A.C.S.B. Designation Program - Frequently Asked Questions

For Past University of Toronto SCS Students:


I am a past student, so what do I need to do?

Past students of the University of Toronto School of Continuing Studies (SCS) who have previously taken courses towards their A.C.S.B. Designation will be required to register with McMaster Continuing Education here: https://mcmastercce.ca/surety-bonding.


How do I apply the courses that I’ve already taken towards my Designation?

Students who have already completed some of the required core and/or elective courses should request an SCS transcript to be sent to SAC’s Head Office which will be held on your student file until you have completed the remaining courses.

Information on requesting a transcript and the associated fee can be found here: https://learn.utoronto.ca/sites/default/files/2018-11/Transcript%20Order%20Form.pdf


I understand that I may be eligible to also obtain the McMaster Continuing Education Academic Certificate, how do I transfer the credits?

In addition to receiving the designation of Associate of Canadian Surety Bond (A.C.S.B.) conferred by the Surety Association of Canada upon successful completion of the program, students may also be eligible to receive a McMaster Continuing Education Academic Certificate.

Learners who have completed SCS 0933 (Principles of Suretyship), SCS 0934 (Contract Surety) or SCS 0935 (Construction & Surety Law) through the University of Toronto’s School of Continuing Studies or the equivalent of ACC 925 (Introductory Financial Accounting) at other post-secondary educational institutions may apply for a maximum of two (2) transfer course credits toward McMaster Continuing Education’s Associateship of Canadian Surety Bonding Certificate.

For more details on transferring credits, visit: https://mcmastercce.ca/surety-bonding/transfer-credit

Important note: Students must be approved for their A.C.S.B. Designation before being granted approval for a McMaster Academic Certificate.

For Prospective and/or New Students:


What courses do I have to take through the A.C.S.B. Designation Program?

Students are required to complete four (4) core courses and two (2) electives through a distance/online learning platform. Please refer to McMaster Continuing Education’s list of courses found here.


Who should take this program?

The program examines surety bonds and the suretyship process in some detail and was designed as a learning vehicle for students who plan on embarking on a career in the surety industry.

While it’s not intended for individuals in other disciplines or industries, students from outside the surety world are free to take these courses if they wish.


I am a new student interested in taking the A.C.S.B. Designation Program, how do I register?

First, students should download and complete the A.C.S.B. Application Form and mail their completed form to SAC’s head office along with a one‐time, non‐refundable program application fee. The form and details on the application fee can be found here.

An application form and payment can be mailed to: Surety Association of Canada, 6299 Airport Road, Suite 709, Mississauga, ON L4V 1N3.

Once received, students will then receive a confirmation email, at which time they will be required to register through the McMaster Continuing Education website for an upcoming course.


How much does the program cost?

Program registrants are required to pay a one-time, non-refundable program application fee. Employees of full member firms pay $200 and employees of affiliate member firms pay $400. Non-member firm employees pay $1,000 to enroll in the program.

Once enrolled in the program, Students are also responsible for submitting payment directly to McMaster Continuing Education for each of the six (6) courses that are required to complete to be considered for the designation. Note: McMaster Continuing Education sets individual course fees. Prices fall between $700 to $850 per course, plus course materials and exam fees.


How are the courses offered?

The courses are offered through a distance/online learning platform.

Most of the course materials are available through the McMaster University Campus Store here: https://campusstore.mcmaster.ca.

For more details about each course, the course outlines can be found on-line here: https://mcmastercce.ca/surety-bonding/course-outline.


Are exemptions available?

Yes. Students can apply for an exemption from the course titled: Introductory Financial Accounting (ACC 925).

To be granted an exemption, students must submit appropriate documentation including a certified transcript from an accredited post‐secondary educational institution where they successfully completed an equivalent course. This should be submitted to SAC at the time of registration in the program.

Students may also be eligible to obtain an exemption for the accounting course towards the Academic Certificate awarded by McMaster Continuing Education. Contact MCE directly at surety [at] mcmaster.ca for more details.

If students are granted an exemption, they are still required to complete five (5) courses; three (3) core courses and two (2) elective courses.


Are any other exemptions allowed?

No other exemptions will be allowed. Please note that work experience cannot be used toward exemptions from any of the courses.


What is the passing grade required for courses?

All courses require a passing grade of 50% (D-) to be eligible for the A.C.S.B. Designation. Please refer to the McMaster Continuing Education website for more details pertaining to their Academic Certificate.


How long do I have to take all 6 courses?

In order to receive the designation, students are required to complete the required course work within eight (8) calendar years from the time of registration in the program.


I finished the 6 courses – can I start using the designation?

No. After successful completion of the six (6) courses, students must provide a certified transcript from McMaster University Continuing Education and/or the University of Toronto SCS for courses taken prior to January 2020 to SAC’s head office. These transcripts will be reviewed by the Program Coordinator and those meeting the requirements will be submitted to the SAC Board of Directors for approval. The designation only becomes “official” once the board has given formal approval.


How do I apply for the McMaster Continuing Education Academic Certificate?

In addition to receiving the designation of Associate of Canadian Surety Bond (A.C.S.B.) conferred by the Surety Association of Canada upon successful completion of the program, students may also be eligible to receive a McMaster Continuing Education Academic Certificate.

Students would need to “apply to graduate” through McMaster Continuing Education’s student centre. For more details on the process, contact surety [at] mcmaster.ca.

Important note: Students must be approved for their A.C.S.B. Designation before being granted approval for a McMaster Academic Certificate.


I changed employers during the program – does that matter?

No. Just let SAC know so we can update your student file at SAC’s head office.


Can I take this program in French?

Currently the program is only offered in English, however, SAC is currently developing a French-version. More details will be shared when available.


I have more specific questions, who can I speak to?

Please feel free to contact the Surety Association of Canada directly at (905) 677‐1353 or by email at surety [at] suretycanada.com.

McMaster Continuing Education can also be reached at (905) 525‐9140 ext. 24321 or toll free at 1‐800‐463‐6223. Emails can also be sent to surety [at] mcmaster.ca.