Newfoundland & Labrador

The Institute of Chartered Accountants of Newfoundland and Labrador is one of the smallest provincial accounting bodies in Canada and currently has more than 700 members. 

Our Mission is to:

Our mission is to uphold public confidence in the CA profession within Newfoundland and Labrador by acting in the public interest and helping our members excel.

Our Vision is to:

We are Canada’s most valued, internationally recognized profession of leaders in senior management, advisory, financial, tax and assurance roles.

The Institute fulfills its mission through its 11-member Board. The ICANL has a professional staff of approximately 4 .

The Institute  serves the following purposes:

  • To serve and protect the interests of the general public in all matters relating to the conduct of Chartered Accountants
  • To promote and increase the knowledge, skill and proficiency of Chartered Accountants
  • To establish and maintain high standards of integrity, honour, and professional competence among Chartered Accountants licensed by the Institute through the development and updating of the Rules of Professional Conduct.
  • To furnish information regarding the profession f chartered  accountancy and its practice and methods in Newfoundland and Labrador to members and the general public.

By provincial authority, the Institute:

  • Certifies, licenses, and renews licenses of individual CAs.
  • Develops and updates the Rules of Professional Conduct to which all Chartered Accountants licensed in the province of Newfoundland and Labrador are expected to adhere.
  • Receives and investigates complaints received against Chartered Accountants.
  • Undertakes disciplinary actions against those Chartered Accountants who have been charged with professional misconduct.
  • Takes enforcement action against members who have been found guilty of violations of the Institute’s statutes, regulations and rules of professional conduct.
  • Ensures members maintain their professional competency by monitoring and enforcing compliance with continuing education requirements.
  • Conducts practice inspections of its members involved in public accounting to ensure compliance with the Institute’s professional standards.

In addition to performing its regulatory role The Institute provides a number of member services to Chartered Accountants in the province including the following:

  • Offering of professional development courses to members in public practice, industry and government
  • Luncheons, breakfast series and information sessions to provide members with updates as to professional standards and other topics of interested to the Chartered Accounting profession.
  • Provision of member advisory services.
  • Coordination of various special interest groups such as a Small Practices Committee.
  • Creation of bi-monthly newsletters to update members on issues impacting the Institute and the CA Profession.
Newfoundland & Labrador

Demographics (2008)

Population of the province

  • 504,000
  • Population distribution was mainly determined by the fishing industry; consequently, the Avalon Peninsula and north-eastern Newfoundland continue to be the most heavily populated areas.
  • Has a small but vibrant Francophone community.

Population of major urban centres

St. John's (CMA)185,000
Corner Brook (CA)20,000
Grand Falls-Windsor (CA)14,000
Bay Roberts (CA)11,000

Total labour force 253,000

Employment by industry 

Retail Trade31,000
Health-care and Social Assistance33,000
Educational Services17,000

Economy (2008)

Real GDP Growth - 1.8%

CPI Inflation - 2.9%

Unemployment Rate - 13.2%

Province of Newfoundland & Labrador: http://www.gov.nf.ca/

Canadian professional education button Reciprocal
membership for
members of MRA
bodies. Learn More
Evaluation of Experience button Experience assessment
for senior professionals
Learn More

Earning my Canadian CA gave me a globally recognized designation that bridges the gap between theory and practice, enhancing the value I can provide Read more

- Abbas Barodawalla, CA, BC Housing, Home country: India

Testimonials

With my Canadian CA, I can be whatever I want to be in the future. Read more

- Jannet C. Taruc, CA, Grant Thornton, BC, Home country: Philippines

Testimonials

Becoming a Canadian CA has allowed me to bridge from my previous working experience given me ways to leverage my background, and opened the doors to an exciting career progression in Canada. Read more

- Joe Lai, CA, Senior Manager, Assurance Services, Ernst & Young LLP, Calgary, AB, Home country: Singapore

Testimonials

The strong reputation of the CA designation, both in Canada and internationally, meant a lot of doors were open to me Read more

- Daniel Labarca, D+H Group LLP, Home country: Venezuela

Testimonials

Government, academic and other resources

For more resources for immigrants, click here

Chartered Professional Accountants/ Comptables professionnels agréés


Unification of the Canadian Accounting Profession

Historically there have been three accounting designations in Canada, of which the Chartered Accountant (CA) is one. We are now working towards the unification of these three designations under the CPA designation. The unification process is not yet complete.

Unification is complicated because certification in Canada is regulated by ten provincial and two territorial accounting bodies. Before any province or territory can issue a CPA designation, legislative change must occur in that jurisdiction. Until legislative change is complete, each provincial and territorial CA institute will continue to grant the CA designation. Once unification efforts are complete, the jurisdiction will then issue all CAs the CPA designation as well.

This means that, if you apply to receive your Canadian CA designation under an existing Mutual Recognition Agreement, Reciprocal Membership Agreement or Memorandum of Understanding that the CA profession has in place with an international professional body, you will become a member of the provincial or territorial body to which you are accepted, and be awarded a Canadian CA designation. When the required legislative change occurs in that province or territory, you will automatically receive a CPA designation as well, and be required to present your Canadian designations together: “CPA, CA.”

Currently the provinces of Quebec and Ontario are the only jurisdictions in Canada able to certify members as CPAs. If you receive your Canadian CA designation in either of these provinces, you will be awarded a CPA and a CA, and be required to present your designations as "CPA,CA.”