In 1992, the Canadian Insolvency Professional (CIP) designation was created for general and life members. This was intended to increase the profile of both members and the Association and addressed our mission at the time to "attract, develop and support members who are the recognized leaders in providing insolvency/business recovery services."
In 2001, we altered the CIP designation to the certification mark CIRP – adding the R for "restructuring," which better reflects the practices of our members.
Individuals seeking to become a Chartered Insolvency and Restructuring Professional (CIRP) are also on a path to become a Licensed Insolvency Trustee and a qualified counsellor who can provide financial counselling to a corporate or consumer debtor, bankrupt or relative of a bankrupt.
The CIRP designation is obtained by successful completion of the CIRP Qualification Program (CQP), administered by CAIRP. The CQP is a self-directed competency-based program developed to give candidates a theoretical, technical and practical background in insolvency and restructuring that will complement practical knowledge gained from work experience.
The CIRP Certification Mark is supported by the Rules, Bylaws and Standards of the Association, and with the advent of the CQP, a single standard of education, training and examination.
It is not easy to obtain and consequently our members display it proudly.
The Fellowship is the highest honour the Association can bestow on a member and is awarded for distinguished service to the profession. CAIRP Fellows may use the FCIRP certification mark upon signing a new licence agreement.
CIRPSwho have retired from professional life are granted the designation CIRP (Ret.).
CIRPS who have attained the distinction of Fellow are granted the designation of FCIRP (Ret.) upon retirement from the profession.