The Canadian Chartered Professional Accountant (CPA) designation prepares you for a life-long, rewarding career with unlimited potential. A CPA is your gateway to a world of exciting opportunities.

The value of the CPA designation is recognized by companies globally. As a Canadian CPA, you have many career choices — multiple opportunities in many roles and in all sectors of the economy, at home and abroad.

Every organization needs an accountant. Every tech startup, financial institution, entertainment company, non-profit, government agency — everyone — needs the skills you can provide as a CPA. You have the widest range of opportunities, so you can choose the environment that you want to work in. Regardless of your industry sector, your job is to be a forward-thinking financial leader and to apply the knowledge you’ve gained from the CPA designation to make important financial and business decisions.

Orbit Institute, in alliance with the Professional Accounting Supplementary School (PASS), the most acclaimed CPA Review provider in Canada, is offering a comprehensive course to prepare aspirants for success in the CPA examination.

CPAs are in demand throughout Canada, as well as internationally — there are thousands of CPAs working around the world, in the Caribbean, Asia, and Europe. CPA Canada offers a host of Mutual Recognition Agreements that allow CPA members to become designated by other associations. This, combined with the fact that the Canadian CPA is one of the world’s largest and most respected designations, means that a CPA could be your opportunity to travel, work and consult around the world.

Learn about the process for achieving a Canadian CPA and how to prepare for the exam. Click Here

Demo Video - Impairment of Assets Click Here

Modes of Training: Live Online and Videos

Obtaining a Canadian CPA while living in India will help you advance your career anywhere in the world. It also makes it easier to immigrate to Canada and find a job there when you arrive.

The entire course can be completed while living in India. However, students will have to make one trip to Canada to write the final 3 day CFE. Students will be able to work full-time while studying for the Canadian CFE.

Yes – For live online classes you sit at your computer and log in and watch the instructor teach the class. You can ask questions by texting or by using your microphone. We will e-mail a schedule with the upcoming classes.

Not a problem – all live online classes are recorded, so you just watch the video. The video is uploaded the following day

Unlimited use until you pass the Exam (CFE)

The Immigration Process

No – it is not a difficult process. Students with a CA from India are able to immigrate into Canada, quite easily, usually through a special program, the FSW, Federal Skills Workers Stream, www.cic.gc.ca (click "Express Entry")

No – you do not need a job in Canada in order to immigrate

Typically 7 months if things go smoothly, which they should

Yes – Indians immigrating to Canada do find work, even before they have a Canadian CPA, but it is much easier to land a job if you have passed the Canadian CPA

The Study Process

Difficult to answer – If working full time, should begin no later than December 2019 for the May 2020 exam and no later than March 2020 for the September 2020 exam. If not working, can start a bit later. The earlier you start, the better the chances are of passing

No – it will just mean more time is required to review the technical and get up to speed. We have had students in our course who wrote the Indian CA over 20 years ago.

The 2 biggest topics are financial accounting and management accounting

Common Final Exam

CFE stands for Common Final Exam. It is the examination one needs to do in order to be a Canadian CPA. Any student who holds an Indian CA degree can directly attempt the CFE. (If you don’t have an Indian CA degree you would need to write other exams before you write the CFE)

The CFE is held twice a year, in May and Sept. The dates for the upcoming exams in 2020 are:
May: 27th to 29th
Sept: 9th to 11th

This exam has to be attempted in Canada itself. However, a student can take the exam from any province of Canada.
Number of attempts allowed: 3

Subject areas in the exam:
There are 6 technical areas in the exam

  • Financial Accounting
  • Management Accounting
  • Auditing
  • Tax
  • Finance
  • Governance

  • Are any of the technical areas totally different than what I did in India?
    Yes – in particular

  • Accounting Standards for Private Enterprises(ASPE) for financial accounting
  • Canadian Tax

  • Structure of the exam:
    Day 1: 4 hours - Case based on Capstone 1 (see below)
    Day 2: 5 hours - Case called "the comp"
    Day 3: 4 hours - 3 cases between 60 - 90 minutes each

    Are all 3 days marked together?
    No – Day 1 is marked separately – pass or fail. Day 2 and 3 are combined and marked together – pass or fail. If you fail Day 1 but pass Day 2/3 you would only write Day 1 again; if fail Day 2/3 but pass Day 1, you only have to re-write Day 2/3


    When do the results come out?
    For May 2020 CFE – approx. July (or Aug. TBD). For Sept. 2020 CFE – Nov. 27, 2020


    If I fail the May CFE, can I write in Sept?
    Yes


    How do I write the CFE?
    The exam is written on the computer, using software provided by CPA Canada – basically word and excel

    Capstones

    Canadian students have to take Capstone 1 before the CFE. They are put into groups and work online, for 7-8 weeks, responding to a large case study. On the 1st day of the CFE, the 4 hour case is a continuation of the Capstone 1 case (i.e. involves the same company as the Capstone 1 case, 5 or 10 years later, new 15-20 page case)

    Canadian students have to take Capstone 2 before the CFE. Capstone 2 is essentially practice cases. Students write prior CFE cases each week (last 7 weeks before the CFE), hand them in weekly to CPA Canada and get them marked and returned

    No – Indian CAs are exempt from Capstone 1 & 2, from Jan. 2019 onwards

    No – the Orbit program builds in an alternative Capstone 1 and 2, so you are not disadvantaged.

    Not really – for the following reasons:

  • The Capstones are expensive (about $2,600 Cdn for both combined)
  • The Orbit course essentially incorporates Capstone 2, so you are getting it anyway, through the course
  • Capstone 1 is very time consuming, teaching skills not necessary for the CFE. The Orbit course ignores those areas and provides other training necessary for the Day 1 case of the CFE.
  • The Orbit Canadian CPA Course

    No –Orbit is the only course in India preparing students to obtain their Canadian CPA

    No – Only Orbit has developed a dedicated course to prepare students with an Indian CA to pass the CFE

    Students will be provided with the following:

  • A technical binder and access to technical videos
  • Practice cases
  • Live Online Courses
  • If you have questions about the course, you can contact Orbit – 91-20-2616-9533 / 1250 OR cell 98-9275-6220 OR [email protected]

    PASS Company Info

    Michael Levi and Ira Walfish are the 2 directors of PASS

    Michael worked at Deloitte Canada for 9 years and Ira worked at EY Canada for 10 years and both left their respective public accounting firms in 1995 to start PASS. PASS prepares students to get their Canadian CPA

    PASS has taught students from all 4 of the big accounting firms, Deloitte, KPMG, EY and PWC as well as thousands of students from other public accounting firms and industry. PASS currently runs the PWC CFE program across Canada

    Yes – PASS is the oldest firm in Canada involved in CPA prep courses and Michael Levi won the Ontario Gold Medal when he passed his CA exam (1st in the Province of Ontario)

    Yes - PASS is the only Canadian course provider with a dedicated course for international students.

    No – For the past 25 years PASS has been exclusively training students to pass the CFE