March

VOLUME 31 • NUMBER 1
A P U B L I C AT I O N O F T H E C E R T I F I E D G E N E R A L A C C O U N TA N T S A S S O C I AT I O N O F B R I T I S H C O L U M B I A
CGA. WE’RE THE NAME BRAND FOR BUSINESS IN CANADA
MARCH 2004
Ida Chong
at home in
the House
CGA Ida Chong
is redefining
the nature of
political legacy.
How income tax will
change in 2004
Backup and recovery.
Nice and easy
The crisis in director
and officer insurance
Educational Foundation
makes a (Big) difference
March 2004
Vo l . 3 1 N o . 1
outlookcontents
profile
10
The rise and rise of Ida Chong
A profile of the new Minister of State for Women’s and Seniors’ Services.
10
supplement
16
2004 Executive Committee
President
Len A. Pietrzykowski, FCGA
Past-President/Treasurer
Colin T, Bruintjes, B.Bus.Adm.,
FCGA
First Vice-President
Rita M. Estock, DBusMgmt,
CGA
Second Vice-President
Moe Jones, CGA
Secretary
R. W. (Bill) Caulfield,
BA, FCIS, CGA (Hon.)
Executive Staff
Executive Director
R. W. (Bill) Caulfield,
BA, FCIS, CGA (Hon.)
Director of Administration
Dan Cheetham, CGA
Director of Marketing &
Communications
Edward Downing,
MA (Journalism)
Director of Education
& Student Services
W. D. (Bill) Johnson,
FCIS, P.Adm., FCGA
Director of Corporate Affairs
Juliana Laing
Director of Information
Technology
A. Marc Fox
Director of Member Services
Kathy Hurst, CGA
Director of Public Practice
Services & Public Practice Advisor
Tina Peters, BA, CGA
Educational Foundation News
Fifty-two thousand dollars and rising. See how
Foundation donors are making a world of difference
to the lives of our neediest students.
19
views
5
tax matters
By Ed Kroft
Our expert gazes into his crystal ball and
sees...income tax changes.
departments
9
working papers
CGA Online will connect
you to an expanded world of
CGA resources; membership
renewal provides a donation
opportunity; chapters offer
CPD; and more...
6
techview
8
periscope
13
practice review
26
final word
15
snapshots
24
Member survey results
Outlook Staff
Managing Editor
Edward Downing
(604) 730-6208
Communications Officer
David Ferman/Sheila Keenan
(604) 730-6238
Graphic Designer
Laura Murphy
(604) 730-6226
Contributors
David Hanley
Brigitte Ilk, CGA
Ed Kroft, LLB, LLM, CGA (Hon.)
Sean Maharaj, CGA
Len Pietrzykowski, FCGA
Susan Threlfall
John Yu, MSc., CDP, FCGA
By John Yu
We all know we should back up our important
files, but how many of us do it? The ABCs of
backup and recovery.
By Sean Maharaj
The scandals keep coming and investors are
revolting. Who would want to be a corporate
officer in this climate?
By Len Pietrzykowski
We’ve hailed the B.C.
Liberals’ balanced budget.
Here’s where they should
set their economic
sights next.
23
New Corporations Act gets down to business;
privacy legislation won’t leave you alone; Law
Society Trust means change...plus more.
Our members are making their marks around the
world, from the Queen Charlotte Islands to South
Africa and Australia. See the Association’s involvement behind the scenes at the recent provincial
budget lockup. Catch up on personnel changes at
CGA-BC and how they reflect our commitment
to public advocacy and superior communications.
We asked, you answered and the results are in.
Advertising
For advertising rates contact Pardeep Sidhu at (604) 730-6228 or visit our Website at www.cga-bc.org
Outlook is the premier way to contact B.C.’s CGAs.
Outlook is published four times a year by the Certified General Accountants Association of British Columbia and is sent to more than
12,000 CGA members and CGA students. Opinions expressed are not necessarily endorsed by CGA-BC. Copyright 2004 CGA-BC.
Articles, enquiries and letters should be sent to Outlook, CGA-BC, 300-1867 West Broadway, Vancouver, B.C., V6J 5L4
(604) 732-1211 or (800) 565-1211.
ISSN 1488-2337 Outlook - Certified General Accountants Association of British Columbia.
CGADirect
Members, you can now perform all of your most important CGA-BC services online at CGADirect.
Cover Photo
Ida Chong, CGA, by Diana Nethercott.
SHARE PRICE
COMPANY
1
2
1
2
ISSUE
PUBLISHED
CURRENT
CHANGE
Chai-Na-Ta Corp.
MediSystem Technologies
Wheaton River Minerals
CC
TSX
MDY
TSX-V
WRM.WT TSX
Apr-03
“
“
0.48
0.46
0.51
0.75
1.33
2.00
56.3%
189.1%
292.2%
Caldwell Partners Int’l.
Ceramic Protection Corp.
Chartwell Technology
CWL.A
CEP
CWH
TSX
TSX-V
TSX-V
May-03
“
“
1.45
0.85
0.95
1.75
3.90
2.45
20.7%
358.8%
157.9%
Louvem Mines Inc.
Magnotta Winery Corp.
Total Telcom Inc.
LOV
MGN
TTZ
TSX-V
TSX
TSX-V
Jun-03
“
“
0.95
1.61
0.23
1.06
1.94
0.46
11.6%
20.5%
100.0%
NewNorth Projects Ltd.
Pet Valu Canada Inc.
Plazacorp Retail Prop.
NNP
PVC
PLZ
TSX-V
TSX
TSX-V
Jul-03
“
“
0.40
1.31
0.83
0.44
1.65
1.30
10.0%
26.0%
56.6%
AlarmForce Industries
Battery & Wireless
VRX Worldwide Inc.
AF
BWS
VRW
TSX
TSX-V
TSX-V
Aug-03
“
“
1.67
0.105
0.56
3.50
0.115
0.74
109.6%
9.5%
32.1%
Bevo Agro Inc.
Continental (CBOC) Corp.
Datec Group Ltd.
BVO
CTL.A
DGL
TSX-V
TSX
TSX
Sep-03
“
“
0.59
0.42
0.40
0.59
0.65
0.73
0.0%
54.8%
82.5%
pays quarterly cash dividend of $0.02 per share
original feature price of $0.80 was adjusted after a 2 for 1 stock split in October 2003
AVERAGE GAIN… 88.2%
+ 88.2%
*
gain in the share prices of the companies profiled in the
* Average
April to September 2003 issues. (based on closing prices as at Jan. 30, 2004)
Ta x M a t t e r s
What Income Tax Changes
Lie Ahead for 2004?
By Ed Kroft, LLB, LLM, CGA (Hon.)
M
ore than 33 years have passed
since valuation day, December
31, 1971. Since then, there
have been countless changes to the Canadian Income Tax Act and many judicial pronouncements regarding its interpretation.
2004 promises more changes. There will be
significant statutory and judicial developments that will affect taxpayers. In addition, administrative pronouncements from
New legislative changes
New income tax rates
On December 12, 2003, the Canada Customs and Revenue Agency (CCRA)
became the Canada Revenue Agency
(CRA). The customs program is now part
of the new Canada Border Services
Agency. Most taxpayers are not even aware
of this change; to them, the tax department
is the tax department.
Federal and provincial tax rates affecting
individuals have not changed and none are
expected. The federal corporate tax rate
has declined by two per cent on active business income over $300,000 annually. The
threshold upon which the small business
tax rate is applied has risen to $250,000. No
provincial corporate tax changes are contemplated. Therefore, the combined
federal-provincial
rates on active business income range
from 17.62 per cent
to 26.62 per cent
to 35.62 per cent.
Investment income
remains taxed at
49.29 per cent.
Areas in which CRA is actively
auditing
The following is a list of a few areas in
which CRA appears to be initiating audits.
The list is by no means definitive.
• owner/manager remuneration
• taxability of payments out of family
trusts
• non-competition payments
• the association of corporations and the
denial of refundable investment tax
credits for scientific research and experimental development on the basis that
continued on page 7
Ed Kroft, LLB, LLM, CGA (Hon.), is a Partner in the Vancouver offices
of McCarthy Tetrault, Barristers and Solicitors, which has more than 40 tax
lawyers across Canada. His practice is restricted to taxation.
5
upfront views
Canada Revenue Agency
Federal and provincial
tax rates affecting
individuals are not
expected to change.
A number of recent reported cases may signal that certain trends will continue in
2004. For example, the CRA has suffered
defeats in two recent decisions involving
the general anti-avoidance rule, Canada
Trustco and Imperial Oil. Tax shelter litigation continues as CRA continues to
attempt to verify and enforce various
arrangements. Of significance is the
attempt to apply the rules in Section 237.1
of the Income Tax Act and to argue that
arrangements are “tax shelters.” In the
absence of the registration of such arrangements, taxpayers are denied deductions.
In the area of enforcement, CRA continues
to ask taxpayers and their representatives to
provide documentation and information.
The recent decision of the Federal Court of
Appeal in Kitsch signals the reluctance of
the courts to interfere with the administration and enforcements of the Income Tax
Act where information is required by taxation authorities and such information
appears relevant for purposes of the audit
activities being undertaken. The Supreme
Court of Canada was not very active in
2003 in deciding tax cases as it denied
leave applications in many appeals and
only heard two appeals (Markevich and
Gifford). Only one case has been granted
leave for 2004, Tsiapraillis, a case dealing
with the taxability of disability payments.
A decision regarding Gifford and the
deductibility in Gifford regarding the
deductibility of expenses is still awaited.
outlook
the taxation authorities will follow. The
2004 B.C. Budget does not signal any
major change on the income tax front.
A lot of draft legislation will likely become
law in 2004. Legislation released on October 30, 2003 relating to non-resident
trusts and foreign investment entities will
finally likely see its passage this year. Some
of it is effective as of 2003. The Technical
Bill released in December 2002 will likely
be reissued with additional amendments
being proposed. It is uncertain, however,
whether the present form of the
legislation regarding interest
deductibility released in draft on
October 31, 2003 will ever be
passed. Significant lobbying has
resulted in rumours that amendments to Section 3 of the Income
Tax Act relating to reasonable
expectation of profit and the
deductibility of losses will follow. Legislation flowing from the 2004 Federal Budget
will also likely find passage.
Some judicial developments
Te c h V i e w
The ABCs of Backup and
Recovery
What you should know about protecting your files and email?
By John W. Yu, MSc, CDP, FCGA
outlook
C
upfront views
6
omputer files stored on file servers
are typically backed up on some
kind of secondary storage device,
usually some form of magnetic tapes. But
the same is not true for computer files
stored on desktop computers and on notebook or laptop computers. Even for those
who religiously back up their computer
files for such machines, there is a general
lack of comprehensive protection. How
many of us regularly back up our email
files in Outlook Express or Eudora?
We all know the importance of regular
backup, yet we don’t do it because it
requires too much effort, or so we imagine.
In truth, providing your files with the protection they need does not have to take
much effort at all. In this article, we will
explore the basics of computer file backup.
Many people mistakenly consider backup
and archive to be the same thing and use
the terms interchangeably, but the two
processes are not the same! Confusion
around archive and backup is understandable. Both activities can look quite similar.
sion of the file. On the other hand, a
backed-up file continues to reside on your
hard drive, and the backed-up copy may
not be the most current version of the file.
These are the critical differences between
archive and backup.
For most organizations, archiving is driven by cost considerations. When a file is
no longer needed for day-to-day use, but
the information it contains is deemed to
be of historical importance, the file is
archived and move from expensive online
storage to inexpensive offline storage. For
individual users, similar economics are at
play.
The biggest risk with archival storage is
recovery capability. Think about the 5.25
floppy diskettes or old QIC tapes that you
used to store archive files, then look for
drives that would read such media. As
technology changes over time, we need to
remember to transfer archived files from
outdated media to new forms to ensure
that we always have the capability to read
and recover archived files.
Protecting your files
does not have to
take much effort.
Both involve making copies of files, using
some kind of removable storage and then
putting them in safe keeping. And both
use storage technologies such as tape, optical cartridges and removable hard disks.
A is for Archive
Applied properly, archiving deals with the
long-term storage and preservation of files
and records. The expectation is not to
retrieve the archived information, which is
removed from your hard drive when
archived. The archived file is the last ver-
B is for Backup
As described earlier, backup is
intended to provide a mechanism for securing your current,
active files. It enables you to
recover your files if the files are
corrupted, inadvertently deleted or if
there is a hard disk failure. Backup also
enables you to recover your files from fire,
flood, theft, and other disasters.
If your computer is connected to a file
server, the simplest way is to copy all your
important files from your hard drive onto
the file server regularly, and let the file
server act as your backup storage. But if
your computer is not connected to a file
server, the most cost effective backup
device these days is a CD-RW drive. You
can use these with CDR or CDRW discs.
The latter permits multiple writes and is
preferred, although it costs a little bit more
per disc. A CD can hold up to 650MB of
data. If you have more data to back up and
do not want to handle multiple CDs,
DVD-RW is increasingly an affordable
alternative for large volume backup. A DVD
can hold 4.7GB of data.
There is no point in performing backups if
you do not regularly test the viability of the
recovery. That is, you need to regularly and
routinely confirm that the backup process
is working properly and that you, indeed,
can recover the information.
C is for Control
You need to apply appropriate controls to
protect both archival and backed-up files.
