23

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

A P R I L 2007

VO

LU

ME

34

•N

UM

BE

R1

3 5 24Budget 2007Keep your e-mail safeParting shot: a new feature

Mixing it up with dividends

Professional image survey:

High marksfor CGAsCGA-BC’s top 10 students

Ana Maria AbellaCindy AitkenKathryn AitkenKaren AkagiMark AllanAnnette AllenLorraine AllenLori AlwoodLinus AnandarajLeona AndersonDebra AndrewSpencer AndrewsLori AngstadtDavid ArndtRakesh AroraKaren AshtonMuhammad AslamBarbara AuKevin AughtryNancy AveryDavid BacicBrion BaileyAmandeep BajwaMary BakerBarry BallamGlen BallamEmerita BallenaTerry BambrickHeather BanhamAndrea BanksRichard BarkwillMelina BarnesDean BarnettJrover BarrettRobert BarronDianne BastedoSkip BatesJillian BatesonJas BatheGlenda BaumanMarisol BautistaDavid BellJerome BellaBruce BenedictPat BennettIrene BergJohn BergmanJohn BerikoffKevin BertlesGerald BettlesAlison BettsHansa BhagwanKeith BiddlecombeMelissa BillesbergerAnne BilodeauGuy Binner Joan BlainAllison BlumenauerTed BobbRandy BogleMelinda BokAlfred Jean-Marie BorgonovoAlbert BotteselleGary G BrackenburyLloyd BragerMurray BraithwaiteAdriana BrandusescuRalph BraunPeter BraySteven BreakingburyJoan BrooksChristine BrophyBrian BrownConnie BrownGordon BrownColin BruintjesMuriel BruintjesJayson BrunoDorothy BucklandRob BullockJim BurchBeth BurgetCameron BurrowsDoug CameronSandra CampbellFrederick CardonaCerese CarlstromRita CaronJindra CaspersonRolando CastellanesZebby ChaganiAlbert ChanAmy ChanDilys ChanEric ChanFrancis ChanGordon Chan

Norris ChanSymphony ChanWanda ChanWarren ChanWinnie ChanNavin ChandraAva ChangStanley ChangBev CharbonneauSusan ChartrandConnie ChauNeal ChaudharyRahul Chawla

Dan CheethamLisa ChenMing Fang ChenHon Nin Louis ChengLeo ChengLi ChengLouis ChengPeter ChengWarren ChernoffAlice CheungPeter CheungSusan ChiangVivian ChiangJose ChillHarry ChingEdwin ChoNorman ChowDawn ChristensonColinet ChunDaniel ChunCathy ClarkDon ClarkChristina ClarkeGordon ClissoldAl CochraneIngrid ColletRod ComrieRosemary CookCarl Cook Devon CooperWilliam CooperMabel CornwallRebecca CosmanCarmen CosteaKevin CoxTerry CraigLinda CranTracey CrossenJim DakinMarcia DakinLaura DallasDon DanbrookKim DaviesCara DawsonNurudin DayaCatherine DeGrootWilliam DelaneyDonna DemersGeoff DevereuxRandy DewoldeAlbert DexterNaguib DhallaTamak DhanjiManjit DhillonHarish DholakiaGurbax DhudwalBrenda DickersonMark DigneyJanet DillonJulia DingJanet DixonRamon DizonAva Dolder

Ruohan DongDavid DouglasGraham DoyleRobert DuncanBeth DunlopBeverly DunnDwayne DunnChris DyckLaurie DyePhil DyerLaurie EarlesNancy EdwardsErin Egeland

Lourdes ElardoMichael EllAnne EllenbergerBrian EllisMaria EncarnacionKen EngMichael EngEllen EngensbergerPaul EnnisKeith EricksonMarlina EscasinasDarlene EspenhainElizabeth EspinosaRita EstockGary ExnerDave FairhallRobert FendrickJulie FengXin FengJim FernandezFlora FerraroAllen FinchTrina FitzpatrickLouise FlahiffConnie ForrestMark ForsterMark ForwardJoanne FosterLouis FourieAngela FraserFran FraserMaurice FreerBrian FriedrichLaura FriedrichKert FuMelanie FugardRyuji FujiiWendy FullaAloysius FungJulianna FungMichael GabasGabriela GaciuLouise GaddMary GalaugherPeter GalaugherBrian GallowayCheryl GardinerJeffrey GarradCandice GartryAnne GeorgeDonna GibsonBaldev GillNancy GillKeith GillisJudy GirardBetty GirottoHerman GodefroyIrene GordonEve GottschlingRichard GowerChris GrahamNorma GrdinaDerek GreerBrent Groen

