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Draft:CTP-CPFA Canada: Chartered Tax Practitioner & Certified Public Finance Accountants of Canada

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Chartered Institute of Global Practising Accountants
AbbreviationCGPA Global Canada (CPA-Global)
PredecessorChartered Tax Practitioner and Certified Public Finance Accountants of Canada (CTP-CPFA Canada)
Formation2016; 8 years ago (2016)
Legal statusCanada Not-for-profit Corporations Act
HeadquartersSurrey/White Rock, Canada
Members
11,000+
Official language
English, French
President & CEO
Dr. Sharda Dubey
Secretary
Shaida Ahmadifar
Registrar
Eric Obeng
Board Chair
Aman Singh
Parent organization
CTP-CPFA Canada
Websitewww.cgpaglobal.ca
Formerly called
The Chartered Institute of Taxation (CIOT), Public Finance Management (PFM), and Accountancy

The Chartered Institute of Global Practising Accountants (CGPA Global Canada), formerly recognized as the Chartered Tax Practitioner and Certified Public Finance Accountants of Canada (CTP-CPFA Canada), [1] is a distinguished professional accountancy body known for its commitment to excellence and the highest standards in the industry. Established in 2016, CGPA Global Canada stands as a global leader in conferring prestigious qualifications, providing a transformative pathway for individuals aspiring to excel in taxation, public finance management, and accountancy.

Overview: Renowned for its dedication to academic rigour and professional development, CGPA Global Canada epitomizes global excellence in the field. Membership with the institute not only signifies a commitment to continuous learning but also grants access to a network of accomplished professionals and thought leaders across the globe. Choosing to elevate one's professional journey with CGPA Global Canada means embracing a tradition of excellence upheld by esteemed members.

Influence and Commitment: Widely regarded as an influential voice across global business, government, education, and non-profit sectors, CGPA Global Canada solidifies its commitment to excellence and leadership in professional accountancy. Membership in CGPA Global Canada not only denotes dedication to professional growth but also an affiliation with an institute that sets industry standards, fosters global connections, and champions the highest principles of professionalism. It offers an opportunity to shape the future of professional accountancy worldwide.

Regulatory Recognition: Registered and regulated under the Federal Charter of Canada Not-for-Profit Corporations Act since November 11, 2016, CGPA Global Canada holds a privileged status. Recognized and fully approved by the Ministry of Employment, Workforce Development, and Labour as a 'Professional Educational Institution' under subparagraph 118.5(1)(a)(ii) of the Income Tax Act, CGPA Global Canada offers postgraduate-level occupational training programs designed to meet the needs of professionals nationwide.

Certification and Accreditation: Achieving a prestigious standing among the Chartered Certified Canadian Institutions, CGPA Global Canada stands as one of the two most recognized chartered professional accountancy bodies in Canadian legislation, alongside the Chartered Professional Accountants of Canada (CPA Canada). The institute's recognition as a Chartered Certified Canadian Institution reinforces its commitment to fostering a supportive learning environment, empowering students to thrive and achieve academic aspirations.

Impact on Canadian Accounting Standards: Since its inception, CGPA Global Canada, formerly known as CTP-CPFA Canada, has played a significant role in shaping Canadian accounting standards. It serves as a go-to source for the latest Canadian tax news and comprehensive updates on evolving tax laws.

Research Initiatives: CGPA Global Canada actively engages in research on tax, public finance, and business issues, providing valuable insights and contributing to the evolution of these domains. This commitment to research underscores the institute's dedication to staying at the forefront of developments in the dynamic fields it serves.

Standard Setting: A primary responsibility of CGPA Global Canada is to contribute to the establishment of taxation, public finance, accounting, auditing, and assurance standards for its students and members. Through active participation in the development of these standards, the institute ensures the promotion of best practices and adherence to rigorous guidelines within the realms of business, non-profit organizations, and government agencies.

Guidance and Leadership: The institute takes a proactive role in issuing guidance and providing leadership connected to taxation, public finance, accounting, auditing, assurance, and financial literacy. By offering expert guidance, CGPA Global Canada contributes to the ongoing professional development of individuals within the accounting profession, fostering a culture of excellence and ethical conduct.

Professional Support: CGPA Global Canada extends its support to the broader accounting profession across Canada. Through various initiatives, the institute aims to strengthen the profession by providing resources, fostering collaboration, and promoting the highest standards of professionalism and expertise.

