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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 5 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 Access

CA $249/ year



CA $979/ year



Course Hours

4700+ hours

200+ hours

600+ hours


Cost Per CPD

CA $7/ CPD

CA $75/ CPD

CA $50/ CPD

CA $50/ CPD

Package Course


Mobile Application






Pros and Cons of the Top Five CPD Course Providers


Pros

Cons

MY-CPE is an emerging online CPD platform offering CPAC and NASBA-approved courses for Canadian CPAs.



You can not select one course at a time, and you must take the complete annual subscription of CA$249.

It offers 7000+ hours of extensive content library in 500+ subject areas.


Choosing a CA $249 subscription is a worthwhile investment if prioritizing learning over fulfilling the requirement of 2 or 3 CPD Credits.

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.



CTA


Pros

Cons

Shariff follows an engaging CPD approach for Canadian CPAs. It provides verified courses with credit certificates.





The courses are costly. 16 CPD bundle is priced at  CA$400, while 20 CPD package is priced at CA$500.

It provides access to On-demand courses, live webinars, and individual course options.


Ethics courses are even more expensive, nearly CA$75 to CA$105 for just 1-2 CPD credits.

All the courses meet the CPD requirements of Chartered Professionals Accountants.


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.





Pros


Cons

LumiQ, the podcast-based platform, offers verified courses applicable for CPD.


The major drawback of LumiQ is the audio format only. Some topics require video explanations for better clarity that are not available on LumiQ.

Canada CPA Regulations verify and certify the podcasts.


There is not much Content available on ethics and other related topics

Listening to podcasts enables you to seamlessly meet your CPD requirements easily.


In the limited playlist option, CPAs might not find the subjects aligning with their professional interests.

Industry professionals from top companies, Big4 partners, CFOs, and other successful entrepreneurs delivered the podcast. You can trust the quality of the content.


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.



Pros


Cons

Chartered Professional Accountants Canada offers CPD courses in collaboration and partnership with different online platforms.


CPAC approves third-party courses, but most courses are sponsored content for advertisement purposes only.

The courses by the state regulatory bodies are convenient to attend. You can easily join the webinars and conferences.


It charges a premium amount for CPD courses. It may cost you CA$45 for 1 CPD or CA$445 for 7 CPD credits.

Hassle-free CPD reporting as state bodies themselves approve the courses.


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-day 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.


FAQs

1. Which provider offers the most affordable CPA CPD courses?

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.

2. Which is the most expensive and premium CPE credit provider?

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

3. Which is the best CMA CPE Course provider?

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. 

4. What are the CPA CPD Requirements?

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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