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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.

Need guidance with compliance requirements?

Speak with our Compliance Advisor

Simplifying Regulations for 2024

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. View more
Ethics Requirement
4 verifiable hours in professional ethics. View more
Content RequirementAt least 10 verifiable hours every year and 60 hours being verifiable hours every three years. View more
Subject AreasClick here to check CPA-PEI detailed approved FOS/ subject areas for CPD Credits.
Learning Modes
100% 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. more.

CPD DeadlineRenew your license by May 31st annually.
Fast Track CPD
Our 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
Reporting
CPD must be reported by December 31st for license renewal.
License Renewal
The 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. View more 
Carry Forward
Up 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. View more
Renewal FeesThe renewal fee is $100. View more

Do MY-CPE Courses Qualify for CPD in the State of Prince Edward Island? Yes!

CPAPEI defines CPD as learning that is relevant and appropriate to a member’s professional responsibilities, work, and growth as a CPA, and it is not required to be completed through CPAPEI. MY-CPE is continuing education provider and specialises in various learning formats, including - 

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

For convenient access to our courses, Click here to explore the MY-CPE 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 
General Email: info@cpapei.ca
Website: CPAPEI 

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 state requirement page 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.

Click here 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 and more.

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. View more

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 CPAPEI. myCPE is a continuing education provider. Therefore, the courses listed on myCPE for CPA in Canada are eligible to fulfill Canadian CPA CPD requirements. However, we have not been explicitly approved by CPA Canada.

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