Membership & Education
 
 

Continuing Professional Development (CPD)

What are your CPD Requirements?

For more information, the Qualification Standard identifies the minimum CPD requirements that members must meet, pursuant to Rule 2 of the CIA Rules of Professional Conduct, in order to perform professional services.

January 1, 2019 January 1, 2020
How do I comply?
  • 100 hours of CPD over a rolling 2-year period which includes:

    • 24 hours of structured activities (12 technical hours); and
    • 4 hours of professionalism activities.
  • 80 hours of guided and/or self-study CPD over a rolling 2-year period, including 30 hours of guided activities

    • Members may also be deemed to have met these requirements if they

      1. Wrote an actuarial exam/module in the last 2 years (not yet FCIA); or
      2. Are not a Canadian resident, are doing no Canadian work, and comply with the requirements of another actuarial association.

AND

  • Mandatory core CIA professionalism module every 2 years (only required beginning in 2021 – see note below)
Am I exempt?
  • Members determine whether CPD is required in their situation. Potential exemption claim under several categories.
  • All members must now be CPD compliant unless they qualify for one of the following:

    • Retirement (not at work for pay);
    • Family leave; or
    • Special circumstances.
An application for exemption must now be submitted and approved.
How am I monitored?
  • Annual monitoring and audit of 1% of filings.
  • Annual monitoring and audit of a higher number of members.
What are the consequences of non-compliance?
  • No consequence for non-compliance or non-filing, other than a red dot in the public member directory.
  • Possible suspension of membership after reminders and opportunity to remedy CPD compliance.
  • Public member directory will include only active members and indicate their status. Suspended members will not appear in the directory.

 

Note: The changes to the continuing professional development (CPD) requirements approved in 2018 come into effect January 1, 2020. One of these changes requires members to
complete a professionalism module every two calendar years.

Due to a delay in technology upgrades and the release of new e-learning software to deliver the professionalism content, members now have until January 1, 2021 (2019–2020 reporting period) to complete the new professionalism module (anticipated for September 2019).

Members are still required to complete their 80 hours of CPD for January 1, 2020.

The Board also agreed that members who complete the new module between September 2019 and December 2019, will be allowed to use it to satisfy the requirement for both the 2019–2020 and the 2020–2021 reporting periods, making it valid, in this instance, for more than the standard two-calendar-year period. The module’s content will not change significantly between September 2019 and early 2020.