Certified Management Accountant in Canada (2022) (2023)

Management accounting refers to a specific branch of accounting responsible for providing information and data to a company’s management to assist in decision making processes. They create detailed managerial accounting reports at regular intervals providing specific information to management so they are able to make informed and timely decisions.

Because this area of accounting is so specialized, many small firms and enterprises are not able to have a certified management accountant on staff at all times. This means they are missing out on valuable financial reporting and information.

Accountor CPA seeks to bridge that gap and provide managerial accounting services to corporations and small businesses in Canada that can benefit from them. Our outsourced management accounting and dedicated team of Chartered Professional Accountants (CPA) can help you answer questions about your company’s productivity, profits, and performance.

Get a free consultation for your business to learn how our scalable and customized services can help you achieve your corporate goals.

What is Managerial Accounting?

Basic management accounting is accounting for decision making. Management accountants take financial data, figures, and statements, and help translate it into understandable and actionable advice to directly assist management in making decisions about their business.

In many industries, quick decision making is essential for a company to succeed. Too often, companies are slowed down by waiting on meetings, reports, analyses, and conclusions - meaning important opportunities can pass them by.

Accounting and management accounting more specifically address this problem by providing financial reports and easily digestible analysis directly to management at regular intervals. More access to easy-to-understand information means more room to take advantage of business opportunities as they arise.

Our team of CPAs can help you harness the power behind your financial data with management accounting.

Are Financial Accounting and Management Accounting the Same?

Financial and managerial accounting are closely related, but not one in the same. Financial accounting is concerned with creating external financial statements for shareholders, investors, and other interested parties concerned with the company’s value. Information is objective and presented in a way that external parties can understand the figures and information and draw their own conclusions about the company.

Managerial accounting provides financial information internally to the management team of a company. This financial information and reports are not the same as the official financial statements issued in financial accounting, but may use information from them. It is used primarily by management to make timely and sound business decisions for the company and generally stays completely within a company. This means managerial accounting reports are more specialized and industry-specific, as they are intended to be only understood by management.

Cost Accounting and Management Accounting - What’s the Difference?

Cost accounting and management accounting have overlaps and require knowledge of each other, but are two separate accounting functions.

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Cost accounting focuses on recording and reporting measurements regarding costs of goods and services in aggregate and in detail. It is concerned with the accumulation of costs incurred and allocating these costs to the appropriate products or departments to determine cost value.

Managerial accounting takes these figures and this financial information into account when creating financial reports to present to management. The financial information compiled in managerial accounting from cost accounting and financial accounting help paint a bigger picture to help management make appropriate decisions.

A good accounting firm will have team members with experience in each branch of accounting to give your company the detailed reports it needs to succeed.

Certified Management Accountant: What Sets Them Apart?

Certified Management Accountants, or CMAs, is a professional certification credential in management accounting and financial accounting. It signifies in particular that an individual has knowledge and certification in areas like financial planning, analysis, ethics, and control.

Prior to 2015, Canada, the USA, and Australia offered certified management accountant designations. The requirements to be awarded CMA designation included:

  • A Bachelor’s degree from an accredited university
  • Two continuous years of professional experience employing the principles of financial and managerial accounting
  • Annual CPE credits and an active IMA membership
  • Passing the rigorous CMA exam

Chartered management accountants with the CGMA designation are governed by a similar set of competencies and rules, but this designation is not available in Canada.

There are a number of competencies that a CMA is expected to achieve during and after designation, including:

  • Preparation of financial statements
  • Financial planning & analysis
  • Strategic management
  • Auditing (external or internal)
  • Manage general ledger and balance sheets
  • Forecasting and analysis
  • Company investment decision making
  • Costing analysis
  • Risk evaluation and management

Certified management accountants in particular are seen as not only accountants, but financial managers, leading a company to success through sound financial planning and ethical decision making.

Management Accounting Outsourcing Services from Accountor CPA

Accountor CPA is the choice of corporations across Canada for management accounting outsourcing services. Whether you need comprehensive accounting services, including financial accounting and cost accounting, or simply need a qualified CPA to handle your management accounting annually, we can help.

