I would absolutely rather be a Chartered Accountant than a CPA. I started out in the CA program in Canada, but there was 7 courses, which almost no one got on first write, and then the horrific Uniform Final. The exams had about a 50% pass rate, and I just couldnt see writing 14 exams and then a UFE, which most people I knew did. Less than 50% ever made it to the UFE. So, I chose to go the CMA route, which was hard work, but do-able. However, it didn't do me much good. I was offered a partnership if I got a CA, but the CMA was useless. Then, when I moved to Australia, it was completely useless. I didn't get a single credit, and had to do 3 university level courses before even starting the CA or CPA. SO, I said "stuff it" and stayed in technical writing.
So, now I'm 47 and have a driving need to return to accounting and get a CA or CPA. CA is definately first, as the CPA being non-transferable and second rate (in public accounting) doesnt thrill me. HOWEVER, at
47, I am worried about my ability to compete with young hotshots just out of uni, if there is a low pass rate in the CA program. I've seen their stats, and they are a little bit misleading.
So, basically, that's the long story about why I would prefer a CA, but need to know how the exams compare.
And, yes, the US CPA is the equivalent to the CDN, UK and Aus CA.