Metacognition is a required cognitive ability to achieve deep and meaningful learning that should be viewed from both an individual and social perspective. Recently, the transition from the earliest individualistic models to an acknowledgement of metacognition as socially situated and socially constructed has precipitated the study of metacognition in collaborative learning environments. This metacognitive construct was developed using the Community of Inquiry framework as a theoretical guide and tested applying qualitative research techniques by way of developing a metacognition questionnaire. The results indicate that in order to better understand the structure and dynamics of metacognition in teacher education programs; we must go beyond individual approaches to learning and consider metacognition in terms of complementary self- and co-regulation that integrates individual and shared regulation. This research study examines this shared metacognition framework and the use of digital technologies in the 3rd year of a Canadian Bachelor of Education program. Teacher candidates completed both the Shared Metacognition and Community of Inquiry surveys. The results indicate that a teacher must use digital technologies to intentionally design, facilitate, and direct a collaborative constructive learning environment in order for students to learn how to co-regulate their learning (shared metacognition).