Education and Course Syllabus: The course syllabus for the CTP/CPFA and CGPA professional qualification program follows a three-tier structure, featuring a total of 10 exams, culminating in a capstone case to conclude the examination process.

Professional Qualification Certificate:

  1. Financial Accounting
  2. Management Accounting
  3. Financial Reporting
  4. Audit & Assurance

Professional Qualification Diploma:

  1. Implementing Change Management
  2. Business Planning and Financial Management
  3. Governance and Risk Management
  4. Advanced Taxation and Law

Professional Qualification Strategic Final Exam:

  1. Strategic Public Financial Management
  2. Strategic Case Study

About CTP/CPFA and CGPA Professional Qualification Program: The CTP/CPFA and CGPA's PQ Program is a comprehensive two-year graduate-level initiative leading to a coveted Professional Qualification designation. To attain the status of a CTP/CPFA and CGPA-qualified professional member, individuals need to accumulate 36 months of relevant practical experience.

Upon completion of these levels and submission of the CGPA Portfolio, trainees will achieve the globally recognized CTP/CPFA and CGPA designation with professional qualification certification. They will gain full membership in CGPA and be acknowledged as a Chartered Tax Practitioner (CTP), Certified Public Finance Accountant (CPFA), and Chartered Global Practising Accountant (CGPA) wherever they are in the world, positioning them as multi-skilled public finance and tax professionals for both the public and corporate sectors.

The CGPA professional qualification program not only aligns with but exceeds the standards set by the International Federation of Accountants (IFAC) for practical experience and education. Additionally, it fulfills the criteria established by major international accounting certification bodies. Moreover, the program is designed to meet the educational requirements mandated by both Federal and Provincial authorities in Canada.

Mission and Objectives: CGPA Global Canada's mission is to emerge as a global leader in taxation and public finance management, catering to both private and public services in Canada and worldwide. This achievement is realized by assisting organizations, businesses, governments, educational institutions, and individuals in developing new technical competencies (e.g., taxation, public finance, assurance, financial reporting) and enabling competencies (e.g., leadership, communication, decision-making). CGPA Global Canada focuses on imparting deep technical knowledge and transferable skills, encompassing everything from teamwork and communication to ethics and discipline. Their commitment is to help individuals gain new skills, access expert advice, and set standards to deliver best practices globally.

CGPA Global Canada's mission and objectives are in alignment with those of the International Federation of Accountants (IFAC). They have embraced the IFAC’s International Education Guidelines and other internationally accepted accounting and auditing standards. The institute actively participates in developing and enhancing the accountancy profession in its jurisdiction. This involvement includes the promotion of continuing professional education, professional standards and ethics, practice monitoring, quality assurance, and international standards and best practices in taxation, public finance management practice, education, government service, industry, and commerce.

Governance Structure: The Chartered Institute of Global Practising Accountants (CGPA), formerly known as CTP-CPFA Canada, follows a robust "Governance Structure" where the Institute Council governs CGPA Global Canada. This governance is executed in the public interest within the terms of its Bylaws, and it receives support from the CGPA Global Canada Board and the Committee.

Protecting the Public: CGPA Global Canada serves as the professional regulatory body for its students and members across Canada, operating under the governance of the Chartered Global Practising Accountants Bylaw. The primary objectives of this Bylaw are to safeguard the public, uphold the integrity of the accounting profession regulated under its purview, enhance the competence of registrants, and regulate the conduct of registrants.

To ensure the protection of the public interest, CGPA Global Canada undertakes the following measures:

   1. Setting Standards: Establishing education and experience standards for individuals aspiring to become CGPA members.

   2. Professional Services Standards: Defining education and experience standards for providing professional and public accounting services to the public.

   3. Ethical Standards Enforcement: Enforcing high professional and ethical standards within the membership.

   4. Competence Promotion: Promoting and enhancing the competence of members through a comprehensive program of learning opportunities.

   5. Continuing Competency Assessment: Assessing the ongoing competency of members to ensure they stay current and proficient in their field.

   6. Practice Standards Enforcement: Enforcing practice standards and rules of professional conduct among registrants.

   7. Complaints Resolution: Providing a fair and expeditious mechanism for handling complaints by investigating and adjudicating complaints against members.

In adherence to these principles, CGPA Global Canada actively fulfills its commitment to protecting the public and maintaining the highest standards of professionalism within the accounting profession.




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