For organizations big or small, use of a
bonded secure offsite storage service is
essential. Such storage service typically
provides regular pickup and the backup
media are shipped to and from the secure
storage facility using air-conditioned/heated vehicles. The secure offsite storage facility is environmentally controlled with
appropriate protections against fire, flood,
and other nature disasters. For individuals,
however, this service is too expensive. For
important backup media, a small fireproof
storage box with locks is minimally
required. Such storage boxes can be purchased from any stationery or computer
supplies store. Typically, storage boxes can
withstand fires of up to an hour in duration, so the protection against fire is quite
minimal. Another strategy is to store a
backup copy in another location, such as
your office.
If you have important information that
you cannot live without, and your computer is not connected to a file server, you
should consider an online data backup service. Instead of backing up onto some
form of secondary storage media and keeping the media safe, you subscribe to an
online backup service and use your Internet connection to backup your important
continued on page 7
John W. Yu, MSc, CDP, FCGA, has been in the IT industry since 1970 in a broad range of roles
in technology and in management. He is Vice-President of Information Technology at CGA-Canada.
TechView continued from page 6
data offsite onto a server. Typical cost runs
about $20 per 5GB per month. There
are many such online services. Examples
include www.systemrecovery.com and
www.firstbackup.com. Such services usually
provide scheduled daily backup, data
recovery, system repair, and data archiving.
Protecting your Email
Often overlooked, but equally important,
is the protection of your email folders.
advantage to email backup programs is
that you can move email folders between
computers.
provide contemporaneous documentation
to justify prices being charged or paid.
Audits of foreign corporations and foreign
trusts are ongoing. This additional activity
may have resulted because of concerns
expressed by the Auditor General of Canada in past years. It is expected that the new
prime minister, Mr. Martin, will encourage
CRA to actively audit taxpayers.
New Interpretation Bulletins
Three final words of advice:
backup, backup, backup
Backing up your computer files is one of
the most important protections you can
provide to the data you need. Backup
regularly and religiously.
CRA recently issued a revision of IT 291
dealing with transfers of property under
Section 85. Additional bulletins or administrative pronouncements are expected in
other areas, including split receipting for
charitable donations where consideration
is given back to the donor in exchange for
property gifted.
CAREER OPPORTUNITY
The Certified General Accountants Association of Hong Kong is a recently approved
affiliate of CGA-Canada with responsibility for providing full member and student
services. CGA-HK has an active member base in excess of 800 and is looking to
expand. To move to the next level, the Board of Directors seeks an energetic Executive
Director to be the senior executive officer of the Association. The Executive Director
reports to the Board of Directors.
The key responsibilities of this position are:
• Managing Association operations
• Liaising with the Board of Directors and providing assistance to the various committees
• Developing and building relationships to effectively market and promote the designation
CGA-HK is looking for a strategic leader who has outstanding organizational skills,
superior communication and writing skills, and a solid understanding of financial
resources. An individual who holds a Certified General Accountant or other professional accounting designation, is familiar with the accounting profession environment in
Hong Kong, and has strong marketing skills would be ideal.
This position requires the ability to manage multiple projects, communicate effectively
with and work with a volunteer Board of Directors; oversee and motivate staff; represent
the organization to outside groups including public speaking; oversee marketing and
public relations programs; and develop and implement new programs.
Salary will be commensurate with qualifications and experience. Please apply by
June 15, 2004, stating salary expectations to: President, Certified General Accountants
Association of Hong Kong, e-mail: [email protected]
Certified General Accountants Association of Hong Kong
7
upfront views
Executive Director
outlook
TaxMatters continued from page 5
corporations do not qualify as Canadian
control private corporations or on the
basis of the associated corporation rules
• collection issues involving directors’
liability in Section 160 assessments
• international audits involving scrutiny
of foreign affiliate surplus balances,
the residence of foreign corporations,
and the taxability of foreign accrual
property income
• transfer pricing
• interest deductibility
• tax shelters
• employee-independent contractor
distinction
• take-over costs
• stock option benefits
• maintenance payments
• charitable donations and foundations
• sharing of information with the
provinces
• income versus capital
• underground economy and net worth
assessments for unreported income
• First Nations taxation
• taxability of the lifetime capital gain
exemption
• taxability of disability insurance
payments
• the deductibility of alleged personal
expenses where a source of income is
alleged to exist
• capital tax issues
• claims for the principal residence
exemption
• shareholder benefits and imposition of
penalties for gross negligence under
subsection 163(2) of the Income Tax Act
• classification of manufacturing and
processing assets for purposes of class 43
and the availability of the Section 125.1
manufacturing and process of tax credits
• the deductibility of allowable business
investment losses.
Of increasing interest is the audit activity
in the international taxation area. Small,
medium and large corporations that engage
in transfer pricing are now being asked to
Many of us use email for important
correspondence, and losing all our email
messages is a thought too painful to bear. If
you use Outlook Express, it is difficult to
locate the email folders for backup. There
are a number of inexpensive software programs designed to facilitate such backup
activities. Examples include Outlook
Express Backup Wizard (www.outlookexpress-backup.com) and Express Archiver
(www.expressarchiver.com). Similar products are available for Eudora. Another
Periscope
The Risk of No Risk
And the need to insure corporate directors and officers.
outlook
For businesses to prosper they must be able to
not only avoid risks, but to take them. But
what happens to senior executives and corporate directors when investors demand leadership be both risk averse and personally liable
for the value of the companies they lead? In
the long run, opportunities are lost and innovation—the lifeblood of growth—declines.
Sean Maharaj, CGA, looks at how one tool,
director and officer insurance, has fared in the
current environment of corporate scandals
and investor backlash.
upfront views
8
D
irectors and officers (D&O) insurance is a critical element in the
performance of corporate growth
and economic development. This coverage
protects the personal assets of directors and
officers of corporations in the face of litigation. Without it, senior management and
the board of directors may not be inclined to
take the necessary risks associated with managing and directing a public company. But
D&O insurance has recently come under
attack. The cost of D&O is becoming prohibitive for many companies and resulting in
reduced limits of coverage being purchased.
This, combined with increased limitations
of coverage by insurers, is leaving many
directors wondering whether their personal
assets are being adequately safeguarded.
Changing landscape
The drivers behind D&O premium
increases are numerous. Firstly, an unprecedented amount of corporate fraud and
accounting irregularities have come to light
in recent years which has led to a sharp
increase in class action lawsuits. Institutional investors make up a significant portion of the plaintiffs in such lawsuits, and
given the losses these investors have
incurred not only from corporate malfeasance, but also from stock market corrections, it is not surprising that the average
amount of a class action lawsuit has also
risen sharply in recent years.
Besides corporate fraud, other factors have
contributed to increased investor activism.
The recent past has seen a significant rise in
corporations restating prior years’ earnings.
This has impelled investors to litigate on the
grounds that their investment decisions
were based upon less than accurate information. In addition, jumps in public company bankruptcies have also impacted the
amount and severity of class action suits.
Another factor at play is potential mass litigation related to underfunding of pension
funds and the questionable use of aggressive
discounting practices used throughout the
1990s in establishing pension liabilities.
The magnitude and pervasiveness of class
action lawsuits has left many D&O insurers
feeling vulnerable. Since 1996, the frequency of D&O claims has increased
70 per cent and the severity of claims has
increased from an average defense and
settlement cost of $6.9 million in 1996 to
$24 million in 2002. In addition, many
D&O insurers have incurred significant
charges to earnings to boost claims reserves.
Increased litigation has created uncertainty
for D&O insurers due to the “long tail” risk
associated with D&O. It may take years
before the substance for a claim surfaces.
This is further exacerbated by the length of
time class action suits take to work their
way through the legal system. The impact
on cash flows and earnings related to excessive claims has left many D&O carriers
insolvent and others with critical going concern issues.
Impact of regulators
The response by U.S. regulators to the current corporate governance crisis has been
the introduction of the Sarbanes-Oxley Act
of 2002. The focus of this act is on
improved auditor independence, corporate
responsibility, management accountability
and enhanced financial disclosure. Similar
regulatory responses have occurred in Canada with the introduction of new corporate
governance guidelines by the TSE in 2002.
One may think that increased regulatory
scrutiny would reduce D&O exposure. This
is probably true over the long term; however, the opposite is likely to be the case for the
short term. As these new requirements are
subject to interpretation, it is only through
litigation that this new legislation will be
defined. This creates additional uncertainty
for D&O insurers with an already uncertain
future.
Canadian companies
The D&O exposure in Canada is significantly less than that of the U.S. So why
have premiums for Canadian companies
increased so drastically? The reason for this
is twofold. The first is that many Canadian corporations are traded on U.S.
exchanges. From an insurer’s perspective,
such companies are viewed as having the
same risk profile and exposure as U.S. corporations. A second cause for the jump in
Canadian premiums is the extent of U.S.
investment in the Canadian insurance
industry: many Canadian insurers are extensions of their U.S. counterparts and, as such,
underlying U.S. perspectives and risk
assumptions tend to transcend the border.
Corporate risk management
Is there an end in sight to the current D&O
crisis? Projections are that D&O premiums
will start leveling off in late 2004 or early
2005. However, the key to ensuring future
availability of D&O insurance at less than
prohibitive prices is for corporations to
quickly and appropriately adopt corporate
governance guidelines and procedures.
Fraud, a lack of accountability and incomplete disclosure are at the root of the current D&O crisis. Without appropriate
safeguards on personal assets, many qualified individuals will decline board positions and senior management may engage
in more passive management.
Embracing corporate governance principles
and reducing shareholder activism is the
only way a corporation will attract the right
talent—at senior management and on
boards of directors—to engage in the level of
risk taking necessary to lead it to success.
Sean Maharaj, CGA, is Director of Finance for Willis Canada. His primary role is to provide a
financial perspective to Willis insurance professionals managing self-insured programs. Willis is one
of the world’s leading risk management and insurance intermediaries.
information and intelligence for professional success
Wo r k i n g P a p e r s
New Website brings power
of Associations together
W
M
embership renewal notices will be
mailed to all members at the end of
April. You will have an opportunity to support the CGA-BC Educational Foundation
with an optional donation amount of $15,
which is included with your annual membership renewal. Choose that option and
you will have made a donation that will
Make a Difference.
Monies raised assist students who are
struggling with adversity—whether they
are confronting the challenges of sickness,
disability, family separation or the care of
elderly parents.
T
his year the Association has processed
over 5,800 Continuing Professional
Development reporting forms.
Have we asked you for additional information or clarification on a reported activity?
It is important to remember that no additions or amendments are made to a member’s record after June 15. This includes the
request for additional information. Be sure
to check your Confirmation of Credits.
As a reminder, members not complying
with the January 31 reporting deadline
and our follow-up notice are subject to an
administrative fee of $150.
Information and clarification of the
Continuing Professional Development
Reporting Program is always available
with a call to Member Services.
Joined the PD Network yet?
I
f not, you’re missing out on a valuable
online resource produced by CGAs, for
CGAs. Every month, PD Network offers
articles on the latest developments in
finance, accounting standards, taxation,
and assurance, just to name a few. There
are also online seminars and self-study
courses, articles, and URL links to external
information sources and reference materials from CGA courses.
Check out the multimedia tour button on
the “Home” and “How To” pages for a
15-minute walk-through of the Website.
Registration is free and easy!
Chapter events calendar
C
hapter events enable you to not only
attend a local seminar, but to network with other professionals in your area.
Support our CGA volunteers and attend
an event in your local chapter. Full details
on chapter events are always available on
the Website under PD Events.
SOUTHERN VANCOUVER ISLAND
• Thursday, April 1, 2004
Computer Forensic Investigations
• Saturday, May 15, 2004
Business Valuation
• Thursday, June 3, 2004
Privacy Legislation and Information
Technology
TRI-CITIES/RIDGE MEADOWS
• Saturday, April 3, 2004
Refocus, Renew and Re-energize – Stress
Management Too
RICHMOND/SOUTH DELTA
• Saturday, May 22, 2004
Tax Credits – A Thorough Review of
Medical, Disability and Other Tax Credits
9
department
Renewal offers opportunity
to Make a Difference
CPD reporting reminder
SURREY/LANGLEY/NORTH DELTA
• Tuesday, April 20, 2004
Risk Management and Trade Finance
outlook
atch for CGA’s new Website,
CGAOnline, which will allow
members full access to all of CGA-BC’s
services and more-with one password.
CGA Online is a portal site connecting
17 CGA Associations around the globe.
So in addition to staying in touch with the
Association in B.C., you’ll be able to
access news, event information and many
resources from across Canada and from
CGA-Canada’s Website. Of course, once
you’ve signed in to CGA Online you will
be able to access all of CGADirect’s
services such as My Profile to update your
member information, Online Event Registration, Pay Fees or Report Your CPD
activities. You will also have immediate
access to the Employment Referral Service
and the PD Network. No longer will you
have to remember multiple passwords—
one will do it all.
If you have signed in to CGADirect and
changed the temporary password that
was issued last spring, you are ready to
experience CGAOnline.
If you have not changed the temporary
password that was issued to you or you have
lost it—it’s not too late—make the change
at CGADirect via our current Website.
Be ready for the launch of this exciting new
service from CGA. But remember, access to
the Member part of the Website will be by
password only. Watch for the launch date.