John GroenewoldDoreen GrossmanJustin GuSerge GuayCristina GutiuAlexander GuyevskeyLarry HainesSusan HainesNicole HamanSharon HamiltonHanif HamirTony HardyBob HarperHarinder HarryDwayne HartChris HarveyJim Harvey

Robert HarveyJoan HeaverCarole HebdenJanet HelmDavid HenriRose HenriShah HirjiAnna HoJames HolmgrenGordon HolyerKaren HorcherMichele HosseiniWilliam HoughtonEric HoyMelinda HsuSandy HubbleVicky HuangNina HucalJim HuffmanKarl HugenschmidtJustin Hui Ray Hui Wayne HumberstoneTeresa HumphriesKimberly HunkaSteve HurcombeBruce HurstKathy HurstKaren HuttonWendy IdemaBrigitte IlkJoe IlseverVictor IngramBill InksterJerry InksterBrent IrvingDiane IsaacEsther IsaakGlen JacksonMatthew JacksonBetty JaernVictor JagpalManzur JamalNorman JangHenry JansenJeff JanzenJata JhaLi JingSonia JohalHeather JohnsAdam JohnsonEileen JohnsonKathryn JohnsonJo-Ann JohnstonKenneth JohnstonGary G JoneDon JonesMoe JonesRick JonesVernon JonesIngrid KantersNaseem KaraHoward KarpesRovin Karunanayake

Nazir KassamNoreen KassamRobert KatzerHarold KellerPat KellerAndrea KellyBrenda KelmAndrea KempAl KerfootKirn KhairaDena KheanMichael Khun KhunDouglas KingKristina KingJanet KirbyJulie KlassenKathleen Klassen

Susan KleinTimothy KlotzChristine KlynstraHelen KnowlesRobert KnoxErica KnutsenJanis Chen-Yi KoLucille KocurekTammy KonopinskiMavis KooEdit KopnyitzkiGary KorstromGail KrukJin KuangVictoria KuhlJonn KunickeyMinaz KurjiShelley Kvamme-MacDonaldKeon Kwan

Raymond KwokBetty LaiCarolyn Laidman-BettsJuliana LaingJugdeep LalliDoug LangRichard LangCasey LangbroekElisa LauGeorge LauKevin LauTina LauCasey LavenSusan LavoieBob LawrieRobert LawrieLeona LebrunDaryl LeeSharon LeeStephen LeeVanessa LeeRonald LegerTeresa LeiBill LeightonSimone LeonardRobert LeongAlexander LeungCarmen LeungDick LeungEdwin LeungJacqueline LeungRickey LeungAgnes Leung BrittNorma LewisJing LiYang LiYing LiKevin LiangLi-Yen LimMichael LimSylvia Lim

Vivien LimDon LinAgnes LingDavid LingLilian Yan LingLiliang LingRandy LingJerry LinningAnnie LiuJoseph LiuMeiying LiuMaria LoT Mark LoblawTrevor LoboJan LockKathy LoganNeville Lok

Wah Cheong LokeRick LongSandra LonglandCyril LopezLawrence LowTammy LuckingJana LukasekWinston LumEdward MaMaggie MaYvonne MaUrsula MacKenzieFlavia MallerAnna MannColleen MarshRoy MarshKarly MarshallMelissa Erin MassamLori MathisonJudy MattersonShirley MaugerBruce MaycockMichael McAdamJanice McAllanLori McArthurLille McCannCharlene McComberLeslie McConnellRoanna McCormackJenny McCraeDenise McCulloughRon McDougallMaureen McGeeShawna McGeeIan McInnesMary McIntyreMichael McKayMary McKennaLoraine McKielPeter McLarenAl McLeanRandy McLeanRon McLeanLesley McNamaraDaniel McNeillDon McNultyJudy McPheeRobert McPhersonJenny McRaeDiane McSherryEddie McWhirterKelly MeadeKevin MeierUrmilla MereighBonnie MerloAndrea MessingBrigitte MettlerMike MettlerLes MichelsonWaldemar MiszkurkaKim Moen

