CA INDIA & CA CANADA

[SRanjan M]

Dear All,

I am basically a Chartered Accountant from India. And I got my visa and PR this month i.e. March 2011. I was going through Candian CA institutes website, it shows that there is a MOU singed by both the institutes.

But regarding the examinations one has to appear
1) To get the certificate to work in industry &
2) To practice as a chartered accountant in Canada

is not very clear.

If somebody is having any knowledge about this chapter please give your inputs. I have also given mail to Canadian Institute to get information regarding the above points. If I will get any information then definitely I will share in this forum.

Hope the knowledge of experienced persons will definitely help others......

Cheers,
SRanjan M

 

[SRanjan M]

Dear All,

I am basically a Chartered Accountant from India. And I got my visa and PR this month i.e. March 2011. I was going through Candian CA institutes website, it shows that there is a MOU singed by both the institutes.

But regarding the examinations one has to appear
1) To get the certificate to work in industry &
2) To practice as a chartered accountant in Canada

is not very clear.

If somebody is having any knowledge about this chapter please give your inputs. I have also given mail to Canadian Institute to get information regarding the above points. If I will get any information then definitely I will share in this forum.

Hope the knowledge of experienced persons will definitely help others......

Cheers,
SRanjan M

As per the recent updates the MOU Stands as below.

Q&A


Memorandum of Understanding on Reciprocal Membership Arrangements between The Chartered Accountants of India and
the Canadian Institute of Chartered Accountants

What is a Memorandum of Understanding? How is it different from a Mutual Recognition Agreement?

A Mutual Recognition Agreement is an agreement between two accounting bodies that have determined that their qualification processes are substantially equivalent. Members of each body are entitled to membership in the other by demonstrating competency in local tax and law, and demonstrating that they meet experience requirements. Canada recognizes 13 accounting bodies as having equivalent qualification processes. To qualify for a Canadian CA designation, members of these bodies are not required to take additional formal education through a regional professional education program, nor are they required to pass the UFE. Instead, they must pass an examination of Canadian tax, law and professional conduct.

A Memorandum of Understanding on reciprocal membership arrangements is negotiated between two accounting bodies that have determined they are not substantially equivalent, that the qualification process of one body does not, in some significant aspect, meet the requirements of the other. The Memorandum specifies the specific requirements which must be met. In the case of the review of the qualification program of the Institute of Chartered Accountants of India, it was determined that the examination process was not equivalent because it did not include an integrated multi-disciplinary assessment of pervasive skills similar to our UFE. Members of the ICAI do however have at least three years of practical experience during which time they develop and demonstrate these skills. For this reason, qualified members of the ICAI are required to demonstrate these skills by passing the UFE.


I am a member of the Institute of Chartered Accountants of India? What does this mean to me?
Once the Memorandum of Understanding has been ratified, members of the ICAI who have a recognized university degree will be able to qualify for a Canadian CA designation by:

passing the Canadian Uniform Evaluation (UFE), and
meeting the profession’s experience requirements. Your international experience will be considered in the assessment of experience.

You will need to register with the appropriate provincial institute/ordre in order to write the UFE. We strongly recommend that you take the preparatory course offered by the institute to help you prepare to write the UFE.

If you are seeking audit rights, you will need to contact the provincial institute/ordre to determine what additional requirements are necessary. The MOU agreement governs admission to the profession. Access to audit rights is not included in the MOU. The provincial institutes/ordre and Institute of Chartered Accountants of Bermuda will individually determine what additional requirements are needed for licensure.


I have my Canadian CA designation and I am considering relocating to India. What does this mean to me?
Once the Memorandum of Understanding is ratified, you will be eligible to become a member of the Institute of Chartered Accountants of India by passing the ICAI’s examinations in corporate and allied laws, and tax.


When does this Memorandum of Understanding come into effect?
The agreement will come into effect when it is ratified by the councils of the provincial institutes/ordre of Chartered Accountants in Canada, and the boards of directors of the Canadian Institute of Chartered Accountants and the Institute of Chartered Accountants of India.
Cheers,
SRanjan M

 

[SRanjan M]

Dear All,

I am basically a Chartered Accountant from India. And I got my visa and PR this month i.e. March 2011. I was going through Candian CA institutes website, it shows that there is a MOU singed by both the institutes.

But regarding the examinations one has to appear
1) To get the certificate to work in industry &
2) To practice as a chartered accountant in Canada

is not very clear.