The basic and advanced management accounting services our advisors offer include:

  • Compiling and creating managerial reports monthly, quarterly, and/or annually
  • Analyzing the company budget and financial reports
  • Analyzing performance reports and making recommendations
  • Calculating gross margins and profit margins
  • Cash flow planning and management
  • Production line and sales process analysis
  • Analyzing capital expenditure
  • Performing trend analysis and forecasting
  • Product valuation consulting
  • Financial statement analysis and consulting
  • Providing advice and consulting for minimizing costs and simplifying business operations
  • Processing payroll
  • Bank reconciliations and prepare and lodge Business Activity Statements
  • Accounting software integration and management
  • Presenting managerial reports to management as required
  • General accounting activities

With fully remote services, we can work on your schedule to provide the flexibility and support you need.

Part Time Management Accountants

In many cases, small businesses and enterprises can benefit from basic management accounting reports and information, but do not have the resources or need to expand their in-house accounting team. In other cases, corporations with small management teams have a good handle on their finances and do not need to work with a regular management accounting firm.

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If these situations sound like your business, you could benefit from a part time management accountant. With scalable and customizable options, a part time management accountant is qualified and experienced and can generate reports and analysis to help inform your decision making - without the cost of a full time employee.

Just because you do not have a need for a full time managerial accountant does not mean you have no options. Learn more about our virtual part time management accounting services and how they can help your business at your scale.

Management Accounting Consulting Services

If your business is growing rapidly, you often realize you need a certified management accountant quickly. However, if your enterprise is experiencing slow and steady growth, it can be difficult to determine whether or not you need full time management account services. This is where management accounting consulting comes in.

At Accountor CPA, we offer management accounting consulting services to provide you with valuable information and direction regarding your financial planning, cost analyses, financial management, and decision making. Management accounting consultants can also help you make the best decisions for your business’ finances during an audit or to fulfil legal obligations in situations like mergers and acquisitions.

What are the Benefits for Outsourcing A Certified Management Accountant?

Management accounting is a highly effective process for competitive and fast-paced business environments where quick decisions need to be made regularly. It allows management to understand operational data and implement solutions to situations quickly.

Working with the management accountants at Accountor CPA comes with a number of benefits for your business.

Create a better budget

Using operational data and financial statements strategically, you can better understand your profit margins, expenses, and overhead costs. This data paired with historical information can create accurate forecasts to plan budgets that actually suit your goals and needs. Don’t create budgets based off just one factor - managerial accounting takes everything into account.

Minimize costs

Financial statements help you see areas where you are spending the most money, but how do you know the consequences of cutting these costs? Managerial accounting provides detailed information to help you decide the risks and benefits of minimizing specific costs, so you can reduce expenses to best benefit your company.

Find innovative sales tactics

Management accounting gives you a clear idea of your cash flow and budgeting, so you can choose innovative sales tactics to boost brand recognition, sales, and reputation. You have the freedom to experiment with creative sales strategies knowing the financial risks and consequences.

Move on new products fast

Does your industry rely on new technology or trendy products? You can make decisions about new tech and products quickly to be the first on the market with them.

Beat out the competition

If you are not working with a management accounting firm, your competitors probably are. Don’t let your competitors beat you to the latest trend or newest products because they had the ability to execute decisions more quickly than you. Get ahead of the competition with good managerial accounting and reports.

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Manage cash flow more easily

Increase the control you have over your cash flow. Always know where your money is, how it can be accessed, and how it can be maximized. Managerial accounting allows you to free up more cash flow so you do not get caught by unexpected costs.

Scale your services as you grow

Management accounting outsourcing allows you to scale your services as your enterprise grows. You do not have to worry about hiring internally or downsizing as your needs change. We can meet your company’s ever changing needs to provide the reports and information you need, when you need it.

Improve productivity

Not only does managerial accounting make the decision making process quicker, it also improves productivity throughout your business operation. Simplify workflows, fill in gaps where needed, and ensure your teams have the support they need to work efficiently.

What are the Different Types of Management Accounting?

There are five main types of management accounting that a corporation can implement to streamline and simplify their business operations financially. Each comes with its own purpose and sets of benefits to help managers and directors achieve their business’ goals.

Margin Analysis

This report analyzes the incremental benefit of increased production. This flows into the breakeven analysis which calculates the contribution margin on the sales mix to determine the unit volume at which the business’ gross sales equal total expenditures.

This can be used to determine the price point for products and services.

Constraint Analysis

This analysis indicates limitations within a sales process or production line. Management accountants can determine where constraints occur and calculate the impact they will have or have had on the cash flow, profit, and revenue.