Mark MoesGordon MoffattKellie MonizDenise MonjoFred MoncktonSandra MorfordDianna MorganLeslie MorganJames MorrisonKrista MoyeLindsay MoyleGail MudieMarian MuirZoelita MulderAlex MunroGloria MunroJaneane Murphy

George MurrayKaren MurrayPaul MurrayNarinder NagraCandace NanckeNeha NandaCory NeilKaren NeilKlaus NeumannWilliam NichollsKelly NicholsGordon NicksDavid NielsenDianne NielsenLori Toews FriesenAbbe NielsonMargaret NobleJohn NoonanCarol NuernbergerBarbara NunesAgnes NuttallKaren O’ConnorDoug OliverDavid OlsenGayle OlsonVanessa OltmannJanette OngLisa OttermanVickie Otway

Peter PangJohn PankratzManbir ParharGurminder PariharRoss ParkinGlenn ParksTami ParsonsCaroline PatersonIrene PatersonSandra PatersonJoe PatternLynn PattersonMaria PattisonEmmanuel PaulSusan PaymentBill PearceJanice PearceJames PearcySonja PelechCindy PelletierNorma PelletierMichael PersadCindy PetrowskiLen PietrzykowskiKaren PlayfairEric PoerschLeona PollardRon Pollock

Manoj PopatKevin PorterSue PorterDebra PotterCindy PoulinTom PowellWynne PowellJim PrattHeather PraxlGail PreddyRobert PrendergastTodd ProdanukValerie ProdanukRon ProngerJoanne PulisFredrick PunkoDan Purohit

Shabira RajanShamman Ramsund-harDeborah RasnickSteve RatkaiJackie ReadShawn ReadLorraine RegoGordon ReidDonna ReimerYvonne RenemaEileen ReppenhagenBarb ReutherLaurie RiceSheryl RiceKen RichardsonChristine RichesBruce RichmondEtta RichmondDylan RickardRita RiefDonella RobbValerie RodgerArnold RoozendaalJames RoyTony RozarioJoan RussellChristine RuzyckiMichael RyanTim SaderJas SahotaDavid SaleHanford SamSarb SandhuMarilyn SanfordMonica SatteleKathleen SchenkerBarbara SchmidtCatharine SchuetzeBill SchulzPenny-Rae SchurDebbie ScottJim ScottIan SealLarry SebelleyPenny SeeleyLynda SeigneuretJ Wade SellarsBill Seney

Merwyn SequeiraRaveen SeranAtul ShahBrian ShanePatrick ShannonNasir ShariffClaire ShawcrossHoward Shears

John ShellingYing-Bo ShenGreig SheppardEaton ShiJoan ShortWendy ShumSherry SiddooGurdeep SidhuKaren SimDan SimunicJonathan SinghEdward SitLisa SkippenJohn SkourtisJim SlinnCharlene SmartDarlene Smid

Andreas SmithBarb SmithJennifer SmithJoyce SmithWilliam SmythShehzad SomjiManchan Sonach-ansinghXiaodong SongArthur SooMarc SoprovichStephen SpectorCarell StanfieldCarol SteinkeChristian StewartGavin StillPamela Stroud Gavin SuiChristine SullivanRebecca SunSunny SunJim SwanEdith SchwarzNancy SzaboCatherine TaiDavid TaiMorgan TamJonathan TanKhin TanMiranda TanEva TangZhihong TangCheng-YanTayBill TaylerLiz TaylorSue TaylorDavid TearoePeter TelferMaria TeresaRon Terlesky

Debra TimmJim TimmermanRobin TimmsBruce TisdaleSarah TobunRoanna Tolman McCormackBarb TompkinsEdward TongMelody TorgunrudPamela Toth

