Retired & Inactive Status

Retired Status

Professional Retired Status recognizes Certified Treasury Professionals (CTPs) and Certified Corporate FP&A Professionals (FPACs) who have permanently retired from active practice in either  treasury, FP&A, finance or accounting field(s) and who wish to apply for Retired Status. Retired Status cannot be used to retain the certifications due to hardship, unemployment, sabbatical or illness.

Apply for Retired Status

Requirements for Retired Status

• Applicants must have successfully completed at least one three-year certification cycle and must be a certificate holder in good standing.
• Applicants who are within six (6) months of their cycle end date must first recertify before applying for retired status.

Once accepted into Retired status, the certificate holder may no longer use the "Certified Treasury Professional", "CTP", "Certified Corporate FP&A Professional", "FPAC", "Certified Cash Manager", "CCM", "Certified Treasury Professional with Mastery of Canadian Treasury Management", "CTP (CD)", designations. Instead, "Certified Treasury Professional (Retired)", "CTP (Retired)", "Certified Corporate FP&A Professional (Retired)", "FPAC (Retired)", "Certified Cash Manager (Retired)", "CCM (Retired)", "Certified Treasury Professional with Mastery of Canadian Treasury Management (Retired)" or CTP "(CD)(Retired)" designations are to be used in your professional correspondences.

Benefits of Retired Status

• The credential holder will maintain continued use of the designation for the duration retired status is held.
• The requirement to submit continuing education credits and recertification fees are suspended.
• The certification will not lapse and the credential holder will retain a "good standing" record.
• A fee is not required to apply for retired status.
• A reactivation fee is not required. 

Reactivation Under Retired Status

• The credential can be re-activated if the credential holder returns to a full or part-time treasury, FP&A, finance or accounting- related position.
• The credential holder must submit to the AFP Certification Committee, a letter requesting reinstatement, 36 (CTP) or 45 (FPAC) continuing education credits in the areas of treasury, FP&A, finance or accounting, proof of attendance, the Recertification Reporting Form and applicable recertification fee.
• Upon approval the credential holder's record will be re-activated to begin the recertification cycle on July 1st of the year in which the request is confirmed and a new certificate will be issued.

Inactive Status

CTP or FPAC Inactive Status recognizes credential holders who are unable to meet the recertification requirements due to an unusual and/or extenuating circumstance.

• During the period of Inactive Status, the designations cannot be used until it has been successfully reactivated.
• A credential holder may hold inactive status for no more than five years (60 months) from the date of confirmed approval. During this period the certification will not lapse and the requirement to submit recertification credits and the recertification fee will be suspended.
• The credential holder's certification record will remain in good standing.
• Further extensions beyond the 5 year period will not be granted. If the credential is not reactivated within 5 years the credential will be revoked and the credential holder will be required to apply for reinstatement under the reinstatement requirements in effect.

Eligibility for Inactive Status

• To be eligible for Inactive Status, the applicant must be a certificate holder in good standing.
• Application for inactive status must be submitted no later than March 1 of the year the applicant is due to recertify.

Reactivation Requirements

To reactivate the CTP or FPAC credential, a credential holder with inactive status is required to submit the following:

Recertification Cycle Dates After Reactivation

After reactivation your first recertification cycle will begin July 1 of the year in which your credential becomes active.