When determining CPD eligibility members should consider Rule 203 of the Code of Professional Conduct.
Rule 203 – Professional Competence:
A member shall sustain professional competence by keeping informed of, and complying with, developments in professional standards in all functions in which the member provides professional services or is relied upon because of the member’s calling.
All members of CPABC are required to report compliance with the CPD requirements, unless a member qualifies for a reduction or exemption. For additional information, you can view the relevant Bylaws and Bylaw Regulations (Part 6 Continuing Professional Development).
Every member is required to file an annual CPD report by January 31 for the previous calendar year (except members in retirement). Although supporting documentation need not be submitted with the annual CPD report, it should be retained as it may be requested for further verification.
Minimum CPD requirements are specified for annual reporting as well as for a rolling three-year reporting cycle. There are two distinct components of CPD reporting: verifiable and unverifiable CPD.
Note that CPA, CGAs and CPA, CMAs are already on a 3-year rolling cycle, so will continue along as usual. For CPA, CAs, 2014-2016 was the last 3-year fixed cycle and 2015-2017 will be the first 3-year rolling cycle.
CPD does not have to be taken through CPABC—it does not even have to be taken in Canada. CPD may be completed through any learning institution, organization, and/or employer. Nor does CPD have to be accounting related—you choose the area of learning. Verifiable CPD only has to be relevant to your particular employment or professional role, business situation, or career aspirations. At least half of the minimum CPD requirement must be satisfied with verifiable CPD.
Verifiable CPD includes learning activities, relevant to your professional role, for which there is third-party evidence to verify your participation, such as:
Verifiable Business Ethics includes learning activities that specifically address business ethics matters. This requirement is currently in place for CPA, CGAs and will continue to be applied on a 3-year rolling basis. This is a new requirement for CPA, CAs and CPA, CMAs and is effective for the 2015-2017 rolling cycle and needs to be completed by December 31, 2017. Note that the 4 hour business ethics requirement can be made up in several smaller chunks, for example, partly by a course containing an ethics component and partly by a workplace learning activity containing an ethics component. For convenience, CPABC will continue to offer seminars containing business ethics. For additional information on the ethics requirement please visit our 4-hour Ethics Requirement webpage.
Unverifiable CPD includes learning activities, relevant to your professional role, for which there is no third-party evidence to verify your participation, such as:
It is important for you to keep supporting records of your CPD activities for five years after the end of the annual reporting cycle, as we audit a random sample of members each year for the preceding three-year cycle. You do not need to submit the supporting records unless requested.
Certain members may be exempt from the minimum CPD requirement. However, such members must still file an annual CPD report by January 31 for the previous calendar year to confirm compliance with the exemption criteria (except for members in retirement).
Members who re-enter the workforce after having been exempt from the minimum CPD requirement for more than one year are strongly encouraged to create a CPD learning plan. The Director of Regulation is available to assist in this regard.
“Gross Active Income” is Active Income, however includes gross revenues related to professional activities from self-employment sources, regardless of the business structure used (e.g., sole-proprietorship, corporation, etc.).
“Active Income” includes gross income from employment, director’s fees, and net income from self-employment. Active income does not include EI, pension income, investment income, support payments, or disability income. All other sources of income shall be considered “active.” CPABC reserves the right to request proof of income. The income threshold is adjusted annually. Income is based on individual earnings, not family/household income.
General Criteria for CPD Exemption
Members in Retirement
Members in retirement who meet all of the following criteria are exempt from the minimum CPD requirement:
Members who wish to claim the exemption for members in retirement must file a CPD declaration online.
Members in retirement who have submitted a CPD declaration of their eligibility for exemption from the CPD requirements do not need to file an annual CPD report, unless they cease to meet the exemption criteria. In this case, members must advise [lmurray#bccpa,ca]Lisa Murray, CPD Administrator of their changed circumstances.
Members Caring for a Family Member(s)
Members out of the workforce caring for dependent(s) who meet all of the following criteria can claim a reduction from the minimum CPD requirement:
For the months while on family leave,
Members who wish to claim the reduction/exemption for members caring for a family member must file a CPD declaration online.
Members who are not fully exempt for the calendar year must report their CPD by January 31 for t he previous calendar year.
Non-Residents of BC
Non-Resident members of CPABC who meet and report their CPD activities to another provincial CPA Body in Canada where they pay their CPA Canada dues, or, if resident outside Canada, meet and report their CPD activities to a foreign accounting body whose requirements are compliant with the IFAC International Education Standards where they are also a member, do not need to duplicate their detailed CPD reporting. Such members only need to indicate the jurisdiction in which their membership is held on the annual CPD report. All other non-resident members must report their CPD, specifying verifiable and unverifiable CPD hours.
New Members to CPABC
New CPA graduates, who are admitted based on passing the common final exam or on completing a legacy education program, are exempt from reporting in the calendar year of admission to membership. New members will report their CPD in the next full year of membership, which will become the first year of the rolling 3-year cycle. New members are unable to carry forward CPD undertaken in the calendar year they were admitted to membership.
New CPA members admitted based on membership in another provincial body or through a mutual recognition or reciprocal membership agreement must report CPD for the full calendar year in the year of admission. The year of admission becomes the first year of the rolling 3-year cycle.
New CPA, CGA Members
CPA, CGA Members admitted by examination are required to start complying with the mandatory CPD requirements in the first full calendar year of membership.
New CPA, CGA graduates are required to complete a 7-hour rules and standards seminar as a condition of membership by either:
This requirement must be completed on or before December 31 of your first full calendar year of membership. This 7-hour course may count towards your verifiable business ethics requirement for the 3-year rolling cycle. If you have any questions regarding this requirement, please contact Lisa Murray, CPD Administrator at 604-488-2614 or email at [cpd#bccpa,ca]firstname.lastname@example.org.
Members who believe they have a valid reason for an exemption from the minimum CPD requirement may submit a written request to the Membership Committee to consider their circumstances using the online reporting website. Members who submit a request related to a medical condition must attach a CPABC Medical Form completed by their medical practitioner. The Committee will review each request on a confidential basis. Based on the information submitted, a determination will be made and forwarded to the member. A CPD Medical Form is available here.