Conducting an IPC

[aviran]

Hey everyone,
yeah it's me again.
I was reading AC No. 401-004, and it State the following:

1. be conducted by any of the following persons that holds a valid instrument rating for the same group of aircraft pursuant to Standard 421.46(1) of the CARs:
   1. any qualified Transport Canada Civil Aviation Inspector or Canadian Pilot Examiner authorized to conduct Instrument Rating flight tests who meet the requirements of subsections (1) and (9) of Standard 425.21 of the CARs; [Qualified on the aircraft type and meets the aircraft familiarity requirements of the Pilot Examiner Manual];
   2. any Canadian Approved Check Pilot (ACP) that is authorized to conduct PPC/ IFC flight checks and who meets the requirements of subsections (1) and (9) of Standard 425.21 of the CARs, [Qualified for and familiar with the specific type or variant of aircraft on which the IPC is conducted and meets the aircraft familiarity requirements of the Approved Check Pilot Manual. Subsection 425.21(9) does not require the holding of a Flight Instructor Rating.];
   3. a person who holds an authorization equivalent to a Canadian pilot examiner or ACP from a Contracting state having a reciprocal licensing agreement with Canada; or
   4. a Canadian Forces Instrument Check Pilot, provided that the person being tested is a member of the Canadian Forces.

So my question is - to my understanding, for most FTU that would mean only a PE can conduct an IPC, correct? I'm asking as an FAA licensed it is, by far, easier for me to meet a CFII in the States and get the IPC done there, not to mention cheaper (and TC already confirmed that an FAA CFII is equal to a PE, even though it's an instructor Vs. Examiner, because the CFII must pass a flight test to become one and the FAA recognize them as authority to it, and so does TC).