Capital Budgeting

Managerial accountants use Generally Accepted Accounting Principles to help corporations determine when, where, and how to spend their money. Standard capital budgeting metrics help decision makers weigh whether or not to embark on costly projects or take on risks.

With sound capital budgeting, management can also anticipate future costs and benefits by analyzing product or service demand.

Trend Analysis / Forecasting

This is one of the most essential types of management accounting. Decisions are made based on historical information - pricing, sales volumes, geographic locations, customer trends, and financial data. Managerial accountants use this data and investigate unusual variances or deviations to calculate and project future financial situations.

Product Cost / Valuation

It is imperative to determine the actual cost of products and services to better understand sales and profit margins. Overhead costs and direct costs are used to assess the cost of goods sold and inventory that may be at different stages of production.

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Could your company benefit from these types of management accounting?

Managerial Accounting Reports

There are a number of types of management accounting reports to help guide managers to offer better employee benefits or incentives, cut costs, or renegotiate terms and contracts.

Some of the most common types of managerial reports are:

  • Account receivable aging reports

    If your business relies on extending credit to clients or has long payment periods, this report breaks down remaining balances into specific time periods to identify debtors and potential issues. This can help provide clarity on if your company needs to tighten credit policies or shorten payment schedules.

  • Performance reports

    The performance of the entire company, specific departments and teams, and individuals must be measured at regular intervals to identify underperformers, gaps in workflow administration, or areas that need more or less support to succeed.

  • Cost managerial accounting reports

    This report shows the cost prices of items versus their selling prices for managers. Raw materials, overhead, labour, and other costs are taken into consideration to determine and monitor profit margins and make decisions about a product and its associated costs.

There are also other managerial reports that a corporation may need, including competitor analyses, project reports, and order information reports. An experienced management accountant will have the skills to create the report that you need to make informed decisions for your company.

Get the Benefits of a Professional Management Accounting Firm

If you or your management are looking to make more informed and timely decisions at your company, management accounting services can be the solution you need.

The team of qualified and certified management accountants at Accountor CPA offer personalized outsourced managerial accounting services to corporations, SMEs, small businesses, and start-ups across Canada. We use our years of experience to analyze existing financial statements and costs, compile informative reports, and provide invaluable advice to you firm’s management.

We will help you grow your business like never before and achieve your financial goals.

Contact Accountor CPA for a free consultation today. Let us show you what management accounting services can do for your business.

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FAQs

Can you still get a CMA in Canada? ›

With a minimum score of 75% in the last 20 graded term courses at the university level, the candidate is eligible to apply. Applicants must complete a 4 year Bachelor's degree or three years Bachelor's degree, and a 1 year Master's degree with a first-class score of 4 out of a possible 5.

Does Canada accept CIMA? ›

CIMA is the world's largest professional body of management accountants offering the most relevant accounting qualification for a career in business. The CIMA branch was established more than 35 years ago to serve members in Canada.

Is CMA still in demand? ›

CMA graduates are in demand for every area of recruitment, such as finance, management, accounting and research institutes. Most companies in India and abroad prefer CMA graduates to work with their company or institution as they are proficient in their sectors.

What is the salary of a CMA in Canada? ›

The average cma salary in Canada is $50,000 per year or $25.64 per hour. Entry-level positions start at $40,481 per year, while most experienced workers make up to $75,903 per year.

Is CMA valued in Canada? ›

The CMA Canada designation is pretty much designed for Canadians only, with restrictive educational and experience requirements. If you are a Canadian, the benefits of getting CMA (Canada) are that the exam is easier and you can get a “CPA” title now with the CA/CMA/CGA unification drive.

Does CMA have future? ›

Career Prospects after completing CMA

It will help you enhance your financial, accounting, and management skills that will expand your career potential and which will help you to stand out from the rest. Some of the job roles that you expect after completing CMA USA are: Finance Manager. Financial Analyst.

Is CIMA better than CA? ›

Because of its steep learning curve, extensive curriculum, stringent passing percentage, and complex examination pattern, the CA (Chartered Accountancy) is considered a challenging option. In contrast, CIMA offers a lot of comfortable and flexible exam pattern that results in a passing percentage of 40% to 50%.