Of course, if you’d like to give more or you
aren’t able to make the donation, simply
make the change on the renewal notice.
story by david a. hanley
outlook
Promotion of
profile
10
Photo by Diana Nethercott
Ida Chong, MLA and CGA,
In
the Vancouver Island
constituents of Oak Bay – Gordon Head have an ambitious representative. What drives Ida, and what sets her
apart from so many politicians regardless of stripe, is her determination to restore dignity to the tarnished
concepts of “legacy project” and “elected official.”
Ida’s understanding of what constitutes a legacy is far removed from the beliefs of those who build monuments,
offer patronage, or re-dedicate airports and highways in their own name. Imagine, instead, wanting to leave a
province as a gift. Not that B.C. is Ida’s to give, but she does see it as hers to help shape into a prosperous society
for future generations. Without children of her own, that is what the recently promoted MLA wants to bequeath
to B.C. families.
“That’s my inspiration for doing this,” she says. “It’s not about me. It’s about those families and individuals who
have created their own personal legacy. It’s about those who come after us.”
a Lifetime
Ida credits her
certification as a
CGA and her business
outlook
experience for helping
her win campaigns and
the daily challenges of
political life.
She now may be in a better position to help shape that legacy, too.
Ida, who has represented her riding since 1996, was dealt her new position in the province’s executive council
when Premier Gordon Campbell shuffled his cabinet at the end of January. Ida, the only B.C.-born Asian to have
been elected to the B.C. Legislature (she was born in Victoria), was appointed Minister of State for Women’s and
Seniors’ Services.
According to the ministry’s service plan, its priorities include the following:
✺ developing a strategy outlining activities and initiatives that profile and promote women’s role in the province’s economy
✺ developing a cross-ministry strategy to reduce violence against girls and women by focusing on prevention activities
✺ reviewing government programs and services for seniors and making recommendations on how government can
focus its planning for an aging population in cooperation with municipalities across the province.
>>>>> page 12
11
profile
for preparing her to meet
Profile continued from page 11
With her promotion from the backbench, Ida now enjoys the usual
list of executive privileges—and even the not-so-usual. From her
expansive third floor office, with a direct-line view of Queen Victoria’s towering presence on the front lawn of the Legislature, Ida
might be the only accountant in the province with an office balcony
occupied by police S.W.A.T. teams, used whenever protesters pay a
visit en masse to the seat of government.
In 1999 the CGA Association
recognized Ida’s political
contributions and awarded her the
CGA Community Service Award.
outlook
While Ida is quick to find humour in this special protection of her
turf, she’s very serious about defending and promoting her Chinese
heritage, and her government’s “New Era” plan to revive an economy that saw B.C. lose its “have” status under the previous regime.
She says she wants to “see this province on a strong economic footing, which is now beginning to take hold.”
profile
12
I
da first entered political politics as a municipal councillor for
the District of Saanich in 1993. Three years later, she shifted into the provincial fray and won a seat in 1996 for the
riding of Oak Bay – Gordon Head. She was re-elected in
2001.
Ida credits her certification as a CGA and her business experience
for helping her win those campaigns, and for preparing her to meet
the daily challenges of political life.
“CGAs are more than just accountants; they’re problem solvers,” she
says. “We take [problems] on directly and find solutions. That’s
really what we do best.”
Compared with her nearly 20 years’ working in accounting, Ida
admits to spending more time listening to the concerns of her constituents, and she insists the process for meaningful change begins
with a sense of empathy toward those who want problems solved.
Beyond the premier’s confidence in her abilities, and judging by the
accolades, letters, and other offerings of praise that she’s received
from voters, Ida seems to have made a successful transition from the
active problem solver in the private sector to the activist for public
causes.
It’s also clear that she spent her time in the ranks of the Opposition
honing those listening skills for the day the problems would be
hers to resolve. She served as the Official Opposition critic for
small business, tourism and culture, the deputy critic of finance,
the deputy critic for women’s equality and chair of the Official
Opposition Committee on the Economy.
Since the 2001 election, Ida has served on Treasury Board, and
as chair of the Government Caucus Committee on Economy
and Government Operations. She has also been a member of
the Select Standing Committee on Public Accounts, the Select
Standing Committee on Finance and Government Services, and the
Special Committee on the Citizens’ Assembly on Electoral Reform.
It’s no surprise, then, that she’s in no hurry to join the ranks of the
Opposition again, or to be redirected away from her “legacy project”
of building a better B.C. for tomorrow.
“Yes, I will be running for reelection next year, and I sincerely hope
to be around to see the fruits of our labour in bringing the Winter
Olympics here in 2010.”
That’s not to say she doesn’t miss the more freewheeling world of
private enterprise. “I miss the clients, the connection with the corporate world.” Ida won several awards for her work as a Certified
General Accountant, including the J.M. Macbeth Award for service
at the chapter level, and the Harold Clarke Award for service on a
provincial committee. In 1999, the Association recognized her political contributions and awarded her the CGA Community Service
Award.
But what she finds more gratifying than all her professional awards
is the time she is able to spend with children in their classrooms,
promoting literacy. For this particular CGA, “legacy project” and
“elected official” may not be such a bad pairing.
Amended CGA Act proclaimed
Effective March 24, CGA members who have earned
a Certified Public Accountant designation from the
United States may display it alongside their CGA
designation. This is a result of a consequential
change that was made to the Accountants (Certified
General) Act at the end of 2003. CGA members
who possess this designation must specify the U.S.
state where they obtained their CPA. To register
the change with the Association, please contact
Penny Hurst at (604) 730-6207.
resources, courses and tools of the trade
PracticeReview
B.C. Business Corporations
Act opens for business
T
T
wo important pieces of legislation on
the subject of privacy and commercial activities became effective January 1,
2004. B.C.’s Personal Information Protection Act (PIPA) applies to provincially regulated businesses, non-profit organizations, trade unions and other organizations. The federal Personal Information
Protection and Electronic Documents Act
(PIPEDA) will, in most instances, apply to
provincially regulated organizations when,
in the course of commercial activity, personal information crosses B.C.’s borders.
All businesses, including CGA firms, are
advised to develop a privacy compliance
regime to conform to the new legislation.
Contact: Brigitte Ilk.
New Law Society Trust
Report to be phased in
T
he new Trust Report, which must be
filed annually, will be phased in gradually in 2004-2005 to replace the Form 47
Accountant’s Report and Form 48 Statu-
E
ffective June 20, 2003, a new
Foresters Act has come into force.
The legislation contains some innovative
approaches to professional regulatory matters that may be of interest, such as incorporation of technologists and the complaint review process. Sections 35 and 36
of the Act, which did not come into effect
until November 5, 2003, changed the
name of the organization from the Association of BC Professional Foresters
(ABCPF) to the Association of BC Forest
Professionals (ABCFP). This more inclusive name was adopted to reflect the
broadened membership. The extensive
changes in the Act resulted in a complete
revision of its Bylaws, which were ratified
in September 2003. For more information
on the organization’s standards, see:
Foresters Act: http://www.for.gov.bc.ca/
tasb/legsregs/forest/foract/contfa.htm
Foresters Bylaws: http://www.rpf-bc.org/
bylaws.html
Contact: Brigitte Ilk.
Amendments consider
auditor’s responsibility to
consider fraud
T
he Auditing and Assurance Standards
Board (AASB) has issued an exposure
draft proposing to amend two related sec-
T-1 registration required
I
f you are a CGA preparing individual
T-1 tax returns with or without schedules and charge a fee for this service, you
are required to register this limited practice
with the Association. Registration packages are available from the Association.
Contact: Muriel Blessin, Public Practice
Administrator, at (604) 730-6230 or
(800) 565-1211 ext 230.
Registration and insurance
deadlines come due
P
ublic Practice registration fees are
due on or before July 1, 2004.
Renewal of Professional Liability Insurance is due on or before August 1, 2004.
Invoices for the Public Practice registration fee will be mailed on May 1, 2004
and the Association’s insurer (Marsh
Canada Ltd.) will send you a renewal
notice in early June 2004. An administration fee of $150 for public practice fees
unpaid by the specified date (July 1) will
be levied. A separate administration fee of
$150 for failure to renew and maintain
professional liability insurance by the
specified date (Aug. 1) will be levied. Failure to pay the outstanding public practice
fee by the specified date, renew and maintain professional liability insurance by the
continued on page 14
13
resources
Psst. New privacy legislation will affect you
Listen fellers, new Foresters
Act now in force
tions of the CICA Handbook concerning
fraud. Those sections are:
• 5135 – The Auditor’s Responsibility
to Consider Fraud and Error in an
Audit of Financial Statements
• 5090 – Audit of Financial Statements
– An Introduction
The AASB’s objective is twofold:
1) to harmonize Canadian standards
relating to the auditor’s responsibility
to consider fraud and error in an audit
of financial statements with the equivalent proposed international standard
2) to include the new 2003 U.S.
standard in this area
The AASB intends to finalize this Exposure
Draft in early 2004.
Contact: Tina Peters
outlook
his new Act aims to modernize company law in B.C. by providing more
flexibility in areas such as corporate governance, finance and corporate change. It will
generally apply to all new, pre-existing and
extra-provincial companies. Every B.C.
company must convert to the new regime
within two years of the anticipated effective
date of March 29, 2004. Once the Act is in
effect, many company transactions, such as
incorporations or capital alterations, will be
required to be filed electronically. Further
information regarding the Corporate Registry can be found at www.fin.gov.bc.ca/registries/colin/. Once in force, the Act will be
online at www.qp.gov.bc.ca/statreg/stat/
B/02057PH_01.htm.
Contact: Brigitte Ilk, CGA, Manager,
Public Practice Research and
Development at (604) 629-8363 or
toll free at (800) 565-1211 ext 363.
tory Declaration. The Law Society will
advise law firms individually as to when
they will be expected to use the new Trust
Report.
Lawyers and their accountants who wish
to review the new Trust Report may access
it in the “Resource Library/Forms” section
of the Law Society Website at www.lawsociety.bc.ca. The Trust Report is divided
into four sections. Three sections will be
completed by the law firm and one section
by a public accountant retained by the
firm.
Contact: Tina Peters, BA, CGA,
Director, Public Practice Services at
(604) 730-6232 or toll free at
(800) 565-1211 ext. 232.
continued from page 13
specified date, and/or pay the administration fee(s) levied will result in the matter(s) being referred to the Ethics Committee.
Contact: Jim Timmerman, CGA,
Manager, Quality Assurance, at
(604) 730-6231 or toll free at
(800) 565-1211 ext 231.
Employment forum set
for May 27
outlook
V
department
14
ancouver will hold its seventh Public
Practice Employment Forum on the
evening of Thursday, May 27, 2004. Public practitioners use this free event to meet
with members and students who aspire to
work in public practice. Past events have
proven this format to be an efficient and
cost effective method for practitioners to
meet their staffing needs. The last Employment Forum, held in Vancouver during
November 2003, resulted in six staffing
placements.
“Our firm participated, for the first time, in
the May 2003 Employment Forum held in
Vancouver. It was worthwhile attending and
an effective and productive tool for recruitment. We hired a CGA student who is proving to be an outstanding asset to our firm.
CGA firms are encouraged to attend future
Forums if quality staff is what they’re looking
for.”
Laura Flores, CGA
Pasman Smith & Company Ltd.
North Vancouver
Public practitioners wishing to register
should contact Brigitte Ilk.
Voluntary services
T
here are several important rules and
distinctions around the issue of
providing public accounting services.
Prior to engaging in the practice of public
accounting (part-time or full-time), members are required to register with the Association.
Members who provide public accounting
services without remuneration to notfor-profit associations must also register in
public practice. However, a member who
has been appointed treasurer of a not-forprofit association is not considered to be
providing public accounting services.
Please see resources 2004 for further
information on these policies.
Per diem practitioners
perfect practice
participants...perhaps
P
ublic practitioners who need to supplement their current staffing levels,
especially for the current busy season, are
encouraged to investigate the Per Diem
Listing Service. It provides a listing of
members and students, located throughout the province, who are available to
work on a per diem basis. This could be
your solution to project, part-time or even
full-time staffing requirements.
To engage a CGA or CGA student on a
per diem basis, contact Brigitte Ilk.
REPORTS MOVE ONLINE
As part of our ongoing strategy to make services more accessible to members and
students, CGA-BC will publish the Disciplinary Activity Report on our Website.
On a regular basis, the reports will be placed in the Member Area under the heading
of Disciplinary Activity Report. Members can access the report using their login and
password.
These reports will be accessed by students through a secure area as well. CGA-BC is
required to publish its disciplinary activities to all members and students in accordance with the Bylaws.
Ethics Case Statistics 2003
As a professional accounting association, CGA-BC takes its commitment to ethical conduct
seriously. A great deal of time is invested in the ethics process and in ensuring that the Code
of Ethical Principles and Rules of Conduct reflects the changing nature of the profession.
This annual update describes the number of ethics and maintenance of standards cases
from 1992 to 2003. A more detailed breakdown contained within the pie charts looks at the
decisions by panels and by investigators in 2003.
If you have any questions about the Code of Ethical Principles and Rules of Conduct, contact
Kasandra Bonn, MBA, CGA, Manager of Professional Conduct, at [email protected].
