CPA Ontario and CGA Ontario release Unification Agreement – Key Terms to their members

Today, the leadership of the Chartered Professional Accountants of Ontario (CPA Ontario) and the Certified General Accountants of Ontario (CGA Ontario) released the Unification Agreement – Key Terms to their members. This is the next significant step toward fully unifying the profession in Ontario, following the recent announcement that CMAs in Ontario became members of CPA Ontario on April 2, 2014.

The Council of CPA Ontario and the Board of CGA Ontario together developed and approved this agreement. If approved by members, it will set the stage for completing unification in Ontario. The member vote will be held during June.

As the Canadian accounting profession is provincially regulated, unification proposals and related decisions must be made at the provincial level. Significant changes to the profession, such as unification, ultimately require legislative approval by the provincial government.