CIRP Qualification Program (CQP)
The Chartered Insolvency and Restructuring Professional Qualification Program or CIRP Qualification Program (CQP) is the official qualification process for individuals seeking to become a Chartered Insolvency and Restructuring Professional (CIRP). Additionally, this is the path to become a Licensed Insolvency Trustee.
Under the terms of a Memorandum of Understanding (MOU) between CAIRP and the OSB, CAIRP assumes sole responsibility for the creation, delivery and maintenance of the education program required to become a CIRP, Licensed Insolvency Trustee and qualified insolvency counsellor. The program is named the "CIRP Qualification Program, or CQP".
The CQP is designed to develop, in conjunction with work experience in the field, the knowledge, skills and abilities or competencies candidates require to become CIRPs and eventually LITs.
If you are interested in a career as an insolvency and restructuring professional, CAIRP offers the CIRP Qualification Program (CQP) that leads to CAIRP’s professional designation, Chartered Insolvency and Restructuring Professional (CIRP) and the Office of the Superintendent of Bankruptcy’s license to practice as a Licensed Insolvency Trustee (LIT).
CQP Entrance requirements:
Program entrance requirements were revised as of January 2021. To be eligible for admission to the CQP, applicants must ordinarily reside or practice in Canada and must either:
Hold a relevant professional designation relating to the accounting or auditing field recognized in Canada
Hold an undergraduate degree from a recognized post-secondary institution
An applicant that does not meet the requirements above may be considered for admission at the sole discretion of the CQP Committee, upon demonstration, through a combination of sponsor support, relevant insolvency work experience and educational background, that the candidate may likely be successful in the program.
Applicants who want to enquire whether or not they meet the requirements may contact the Registrar at ().
For more information on the CQP, please consult the CQP Program information.
Applicants must complete an online Application along with a non-refundable application fee. Once the application has been approved, the candidate will be sent instructions on how to register for the first course. Once the payment is made, login instructions for the first course will be e-mailed to the candidate. The CQP Application Form can be found below.
Please carefully review the CQP Program information prior to applying to the Program:
* All CQP candidates may complete the Introduction to Insolvency Course before they choose a sponsor. However, all candidates are strongly encouraged to have a sponsor as soon as they start the Program so as to optimize their chance of success. At all times during the remainder of the Program, candidates must have a sponsor to direct their studies, mark assignments, act as mentor, and attest to their readiness to be examined.
Disclaimer of Liability
The CQP reserves the right to amend course information, prices, and any other information on this website. In any instance of discrepancy between information on this website and other information provided by the CQP, the most recent information, as stipulated by the CQP Registrar, shall take precedence.
In all instances, it is the responsibility of applicants and candidates to ensure they have requested and obtained accurate information about the CQP and the steps to become a CIRP and/or a licensed Insolvency Trustee. In no instance will the CQP be liable for any expenses, potential losses, or unrealized revenue that might be portrayed as having occurred either as a result of the refusal of the CQP to admit an applicant into the Program or from any failure of a candidate to become a CIRP and/or a Licensed Insolvency Trustee.
Completion of the CQP is generally a prerequisite to receiving an invitation from the OSB to challenge the Oral Board examination for the purpose of obtaining a license as a Licensed Insolvency Trustee.How to Become a Licensed Trustee
General exam rules
All CQP examinations are completed online using Examsoft software. Due to the continuing COVID restrictions, examinations will be held remotely.View exam rules
The CIRP Competency profile
The knowledge, skills and abilities required of an entry-level Chartered Insolvency and Restructuring Professional (CIRP). These are assessed through examinations and practical experience.Download competency profile