Number of cases dealt with during the year: 116 (22 cases were carried over from 2002)
Number of maintenance of standards cases received: 40
Number of ethics cases received: 54
10%
1%
116 CASES DEALT WITH IN 2003
28%
40%
19%
2%
Dismissed by investigators
Decision by investigators
Decision by panel
Carry forward to 2004
Member resigned, retired, deceased, or transferred
Complaint withdrawn
DECISIONS BY PANEL - 2003 (BYLAW B906)
33.3% 33.3%
33.3%
Fine $1,500 to $3,000 plus suspension
Fine $3,000 to $4,000
To appeal
DECISIONS BY INVESTIGATORS - 2003 (BYLAW B904)
4%
18%
9%
23%
14.5%
4% 9%
14.5%
4%
Fine $0 to $250
Fine $0 to $250 plus costs and improve conduct
Fine $251 to $750
Fine $500 to $1,000 plus costs plus reprimand
Fine $751 to $1,000 plus reprimand
Fine $751 to $1,000 plus costs plus reprimand
Fine $500 to $1,000 plus costs
Fine $500 to $1,000 plus costs and improve conduct
Fine $4000 plus costs and improve conduct
KUDOS
MileStones
Lori Toews Friesen,
CGA, has been appointed
Manager, Disbursements &
Insurance in the Financial
Services Division of Trinity
Western University (TWU) in
Langley, B.C. Prior to joining
TWU, Lori worked for MBMS
International as Director for
Finance. TWU is a privately
funded Christian university
granting degrees in liberal arts
and sciences.
Congratulations thrice over to
Bob Vincent, FCGA. The
Pictured top to bottom: Tax expert
Ed Kroft, CGA (Hon.) and
the late Geoffrey Thorpe, CGA.
InMemoriam
Dawn MacLean, CGA, an accomplished businessperson and active community leader, passed away on February 8. She leaves her husband, William
Donnelly, and three children. In addition to her work as partner and vicepresident, finance, of Superior Reproduction Ltd., she served as director of
Sunnyhill Hospital for Children and as director and first woman chair of
BCAA. She received the Canadian Woman Entrepreneur of the Year Lifetime
Achievement Award in 1995; the following year Dawn was honored with the
YWCA Woman of Distinction Award (Entrepreneur/Innovator).
Geoffrey Thorpe, CGA, passed away suddenly this past November 7 from a
heart attack. Well known as the long-time Quarter Century Club Committee
Chair, Geoff was an active member of the Association. He earned his designation in 1965 and served on the Government Relations Committee from
1987 to 1994. In 1995 he won the J.M. Macbeth Award of Merit for his work
in the North Shore / Sunshine Coast chapter. A lifelong New York Yankees
fan and lover of boating and sunny vacations, Geoff will be remembered for
his sense of humour and devotion to his family, community and work.
He is survived by his wife Marilyn, son Kyle, daughter Suzanne and grandson
Zackary.
SnapShots continuted on page 23 >>>>
15
department
Our members
are advancing
in every corner of the province.
Case in point: On the Queen
Charlotte Islands, Andrea
deBucy, CGA, has been
promoted from Accountant to
Secretary Treasurer of School
District No. 50, Queen
Charlotte/Haida Gwaii.
Tax Down Under
Kudos too goes out to Outlook’s own tax expert Ed Kroft, CGA
(Hon.). Make that world-renowned tax expert. Kroft addressed the 4th
World Tax Conference in Sydney, Australia last
month. Kroft, a partner with the law firm
McCarthy Tetrault, shared his views on recent
developments in transfer pricing. The conference
features speakers from Australia, the UK, North
America, South America and Asia. Kroft was one
of only two Canadians invited to present to conference delegates.
outlook
general manager of Brighter
Mechanical was elected to
the Board of Directors for the
Independent Contractors and
Businesses of B.C., the voice
of the construction industry
in the province. Bob was also
reappointed last year as Chair
of the Financial Management
Advisory Committee at BCIT.
In addition, he has been
appointed to a Council of
Construction Associations’
task force
that is
reviewing the
Workers
Compensation Board’s
processes for
handling soft
tissue injuries
and ERA.
Hanba kahle (that’s Zulu for farewell) to Penny Bruin, CGA, and her
husband, Randy Schwindt, as they embark on a two year World Bank mission to implement local government reform to two cities in South Africa.
Bruin is the manager, Corporate Services, Administration, and Specialty
Services for the City of Vancouver, where she has focused on attraction
and retention of city staff for the last few years.
Outlook caught up with Bruin just hours before her flight left for Pretoria.
“I’m beside myself with excitement,” she said, over the sound of wrapping
paper and restrained bubble wrap. “We’ll be working just east of Johannesburg. I’ll be working on municipal reform in one city, Randy will be
doing similar work for another city, and we’ll live between the two.”
Bruin has been retained by a World Bank consortium consisting of the
Federation of Canadian Municipalities, the Institute of Public Administration of Canada, and Cowater International, an Ottawa-based consulting
firm that specializes in international development.
Bruin says, “We’ve never been to South Africa before and we’ve never
done anything like this.”
Educational Foundation
Message From the Chairman
foundation
I
have watched this organization grow
from its inception in 1988. Over the
years, the volume of contributions
to the Foundation has increased dramatically thanks to the hard work of a succession of dedicated Trustees and the
generosity of a growing family of contributors. Contributions come from firms
with an interest in supporting future
CGAs, from individual members, and
from families wishing to honour their relatives with the legacy of a scholarship.
educational
16
Until I joined the Foundation as a Trustee
three years ago, I had to plead ignorance
about the true value this organization
holds for needy CGA students. What, I
wondered, do we mean by a needy student? The answer, it turns out, is as varied as our students. Only when you have
had an opportunity to read the bursary
applications can you begin to comprehend the helplessness that these students experience. A single mother trying
desperately to support her family while
gaining an education so she can become
self-supporting. A husband who has lost
his job because of cutbacks or the failure
of his employer. Students with spouses
who are too ill to work. Desertions; lack
of maintenance payments; accidents—
all of society’s tragedies, major and
minor, are reflected in the applications of
our students.
why their contributions are so crucial to
the success of our recipients. We also
need to show our members how many
ways there are to give: annual contributions, planned giving through premiums
paid on life insurance policies, and leaving bequests in wills, to name a few.
The good news is that in 2003, the Foundation was able to help many applicants
with a total of $52,000 in bursaries and
$17,000 in scholarships. Since the inception of the Foundation, 34 of our recipients have graduated as CGAs. Many
more are still in the program. Without
the Foundation, most would probably
have dropped out of the Association.
When you see announcements for
upcoming events or opportunities to
contribute to the Foundation, I hope you
will participate.
Many of our members contribute year in
and year out. Many more could do so.
Most of our members have benefited
greatly from their designation and most
have not required financial assistance—
often because an employer has paid
their course fees. One of my goals this
year as Chair of the Foundation is to
remind our members of what we do and
Chair
Vice-Chair
Treasurer
Trustees
L. A. William Seney, CGA
Chair
CGA-BC Educational Foundation
Board of Trustees 2004
Ex-Officio
Secretary
L.A. William Seney, CGA
Lori A. Mathison, CGA
Allan R. Kerfoot, FCGA
Gordon Chan, FCGA
Jo F. Coffey, CGA
Terry Duggan, CGA
Ronald K. Woo, CGA
Brian J. Friedrich, CGA
Kathleen V. Hurst, CGA
Making a Difference
Members, students and the corporate community have given generously to the CGA-BC Educational Foundation since 1988. The
Board of Trustees, staff, and especially the students who have been assisted thank each of you for supporting the Foundation.
Every effort has been made to ensure the accuracy and completeness of this report.
The following includes donations received from January 1, 2003 to December 31, 2003.
CHAIRMAN’S CIRCLE
$1000 and above
Anonymous
Yik Fung Au-Yeung
Gordon Chan
Allan Collings
Galloway Botteselle
& Company
Richard Harrison
Robert Hungerford,
Principal of the law
firm Hungerford
Tomyn Lawrenson
& Nichols
Kemp Harvey Group
Robert Morrow
Reid Hurst Nagy
A William Smyth
Peter Sol & Kathy Hurst
Southern Vancouver
Island Chapter
Ronald Woo
John Yu
PATRONS
$500 and above
CGA-BC Staff
Francis Chan
Jo Coffey
Hussain Dalmir
David Aplin Recruiting
Rita Estock
Laura & Brian Friedrich
Maurice Jones
William Mann
Robert Morrow
Alfred Shum
John Trofanuk
Raymond Yeung
CHARTER MEMBERS
$100 and above
Anonymous
Ramzan Ackber
Barbara Allard
Sheri Allen
Ashakali Andani
Michael Andruff
Terry Aske
Onno Bakhoven
Linda Barry
Michael Becker
Robert Bentley
Steen Bentzen
E Al Botteselle
Robert Brown
Corinne Busse
Stewart Carter
Ava Chang
Ida Chong
Philip Chong
Roger Chong
Tennyson Choo
Newsletter
Edward Wong
Kenny Wong
Stanley Wong
William Wong
Johnson Wu
Bennie Yung
Ying-Sang Yung
SUSTAINING
DONORS
Up to $100
Alikhan Abdulla
Ana Maria Abella
Julie Adams
Ron Adams
George Addei- Piprah
Loretta Adlkirchner
Benjamin Aguillardo
Devora Aharon
Shaul Aharon
Salim Ahmed
Sherry Ainsworth
Kevin Albers
Carlo Alberti
Akbarali Alibhai
Irina Alikova
Fayyaz Alimohamed
Marcia Allardice
Annette Allen
G W Richard Allen
Lorraine Allen
Garry Allingham
Linus Anandaraj
Jacqueline Ancrum
Donald Andersen
Michael Andersen
Gordon Anderson
Leona Anderson
Louise Anderson
Lynn Anderson
Valerie Anderson
Allan Anderson
Arne Anderson
Alexander Andrews
Keimpe Anema
Yolande Antoine
Corey Archibald
Howard Archibald
Kelly Armitage
Christy Armstrong
Christine Arnold
M I Cecile Arnott
Kagnew Asaye
Brad Atchison
Geoffrey Atkinson
Richard Au
Joseph Au Yeung
Douglas Ausman
Albert Au-Yeung
Anthony Baena
Josef Baertl
David Bai
Johanna Bailey
Amarjit Bains
Doris Bakke
John Bakker
Kanchanamala Balaji
David Balfour
Karen Ball
Renata Balsewicz
Brian Banfill
Heather Banham
Gabriele Banka
Mary Baric
Michael Barkusky
Brian Barnes
Raymond Barnes
J A Barnwell
Robert Barron
Donald Barry
Hanna Barton
Gerald Bate
Glenda Bauman
Mike Bavaro
Agnete Bay
Susan Beachy
Brian Bealle
Donna Beaucage
Paul Beauchamp
Nola Beauchesne
Robert Beaumier
Jody Bellefleur
Loretta Bemister
John Benastick
Ed Bender
Gonzalo Benitez
Dale Bennett
Elaine Bennett
Patricia Bennett
Ryan Benson
Ilona Beres
Irene Berg
Leslie Berg
Terry Berg
Brian Bernard
Colleen Berthelotte
Sarah Best
Grant Bettesworth
Jackie Betts
Robert Beynon
Karen Beyser
J Dawn Bezaire
Prem Bhagirath
Hansa Bhagwan
Salma Bhaloo
Nizar Bharmal
Tarunjeet Bhatia
Baljinder Bhullar
Scott Bianco
Keith Biddlecombe
Russell Biedka
C Brian Bignell
Irene Birch
Kenneth Birchmore
Linda Bishop
Michael Bishop
Richard Bishop
Cathy Bitzkal
Sandra Bjarnason
Elaine Blackburn
Brian Blamey
John Blatchford
Pamela Bloomer
Allison Blumenauer
Judy Board
Edward Bobb
Karen Boehm
Zara Boldt
Femia Bonettemaker
Dennis Bontron
David Booth
Nancy Booth
Eleanor BoroomandTehrani
Kenneth Borthwick
Kim Bortnak
Janis Bossenberry
Laura Bouchard
Tracy Bouchard
Sally-Anne Boucher
Annie Bournival
William Bowden
Karen Bowles
Susan Bowles
John Bowling
John Bowyer
Moira Boyd
Aaron Boyes
Gary Brackenbury
Judith Branter
Peter Bray
Larry Broadfoot
Emily Brooks
C Gordon Brown
David L M Brown
David S Brown
John Brown
Colin Bruintjes
John Bryson
Susan Bryson
Dorothy Buckland
Carl Buckner
Robert Bullock
James Burch
Jane Burns
Ken Burns
Harlow Burrows
Robert Butler
William Buxton
Diane Bye
Ted Byng
Dale Cadeau
L Grace Cain
John Cairns
Rolando Calasin
William Caldwell
Harold Calla
Catherine Cam
Barbara Cameron
Doreen Cameron
Lorraine Cameron
Debbie Campbell
Jeff Campbell
Keith Campbell
Robert Caplette
David Card
Tammy Carlin
Janice Carter
Richard Carter
Jindra Casperson
Barry Castles
William Cation
Julie Cavaleri-Carter
Linda Chadwell
Alan Chan
Alvin Chan
Amy Chan
Andrew Chan
Arthur Chan
Cecil Chan
Daniel Chan
Desmond Chan
Dilys Chan
Eva Chan
Gary Chan
George Chan
Gilbert Chan
Gladys Chan
Irene Chan
Jackie Chan
Joseph Chan
Kam Chan
Kate Chan
Lin Chan
Monica Chan
Raymond L K Chan
Raymond W M Chan
Selina Chan
Tsang Chuen Chan
Victor Chan
Winnie Chan
Daisy Chang
Helen Chang
Keith Chang
Shuli Chang
Theresa Chang
Zale Chapel
Holly Chapman
Beverly Charbonneau
Gerry Chau
Neal Chaudhary
Bernard Che
Dan Cheetham
Lilly Chen
Lydia Chen
Susan Chen
Anthony Cheng
Paul Cheng
Steven Cheng
William Cheng
Mark Chesley
Charles Cheung
Doris Cheung
Irene Cheung
Mimi Cheung
Raymond Cheung
Ricky Cheung
Sammy Cheung
Whyte Cheung
Jennifer Cheveldave
Yah Fen Ku Chiang
Chi-Ho Ching
Merle Chisholm
Jennifer Cho
Chung Keun Choi
Janet Choi
Yong Sun Choi
Justin Chok
Abner Chong
Ann Chong
Michael Chong
Andrew Chow
Donald Chow
Jim Chow
Kenny Chow
Melanie Chow
Michelle Chow
Oliver Chow
Samuel Chow
Henry Choy
Michael Choy
Jason Christensen
Stephen Christiansen
Jason Christopherson
Edmond Chu
Jessie Chu
Joanne Chu
Josephine Chu
Korina Chu
Peter Chu
Wing Len Chu
Gary Chuang
Daniel Chun
Mayme Chung
Melina Chung
Winnielee Chuus
Brian Ciccozzi
Tom Cillo
Udo Claassen
Paula Clancy
Margaret Clappison
Don Clark
Jack Clark
Kenneth Clark
Peter Clark
Richard Clark
Robert Clark
Doreen Clarke
Peter Clarkson
Tracy Clausen
Kathryn Clement
Bertha Clough
Ellen Cmolik
Karen Coates
Arlana Cochran
Al Cochrane
William Cocker
Deborah Coffey
Marcia Collier
Aaron Collins
17
foundation
Barrie Martin
Peter Mason
Lynne Mathison
Allan Matthews
D Thomas McDonald
Catherine McLean
Brian McLelland
Edward Mead
Sam Milad
Ellen Mochizuki
Archie Moore
Charles Mountain
Sue Murphy
S Dianne Nielsen
G Stewart Noble
North Shore/Sunshine
Coast Chapter
Jay Norton
Irene Olljum
Leo O’Neill
Paragon Financial
Services Inc.
