Designations - What do they mean?
CPA - Chartered Professional Accountant: As of November 2012, existing CA's are being unified with other accounting designations under the new title of CPA. This designation represents a unique combination of expertise in all areas of accounting, including financial and management accounting, assurance and taxation.
CA- Chartered Accountant: Canada's most valued, internationally recognized profession of leaders in senior management, advisor, financial, tax and assurance roles. All Canadian trained CAs must write the profession's three-day Uniform Evaluation (UFE). To pass, you must demonstrate that you are proficient in the competencies required for a professional accounting career.
CFP® • Certified Financial Planner: Offered by Advocis. Through the course of study towards the CFP® designation, financial planners learn the fundamentals of building a comprehensive financial plan. CFP certification provides assurance that the planner is committed to internationally-recognized professional standards of competence, ethics and practice, as set and enforced in Canada by FPSC - Financial Planning Standards Council.
RRC • Registered Retirement Consultant: This course provides a detailed look at how clients plan for retirement, how they use their financial assets during retirement and how they make financial decisions related to retirement. Course participants also take a detailed look at the estate planning process and the many considerations and strategies involved in developing an estate plan.
CHS • Certified Health Insurance Specialist: This designation sets an advisor apart as someone with expertise in the field of health insurance advice, including income replacement, disability, critical illness, long term care and group benefits.
AMP • Accredited Mortgage Professional: This national designation is for Canada’s mortgage industry. Launched in 2004, the AMP designation was developed as part of CAAMP’s ongoing commitment to increasing the level of professionalism in Canada’s mortgage industry.