If somebody is having any knowledge about this chapter please give your inputs. I have also given mail to Canadian Institute to get information regarding the above points. If I will get any information then definitely I will share in this forum.

Hope the knowledge of experienced persons will definitely help others......

Cheers,
SRanjan M

Hi All,

Regarding recent MOU signed on 7th of February 2011 by ICAI, India and CiCA, Canada, you will be able to find all details in the following link.

http://www.cica.ca/news/media-centre/media-releases-and-backgrounders/2011/item47091.aspx

Cheers,
SRanjan M

 

[capreetijoshi]

SRanjan M,

Hello Sir,
I am too a Chartered Accountant, Recently Qualified in July 2012, Sir Can you tell on what bases you applied for VISA/PR to canada?
Can you Please provide me your Email?


Preeti

 

[SRanjan]

SRanjan M,

Hello Sir,
I am too a Chartered Accountant, Recently Qualified in July 2012, Sir Can you tell on what bases you applied for VISA/PR to canada?
Can you Please provide me your Email?


Preeti

Hi Preeti,

I applied as a Masters in Commerce and having 12 years experience.

If you want more guidance just let me know.

Thanks
Ranjan

 

[PhdStream]

Hi Preeti,

I applied as a Masters in Commerce and having 12 years experience.

If you want more guidance just let me know.

Thanks
Ranjan

Hello Ranjan,

Do you have any idea what are the prospects for a person finishing all the course requirements of ACCA (affiliate members) in Canada. How can they transfer their credits for CGA or CPA in Canada.

I am asking this on behalf of my wife who is currently enrolled in ACCA in a university in United Kingdom and is expected to get her PR end of this year. I would like to you how can she make use of her B. Com degree and ACCA studies to be CGA or CPA in Canada.

Many thanks for your help.

 

[reenachaudhary]

Hi Preeti,

I applied as a Masters in Commerce and having 12 years experience.

If you want more guidance just let me know.

Thanks
Ranjan

Hi Ranjan, I am CA from 2011 batch, i need more guidance. please share your email ID.

Thnx a lot

 

[aasri_123]

Hi Ranjan,
I am chartered Accountant from India in 2005 and migrated to Canada. I would like to pursue canada CPA. Can you please provide your mail id or phone contact to discuss on this procedure ?

Regards
JA Eswar

 

[Kalyanabhishek]

Hi,
i might be late and not sure about this so asking again.

CHARTERED ACCOUNTENT will be considered as Masters or Ph.D while applying to Canada PR?

 

[kuldeep6712]

Hi SRajan,

I have completed 1st group of CA final in India now i want pursue my CA Course in Canada, Could i egligible. iF yes then Whats is procedure.

If you want more guidance just let me know.

Thanks
Kuldeep Kaur

 

[cavarunarora]

Anyone pls help me to know how i can apply for migration to canada. I am also CA in India. under express entry or any other option.


Mr. Ranjan or any other pls help...

Pls if possible do watsapp on my contact no. 0919888777804.

Thanks,Varun Arora

 

[Fenali desai]

I want to do ACCA in Canada and I had cleared my CA IPCC from INDIAN INSTITUTE OF CHARTED ACCOUNTANT so please give me advice on this that how should I go for it...whether I should put my file based on CA IPCC or i should put a file based on my bachelor degree.

 

[Sonia09]

Hi all
I am also a CA from India from January 2012 wants to do Canadian CA but no detail idea that from which province do the Canadian CA and what is the requirements/examination will I need to pass to become a fully qualified CA in Canada for Job and Audit Assignments.

Is it possible to complete Canadian CA by an Indian CA from India.

If any anyone have the details about it please suggest.

Thanks in Advance

 

[Amjaddxb]

Hello guys,

Im an Indian CA (2003) with 15 years of work experience in UAE, planned to move Canada, please advise what need to be done to obtain CPA of Canada to serve as a practicing CA/Auditor corporate/Tax Auditor.

Any specific education/courses to be done? Can this be done from distance or is it allowed to obtain student visa to come and study there?

Please advise at the earliest, I will appreciate your assistance

Regards
Amjad

 

[Jashwanth]

I want to do ACCA in Canada and I had cleared my CA IPCC from INDIAN INSTITUTE OF CHARTED ACCOUNTANT so please give me advice on this that how should I go for it...whether I should put my file based on CA IPCC or i should put a file based on my bachelor degree.

Hlo me too in a sasa situation. Please contact me we can discuss. MM contact info is 9985998535