Mary Pattison
Tina Peters
Pilothouse Public
Affairs Group
David Pleasance
Peter Podovinikoff
G Wynne Powell
Gene Profili
Harold Pybus
Ian Pyle
Peter Rampton
John Ratcliffe
Dan Relihan
Noll Richardsen
Randolph Robinson
Wayne Rossington
Larry Rudosky
Gordon Ruth
Bill & Luise Schulz
W Schulz
Otto Seelaus
L A William Seney
John D Seney
Yu-Young She
Terrance Sigmund
C Paul Sinitsin
Jennifer Smith
Arthur Sobotin
Sunny Sun
A Neil Tait
Kin Tam
William Tapp
Paul Tasker
Jan Thompson
True North
Engineering Ltd.
Eileen Uyede
Stanley Vandervoort
E Ruth Walper
Raye Waterberg
Laurence Westgeest
John Wilcockson
educational
John Cooke
Frank Costin
Mary Coxworth
Darleen Crawshaw
Gerald Cullen
Johan De Rooy
John Deutsch
Chris Devine
Ronald Dillabough
Edward Downing
John Dries
David Dunn
Gary Edwards
Craig Elliott
M Dave Fairhall
Patrick Fiander
Kenneth Freedman
Tom Friedrich
Ryuji Fujii
Beryl German
Donald Goodison
Irene Gordon
George Gorelik
John Groenewold
Phillip Hamelin
Pam Hansen
Joan Heaver
Kenneth Heichert
Grant Hinchey
Miyuki Hirahara
Patrick Horner
Bruce Hryciuk
Bruce Hurst
Kathy Hurst
John Inglis
Sheila Jackson
Terry Jackson
Bruce Jamieson
Henry Kastens
Rowland Kelly
Tom Kemp
Sonny Kent
Allan Kerfoot
Karen Kesteloo
Norman Keung
Apollonio Kim
Chol Kim
M Helen Knowles
Henry Kwa
Langbroek Louwerse &
Thiesen
Vincent Lee
Edwin Leung
Yi Liang
Kathy Logan
London Drugs Limited
Candy Louie
Kitty Lui
Josiah Lung
Rosa Ma
Garry Mah
Philip Mah
Irene Mark
Janice Marsh
foundation
educational
18
Teresa Collins
Elize Combrinck
Suzanne Comte
Terry Cook
Douglas Cooper
Fernando Costa
Petra Cottier
Scott Coulter
M G Cowdell
Graham Cramm
Linda Cran
Bruce Cranston
J E Crawford
Ugo Crecco
Maria Creighton
Kerry Cressey
Bernice Crick
Michael Cridge
Allan Cronie
Jared Cross
Lorna Cross
Alex Crowe
Stuart Crown
Gerardo Cruz
Katherine Cui
Claire Curial
Diane Cushing
Jean Cymbaluk
Guy Dagneau
James Dakin
Laura Dalton
Barry Dams
Spencer Dane
Maisie Dang
Michele Danielov
Roger Dardengo
Gerard Darnel
A L Dartnell
Cathy Davidson
Glenn Davidson
Jeffrey Davidson
Robyn Davidson
Ross Davidson
Frances Davies
Gillian Davies-Sall
George Davis
Robin Day
Susan Day
Roy Daykin
Dolores de Guzman
Francis De Guzman
Victor de HrussoczyWirth
David De Yagher
Edwin Deas
Beverly Dechant
Thomas Degruchy
Roland Delange
Richard Dendy
Dawn Denhertog
Vaughn Denis
Gregory Dennie
Lise Derzaph
Kevin Desai
Brian Desrocher
B Jane Dewitt
Albert Dexter
Tamak Dhanji
Gary Dhillon
Jagjiwan Dhillon
Harish Dholakia
Raquel Diaz
David Dick
Nedra Dickinson
Sandra Dinan
Julia Ding
J Lea Dixon
Teresa Doherty
Eric Domeier
Ruohan Dong
M David Dooley
Graham Doyle
George Drazenovic
William Drinkwater
Diane Dronsfield
Miranda Dugan
Barry Duggan
Terry Duggan
David Duke
Janice Dumbleton
Robert Duncan
Sheila Dunn
Beverly Dunne
Daria Durham
Phil Dyer
Richard Dyson
Wendy Dyson
Richard Earle
Meeghen Eaton
Devairakkam Ebenezer
Sandra Eberts
Frederick Eckert
Reginald Effa
Jeanne Effler
Herbert Eibensteiner
Colleen Ell
Michael Ell
Anne Ellenberger
Jeanne Elliot
Norman Elliot
Andrew Ellis
John Ellis
E Louise Emerson
Anthony Eng
Edwin Eng
Kenneth Eng
Raymond Eng
Suzanne Eng
Paul Ennis
Robert Enns
Steven Enos
J D Mark Ensor
David Erikson
Hassan Esmail
Nailin Esmail
Karen Esplen
Dorlyn Evancic
Kevin Evancic
Heather Evans
Deborah Ewart
Rodney Ewert
B Lorraine Faherty
Loreen Falys
Iris Fan
Jane Fang
Ted Farkas
Edward Farrauto
Trevor Fedyna
Donna Fehr
Gordon Feil
Leslie Feil
Sally Felgnar
J Harry Felsing
Robert Fendrick
Robert Ferguson
Susan Fernandes
Peter Ferris
Brian Fiddler
Robert Field
M Allen Finch
Bradley Fines
William Firth
Robert Fish
Colin Fisher
Elizabeth Fisher
George Fisher
James Fitzpatrick
Louise Flahiff
Maggi Flett
Bienvenido Flores
Jim Floris
Pat Foley
Byron Foli
Debra Folk
Eileen Fong
Les Fong
Terence Fong
Tracy Fong
Harold Ford
Robert Ford
Russell Ford
Michael Forman
Nicholas Forman
Kathy Forster
Mark Forster
J Casey Forward
Mark Forward
Albert Foster
W Glen Foster
Les Fovenyi
Kristin Fox
William Frache
Reinhard Frank
Ken Fraser
Sandy Fraser Cowan
Douglas Freeman
Maurice Freer
Glenn Friesen
Maria Frost
Jennifer Fuentes
Kam Fung
Lily Fung
Shirley Fung
Wendy Fung Ho
Norman Funk
Roland Gagel
Lynda Gagne
Karen Gahrns
Judy Gallacher
Donna Gallinger
Brian Galloway
Heather Gamache
Scott Gannon
Cheryl Gardiner
Mary Lou Gardiner
John Gardner
Laurie Gardner
Nesta Gardner
Douglas Garriock
Louise Garzitto
Michael Gaskin
Mansoorali Gaulani
Deborah Gauss
Denise Gauthier
Judith Gauthier
Suzyn Geary
Randell Gee
Karen Gehrs
A Bruce Gellatly
Robert Gerrie
Jaspal Ghai
Mary Gibson
Dan Giesbrecht
David Gilbert
Richard Gilbert
Ann Gilchrist
Harbinder Gill
Harjit Gill
Sukhvir Gill
Thelma Gill
David Gillard
Karen Gillespie
Nancy Gillis
Neil Gillis
D Leoni Gingras
Clifford Gittens
Harry Glasswick
Yarek Gnatowski
Herman Godefroy
Jennifer Golding
Carolyn Good
Blair Goold
Koozma Gorkoff
Julie Gosse
Mark Gosse
William Grace
Christopher Graham
Gregory Graham
James Graham
Judy Graham
Randy Graham
Henryk Grala
Peter Gray
Laura Grayson
Gordon Greef
Rami Greenberg
Betty Greening
Anne Greig
Nichole Grenier
Laury Grimston
James Grinnell
John Groenhof
Richard Grubb
Toni Grzesiczek
Serge Guay
Bruno Guenette
Jacqueline Guest
Martha Guevara-Ibarra
Peter Guichon
Joseph Gunderson
Susan Gunn
Anna Gurzynska
Peter Gutzmann
Mong Xuan Ha
Gudrun Haase
David Hack
John Hagar
Susan Haines
Robert Haley
Margaret Halsey
Kristin Hamaguchi
Marilyn Hamilton
Robert Hamilton
Sissel Hammer
William Hammond
Sead Hamzagic
William Hannah
Roland Hanoski
Dale Harvey
Darryl Harvey
Dagmar Hasek
Azeem Hassanali
Elizabeth Hatton
Baljinder Hayre
Daniel Hazell
Clem Haziza
Mingsun He
Tuula Helin
Susanne Helle
Thomas Hembroff
Robert Hemming
Scott Henderson
Beatrix Henning
Rosemary Henriksen
Gordon Henry
Tanalea Hermans
David Hiemstra
Gregory Hill
John Hill
Larry Hill
Sandra Hill
Leigh Hiquebran
Shah Hirji
Shireen Hirji
Catherina Ho
David Ho
Faye Ho
Frankie Ho
Harry Ho
Jeff Ho
Jenny Ho
John Ho
Sandy Ho
Yiu Chung Ho
Michael Hobson
Michael Hoddinott
Dean Hodgins
Michelle Hodgson
Norman Hoff
Jim Holmgren
Norman Holt
Richard Homeniuk
Guo Hong
Geoffrey Hook
Lynn Hooley Brown
Teho Huang
Yaan Huang
Peter Huber
Valarian Huculak
Bruce Huddlestone
Diana Hughes
Graham Hughes
Laurence Hughes
Alexander Hui
Anna Hui
Lily Hui
Ruth Hui
Saphire Humchitt
Surjit Hundal
Christine Hung
Edward Hung
Bruce Hunt
Sheryl Hunt
Birgitte Hunter
Noreen Hunter
Tajuddin Hussainaly
Scott Huston
Norma Hykaway
Leonard Ibbs
Wendy Idema
Maria Ilagan
Brigitte Ilk
Yalcin Ilsever
John Inkster
Douglas Ip
Gary Irvine
Matthew Jackson
Thomas Jackson
Anverali Jaffer
Syed Jafri
Tony Jalt
Fatehali Jamal
Nashir Jamal
Janice James
Srinivasa Janaswamy
David Jang
Richard Jang
Trevor Jang
Wing Jang
Henry Jansen
William Janyk
Jeff Janzen
Gordon Hansen
Ian Haqq
Sukhbir Hara
Jennifer Hardie
Raymond Harding
Tony Hardy
Dale Harnett
Nancy Harris
Yvette Harrison
A James Harvey
Cheryl Horoscoe
Christie Hou
William Houghton
Marshall House
Brent Howard
Denise Howden
Bruce Howell
Lorraine Huamali
Julie Huang
Perry Huang
Kirsten Jartved
Ingrid Jeannotte
Susan Jergens
Leanna Jiang
Liese Jim
Fong Jiu
Amir Jivraj
Beverlee Jmaiff
Eileen Johnson
Fern Johnson
William Kiss
K Russell Kitaura
David Klein
Kerstin Kleinhempel
Nada Knezevich
Helene Knipe
Akiko Knobloch
Elizabeth Knuit
Walter Kobetitch
Christina Kok
Roger Kok
Patrick Kong
Kenneth Kornylo
Kirk Koroll
Andrea Koroluk
Richard Kosick
Harald Kositza
Leonard Kowalik
Marlene Kowalski
Wayne Krawchuk
Mirsada Krdzalic
Ronnice Krug
Robert Krysac
Janet Kuan
Vicki Kuhl
Jonn Kunickey
Gary Kuno
Darrell Kure
Maninder Kurry
Variath Kutty
Miau Fong Kwa
Belinda Kwok
Edmond Kwok
Hung Yuen Kwok
Samuel Kwok
William Kwok
Shelley Kwong
Harold Kyle
Luc LaForge
Lisa Lagace
Bessie Lai
Carrie Lai
Debbie Lai
George Lai
Karen Lai
Lawrence Lai
Lucilla Lai
Philip Lai
William Lai
Carolyn Laidman-Betts
Juliana Laing
Robert Laing
Raymond Lallier
Aileen Lam
Brian Lam
Daniel Lam
Helen Lam
Henry Lam
Jeffrey Lam
Kam Ho Lam
Mei Lam
Patrick Lam
Patty Lam
Peter Lam
Solomon Lam
Susana Lam
Wai Hing Lam
Sharon Lamb
Kelvin Lambright
Nadine Lancaster
Sandra Landry
Patricia Lane
Richard Lang
Vivian Lau
Patrick Lavin
Hiang Ning Law
Mia Law
Hanora Lawlor
J W Bill Lawson
Ray Lawton
Antoni Lecznar
Sandra Leduc
Alfred Lee
Andrew Lee
Barbara Lee
Brenda Lee
Charles Lee
Chris Lee
Cindy Lee
Colin Lee
C Patty Lee
Daryl Lee
Donna Lee
Frank Lee
Gershom Lee
James Lee
Kenneth Lee
Lawrence Lee
Mee San Lee
Michael Lee
Michelle Lee
Mona Lee
Murray Lee
Paul Lee
Sharon Lee
Susan Lee
Susie Lee
Vanessa Lee
Paul Leedham
Tracy Leong
Robert LeSage
Virginia Lessard
Natalee Letawsky
Allen Leung
Benjamin Leung
Carol Leung
Christina Leung
Frank Leung
Gloria Leung
Ida Leung
Stanley Lang
Mark Lange
David Lanthier
Sylvia Lanz
Darlene LaPlante
Raquel Larson
Todd Larson
Sharon Latham
Dayton Lau
John Lau
Judy Lau
