Mental Health and Well-being CPD for Canadian Accountants

In Canada, the accounting profession requires accuracy, strong ethics, and reliable skills. Chartered Professional Accountants (CPAs) face high pressure, tight deadlines, and complex rules, all of which affect their mental health and performance. To support them, making mental health and well-being part of mandatory Continuing Professional Development (CPD) is increasingly important.

The accounting profession reflects growing awareness of mental health challenges. Research discussed by CPA Canada back in 2022 showed that 52% of surveyed accounting professionals reported experiencing a mental health issue, with anxiety, stress, and burnout being common. Furthermore, recent data from Robert Half suggests nearly half (47%) of all Canadian workers feel burned out, a figure that has been rising year over year. The ongoing shortage of accountants in Canada, with BNN Bloomberg reporting 90% of finance hiring managers struggling to fill roles in early 2024, exacerbates workloads and contributes to burnout among existing professionals.

This article explores why prioritising mental health and well-being through CPD is crucial for Canadian CPAs and explains how this type of learning aligns with professional standards and contributes to a more resilient and effective accounting profession.

Why Mental Health Matters for CPAs

Accountants operate at the intersection of finance, regulation, and business strategy. The specific stressors they face are unique and multifaceted:

• Intense Deadlines: Tax seasons, year-end reporting, and audit deadlines create periods of extreme pressure and long hours.

• Regulatory Complexity: Staying up to date with the ever-evolving standards (e.g., IFRS 18) and tax legislation requires continuous learning and adaptation – a core component of CPD for Canadian Accountants.

• Client Demands: Managing client expectations, delivering complex advice, and handling sensitive financial information require high levels of emotional intelligence and resilience.

• Technological Disruption: Integrating new technologies like AI and automation into workflows adds another layer of learning and potential stress.

• Ethical Responsibilities: The weight of upholding ethical standards and maintaining public trust adds a significant psychological dimension to the role.

Neglecting mental health under these pressures can lead to burnout, decreased cognitive function, impaired judgment, increased errors, and ultimately, diminished professional competence, potentially falling short of the standards expected by CPA bodies.

Navigating CPD Requirements for Canadian Accountants

Maintaining professional competence through lifelong learning is a cornerstone of the CPA designation. CPA Canada sets the foundational principles, but specific CPD requirements are mandated and enforced by the provincial bodies.

For a deeper dive into CPD requirements for Canadian CPAs, explore CPD Formula’s article

The Value of Mental Health CPD for Canadian CPAs

For Individual CPAs

Investing in well-being helps reduce stress, prevent burnout, and sharpen focus. These courses can offer practical benefits, such as:

• learning strategies to manage pressure and prevent exhaustion

• Developing habits that support lasting mental and emotional health

Together, these skills help CPAs make better decisions, build resilience, and maintain a healthier work-life balance, essential for long-term career sustainability.

For Organisations 

Mentally healthy employees are more productive, make fewer mistakes, and deliver stronger client service. By prioritizing mental health CPD, organisations can:

• Reduce costly errors through improved focus and well-being

• Demonstrate a commitment to employee care that supports retention and morale

This not only boosts day-to-day performance but also strengthens organisational culture.

For the Profession

Supporting mental health across the field helps preserve public trust and uphold ethical standards. Mental health CPD contributes by:

• Reinforcing the profession’s reputation as values-driven and supportive

• Helping CPAs maintain sound judgment even under pressure.

These efforts promote a healthier, more sustainable future for the profession as a whole.

Finding Relevant CPD

CPAs have several reliable options for accessing high-quality CPD that supports technical skills, ethics, leadership, and well-being.

1. Provincial CPA Bodies

• Browse CPD catalogues for webinars, workshops, and conferences on tax, ethics, accounting standards, leadership, and well-being.

• Many offer Member Assistance Programs (MAPs) with confidential counselling and mental health resources.
  Example: CPABC’s partnership with TELUS Health.

2. CPA Canada

• Explore national conferences, publications, and CPD resources on professional issues and standards.

• Some offerings include content on financial literacy, stress management, and well-being.
  Visit the CPA Canada CPD & Resources page.

3. Third-Party CPD Providers

• Look for flexible, online CPD from trusted sources.
  
  Example: CPDFormula offers verifiable courses tailored to Canadian CPAs on topics like ethics, financial reporting, and personal development.

4. Employer-Sponsored Training

• In-house programs on technical tools, compliance, or leadership may count as CPD.

• Must be properly documented and aligned with CPA competencies to be verifiable.

When selecting any CPD always confirm that the course content is relevant to your professional role, the hours are quantifiable, and you will receive appropriate documentation to support your verifiable CPD claim in accordance with your provincial body's regulations.

Recommended CPD Courses and Packages on Mental Health

To support your well-being and help meet verifiable CPD requirements, consider the following curated courses and packages available through CPDFormula:

Courses

• Accountants and Mental Health
  Explore the unique psychological pressures faced by accounting professionals and learn how to recognise, manage, and respond to mental health challenges in yourself and your peers.

• From Burnout to Balance
  A practical course offering tools and strategies to recover from burnout and develop sustainable work habits that foster long-term well-being and professional performance.

Packages

• 2025 Package – Professional and Personal Development for CPAs
  This comprehensive CPD bundle is designed to help Canadian CPAs meet their annual requirements with a blend of technical, ethical, and well-being-focused content.

• Custom Package
  Build your own CPD bundle by selecting from a wide variety of courses—including those focused on mental health, leadership, and ethics. A flexible and cost-effective option tailored to your unique learning goals.

Beyond CPD: A Culture of Well-being

While individual CPD is crucial, creating a systemic culture of well-being within accounting firms and organisations is equally important. This involves:

• Leadership Buy-in: Managers and partners championing mental health initiatives and leading by example.

• Workload Management: Realistic expectations, efficient processes, and strategic staffing.

• Flexible Work Arrangements: Offering options that support work-life integration where feasible.

• Open Communication: Creating safe spaces for employees to discuss challenges without stigma.

• Promoting Time Off: Actively encouraging breaks, vacations, and use of mental health days.

• Manager Training: Equipping leaders with the skills to recognise signs of distress and support their teams' well-being.

Conclusion

Being a CPA in Canada is demanding, and it can take a real toll on mental health. Taking care of your well-being isn’t a weakness—it’s key to staying sharp, ethical, and effective at your job.

Adding mental health and well-being courses to your CPD plan helps you handle stress, meet ethical standards, and reduce risk. It’s a smart way to grow your skills while protecting your health.

By choosing CPD that supports your well-being, you’re investing in yourself, your workplace, and the future of the profession. Start exploring courses at CPDFormula today.

Q&A: Mental Health CPD for Canadian Accountants

Q: Can mental health and well-being count as verifiable CPD?
A: Yes - if it’s structured, relevant to your professional role, and properly documented, mental health and well-being can qualify as verifiable CPD.

Q: Why should CPAs prioritize mental health in their CPD?
A: Addressing mental health helps prevent burnout, improves judgment, and supports sustained performance, which is critical for meeting ethical and professional standards.

Q: What kind of mental health topics are CPD-relevant?
A: Stress management, resilience, emotional intelligence, and mental health awareness all support core CPA competencies like ethical decision-making and effective communication.