Member fees will be sent out in the coming weeks and are due May 31, 2018. These fees support the important work of a number of organizations. In addition to CPA Alberta, a portion of your total fees goes to CPA Assist, the CPA Education Foundation, and, in most cases, CPA Canada. Fees are set at a level that allows CPA Alberta and these related organizations to meet their mandates while providing Alberta CPAs with the services they value and solidifying the long-term health of the CPA profession. This helps CPA Alberta achieve its legislated mandate and demonstrates to the government the profession’s absolute commitment to self-regulation.
Note that the majority of CPAs will be receiving their renewal notice and invoice electronically.
More information on member fees is available here.
As a CPA Alberta member, there are a number of other important deadlines for you to remember throughout the year.
CPD Reporting Declaration: Deadline March 1
The CPD reporting period is based on the calendar year (January 1 – December 31) and all members are required to make a declaration no later than March 1.
Keeping up-to-date on your skills is a must in order to remain a valued contributor to the success of your organization or your clients. By fulfilling the profession’s Continuing Professional Development (CPD) requirements, you are demonstrating your commitment to your professional skills and ensuring the reputation of the profession remains high.
For more information on CPD Reporting, please click here.
Trust Fund Reporting: Deadline March 31
Any Alberta CPA or professional accounting firm that administers trust funds or other trust properties must file a report with CPA Alberta on the administration of all trust funds and other trust properties. This report is due within 90 days of the firm’s year-end, or by March 31 for individual CPAs.
More information on Trust Funds can be found here.
Professional Corporation Registration: May 31
A Professional Corporation (PC) is a legal independent entity created by registering with the Corporate Registry of Service Alberta. A corporation exists separate and apart from its owners (shareholders) and basically acts as a ‘person’ that can: buy, sell and own assets including land; make contracts; sue; and be sued. A corporation protects shareholders from certain liabilities and obligations and may provide some tax advantages.
More information on Professional Corporations can be found here.
For a complete list of important dates and reminders, please visit the CPA Alberta website.