Kin Ip Lau
Ulin Lau
Jacky Leung
Jacqueline Leung
James Leung
Karen Leung
Marianne Leung
Rebecca Leung
Shellen Leung
Thomas Leung
Wilson Leung
Winnie Leung
Aase Levy
Bogumila Lewis
Richard Lewis
Marcella Leyden
Alyssa Li
Cindy Li
Daniel Li
Galen Li
Harriet Li
Henry Li
Peona Li
Sharon Li
Vivien Li
Stephen Li
Don Liang
Rowena Liang
Shih-Yun Liang
Steve Liao
Rita Lichimo
Lise Liebich
Susan Liem
Angeline Lim
Cynthia Lim
Edna Lim
May Lim
Stephen Lim
Thomas Lim
Garry Limpright
Belinda Lin
David Lin
Marnie Lindeman
Paul Ling
Jerry Linning
Genevieve Lisaingo
Darrell Lister
Dorinda Liu
Douglas Liu
Jude Liu
Rosa Liu
Rosemary Liu
Hugh Livingstone
Richard Lloyd
Fiona Lo
Wing Ip Lo
T Mark Loblaw
Adam Loeffelmann
Karen Loeppky
Susanna Loh
Laurence Lok
Gregory Long
Richard Long
Sylvia Long
Gabrielle Loren
William Lougheed
Janie Louie
Richard Louie
Irene Low
Lawrence Low
Philip Low
Howard Lowe
Scott Lower
Roger Lu
Wayne Luck
Allan Lumb
Lynn Luong
David Ma
My-Phuong Ma
Oliver Ma
Suzanne Ma
Wendy Ma
Lise Maass
David MacCulloch
Betty Macdonald
Elizabeth MacDougall
Jonathan MacDougall
Timothy MacDougall
Victoria Macfarlane
Teresa MacGillivary
Lisbet MacKay
Troy MacLean
Mary MacLellan
Ken MacLeod
Lisa MacNaughton
Barry MacNeil
Ian MacPherson
Robert MacWhirter
Bashir Madhani
Mick Maguire
Barry Mah
Deborah Mah
Edmund Mak
Peter Malcolm
Lillian Malecic
Gil Malinowsky
Steven Malish
Ruth Malli
Ernest Malone
Jerome Malysh
Concepcion Mananquil
Anna Mann
Christopher Marchant
Susan Marchesi
Wilfred Marcq
Ian Marr
Joan Marriott
Lisa Marsh
David Marshall
J George Martin
Theresa Martin
James Martineau
Pamela Marzban
Donald Mason
Michelle Mason
Donna Mathiasen
Lori Mathison
John Matterson
Shirley Mauger
Ashraf Mawji
D Kevin Mayo
Deborah Mayotte
Sylvia Mazolleck
E Michael McAdam
Judith McAllister
Stuart McAusland
Charlene McComber
Trevor McConnell
Philip McCourt
Glenn McCoy
Arlo McCubbin
Denise McCullough
Beryl McCully
Brenda McCurrie
Alexander McDonald
Ron McDougall
Doris McEachern
Gary McEwan
Alfred McEwen
David McFadden
Ian McGregor
Birgit McKendrick
Laura McKerrell
Jean McKinnelGimena
Kenneth McLaren
Barry McLean
Kenneth McLean
Randy McLean
Ronald McLean
Anthony McMurchy
Dallas McMurtrie
Gary McMurtrie
Gordon McNaughton
Daniel McNeill
Linda McNeilly
Judith McPhee
Nancy McPhillips
Ian McSpadden
Douglas Mears
Susan Meloche
Robert Meredith
Darlene Merriman
Nancy Merston
John Mesa
Andrea Messing
Bridgette Mettler
David Mew
Doris Middleton
Arthur Mihailoff
Anthony Miles
Lyle Millar
Barry Miller
John Miller
Kenneth Miller
Dorothy Mills
W Douglas Mills
Barry Milne
Robert Milne
John Milobar
Paul Minett
Vincent Minifie
Lory Mitchell
Nancy Mitchell
Patricia Mitchell
19
foundation
M Gloria Kalmar
Radha Kalra
Timothy Kalsbeek
Roger Kamikura
Patti Kamstra
Jane Kao
Mike Kao
Aziz Kara
Peter Karius
Howard Karpes
Wade Kaskiw
Nashir Kassam
Nazir Kassam
Aly Kassim-Lakha
Mark Katsumata
Ana Kay
Roula Kaye
Laurence Kazdan
Shirley Keen
Steven Keenan
Patrick Keller
Chris Kellman
Brian Kelly
Jill Kelly
Brenda Kelm
Dorothy Kelt
Lisa Kemle
Leslie Kennett
David Kent
Lori Kercher
Dorothy Keung
John Keung
Sam Keung
Colin Key
Anil Khan
Inderjit Khattra
Gary Kidson
Darren Kiedyk
Donald Kier
Gary Kilgour
Isabella Kilgour
Douglas Kim
Mak Kim
Steve Kim
Yeesan Kim
Diana King
Marie Kinghorn
Ranjit Kingra
John Kirincic
Bonnie Kirk
Matthew Kirk
Terry Kirkham
Elizabeth Kiss
educational
K Tory Johnson
Neil Johnson
Stacy Johnson
William Johnson
Candy Johnston
Douglas A Johnston
Douglas G Johnston
Jo-Ann Johnston
Kenneth A Johnston
Kenneth G Johnston
Ronald Johnston
Paul Johnstone
John Jondahl
Alan Jones
Donald Jones
Renee Jones
Vernon Jones
Jaswinder Jonjua
Melvyn Jorgensen
Betty Ju
Nancy Jue
Sebastian Jung
Sharon Jung
Wan Jung
Adam Jurczuk
Angela Kaiser
Anthony Kalanj
foundation
educational
20
Bryan Mix
Naomi Mochizuki
Darryl Moffat
Gordon Moffatt
Lyle Molyneaux
Kellie Moniz
Marnie Monka
W Arthur Mooney
Duncan Moore
Jason Moore
Joan Moore
Tiffany Moore
Peter Moore-Stevens
Lehla Moran
Shauna Morelli
Darrell Morgan
Doug Morgan
Karen Mori
John Morita
G Shayn Moritz
Diana Morris
Kimberley Morrison
Sandra Moskalyk
David Mottes
Shirley Moy
Kent Mui
Warren Mui
Arnold Mulder
R Mike Mullin
Gloria Munro
Tina Munro
Wayne Murdock
James Murphy
Ivan Myers
Kamaljit Nagra
Issa Nakhleh
Lois Nash
Bilkish Nathwani
Andrew Nazareth
Oliver Neaves
Vivian Nelson
David Nesbitt
Monica Neville
Sandra Newfield
Carol Newhouse
Gerald Newman
Raymond Newstead
Anita Ng
Anthony Ng
David Ng
James Ng
Lisa Ng
Marine Ng
Raymond Ng
Regina Ng
Stella Ng
Terence Ng
Thomas Ng
Patrick Ngan
Kim Nguyen
Tina Nguyen
William Nicholls
Gary Nichols
Daniel Nicholson
Edward Nickel
David Nielsen
Ted Nikiforuk
Paul Nind
Janet Nixon
Nancy Nixon
Peggy Nixon
Henryka Norgren
Michael Norona
Frank Northcott
Myles Novak
Robert Nowell
Carol Nuernberger
Charlene Nunes
Carol Nunn
Aziz Nurmohamed
Anthony Nylander
John O’Brien
Bruce Ockenden
Linda O’Connell
Rory O’Connell
June O’Connor
Dirk Odenwald
Michael Olaires
E Keith Ollis
Wally Olsen
Sterling Olson
David On
Swana Onaga
Jacqueline Osborne
Lorne Oss
Bakul Pachchigar
Jan Pajak
Thomas Pak
Gabor Palos
Napinder Pandher
James Pang
Suki Pang
Manbir Parhar
Heewan Park
Beverly Parker
Denise Parker
Marita Parker
Amarjit Parmar
Kamaljit Parmar
Ken Parson
Alan Pattinson
Maria Pattison
Florence Patton
Jo Anne Paty
Gregory Paul
Corinne Pavlakos
Lloyd Paxton
Kathryn Payne
David Peachey
Barbara Peacock
Kenneth Pearce
Brian Pearson
Deborah Pearson
Ivor Pearson
Teresa Pedersen
William Peek
David Pel
Bonnie Pelletier
Rodger Penner
Lyn Perry
Ronald Persaud
Angelique Peters
M Angus Petrie
Donato Petriello
Marie Petriw
Brent Petterson
Jerry Pickering
Linda Pickton
Leonard Pietrzykowski
Patricia Pipars
Lynne Pippus
Karen Playfair
Larry Plume
Alexander Podulsky
Chap Kim Poh
Kingsley Poku
Lester Poltak
Robert Poole
Herman Poon
Rockson Poon
Suk Fun Poon
Philip Posehn
Debra Potter
Cindy Poulin
Lloyd Powell
Albert Poy
Heather Praxl
Robert Prendergast
Barbara Preston
Garry Prevette
Jeffrey Price
Garry Primeau
Peter Prior
A L Ursula Pritchard
Rosemary Pritchard
Sandra Proceviat
Ronald Pronger
Michael Proud
Joan Proudfoot
Thomas Prutton
Richard Pughe
Christine Purfield
Priyavadan Purohit
David Putz
Mark Pyka
John Pyne
Barry Pynn
Jenny Qian
Douglas Querns
Howard Quon
Marlene Quon
David Raderecht
Romesh Raheja
Kuldip Rai
Sheikh Raisuddin
Nizar Rajan
Shabira Rajan
Derek Rand
Lawrence Rannie
Franco Rasera
Sharmin Rashid
Deborah Rasnick
Leonard Rawluk
Bernard Reed
Frank Regehr
Donna Regen
Douglas Reid
Fraser Reid
Gordon Reid
John Reid
Scott Reid
Karen Reimer
Kabyer Remtilla
Yvonne Renema
W Stewart Rennie
Doreen Renton
Lynn Reston
Harry Rezansoff
Irina Reznikov
Alan Rhodes
Joan Rhodes
Juliette Rhodes
Lolyta Richards
Robin Richards
Kenneth Richardson
Christine Riches
Frank Richter
Gilbert Rinas
Ali Rizvi
Fred Robertson
Jamie Robertson
Carol Robinson
Gayle Robinson
Lynne Robinson
Kevin Roden
R Daniel Rodin
Maria Roeck
Elizabeth Rogers
David Rolfsen
Kevin Rolston
Craig Ross
Karen Ross
Jason Roth
Judy Rothwell
Lawrence Roulston
Joan Russell
Robert Russell
Michael Rutherford
R Bruce Ryan
Madyline Rycroft
Mahyar Sadat
Hayatshahi
Eileen Sallis
Calvin Sam
Patricia Sample
Gordon Samson
Gurpreet Sandhu
Ranjit Sandhu
Sarb Sandhu
Marilyn Sanford
Chris Sargent
Murray Sasyniuk
Wayne Satterthwaite
Christopher Saunders
Helen Sawchuk
Dennis Say
Ryan Schauble
Ron Schell
Kathleen Schenker
Gerald Schlenker
Michael Schleppe
Carmen Schmidbauer
Ulrich Schmidt
Norman Schmitz
Norah Scholten
Joseph Schretlen
Carol Schroeder
Melanie Schroeder
Norman Schroeder
Susan Schulze
Arthur Schupp
Reinhold Schuster
Kathleen Schwaia
Edith Schwarz
Mark Scoten
David Scott
James G Scott
Jill Scott
Richard Scott
Patricia Seger
Lynda Seigneuret
Gary Seito
Pushpinder Sekhon
David Sela
Jason Sellars
Hank Semturis
Ann Senae
Albert Sennett
Harry Seto
Atul Shah
Shohreh Shahabi
George Shahnazarian
Patrick Shannon
Nasir Shariff
Satish Sharma
Stacey Sharp
Terrence Sharpe
Dale Sheldon
John Shelling
Greg Shenton
Donald Sher
Dale Sherman
Joseph Sheu
Andy Shimizu
Sally Shone
Sheilagh Shufelt
Eva Shum
Lisa Shum
Shangara Sian
Gurdeep Sidhu
Ranjit Sidhu
JoAnne Silgailis
Gordon Sim
Linda Sims
Dan Simunic
Karen Sinclair
Jonathan Singh
Arthur Sit
Samuel Siu
Yee Hung Siu
Lisa Skippen
Ellen Slanina
Stephen Sleigh
Darlene Smid
Andrea Smith
Calvin Smith
Katherine Smith
Robin Smith
Roger Smith
Judy Snell
Ada So
Philip So
Annette Soane
Parmjit Sohal
Birgitta Soini
Manchan
Sonachansingh
Stephanie Song
Rajinder Soni
Attila Soos
Marc Soprovich
Cathay Sousa
Jean Soutar
Terri Spagnuolo
Stephen Spector
Bradley Speirs
Tracey St Denis
Iris St Pierre
John Stalzer
Susan Stanley
Laura Stanton
G Murray Steenson
Vernon Steinke
Gail Stephens
James Stephens
Susan Stephens
Paul Stepto
Kimberley Sterling
Irene Sternitzke
Brad Stevenson
Julie-Anne Stevenson
Patricia Stewart
