CPA Canada cuts 20% of workforce ahead of split with Ontario and Quebec

Chartered Professional Accountants of Canada is cutting 20 per cent of its workforce ahead of a move by provincial oversight bodies in Ontario and Quebec to split from the national organization.

The organization, which represents chartered professional accountants across Canada, has about 400 employees across the country.

CPA Canada president and CEO Pamela Steer says CPA Ontario and CPA Quebec’s pending withdrawal triggered a review, which resulted in the decision to streamline the organization.

CPA Ontario and CPA Quebec announced in June last year they would be exiting their agreement with CPA Canada, triggering an 18-month countdown to a split.