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CGAs & CMAs
CA QUALIFICATION REQUIREMENTS FOR ONTARIO CGAs AND CMAs
Members of the Certified General Accountants Association of Ontario (CGAs) and the Society of Management Accountants of Ontario (CMAs) may apply to become members of the Institute and Chartered Accountants in Ontario.
Eligibility requirements for registration in the CA qualification program
To be eligible to register with the Institute, an applicant must
- Be a member in good standing of the Certified General Accountants Association of Ontario, if a CGA; or
- Be a member in good standing of the Society of Management Accountants of Ontario, if a CMA;
And - Have been awarded a four-year undergraduate degree comprising 120 credit hours or equivalent from a recognized university.
Prescribed credit hour requirement and minimum grade point average
| Courses | Credit hours |
| Financial Accounting (introductory, intermediate and advanced) | 15 |
| Cost and management accounting | 6 |
| Advanced accounting elective | 3 |
| Auditing | 9 |
| Taxation | 6 |
| Business information systems | 3 |
| Finance/Financial Management | 3 |
| Economics | 3 |
| Law | 3 |
| TOTAL | 51 |
A minimum average grade of B- or equivalent must have been obtained in the courses comprising the 51 credit-hour requirement, provided that a passing grade will have been obtained in each course claimed for credit towards the credit-hour requirement.
A CGA or CMA who is registered with the Institute must have successfully completed the 51 credit-hour requirement and obtained the minimum grade point average of B- or equivalent in order to establish eligibility for or to be granted exemption from the Institute’s professional program consisting of the Core-Knowledge Examination and the School of Accountancy.
Exemption eligibility
A CGA or CMA may apply to the Applications Committee for exemption from:
- Education and examination requirements: exemptions from which may include
- the Core-Knowledge Examination (CKE) but not the School of Accountancy; or
- the Core-Knowledge Examination and the School of Accountancy.
- Practical experience requirements: some or all of the three-year period of practical experience requirement. A CGA or CMA granted exemption from some but not all of the three-year practical experience requirement would complete a reduced period of practical experience of an amount and nature prescribed by the Applications Committee.
The Applications Committee will review the previous education, professional qualification(s) and accounting experience of an applicant seeking exemptions to determine whether, taken as a whole, they establish that the applicant has demonstrated, on a substantial equivalency basis, the required breadth and depth of competency development at the levels of proficiency required of an entry-level CA in Ontario, as specified in The UFE Candidates’ Competency Map and the CA Practical Experience Requirements.
Uniform Evaluation (UFE) must be successfully written
All applicants who are CGAs or CMAs must pass the UFE in order to qualify as CAs in Ontario. There is no exemption from the requirement to pass the UFE.
Public accounting licensing eligibility
Admission to membership in the Institute of Chartered Accountants of Ontario and the granting of the right to use the designation Chartered Accountant and the initials, CA, in Ontario does not automatically qualify a member to be licensed as a public accountant. Members of the Institute who seek to be licensed as public accountants must fulfill the specific requirements prescribed in the Standards and Council Guidelines adopted by the Public Accountants Council pursuant to the Public Accounting Act, 2004 and by the bylaws and regulations of the Institute.