George TranElla TsangChristina TsaoAmanda TsengAbininder TurCheryl TurcotteRoberto TurrinJudith UrbanKen UrquhartPat Van der FlaesHubert Van der LeeKarl VandegoedeRichard Vander MeyRishma VeddRoger VeddMarian VerdicchioJoy VertucioJean VirginilloNetty VogelBrenda WaechterVictor WaeseMoya WagnerAngela WalesMichael WaliaDeanna WalkerPaul WalkerLynda WallaceFareen WallaniJoan WallworkDennis WanJanet WangSheng WangJohn WardGerald WatsonRebecca WeEvelyn WedleyVicki WeeMonica WeeksXing WeiHeather WeirFaith WellsHeidi WernerLaurence WestgeestShirley WhalenMonica WheatleyCindy WhiteVickie WhiteheadKenneth WiebeMelanie WiebeDebbie WiensSandra WikeSonia WilsonMaja WinterScott WisdahlPeter WolgramEvelyn WolstenholmeAngela WongDavid WongEilleen WongFrances WongHelen WongJack WongJames WongJulie WongNancy WongRonald WooVicki WooDavid WoodmanMargaret WoodsSusan WoodwardJim WooleyKeltie WorrallShirley WoskGordon WouldKemis WrayKen WrightPaul WuBarbara WyntjesChung Fai YauRobert Chung YauTina YeeDayna YorkJane YueEdward ZhangPangeng ZhangPing ZhangSharyl ZhangJian Ming ZhaoLuping ZhaoSylvia ZhaoFiona ZhouJim ZhouXiaomei ZhouHeidi ZhuYanhong ZhuGloria Zhu Michael Zwicker

W

We salute the people who volunteered on behalf of CGA-BC in 2006.

Two Ads.indd 2 3/26/2007 10:31:43 AM

9

3

5

6

24

TaxMatters by Ed Kroft, CGA (Hon.)Part III of the tax planning and salary-dividendmix.

TechView by John Yu, FCGADon’t expose yourself on e-mail, the “e”-quiva-lent of a postcard.

Periscope by Tim Bezeredi, FMCThe features and benefits of second lien lending,part II.

Parting ShotGordon Clissold, FCGA: From Good to Greatto CGA-BC President

Current AssetsA new feature with tools, resourcesand news for CGAs.

Working PapersMembership renewal, CPD reporting,and thanks.

Practice ReviewThe need for speed, date stampingand cleaning up dirty money.

SnapshotsRecruiting Partners in Employment, UBC BCom students, and more milestones.

Top 10 Students

New Staff Provide AcademicAnswers and Career Counselling

v i e w s s p o t l i g h t 12

23

c o v e r s t o r y

Approval High for CGAs in B.C.CGAs rank consistently high in public opinion.

12

20

21

22

16

Read and Win! Read the Vision 2008 report includedin this Outlook mailing.

vision2008

vision2008

working to define itself as the pre-eminent accounting

body in British Columbia and beyond.They are at the vision

vision2008

Recr

uitm

ent,

Empl

oym

ent,

and

Empo

wer

men

t: Th

ese

thre

ew

ords

are

the

new

man

tra

at th

e A

ssoc

iati

on;

they

mar

k th

e ar

eas

in w

hich

the

Ass

ocia

tion

will

be

wor

king

to d

efine

itse

lf as

the

pre-

emin

ent a

ccou

ntin

g

body

in B

riti

shC

olum

bia

and

beyo

nd.T

hey

are

at th

e

crux

of a

ll w

e do

to s

erve

toda

y’s—

and

our f

utur

e—vi

sio

n20

08m

embe

rsto

a c

aree

r fille

d w

ith

oppo

rtun

ity.

s e s s i o n s s t u d e n t n e w s l e t t e r

11

16

Ana Maria AbellaCindy AitkenKathryn AitkenKaren AkagiMark AllanAnnette AllenLorraine AllenLori AlwoodLinus AnandarajLeona AndersonDebra AndrewSpencer AndrewsLori AngstadtDavid ArndtRakesh AroraKaren AshtonMuhammad AslamBarbara AuKevin AughtryNancy AveryDavid BacicBrion BaileyAmandeep BajwaMary BakerBarry BallamGlen BallamEmerita BallenaTerry BambrickHeather BanhamAndrea BanksRichard BarkwillMelina BarnesDean BarnettJrover BarrettRobert BarronDianne BastedoSkip BatesJillian BatesonJas BatheGlenda BaumanMarisol BautistaDavid BellJerome BellaBruce BenedictPat BennettIrene BergJohn BergmanJohn BerikoffKevin BertlesGerald BettlesAlison BettsHansa BhagwanKeith BiddlecombeMelissa BillesbergerAnne BilodeauGuy Binner Joan BlainAllison BlumenauerTed BobbRandy BogleMelinda BokAlfred Jean-Marie BorgonovoAlbert BotteselleGary G BrackenburyLloyd BragerMurray BraithwaiteAdriana BrandusescuRalph BraunPeter BraySteven BreakingburyJoan BrooksChristine BrophyBrian BrownConnie BrownGordon BrownColin BruintjesMuriel BruintjesJayson BrunoDorothy BucklandRob BullockJim BurchBeth BurgetCameron BurrowsDoug CameronSandra CampbellFrederick CardonaCerese CarlstromRita CaronJindra CaspersonRolando CastellanesZebby ChaganiAlbert ChanAmy ChanDilys ChanEric ChanFrancis ChanGordon Chan

