accountants.

Next Steps

Once the legislation is proclaimed, the Yukon Territory will join the other provinces and territories in Canada in helping advance the reputation of the CPA designation within the global business community.

For additional information, please read the news release issued by the Yukon’s Ministry of Community Services.

Status of unification across Canada

All 40 accounting bodies in Canada have either unified or are participating in discussions to unite under the Chartered Professional Accountant (CPA) banner.