CICA and CMA Canada assets and operations are transferred to CPA Canada

On April 1, 2013, the assets and operations of the Canadian Institute of Chartered Accountants (CICA) and the Society of Management Accountants of Canada (CMA Canada) were transferred to the Chartered Professional Accountants of Canada (CPA Canada). CPA Canada is the new national body established on January 1, 2013 with the unification of CICA and CMA. CPA Canada supports provincial accounting bodies that have unified, and all those that will unify, under the Chartered Professional Accountants banner. CPA Canada is responsible for providing services to legacy chartered accountants and certified management accountants on behalf of CICA and CMA Canada as well as chartered professional accountants and certified general accountants participating in the unification effort. As of April 2013, accounting bodies representing 85 per cent of Canada’s professional accountants were committed to unification or had already merged under the CPA banner. CICA was advised by a team of Fasken Martineau lawyers led by Doug H. Scott, Walter Palmer and including Wojtek Baraniak (mergers & acquisitions) and Paul Casuccio (tax).