Norris ChanSymphony ChanWanda ChanWarren ChanWinnie ChanNavin ChandraAva ChangStanley ChangBev CharbonneauSusan ChartrandConnie ChauNeal ChaudharyRahul Chawla

Dan CheethamLisa ChenMing Fang ChenHon Nin Louis ChengLeo ChengLi ChengLouis ChengPeter ChengWarren ChernoffAlice CheungPeter CheungSusan ChiangVivian ChiangJose ChillHarry ChingEdwin ChoNorman ChowDawn ChristensonColinet ChunDaniel ChunCathy ClarkDon ClarkChristina ClarkeGordon ClissoldAl CochraneIngrid ColletRod ComrieRosemary CookCarl Cook Devon CooperWilliam CooperMabel CornwallRebecca CosmanCarmen CosteaKevin CoxTerry CraigLinda CranTracey CrossenJim DakinMarcia DakinLaura DallasDon DanbrookKim DaviesCara DawsonNurudin DayaCatherine DeGrootWilliam DelaneyDonna DemersGeoff DevereuxRandy DewoldeAlbert DexterNaguib DhallaTamak DhanjiManjit DhillonHarish DholakiaGurbax DhudwalBrenda DickersonMark DigneyJanet DillonJulia DingJanet DixonRamon DizonAva Dolder

Ruohan DongDavid DouglasGraham DoyleRobert DuncanBeth DunlopBeverly DunnDwayne DunnChris DyckLaurie DyePhil DyerLaurie EarlesNancy EdwardsErin Egeland

Lourdes ElardoMichael EllAnne EllenbergerBrian EllisMaria EncarnacionKen EngMichael EngEllen EngensbergerPaul EnnisKeith EricksonMarlina EscasinasDarlene EspenhainElizabeth EspinosaRita EstockGary ExnerDave FairhallRobert FendrickJulie FengXin FengJim FernandezFlora FerraroAllen FinchTrina FitzpatrickLouise FlahiffConnie ForrestMark ForsterMark ForwardJoanne FosterLouis FourieAngela FraserFran FraserMaurice FreerBrian FriedrichLaura FriedrichKert FuMelanie FugardRyuji FujiiWendy FullaAloysius FungJulianna FungMichael GabasGabriela GaciuLouise GaddMary GalaugherPeter GalaugherBrian GallowayCheryl GardinerJeffrey GarradCandice GartryAnne GeorgeDonna GibsonBaldev GillNancy GillKeith GillisJudy GirardBetty GirottoHerman GodefroyIrene GordonEve GottschlingRichard GowerChris GrahamNorma GrdinaDerek GreerBrent Groen

John GroenewoldDoreen GrossmanJustin GuSerge GuayCristina GutiuAlexander GuyevskeyLarry HainesSusan HainesNicole HamanSharon HamiltonHanif HamirTony HardyBob HarperHarinder HarryDwayne HartChris HarveyJim Harvey

Robert HarveyJoan HeaverCarole HebdenJanet HelmDavid HenriRose HenriShah HirjiAnna HoJames HolmgrenGordon HolyerKaren HorcherMichele HosseiniWilliam HoughtonEric HoyMelinda HsuSandy HubbleVicky HuangNina HucalJim HuffmanKarl HugenschmidtJustin Hui Ray Hui Wayne HumberstoneTeresa HumphriesKimberly HunkaSteve HurcombeBruce HurstKathy HurstKaren HuttonWendy IdemaBrigitte IlkJoe IlseverVictor IngramBill InksterJerry InksterBrent IrvingDiane IsaacEsther IsaakGlen JacksonMatthew JacksonBetty JaernVictor JagpalManzur JamalNorman JangHenry JansenJeff JanzenJata JhaLi JingSonia JohalHeather JohnsAdam JohnsonEileen JohnsonKathryn JohnsonJo-Ann JohnstonKenneth JohnstonGary G JoneDon JonesMoe JonesRick JonesVernon JonesIngrid KantersNaseem KaraHoward KarpesRovin Karunanayake

