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CPD Requirements for CPA-PEI

Know Your Requirement

CPA PRINCE EDWARD ISLAND CPD REQUIREMENT OVERVIEW

CPD Requirements120 hours over a three-year rolling cycle with at least 20 CPD hours every year.
License Renewal Period
Renew your license by May 31st annually.
CPD Reporting CycleCPD reporting for CPA Prince Edward Island is from January 1 to December 31 each year.
Carry-Forward of CPD
A maximum of 40 CPD credits can be carried forward.
Ethics Requirement
4 verifiable hours in professional ethics.
Subject Area RestrictionAt least 10 verifiable hours every year and 60 hours being verifiable hours every three years.

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Simplifying Regulations for 2025

CPD RequirementsComplete 120 CPD hours every three years, with at least 20 CPD hours every year.
Initial CPD HoursNew members are required to complete full CPD reporting requirements in the year of admission to membership. 
Ethics Requirement4 verifiable hours in professional ethics. View more
Content RequirementAt least 10 verifiable hours every year and 60 hours being verifiable hours every three years. 
Subject AreasYou can visit official website to check CPA-PEI detailed approved FOS/ subject areas for CPD Credits.
Learning Modes100% of CPD can be through self-study.
Eligible Learning Activities

Eligible learning activities include- 

  • Verifiable CPD: Verifiable CPD includes education through courses, webinars, conferences, or formal programs; instruction through teaching or speaking engagements. 
  • Unverifiable CPD: Unverifiable CPD includes language training, volunteering (e.g., coaching or serving on a board), self-study time, and participation in networking events. 
CPD DeadlineRenew your license by May 31st annually.
Fast Track CPDOur Fast Track CPA-PEI packages are expertly curated bundles that meet CPA-PEI’s exact continuing education requirements. Save significant time selecting individual courses by choosing our comprehensive packages that cover all your CPD needs. View more
ReportingCPD must be reported by December 31st for license renewal.
License RenewalThe deadline for reporting CPD hours achieved between January 1 to December 31 is May 31 of the following year. Failure to report CPD hours will result in late fees of $100. 
Carry ForwardUp to 40 CPD credits can be carried forward.
Record RetentionMaintain records of completed CPD credits for 5 years as they may be subject to audit by the state board.
Renewal FeesThe renewal fee is $100.

Do MYCPE ONE Courses Qualify for CPD in the State of Prince Edward Island? Yes!

The CPA-PEI defines CPD as learning relevant to a CPA’s responsibilities and growth, which does not need to be completed through the CPA-PEI. Courses on MYCPE ONE meet CPD requirements; however, we have not been explicitly approved by Canadian CPA bodies. MYCPE ONE specializes in various learning formats, including - 

  • Live Webinar 
  • On Demand (Self-Study) Webinar 
  • Podcast

For convenient access to our courses, Click here to explore the MYCPE ONE course catalog. We offer an all-inclusive subscription model, similar to Netflix, where a single subscription gives you access to the most extensive online course catalog. Plus, our subscription rates are 60% lower than other platforms. Subscribe today!

Contact Information for CPA Prince Edward Island

PO Box 301 Charlottetown, PE C1A 7K7 
Telephone: (902) 894-4290 
Fax: (902) 894-4791

Disclaimer: We regularly update our website to ensure the information regarding CPA-PEI CPD requirements is current and accurate. However, for your complete understanding and to ensure compliance, we strongly advise you to visit the official provincial website for the most up-to-date and definitive information.

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Frequently Asked Questions

Members must complete 120 CPD hours over a three-year rolling cycle, with at least 20 hours required annually which includes 10 hours of verifiable learning and 10 hours of non-verifiable learning.

New members are required to fulfill the complete CPD reporting requirements in their year of admission to membership, regardless of the admission date.

Members must complete 4 verifiable hours in professional ethics during each three-year cycle. Click here to view our course

A minimum of 10 verifiable CPD hours must be completed each year and at least 60 of the 120 hours over three years must be verifiable.

You can visit official province website to view CPA-PEI’s detailed approved subject areas for CPD credits. 

Yes, CPA-PEI allows members to complete 100% of their CPD hours through self-study.

Eligible learning activities include-  

  • Verifiable CPD: Includes formal education through courses, webinars, conferences, or formal programs, as well as teaching or speaking engagements. 
  • Unverifiable CPD: Includes language training, volunteering (e.g., coaching or serving on a board), self-study, and participation in networking events.

CPD hours for a calendar year must be reported by December 31st annually.

Members must renew their license by May 31st of the following year.

Failure to report CPD hours by May 31st will result in a $100 late fee.

Yes, CPA-PEI allows members to carry forward up to 40 CPD credits to the next reporting cycle.

Members must maintain CPD records for at least 5 years, as they may be subject to audit by CPA Prince Edward Island.

The annual renewal fee for CPA-PEI is $100. 

Fast Track, CPA-PEI CPD packages are expertly curated bundles that meet CPA-PEI’s specific continuing education requirements. These packages save time by offering pre-selected courses that fulfill all CPD needs.

Yes! CPA-PEI defines CPD as learning relevant and appropriate to a member’s professional responsibilities, work, and growth as a CPA. CPD activities are not required to be completed through CPA-PEI. MYCPE ONE is a continuing education provider. Therefore, the courses listed on MYCPE ONE for CPA in Canada are eligible to fulfill Canadian CPA CPD requirements. However, we have not been explicitly approved by Canadian CPA Bodies.