CPA Legislation passed in the Yukon Legislative Assembly

As the Yukon legislative assembly passes 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.

On the path to unification

On May 17, 2016, another milestone for the accounting profession in Canada was realized as the Yukon legislative assembly passed Bill 97, The Chartered Professional Accountants Act.

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

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

Next steps

Accompanying regulations and the bylaws of CPA Yukon are being developed. Once this work is complete, the act will come into force. CPABC has supported the legacy bodies in the Yukon and now anticipates building a new relationship as CPA Yukon is formed.