Which country is best for CIMA jobs? ›

London in the UK, Dublin in Ireland and Johannesburg in South Africa are the salary hotspots where students are most likely to be in the top tier.

Is CIMA better than ACCA? ›

However, depending on your career goals and what you want from a qualification, CIMA may be better if you're looking to pursue management and strategic roles. Whereas ACCA may be better if you want to develop specialist accounting skills and knowledge.

Why is CMA not popular? ›

It is considered almost equivalent to Chartered Accountancy, but has been struggling for a long time when it comes to scope and salaries. This is because a CMA is primarily required in large production or services companies. Small business and startups don't usually need CMAs and often can even afford one.

Is CMA hard to pass? ›

The CMA exam is very difficult and it will test your intellectual limits. The industry average CMA pass rate for both sections is only 45%, meaning less than half of the people taking the test will pass. The CMA exam is notorious for its rigor and difficulty, and if you want to pass, you need to prepare.

Which country is best for CMA? ›

CMA USA is the best choice for you if you're interested in Management Accounting and Finance while planning to settle down in India, the Middle East, or Canada. If you like Accounting and Auditing then you could choose ACCA.

Is CPA or CMA better? ›

As far as differences go, it's pretty clear that the biggest difference between CMA vs CPA is the particular skills they possess. CMAs are more strategic and forward-thinking partners in business, while CPAs are mostly focused on taxation, auditing, and the day-to-day accounting activities.

Which CMA has highest salary? ›

Highest salary that a CMA can earn is ₹50.0 Lakhs per year (₹4.2L per month).

Do all CMA get jobs? ›

All jobs that CMA offers are well paying, and after the completion of the CMA course, candidates can apply for positions such as a Financial Controller, Chief Financial Officer, Cost Accountant, Relationship Manager, Management Accountant, Financial Analyst, etc.

How long is CMA course Canada? ›

In most cases, this will take two years. Candidates are required to obtain 24 months of relevant work experience, 12 months of which must be obtained during the Strategic Leadership Program. Up to 12 months of previous work experience may qualify for this requirement.

What course is better than CMA? ›

The average salary of a Chartered Accountant in India is 8,06,154 INR pa while a Certified Management Accountant makes 5,50,000 INR average income pa. Thus, we can conclude that a CA earns more than a CMA.

Which accounting course is best in Canada? ›

Master's Degrees in Accounting in Canada
  • Master. Accounting. York University - Schulich School of Business. ...
  • Master. Business Administration - Accounting (Fast-Track) Centennial College. ...
  • Postgraduate Certificate. Advertising - Account Management. Humber College. ...
  • Postgraduate Certificate. Fraud Examination and Forensic Accounting.

What are the disadvantages of CMA? ›

Some disadvantages of the CMA certification is the time and monetary investment it will take to get it. Of course, this investment pays for itself when you factor in the break-even rate, how much you can make in salary, and the new positions and job opportunities that will open up for you.

Is CMA better than MBA? ›

IMA's 2021 Global salary survey on CMA

The latest Global Salary Survey 2021, from IMA (Institute of Management Accountants) revealed that a median salary of a CMA professional is above 58% higher than non-CMAs and MBA.

Is it worth getting a CMA? ›

Searle says the CMA certification provides a very large advantage in the job market. There are jobs that require either a CPA or CMA designation, he says. CMAs are exceptional when it comes to supervising teams, managing projects, and making high-level business decisions.

Who Earns More CIMA or ACCA? ›

When it comes to India an ACCA certification is considered to be on par with a Chartered Accountant qualification. The average salary of a starting ACCA accountant is about 15 LPA which can go up to 50 LPA with experience and skills.

Which degree is best with CIMA? ›

Masters of Business Administration (MBA): Whilst studying for an MBA, you will learn about business management, administration, finance, HR and operations management.

Can you convert CIMA to CA? ›

The SAICA Board has approved the following for CIMA members wishing to obtain the CA(SA) designation in order to become members of SAICA: Complete a CTA degree. Write and pass the SAICA ITC examination. Complete at least 18 months training under a SAICA training contract.

Is CIMA better than CMA? ›

Both USA CMA and CIMA are better choices that can be used to develop expertise in areas of finance. Choosing any of these courses is bound to lead to high salaries, better job opportunities, and even internships abroad. The final decision to choose between CIMA or CMA US should be based solely on your interest.

