You are considered to be eligible for a reduction in annual fees if you do not anticipate being gainfully employed for the calendar year, such that gross active earnings from all types of employment, business, real estate rentals, professional corporations and directors’ fees from both accounting and non-accounting related sources will not exceed $40,000
Examples of income included in Gross Active Earnings:
- Employment Income
- Business income: Gross income reported on a T2125 - Statement of Business or Professional Activities, including line 5A from partnership income from a T5013 slip;
- Rental income: Gross rental income reported on Rental Income line of the T1.
Examples of income not included in Gross Active Earnings:
- Employment insurance (EI) benefits: Reported on a T4E slip;
- Long term disability benefits: Reported in Box 40 of a T4 slip;
- Eligible and non-eligible retiring allowances: Reported in boxes 66-69 of a T4 slip;
- Pension income: Reported on lines 11500 and 11600 of the T1 and box 16 of a T4RSP slip;
- Investment income: Dividend income (not derived from active practice from a member through a professional corporation), interest and other investment income reported on line 12100 and taxable capital gains reported on line 12700 of the T1.
Reductions are applied solely to CPA Alberta and CPA Canada membership fees. Members are still required to pay all other CPA Alberta fees, including professional corporation, professional accounting firm, and other fees that relate to their circumstances and activities. Members are further required to contact CPA Alberta should their financial circumstances change, such that they exceed $40,000 in gross active earnings during the calendar year. Fee reductions apply in the following circumstances:
| 75% |
Partial |
A member who is not gainfully employed, such that gross active earnings from all types of employment or business does not exceed $40,000. Reduced gross active earnings may be a result of, but not limited to, parental leave, leave to care for a family member, or medical leave. |
| 100% |
Full |
A member who is permanently withdrawn from gainful employment, such that gross active earnings from all types of employment or business are nil. Permanent withdrawal from gainful employment may be a result of, but not limited to, medical leave, or full time retirement with no intention to actively pursue further employment opportunities. |
|
Deferral |
A member who is able to demonstrate short-term inability to pay fees may be eligible to defer payment until September 30. Short inability to pay may be a result of, but not limited to, temporary unemployment or layoff, where the member expects to find employment within a year. |
The Membership Fee Reduction Request Form must be submitted in order to apply for a fee reduction. You can also apply for the reduction online through the Member Portal.
The Membership Fee Deferral Request Form must be submitted in order to apply for a deferral of payment.