CPABC Member Engagement Tour 2016

CPABCALL MEMBER MEETINGJUNE 24, 2015

Victoria/Southern Vancouver Island

Prince George/Central Interior Peace

BC REMAINED IN SOLID FISCAL SHAPE IN 2015

THE GOOD…3.1% real annual GDP growth

+27,800 new jobs+44,724 new residents

THE BAD…Marginal export growth

Highest consumer debt per capita in CanadaLowest average compensation rate in Canada

BC continues to be leader in GDP growth, due to...Revived export sector and improved tourism; and

Continued population growth and positive consumer confidence.

OUTLOOK FOR BC’S ECONOMY IS OPTIMISTIC

Establish input tax creditsDevelop BC’s skilled talent pool

Foster head office growthHelp small businesses grow

ENCOURAGE BC BUSINESS PRODUCTIVITY

5 MAJOR DRIVERS OF CHANGE

GlobalizationTrust & RegulationBrand & ReputationDemographicsTechnology

GLOBALIZATION

The move to global standards has increased the growth of global designations and consolidation, as countries jockey for influence at the standard setting table and pursue aggressive growth into international markets.

GLOBALIZATION

Now we can focus on making the Canadian profession even more respected and trusted worldwide. The next 100 years will be ours to make great.

John Nagy, FCPA, FCGACPA Canada Board Member

TRUST & REGULATION

Trust and regulation are essential to the health and stability of the profession and the economy.

BRAND &REPUTATION

DEMOGRAPHICSWe will need >1,000 CPAs each year for the next decade to meet demand.

TECHNOLOGY

There will be an increased push to use technology to streamline tasks and create

efficiencies. As systems and machines become more capable, they will radically

change the nature of work done by professional accountants.

PROFESSIONAL LIABILITY INSURANCE

EDUCATION DELIVERY

CPA EXECUTIVE PROGRAM

NAVIGATING CHANGE

The CPA Act should protect the use of the term “professional accountant.”

CPABC has a statutory mandate to protect the public.

Final Unification Milestone…CPABC Board Elections in 2017

CPABCALL MEMBER MEETINGJUNE 24, 2015