Which level of CIMA is the hardest? ›

CIMA F2 is one of the hardest exams you'll study in your CIMA exams. The pass rate is just 57% and, more than that, it's on a subject that most management accountants don't use in their working life, so everything is probably new and hard to associate with.

Is CIMA on demand? ›

We have more than 15,000 new jobs in finance, accounting and business, with new roles being added every day. That means you have a real good chance of catching the eye of top employers and recruiters looking for CIMA qualified professionals.

How difficult is CIMA? ›

As a tutor, I know that the CIMA course material is complex. Particularly if you have limited previous accounting experience, work full-time, and strive to complete all the exams in 3 years. A combination of these things makes CIMA more difficult. But it's not beyond your ability – if you're absolutely committed.

Is CIMA equivalent to Master's degree? ›

CIMA Professional Qualification (CGMA) – Equivalent of a master's degree in Accounting, and highly regarded around the world and recognised as the most relevant global finance qualification for business.

Is ACCA tougher than CMA? ›

Pass percentages: To know which is tougher, you should consider the pass percentage and as you will see the CMA is much tougher than passing ACCA the pass percentages for CMA are near to 20% whereas pass percentages for ACCA are on an average of 40-50%. No wonder why CMAs get more salary than ACCA!

Who earns more CMA or CPA? ›

Over the course of the career, the average salary of a CPA hovers around $120,000, while that of a CMA is around $100,000.

Is CMA harder than CPA? ›

CPA vs CMA Exam Difficulty

Historically, the CMA exam has a slightly lower pass rate of around 45% for Part 1, Part 2 combined, compared to close to 50% for the combined CPA exam. Candidates for the CMA have three years to pass both parts of the exam.

Who pays more CMA or CA? ›

The complete duration of CMA course is a minimum of 3-4 years. A Chartered Accountant just after passing out can receive an average salary of around 6-7 lakhs. Whereas, candidates who have passed CA exams in their first attempt can receive up to 10-12 lakhs. Salary of Rank holders can go above 25 lakhs.

How fast can you get CMA? ›

You're required to pass both CMA® (Certified Management Accountant) exam parts within three years, but you can pass (and start reaping the benefits) within one year with a dedicated study plan. Overestimating or underestimating how long it'll take you to prepare can negatively impact your studies.

How can I prepare for CMA in 3 months? ›

Stay focused and study in concentrated 3-hour time intervals. Take a 1-hour break every three hours. Be sure to exercise – a healthy body is a healthy mind when it comes to these exams. Studying for three months, one hour a day is less effective than studying for one month at three hours a day from my experience.

Is CMA harder than MBA? ›

This, of course, depends on the MBA track and school, but earning your CMA certification is almost always faster than completing an MBA. You can even take the CMA Exam before finishing your undergraduate degree and then complete the certification process after you garner two years of experience in the field.

Which city is best for CMA? ›

Certified Management Accountant (CMA) Coaching
  • Popular cities.
  • Bangalore.
  • Chennai.
  • Delhi.
  • Hyderabad.
  • Mumbai.
  • Ahmedabad.
  • Kolkata.

Which company is best for CMA? ›

Other Great CMA Firms in Delhi
  • Godfrey Phillips India Ltd.
  • Poddar Global.
  • Soma Isolux Kishangarh Beawar Tollway Private Limited.
  • BDO International.
  • National Handicapped Finance and Development Corporation.
  • RSM Services.
  • Lodha & Co.
  • Grant Thorton India.

Can I go abroad after CMA? ›

Can a CMA go abroad? Of course, you can go abroad and find jobs after CMA certification. Over 100 countries recognize the CMA qualification. You can travel to any of these countries and can easily land a well-paid job with the help of this qualification.

Can you put CMA after your name? ›

The Institute of Cost Accountants of India (ICMAI) has asked students and non-members to not use the prefix 'CMA' with their names. Only an Associate Members (ACMA) and Fellow Members (FCMA) of the Institute are authorized to use 'CMA' as prefix to their name, ICMAI has said.

Is CMA the toughest exam? ›

The US CMA Exam is considered as hardest as it tests the intellectual limits of an individual. The average passing rate for both sections is 45%, which implies less than half of the candidates taking the test rate will pass. Qualifying for any exam requires preparation and so this.