Russell Stewart
Almeva Stiles
Deborah Stitt
Kenneth Stoke
Raymond Stone
Josie Strazza
Elizabeth Stuart
Philip Stuart
Gordon Sullivan
Jacqueline Sun
Grant Sundahl
Hun Sunwoo
Surrey/Langley/
North Delta Chapter
John Sutherland
Marie Sutherland
Evelyn Suvajdzic
James Symonds
Monica Sze
Roy Szeto
Jacqueline Tai
Jeff Tait
Laurie Talbourdet
Amy Tam
Benjamin Tam
Daniel Tam
Donna Tam
Jason Tam
Ted Tam
Yvonne Tam
Carolina Tan
Guillerma Tan
Jude Tan
Ron Tang
Sylvia Tang
Yvonne Tang
Cheng-Yan Tay
William Tayler
Kevin Taylor
Patricia Taylor
W Judith Taylor
Howard Teasley
David Teichrob
Donald Teichroeb
Maureen Telfer
Albert Teng
Wendy Teng
Eddy Teranishi
T Delane Terrillon
Marc Tews
Angus Thackray
Kavita Thakorlal
Wayne Tham
James A Thomas
James H Thomas
Paula Thomlinson
Desmond Thompson
Robie Thorn
Geoff Thorpe
J Alan Thorsen
Susan Threlfall
Pandora Tin
Walter Tong
Purita Tongol
Ibolya Toplak
Colin Topley
Cornelio Tosino
Pamela Toth
Kent Toy
David Toynbee
Donna Traas
George Tran
E Jean Trask
Martin Tremblay
Gary Trotter
Shane Troyer
Chris Trumpy
Elaine Tsang
Ella Tsang
Florence Tsang
Li Fong Tse
Liza Tse
Rosalia Tse
Daphne Tso
David Tsoi
Timothy Tsoi
Louisa Tsui
Donna Tuey
Fay Tup Chong
Robert Turner
William Turner
Anne-Marie Tvete
Christopher Twells
Linda Tynan
David Umbach
David Upton
Cynthia Valuck
Anne Van Balkom
John Van Gool
David Van Gruen
Ronald Van Halen
Arn van Iersel
Sake Van Randen
William Van Slee
William VanderGaag
Lambertus Vanderham
John Vanderkooy
Hubert Vanderlee
Teresa Vaugeois
Raj Vedd
Etienne Verhelst
Shirley Verley
Karin Vickars
Douglas Vince
Shokat Virani
Rakesh Vithalbhai
Antoinett Vogels
Kevin Wade
Brenda Waechter
Victor Waese
Frederick Wagner
Richard Wahl
Clara Wai
Jason Waldron
Angela Wales
K Joanne Wall
Philip Wall
Stephen Wall
Shaila Walters
Judy Wang
Liping Wang
Ting Wang
R Leonard Wansbrough
John Ward
Richard Ward
Andrew Wardell
Gordon Wark
Sean Warren
Gordon Watson
Hugh Watson
Iain Watson
Chi Watt
Angeline Watts
Debra Webb
Michael Webber
P Angela Webster
Evelyn Wedley
Heather Weir
Shelley Weisner
Tracy Welch
Brian Welwood
Heidi Werner
Todd Westphal
Lachlan Whatley
Duncan White
Ivan White
Lillian White
Clifford Whitehead
Graham Whitehead
Robert Whitmore
A Jack Whittaker
Edwin Whittla
Kenneth Wiebe
Barb Wiersma
Sandra Wike
Robert Wilband
Rod Wilczak
Angus Wilkinson
Robert Wilkinson
Ember Williams
Michael Williams
Pamela Williams
Wayne Williams
Gordon Wilson
Isabella Wilson
Jane Wilson
Karen Wilson
Paul Wilson
Richard Wilson
Sonia Wilson
Kimberly WilsonMcCreath
Richard Wilton
Robert Wing
Ronald Wirth
Scott Wisdahl
John Witteveen
Steven Woloshyn
Angela Wong
Anne Wong
Danny Wong
David Wong
Dennis Wong
Diana Wong
Edmund Wong
Francis B C Wong
Francis T Y Wong
Henry Wong
Irene Wong
Jackie Wong
James Wong
Jane Wong
Joe Wong
Keith Wong
Kermit Wong
Kimberly Wong
Miranda Wong
Richard Wong
Shirley Wong
T C Patrick Wong
Teresa Wong
Tim Wong
Tommy Wong
Tosa Wong
Katalina Woo
Lucy Wood
Richard Wood
Ronald Wood
Gordon Would
Shawn Wright
Louis Wu
Mary Wu
Peter Wu
Philip Wu
Raymond Wu
Carol-Anne Wyatt
Erica Wynn
Michael Wynne
Barbara Wyntjes
Ying Xie
Cheryl Xue
Freda Xue
Grace Yam
Kenneth Yam
Winnie Wei Yan
Winnie Yong-Ning
Yan
Li Lin Yang
Connie Yasinchuk
Cecilia Yee
Francis Yee
Freeman Yee
Peggy Yelland
Albert Yen
Brad Yerxa
Elaine Yeung
Monica Yeung
Anna Yip
Kwai-Chung Yip
Margaret Yip
Christina Yiu
Hermanis Yiu
Paul Yiu
S Lian Yong
Edwin Young
Margo Young
Richard Young
Andy Yu
Danny Yu
Eric Yu
Freda Yu
Gladys Yu
Paul Yu
Wing Yu
Clara Yue
Jane Yue
Denny Yuen
Grace Yuen
Sherman Yuen
Jacqueline Zacharias
SVI Chapter raises $3,500 for Foundation
Just over $3,500 was raised through silent auctions and donations by the Southern Vancouver
Island chapter on behalf of the CGA-BC Educational Foundation.
Special guests included Foundation Chairman Bill Seney, CGA, who praised the chapter’s fundraising record, CGA-BC President Len Pietrzykowski, FCGA, and Ida Chong, CGA, Minister of State for
Women’s and Seniors’ Services.
EVENT DONORS
Anonymous
CGA-BC
CIRCA ICI
Delta Sun Peaks Resort
Fifth Avenue
Holdings Ltd
Fletcher’s Fishing
Charter
Galloway Botteselle &
Company
Le Kiu Importing
Co Ltd
London Drugs Limited
Orca Bay Sports &
Entertainment
The Grand Okanagan
Lakefront Resort &
Conference Centre
Victoria Chinese
Restaurant
York International
Limited
YWCA Vancouver
Photos from left to right on pages 18 and 19: Cindy
Poulin, SVI newsletter chair, bids silently; CGA-BC
President Len Pietrzykowski and MLA Ida Chong
greet the crowd; Paul Ennis, SVI Chapter Chair; CGABC 1st Vice-President Rita Estock, Educational Foundation Chairman Bill Seney and Len Pietrzykowski;
Cindy Poulin and SVI Vice-Chair and Treasurer Deborah
Rasnick; Cheryl van Iersel and B.C. Comptroller
General Arn van Iersel; Social Committee Chair
Vanessa Lee gives out lucky ticket; Timmy Chooi
serenades diners.
21
foundation
Convocation 2003
The Foundation would like to congratulate our 2002/2003 scholarship winners on their academic achievements.
These awards were presented at the CGA-BC Convocation ceremony on November 1, 2003.
Level 1 Tuition Scholarships
Level 2 Tuition Scholarships
Level 3 Tuition Scholarships
Level 4 Tuition Scholarships
ACCPAC International Scholarship
Lotus Development Canada Scholarship
Dave Elder Memorial Prize in Accounting
Taxation 1 CCH Canadian Scholarships
Auditing 1 CCH Canadian Scholarships
Taxation 2 CCH Canadian Scholarships
Robert Half International Services Award
Barbeau Silver Medal
Heath Lambert Benefits Consulting Inc. Scholarship
David B. Reid Scholarship
W. Curry McCalpin Award
educational
More than 70 CGAs, students and friends welcomed the Year of the Monkey at Ming’s Restaurant
in Victoria this February 4. In addition to a sumptuous nine-course dinner, the crowd was treated
to 10-year-old violin sensation Timmy Chooi.
Tracy Zech
Jingmei ZengGrant
Andrea Zenko
Anita Zhang
Baoqun Zhang
Jian Zhang
Yan Yan Zhou
Heidi Zhu
Lijing Zhu
Sabrina Zhu
Gary Zilkie
Nisha Agrawal, Surrey
Colin Johnstone, Kelowna
Wendy Lunde, Nanaimo
Tao Zhou, Burnaby
Julie Tung, Richmond
Gillian Pilley, North Vancouver
Wendy Lunde, Nanaimo
Agni Exarchoulis, Vancouver
Katherine Kovacs, Campbell River
Pamela Felix, Vancouver
Mark Patterson, Vancouver
Pamela Felix, Vancouver
Lei Chen, Vancouver
Lisa Moore, Williams Lake
Susan Gibbons, CGA, Vancouver
In addition to our academic scholarships, bursaries funded through the general donations of our members, students and corporate partners are also available to CGA students. Annual named bursaries awarded include:
J. Alfred Marsh Bursary Vancouver CGA Computer User Group Bursary
In 2003, the Elite Woo bursary was established by Ron Woo, CGA, in memory of his mother.
Make a Donation
that will
Make a Difference.
Code N
foundation
Since 1988 the CGA-BC Educational Foundation has been
assisting CGA students through its scholarship and bursary
programs. Adversity or financial crisis can mean the difference
between success and failure for our students. We see them
confronting the challenges of sickness, disability, and the care
of elderly parents.
Thanks to you, the Foundation continues to grow and provide
our students with hope for the future. But, despite our efforts,
we cannot help all students requiring assistance.
Cash — the simplest of all gifts is cash.
Bequest — an identified gift in your will, a legacy to benefit future
generations.
Insurance — existing or new policies, consider the Foundation as
beneficiary.
RRSP or RRIF — donate with your retirement savings plan.
Securities and Shares —are ideal donations for individuals who
have much of their finances tied up in investments.
Your contribution can make the difference.
Yes, I would like to assist CGA students by making a tax deductible donation of:
22
educational
Consider a gift to the CGA-BC Educational Foundation.
❑ $1,000
❑ $500
❑ $250
❑ $100
❑ Other $___________
❑ I wish to remain anonymous.
I WISH TO PAY BY:
❑
❑
Cheque (enclosed) ❑ VISA ❑ MasterCard
I would like to make my donation monthly. Please charge my credit card $______________ on the 15th of each month
for ______________ months for a total donation to the Foundation of $ ______________ .
Card number __________________________________________________ Expiry ______________________________________
Signature _____________________________________________________
MY RECEIPT IS TO BE SENT TO:
Name _____________________________________________________________________________________________________
Address _______________________________________________________ City ________________________________________
Postal Code ___________________________________________________ Phone ______________________________________
❑
❑
Please direct my donation to the J. Alfred Marsh Bursary fund.
Please direct my donation to the David B. Reid Scholarship fund.