Nazir KassamNoreen KassamRobert KatzerHarold KellerPat KellerAndrea KellyBrenda KelmAndrea KempAl KerfootKirn KhairaDena KheanMichael Khun KhunDouglas KingKristina KingJanet KirbyJulie KlassenKathleen Klassen

Susan KleinTimothy KlotzChristine KlynstraHelen KnowlesRobert KnoxErica KnutsenJanis Chen-Yi KoLucille KocurekTammy KonopinskiMavis KooEdit KopnyitzkiGary KorstromGail KrukJin KuangVictoria KuhlJonn KunickeyMinaz KurjiShelley Kvamme-MacDonaldKeon Kwan

Raymond KwokBetty LaiCarolyn Laidman-BettsJuliana LaingJugdeep LalliDoug LangRichard LangCasey LangbroekElisa LauGeorge LauKevin LauTina LauCasey LavenSusan LavoieBob LawrieRobert LawrieLeona LebrunDaryl LeeSharon LeeStephen LeeVanessa LeeRonald LegerTeresa LeiBill LeightonSimone LeonardRobert LeongAlexander LeungCarmen LeungDick LeungEdwin LeungJacqueline LeungRickey LeungAgnes Leung BrittNorma LewisJing LiYang LiYing LiKevin LiangLi-Yen LimMichael LimSylvia Lim

Vivien LimDon LinAgnes LingDavid LingLilian Yan LingLiliang LingRandy LingJerry LinningAnnie LiuJoseph LiuMeiying LiuMaria LoT Mark LoblawTrevor LoboJan LockKathy LoganNeville Lok

Wah Cheong LokeRick LongSandra LonglandCyril LopezLawrence LowTammy LuckingJana LukasekWinston LumEdward MaMaggie MaYvonne MaUrsula MacKenzieFlavia MallerAnna MannColleen MarshRoy MarshKarly MarshallMelissa Erin MassamLori MathisonJudy MattersonShirley MaugerBruce MaycockMichael McAdamJanice McAllanLori McArthurLille McCannCharlene McComberLeslie McConnellRoanna McCormackJenny McCraeDenise McCulloughRon McDougallMaureen McGeeShawna McGeeIan McInnesMary McIntyreMichael McKayMary McKennaLoraine McKielPeter McLarenAl McLeanRandy McLeanRon McLeanLesley McNamaraDaniel McNeillDon McNultyJudy McPheeRobert McPhersonJenny McRaeDiane McSherryEddie McWhirterKelly MeadeKevin MeierUrmilla MereighBonnie MerloAndrea MessingBrigitte MettlerMike MettlerLes MichelsonWaldemar MiszkurkaKim Moen

Mark MoesGordon MoffattKellie MonizDenise MonjoFred MoncktonSandra MorfordDianna MorganLeslie MorganJames MorrisonKrista MoyeLindsay MoyleGail MudieMarian MuirZoelita MulderAlex MunroGloria MunroJaneane Murphy

George MurrayKaren MurrayPaul MurrayNarinder NagraCandace NanckeNeha NandaCory NeilKaren NeilKlaus NeumannWilliam NichollsKelly NicholsGordon NicksDavid NielsenDianne NielsenLori Toews FriesenAbbe NielsonMargaret NobleJohn NoonanCarol NuernbergerBarbara NunesAgnes NuttallKaren O’ConnorDoug OliverDavid OlsenGayle OlsonVanessa OltmannJanette OngLisa OttermanVickie Otway

Peter PangJohn PankratzManbir ParharGurminder PariharRoss ParkinGlenn ParksTami ParsonsCaroline PatersonIrene PatersonSandra PatersonJoe PatternLynn PattersonMaria PattisonEmmanuel PaulSusan PaymentBill PearceJanice PearceJames PearcySonja PelechCindy PelletierNorma PelletierMichael PersadCindy PetrowskiLen PietrzykowskiKaren PlayfairEric PoerschLeona PollardRon Pollock

Manoj PopatKevin PorterSue PorterDebra PotterCindy PoulinTom PowellWynne PowellJim PrattHeather PraxlGail PreddyRobert PrendergastTodd ProdanukValerie ProdanukRon ProngerJoanne PulisFredrick PunkoDan Purohit