Is CMA a stressful job? ›

So it is a full of responsibility job not stressful where you need to take care all the things carefully. You may advance to higher-level positions within the management accounting world, such as accounting manager, budget director, chief cost accountant or internal auditing manager.

What is the monthly salary of a CMA? ›

The CMA salary in India ranges from Rs 3 lakhs to Rs 40 lakhs with an average salary of Rs 10 lakhs per annum (Rs 83000 per month).

Which part of CMA is easier? ›

If you are more familiar with the Part 2 topics than the Part 1 topics, then you should start with Part 2. Otherwise, start with Part 1. Many people believe that CMA Part 2 is easier than CMA Part 1 because Part 2 has a higher pass rate. However, this does not mean that Part 2 is easier.

Does Canada use medical assistants? ›

In Canada, a medical assistant or medical office assistant (MOA) is usually someone who handles multiple administrative duties and sometimes takes care of a few basic clinical tasks. The most common job titles include: Medical office assistant. Medical office administrator.

Can I register for CMA now? ›

CMA Foundation Registration 2023 - The Institute of Cost Accountants of India (ICMAI) has opened the registration of CMA Foundation 2023 for June 2023 session. Candidates can complete their CMA Foundation 2023 registration for June 2023 session till January 31, 2023.

What is Canada's largest CMA? ›

Canada's largest metropolitan area is Toronto, in Ontario. In 2021. Over 6.5 million people were living in the Toronto metropolitan area. Montréal, in Quebec, followed with about 4.4 million inhabitants, while Vancouver, in Britsh Columbia, counted 2.8 million people as of 2021.

Which country is best to study CMA? ›

Here is a summary based on my observations:
  • US: CMA much more recognized.
  • UK and Commonwealth countries: CIMA is much more recognized, less so for Canada and Australia.
  • Canada: CPA Canada is the best; CMA is slightly better than CIMA.
  • Middle East: CMA and CIMA have similar standing.
  • China: CMA considerably more recognized.

Where is the best place to live in Canada? ›

Best places to live in Canada
RankCityCrime rate per 100,000
1Quebec City3,075
2Hamilton3,953
3Ottawa3,898
4CharlottetownN/A
6 more rows

Can I be a medical assistant without a degree in Canada? ›

Medical Office Assistant Program Timeline

Most job opportunities will expect at least a certificate-level education. Currently, in Canada, there is no licensure or certification examination requirement for medical office assistants.

What are medical assistants called in Canada? ›

The Canadian Forces developed into the Medical Assistants in the 1960s. It was not until 1984 that the name was changed to Physician Assistant.

How can I apply for CMA 2022? ›

The candidates whose results for the class 12th are awaited can also fill out the form of CMA foundation under the provisional registration option. To fill out the registration form for the CMA foundation exam 2022, the candidates will have to enrol themselves on the official website of the CMA Institute.

Is CMA exam online 2022? ›

CMA Examination Schedule June 2022 - Intermediate and Final

The CMA exams for Inter and final will be conducted in online, computer-based test mode. Candidates can check the detailed schedule below.

What is the last date for CMA Inter registration 2022? ›

Notification. Notification : Foundation Examination Notification for December 2022 Term. Notification : Intermediate and Final Examination for December 2022 Term. Cut-off-date for further extension of registration/enrollment of students for June-2022 term is extended up to 25th February (Friday), 2022.

What are top 5 CMAs in Canada? ›

List
Rank (2021)Rank (2016)Geographic name
11Toronto
22Montreal
33Vancouver
45Ottawa–Gatineau
50 more rows

How many Canadians live in a CMA? ›

On July 1, 2018, 26,497,722 people were living in one of the 36 census metropolitan areas (CMAs) in Canada Note 1. The proportion of the population living in a CMA continued to increase to 71.5%, or more than 7 in 10 Canadians, up from 2008 (69.7%).

Is Toronto a CMA? ›

The land area of all CMAs is 92,648.98 square kilometres with 249.58 persons per square kilometre.
...
Census subdivisions in the Toronto CMA.
Census subdivision (CSD) nameRichmond Hill
TypeT
Population2011185,541
2006162,704
% change14.0
23 more columns

Is CMA hard to study? ›

The CMA exam is very difficult and it will test your intellectual limits. The industry average CMA pass rate for both sections is only 45%, meaning less than half of the people taking the test will pass. The CMA exam is notorious for its rigor and difficulty, and if you want to pass, you need to prepare.

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