CGA-BC Educational Foundation
300-1867 West Broadway, Vancouver, BC V6J 5L4
Fax: (604) 732-1419 Phone: (604) 732-1211
Code: N
FA X
FOR
DIRECTLY TO THE
FOUNDATION
AT (604) 732-1419
MORE INFORMATION REGARDING THE FOUNDATION
PLEA SE SEE OUR WEBSITE AT www.cga-bc.org
CGA-BC
S TA F F N E W S
SnapShots continued from page 15
CGAEvents
Seen at the recent luncheon organized by the Hong Kong
Economic & Trade Office, the Hong Kong-Canada Business Association and the Canadian Club, Vancouver chapter are: the
Honourable Elsie Leung Oi Sie, Secretary for Justice, Hong Kong
Special Administrative Region; Bill
Caulfield, CGA (Hon.), Executive
Director, CGA-BC; and Bassanio
So, Director, Hong Kong Economic and Trade Office, Canada.
Pietrzykowski, FCGA,
president; Rita Estock,
CGA, first vice-president; Bill Caulfield,
CGA (Hon.), executive
director; Edward Downing, director of commu-
outlook
CGA-BC is pleased to announce the promotion
of Juliana Laing to the position of Director,
Corporate Affairs. Juliana, who previously held
the role of Manager, Corporate and Executive
Affairs with the Association, assumes responsibility for our intranet and Website administration
and takes on greater responsibility in Board
relations, governance and organizational effectiveness. Congratulations Juliana.
On February 17, 2004, five representatives of the CGA Association
were present at the provincial
budget lockup at Victoria. Len
23
The Marketing and Communications division
has added a public affairs officer to enhance the
Association’s relations with government and to
promote our positions among public and private
sector decision makers. David Hanley
brings extensive experience and market knowledge after serving in similar roles with the Canadian Taxpayers Federation (in Victoria) and The
Fraser Institute, and as an editorial writer with
The Ottawa Citizen. Welcome aboard, David!
D i d Yo u K n o w ?
CGA-BC is the fifth largest professional association in the
province, according to Business in Vancouver.
Pictured above: Gary Collins delivers B.C.’s balanced budget; above left:
media cover the budget.
FutureCGAEvents
The annual CGA-BC MLA Luncheon will carry on its grand tradition of bringing the Association’s message to our elected officials
again this May 4 at the Hotel Grand Pacific in Victoria. The luncheon is always well attended by government, CGA-BC MLA
liaisons from across the province and the press. This year’s speaker
is CGA-Canada President and COO Tony Ariganello, FCGA,
who will address trust and ethics in business. To register for this
event, check for updates in CGADirect or email Pardeep Sidhu at
[email protected].
The Quarter Century Club will reconvene on Friday, May 7 at the
Hilton Vancouver Metrotown Hotel. In addition to welcoming the
many green rookies to this year’s team, we will be honouring two
50-year stalwarts: Gordon Lee and Archie Moore. For more information about the event, contact Tracey Tse at [email protected].
department
nications; and David Hanley, public affairs officer, worked together
to respond to the government’s
GAAP-compliant balanced budget. During the media scrum, Len
Pietrzykowski was interviewed by
many of the print and broadcast
media in attendance, and his views
were published in the Vancouver
Sun and Victoria Times Colonist.
CGASur vey
Value for Your Money
Membership Satisfaction Survey Tells Good News Story.
By Kathy Hurst, CGA, Director of Member Services
outlook
T
department
24
he results are in from the Association’s latest member survey. And
an overwhelming 86 per cent of
CGAs believe they receive very or fairly
good value for dues. That’s a jump from
74 per cent in 2001.
The survey was conducted by the Vancouver polling firm Synovate who telephoned
300 CGA members in late 2003. Results
are considered accurate within ±6 percentage points. It is part of the Association’s
ongoing commitment to providing the
best services to members as well as to assess
what members need from the Association.
Results provide a snapshot on member
attitudes and play an essential part in
the organization’s long-term planning.
This information is vital as the Association
works to fulfill our strategic plan’s goal of
making CGA-BC a must-belong-to organization for accountants seeking career
success.
The survey tracked some of the key trends
relating to the Association’s objectives, services and events. It also sought to obtain
members’ views on the role of the Association and our performance in promoting
your interests to government and business.
We were also seeking opinions on what
vehicles the Association uses to communicate, the ranking of existing and projected
services, as well as views on a new Continuing Professional Development (CPD)
requirement.
Respect for the Designation
Nine out of ten CGA members surveyed
are directly using and relying on their
CGA designation in their career. The most
valuable aspects of the CGA designation
are the job and career opportunities it provides. Seventy-six per cent of members feel
that having the CGA designation increases the potential for promotion and
advancement. Government employees are
more likely to agree with this statement
(91 per cent) than those in public practice
and industry, both at 76 per cent.
Virtually all members (98 per cent) believe
that CGAs have the recognition and
respect of the business community; 93 per
cent agree that CGAs have the recognition
and respect of government.
Association services rated, with 86 per cent
of members surveyed giving it 4 or 5 out of
5. Next is the Member/Public Practice
Advisory Service ranked highly by 81 per
cent of members, up from 72 per cent in
2001. Although members in public practice place the highest priority on this service, the great majority of members from
other sectors also give it high ratings.
Guidance Bulletins and the Employment
Referral Service are tied at third. Members’
recognition of the Find a CGA service has
increased since
Association Objectives
The majority of members continue
to rate the Association highly on
fulfilling its objectives. It is
most highly regarded on
setting standards and
enforcing standards
and ethics, earning
high marks from
85 per cent of
members.
Eighty per cent
of members
rank us highly
for promoting
CGAs in the
business community. Members’ ratings of
the Association’s
efforts in assisting in the development of professional
expertise continue to
rise, up 12 points since
1994 to 79 per cent.
The Association also receives
accolades from 76 per cent of
members for our role in positioning the
CGA designation as the accounting program of choice. Just over six out of 10
members gave a good or very good rating
for representing members’ interests to government and other regulatory bodies. This
area will be a central focus of the Association’s government relations and public
advocacy program, which is set out in our
new strategic plan.
CGA Services and Events
The CGA PD Network, launched in 2001,
is considered the most important of nine
2001, to 72 per cent from 64 per cent.
Resources (the member roster) and Outlook
magazine are ranked 3 to 5 out of 5 by 84
per cent of members.
The 2003 survey looked more closely at
the Employment Referral Service. Almost
half of members are now using this service,
up 10 per cent in two years. Company
usage has also risen significantly. Company
reasons for not using the service are not
generally related to the service itself, but to
lack of hiring or regulated hiring practices.
Professional Development
attending in-person
across all member
groups, these two
options do find relatively higher interest
among newer members.
A final question in the
2003 survey sought
members’ opinions on
strengthening our longstanding mandatory CPD
requirement, in the interest of
enhancing public confidence.
Members were divided on being
required to complete an in-person or online
seminar once every three years on professional standards or ethics. Overall, 54 per
cent said it should be required; 45 per cent
said it should not. Newer and younger
members were more strongly in favour.
report using it. Work-related research continues to be a common reason for going
online. Accessing PD information online
has increased markedly since 2001, to
76 per cent from 46 per cent. Meanwhile,
74 per cent of CGA-BC members report
using Internet banking. Over half of members surveyed are also using online news
and information subscription services,
job recruiting/job hunting and
purchasing goods and services online. More members are also using
online education
seminars and tutorials, rising to 41
per cent from
30 per cent.
Chat/discussion groups
remain the
least popular
use for the
Internet. Not
surprisingly,
Internet usage
is highest among
young and relatively new CGAs.
Use of the CGA-BC
Website has experienced
some significant gains over
the past two years. Accessing
the site for PD schedules, contact
information, Members Heads Up, general information and resources 2003 online
have each doubled since 2001. Awareness
of the new CGADirect online services has
reached 77 per cent since the May 2003
launch. At the time of the survey members
were mainly using CGADirect to update
personal information and to pay member
dues and public practice fees. Since the
survey was done, registering online for PD
events and reporting CPD activities has
increased.
Members are also expressing an interest in
receiving certain information from the
Association by email in place of traditional
paper-based mailings. Many members prefer to receive email updates from the
Association rather than searching it out on
the Website. Given the choice of receiving
the member roster in hard copy annually
or accessing an up-to-date and searchable
roster on the CGA-BC Website, a majority
opted for the online version.
Communications
Email is the most popular Internet service;
91 per cent of CGA members surveyed
All figures were presented by Synovate.
25
department
main provider much more so than members working within the government, who
report relying primarily on their employer.
Overall, a 73 per cent majority of members
feel that their employer understands and
supports the value of continuing professional development. For members under
age 35, this support extends to 94 per cent.
In-person delivery of PD seminars remains
the preferred format for 70 per cent of
members, compared with 13 per cent who
prefer online seminars and 14 per cent who
prefer self-study. Taking courses online is
second choice for 50 per cent of those
surveyed. While taking courses online or
through self-study is less popular than
outlook
Professional development seminars were
clearly the most important of CGA-BC
events. Ninety-two per cent of members
give a 4 or 5 out of 5 to PD seminars.
Across the membership, 97 per cent of public practitioners, 91 per cent of industry and
86 per cent of government employees see
PD as an important service. Importance
accorded to the Annual Public Practice
Meeting (APPM), the Annual Industry &
Public Sector Forum (IPSF) and the annual CGA-BC conference is in the 60 per
cent range.
Association programs are the main PD
source for 42 per cent of members and
used occasionally by a further 13 per
cent. CGA-BC chapters are named as a
main provider by 13 per cent. Since
2001, the use of employers for PD has
increased to 23 per cent from 14 per
cent. There are notable differences
between employment sectors when it
comes to PD providers. Members in
public practice name CGA-BC as their
F i n a l Wo r d
New Era Begins With
Balanced Budget
B.C. needs a high-carb diet of tax and debt reduction.
By Len Pietrzykowski, FCGA
outlook
I
finalword
26
n his balanced-budget speech to the
B.C. legislature, Finance Minister
Gary Collins rightly hailed the 20042005 budget as “a major step towards a
better future.” And an important step it
was.
But what about subsequent steps? In which
direction, and at what pace, will they carry
our province forward?
To finally speak in such terms, to even face
these questions as our new challenge—
rather than another year of “How do we
get out of the red?”—is a mark of the government’s commitment to fiscal responsibility. It is also an indication of our resolve as
British Columbians. Throughout the 1990s,
This budget was a
major step towards a
better future.
chronic deficits took their toll on our economy and standard of living. Eventually, fiscal mismanagement set off evacuation
sirens, with talent and capital fleeing B.C.
for jurisdictions that rewarded hard work
and welcomed job- and wealth-creators.
Balancing the books has been no minor
accomplishment. This is only the fifth balanced budget in B.C. in the past 24 years.
Guided by a sound revival plan, the government has managed to breathe life into a
moribund economy. We deserve this good
news, to bask in it momentarily, and to
commend those who delivered on their
promise.
In a sense, on February 17, 2004, a “New
Era” did begin...finally.
answering “No” to all those asking for
more government resources. The real challenge, he said, was to decide what to do
when balanced or surplus budgets offered
more choice in policy making.
CGA-BC has an important role to play in
determining what lies ahead, just as our
past efforts were successful, for example,
in helping to introduce Generally Accepted Accounting Principles into the latest
budget.
While some outside the accounting profession may consider it an eye-glazing sidebar,
presenting a GAAP-compliant budget was
not only a Liberal election promise made
good, but also a real victory for all of us
who pushed for “truth in budgeting.”
Now we need to keep the government’s focus on investing in the
infrastructure of the province and
growing our economy. To use an
Olympic metaphor, we’ve only
taken a few short steps to the starting
line by balancing the budget. To get our
economy up and running competitively
again, B.C. needs a high-carb diet of tax
and debt reduction, improved access to
new markets, aggressive development of
new technologies and the oil and gas sector.
With an election in sight, we strongly urge
the government to resist the temptation to
initiate a new round of spending. And we
are certain Mr. Collins will resist this urge.
But we direct him to B.C.’s finance committee recommendations from last year’s
pre-budget hearings. When asked by the
committee how future surpluses should be
used, the public’s top three priorities were:
health and education; reducing the provin-
cial sales tax from 7.5 per cent to 7 per cent;
and paying down the debt.
As the government has reminded voters,
there’s been no shortage of extra spending
on health and education. Mr. Collins also
has stated publicly that future tax reductions will begin with a decrease in the
provincial sales tax. That’s welcome news.
That leaves our still-increasing total debt of
$40 billion. We strongly recommend, and
will continue to press throughout the coming year, that the Liberals set a responsible
course toward debt repayment in the next
budget.
Why is this important? Consider that over
$17 billion, or 60 per cent, of total government spending goes toward health and education. While that amount reflects our priorities as a society, we’ve also been living
We need to keep
the government’s
focus on investing in
the infrastructure of
the province and
growing our
economy.
beyond our means. Debt servicing costs of
nearly $1 billion per year are the third
largest government expense among ministries, programs and agencies. This Old
Era legacy requires New Era solutions.
“British Columbians deserve nothing less,”
Mr. Collins told the members of the legislature on budget day, in reference to that
step towards a better future, “especially
considering the year we’ve just come
through.”
One might say, especially considering the
decade we’ve just come through.
But where do we go from here?
In several post-budget interviews, Mr.
Collins admitted that balancing the budget
was a relatively easy exercise of repeatedly
Len Pietrzykowski, FCGA, is the President of the Certified General Accountants Association of
British Columbia. To have the President or another CGA-BC representative speak at an event,
contact Tracey Tse at (604) 730-6212 or [email protected].
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