The CMA Provincial Bodies and CMA Canada signed the existing MRA with CIMA (The Chartered Institute of Management Accountants) in 2012. Upon unification of Canada’s three individual accounting bodies in 2014, the commitments of each CMA body that was party to the agreement was transitioned to the new CPA body for that jurisdiction. With the exceptions of CPA Bermuda, which did not have a legacy CMA body, and CPA Quebec, which gave notice of termination to the CIMA in 2012, the new CPA bodies continued to honour the agreement. The existing MRA expired in 2019.
We are negotiating a new agreement that sets out how members of each respective profession can obtain the designation of the other. The process is anticipated to continue for many months.
During this negotiation, the terms of the previous MRA will be respected for a three-month notice period until July 15, 2021 and fully completed applications for membership under the MRA must be received by the applicable provincial or territorial body by this date. Another 12 months will be provided for the various accounting bodies to process those completed applications. Further information for CPA and CIMA members interested in applying the respective memberships can be found here.
CIMA and CPA are committed to fostering global mobility for accountants and will continue to have pathways into their respective designations for internationally trained professional accountants.
We will continue to keep all members informed about the status of our reciprocity agreements. A listing of all current reciprocal agreements is available https://www.cimaglobal.com/Members/Your-Membership-Information/Agreements-and-other-bodies/
Please access our Frequently Asked Questions page for more information.
If you have any questions or concerns, please contact: