CPA question


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Timon   
Member since: Mar 04
Posts: 297
Location: Greater Toronto Area

Post ID: #PID Posted on: 10-11-05 21:50:52

Hi

Can any CPAs reply to the below questions?


-Is it OK to use CPA designation in Canada?

-What is the annual membership fees for CPA?

-Is the membership fees tax deductible?

Thank in advance


T


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"The grass is not, in fact, always greener on the other side of the fence. Fences have nothing to do with it. The grass is greenest where it is watered. When crossing over fences, carry water with you and tend the grass wherever you may be"


crenshaw   
Member since: Sep 04
Posts: 914
Location: Toronto

Post ID: #PID Posted on: 11-11-05 10:51:24

Quote:
Orginally posted by Timon
-Is it OK to use CPA designation in Canada?



You will not be able to ‘practise’ accounting on the basis of a CPA designation. This does not impact your ability to state the designation while applying for employment.

Quote:
Orginally posted by Timon
-What is the annual membership fees for CPA?



There are 2 different fees – the licensing fees paid to the State Board of Accountancy and the ‘membership fees’ paid to the AICPA (membership in the AICPA itself is not mandatory. The State Board fees vary from state to state, most that I know of are in the range of US$100 – 200 bi-annually. The AICPA fees vary based on the member’s profile – rates at the following link:

http://aicpa.org/about/dues.htm

Quote:
Orginally posted by Timon
-Is the membership fees tax deductible?



Membership fees are deductible – you view the following CRA document for more info:

http://www.cra-arc.gc.ca/E/pub/tp/it158r2/it158r2-e.html

HTH



Timon   
Member since: Mar 04
Posts: 297
Location: Greater Toronto Area

Post ID: #PID Posted on: 13-11-05 08:31:42

Thanks for your reply, Crenshaw.

I am still considering going in for CPA. I hope CPA will help me exploring international opportunities better.

Regards

T


-----------------------------------------------------------------
"The grass is not, in fact, always greener on the other side of the fence. Fences have nothing to do with it. The grass is greenest where it is watered. When crossing over fences, carry water with you and tend the grass wherever you may be"


Fahad Ahmed   
Member since: May 05
Posts: 43
Location: Karachi, Pakistan

Post ID: #PID Posted on: 03-12-05 15:08:45


Hi,


What does CPA stands for?

Regards,


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Welcome


faisal   
Member since: May 04
Posts: 661
Location: in the heart of Mrs Saga

Post ID: #PID Posted on: 03-12-05 20:15:44

Quote:
Orginally posted by Fahad Ahmed


Hi,


What does CPA stands for?

Regards,



\"What does CPA stand for?
CPA stands for certified public accountant. While anyone can file taxes and handle accounting, by completing your CPA certification, you demonstrate that you have a thorough understanding of tax law and regulations. Only the United States officially recognizes this particular qualification, but it has become the international standard for businesses around the world.\"

http://www.edu411.org/articles/CPA_Preparatory/


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