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Best Online CPA CPD Course Providers

If you are a Chartered Professional Accountant, you know the importance of CPD compliance. Selecting the appropriate course provider is equally important to nail your CPD before the deadline.


Maximizing CPD levels up your skills and keeps you updated with industry developments. To select the right course, you must carefully look into your credit hours, subject areas, and state-based requirements.


Make a checklist of features such as quality content, diverse course formats, flexible learning, and updated content at an affordable price. Now you are ready to go!


Choose the platform that aligns with your requirements the most.


This blog guides you through the best platforms available for CPAs to complete their CPD.

Top 4 CPA CPD Platforms

1. MY-CPE

2. Sheriff Consulting

3. Lumiq Learning

4. CPAC

Comparing CPD Course Providers

CPD Providers
MY-CPE
Sheriff Consulting
Lumiq Learn
CPAC
Unlimited AccessCA $249/ yearCA $979/ year
Course Hours4700+ hours200+ hours600+ hours
Cost Per CPDCA $7/ CPDCA $75/ CPDCA $50/ CPDCA $50/ CPD
Package Course
Mobile Application


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Pros and Cons of the Top Four CPD Course Providers

1. MY-CPE

Pros 

  • It offers 5000+ hours of extensive content library in 500+ subject areas.
  • Learning through multiple formats such as live webinars, on-demand, package courses, podcasts, etc.
  • MY-CPE offers specialized CPD Fulfillment packages tailored to each province's requirements. It eliminates the need to search multiple platforms for courses.
  • Regular course content update and addition of new courses every hour.
  • MY-CPE is available on Android and iOS.
  • A dedicated dashboard, credit tracker, and credit vault to track and safeguard your credit certificates.

Key Takeaway

Why choose MY-CPE? 

If you're a professional seeking top-notch content at an affordable price and flexible learning, MY-CPE is an ideal choice for you. Opting for the one-time Subscription, you get access to all the CPD courses available for Chartered Professional Accountants Canada. With a wide subject area, you can easily select and enroll for the courses of your interest.

Why Is Everyone Talking About MY-CPE?

Review

Source: Trustpilot

2. Sheriff Consulting

Pros 

  • Shariff follows an engaging CPD approach for Canadian CPAs. It provides verified courses with credit certificates.
  • It provides access to On-demand courses, live webinars, and individual course options.
  • All the courses meet the CPD requirements of Chartered Professionals Accountants.

Cons

  • The courses are costly. 16 CPD bundle is priced at CA$400, while 20 CPD package is priced at CA$500.
  • Ethics courses are even more expensive, nearly CA$75 to CA$105 for just 1-2 CPD credits.
  • You'll face the challenge of individually selecting courses to meet your CPD requirements.
  • It Follows an A la carte model and lacks an unlimited access plan.
  • Choosing courses in ethics, technical, and non-tech subjects can get complicated.
  • Keeping track of all the CPD hours and timely compliance is a major issue.


Key Takeaway

The courses by Sheriff may feel heavy on your pocket. You can choose if completing your Continue Professional Development requirement is your only priority. If you want to learn new things and stay updated, you can look for others as well.

3. Lumiq Learn

Pros

  • LumiQ, the podcast-based platform, offers verified courses applicable for CPD.
  • Canada CPA Regulations verify and certify the podcasts.
  • Listening to podcasts enables you to seamlessly meet your CPD requirements easily.
  • Industry professionals from top companies, Big4 partners, CFOs, and other successful entrepreneurs delivered the podcast. You can trust the quality of the content. 

Cons

  • The major drawback of LumiQ is the audio format only. Some topics require video explanations for better clarity that are not available on LumiQ.
  • There is not much Content available on ethics and other related topics
  • In the limited playlist option, CPAs might not find the subjects aligning with their professional interests.
  • The courses are quite expensive. 5 hours of CPD may cost you CA$269, 20 hours CA$979.
  • The Unlimited Access Plan is available at CA$979, 4 times higher than MY-CPE.


Key Takeaway

Podcasts are a great and innovative way of flexible learning. You can choose Lumiq for flexible, high-quality, and convenient learning. However, it may not be suitable for deep learning and upskilling in diverse subject areas.

The course carries a higher price tag compared to other competitors in the market.

4. CPAC

Pros

  • Chartered Professional Accountants Canada offers CPD courses in collaboration and partnership with different online platforms.
  • The courses by the state regulatory bodies are convenient to attend. You can easily join the webinars and conferences.
  • Hassle-free CPD reporting as state bodies themselves approve the courses.

Cons

  • CPAC approves third-party courses, but most courses are sponsored content for advertisement purposes only.
  • It charges a premium amount for CPD courses. It may cost you CA$45 for 1 CPD or CA$445 for 7 CPD credits.
  • The ethical courses may start from $200-$400 for just 4 CPD credits.
  • No Advanced certification program, package course, or unlimited access plans.
  • No flexible learning, Mobile Application, or direct helpline and Support.
  • The courses are reliably available to CPAC Members only.
  • Non-members of CPA Canada, the courses may cost CA$100-$200 higher to pay for the same.


Key Takeaway

CPAC, as a state-authorized body, provides the resources for your learning and development. So, Should CPAP be your priority?

You can prioritize it, but most CPAs don't think so.

It lacks course variety, flexibility, live interaction, and more. Also, the courses come at a higher cost.

Wrap-Up

The comparison will give you a clear and concise idea of the advantages and limitations of each course provider. However, selecting the platform that aligns with your specific needs and convenience is entirely your choice.


Choose MY-CPE for affordable, flexible, and high-quality CPD courses aligned with CPA Canada Standards. If you want to learn through audio podcasts, you can choose Lumiq. But keep in mind that the Lumiq subscription is significantly higher cost.


Decide your field of interest, and select your continuous learning partner accordingly.

Point of your Interest

With a glance at the advantages and resource fit for your CPD needs, MY-CPE is an ideal choice.


So, why MY-CPE? It contains a vast course library with different formats for flexible learning. You can efficiently complete your CPD and improve your knowledge with advanced certification and Package courses.


You can try the Individual Subscription 7 Days Free Trial to test the quality of the content.


Sign up with MY-CPE Mobile App or Click Here to Complete all your CPD needs at once with a package course.


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FAQs

If you are looking for an affordable course provider with a vast content library, MY-CPE is best for you. It offers you high-quality content at an affordable subscription of $249/year.

Courses by Sheriff Consulting and Lumiq Learning can be considered as the most expensive and premium course provider among the others.

Considering the pricing factor as well as modes of learning, quality of content, and professional instructor, not only price but MY-CPE is an overall best out of all. If learning is your intention, MY-CPE is for you.

To maintain your active CPA credential, you must obtain 120 CPD hours over a three-year rolling cycle. Out of these CPD 60 hours must be verifiable. They must complete 20 hours of CPD annually out of which 10 hours must be verifiable. In year 2019 ethics was made mandatory for Canadian CPAs; hence every state CPA must complet 4 verified hours of professional ethics.

Imtiaz Munshi, CPA
Imtiaz Munshi, CPA
CFO, AZSTEC LLC

The author Imtiaz Munshi is a Certified Public Accountant and CFO at Azstec, LLC. He is Business Strategist, Tax Planner, Entrepreneur and Advisor to "HNEs" (High Net Worth Entrepreneurs).

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