Shabira RajanShamman Ramsund-harDeborah RasnickSteve RatkaiJackie ReadShawn ReadLorraine RegoGordon ReidDonna ReimerYvonne RenemaEileen ReppenhagenBarb ReutherLaurie RiceSheryl RiceKen RichardsonChristine RichesBruce RichmondEtta RichmondDylan RickardRita RiefDonella RobbValerie RodgerArnold RoozendaalJames RoyTony RozarioJoan RussellChristine RuzyckiMichael RyanTim SaderJas SahotaDavid SaleHanford SamSarb SandhuMarilyn SanfordMonica SatteleKathleen SchenkerBarbara SchmidtCatharine SchuetzeBill SchulzPenny-Rae SchurDebbie ScottJim ScottIan SealLarry SebelleyPenny SeeleyLynda SeigneuretJ Wade SellarsBill Seney

Merwyn SequeiraRaveen SeranAtul ShahBrian ShanePatrick ShannonNasir ShariffClaire ShawcrossHoward Shears

John ShellingYing-Bo ShenGreig SheppardEaton ShiJoan ShortWendy ShumSherry SiddooGurdeep SidhuKaren SimDan SimunicJonathan SinghEdward SitLisa SkippenJohn SkourtisJim SlinnCharlene SmartDarlene Smid

Andreas SmithBarb SmithJennifer SmithJoyce SmithWilliam SmythShehzad SomjiManchan Sonach-ansinghXiaodong SongArthur SooMarc SoprovichStephen SpectorCarell StanfieldCarol SteinkeChristian StewartGavin StillPamela Stroud Gavin SuiChristine SullivanRebecca SunSunny SunJim SwanEdith SchwarzNancy SzaboCatherine TaiDavid TaiMorgan TamJonathan TanKhin TanMiranda TanEva TangZhihong TangCheng-YanTayBill TaylerLiz TaylorSue TaylorDavid TearoePeter TelferMaria TeresaRon Terlesky

Debra TimmJim TimmermanRobin TimmsBruce TisdaleSarah TobunRoanna Tolman McCormackBarb TompkinsEdward TongMelody TorgunrudPamela Toth

George TranElla TsangChristina TsaoAmanda TsengAbininder TurCheryl TurcotteRoberto TurrinJudith UrbanKen UrquhartPat Van der FlaesHubert Van der LeeKarl VandegoedeRichard Vander MeyRishma VeddRoger VeddMarian VerdicchioJoy VertucioJean VirginilloNetty VogelBrenda WaechterVictor WaeseMoya WagnerAngela WalesMichael WaliaDeanna WalkerPaul WalkerLynda WallaceFareen WallaniJoan WallworkDennis WanJanet WangSheng WangJohn WardGerald WatsonRebecca WeEvelyn WedleyVicki WeeMonica WeeksXing WeiHeather WeirFaith WellsHeidi WernerLaurence WestgeestShirley WhalenMonica WheatleyCindy WhiteVickie WhiteheadKenneth WiebeMelanie WiebeDebbie WiensSandra WikeSonia WilsonMaja WinterScott WisdahlPeter WolgramEvelyn WolstenholmeAngela WongDavid WongEilleen WongFrances WongHelen WongJack WongJames WongJulie WongNancy WongRonald WooVicki WooDavid WoodmanMargaret WoodsSusan WoodwardJim WooleyKeltie WorrallShirley WoskGordon WouldKemis WrayKen WrightPaul WuBarbara WyntjesChung Fai YauRobert Chung YauTina YeeDayna YorkJane YueEdward ZhangPangeng ZhangPing ZhangSharyl ZhangJian Ming ZhaoLuping ZhaoSylvia ZhaoFiona ZhouJim ZhouXiaomei ZhouHeidi ZhuYanhong ZhuGloria Zhu Michael Zwicker

W

We salute the people who volunteered on behalf of CGA-BC in 2006.

Two Ads.indd 2 3/26/2007 10:31:43 AM

contentsoutlookA p r i l 2 0 0 7 V o l . 3 4 N o . 1

ou

tl

oo

k

ed

ito

r’s

me

ss

ag

e

AdvertisingFor advertising rates contact Pardeep Sidhu at (604) 730-6228 or visit our Website at www.cga-online.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 13,000 CGA members and CGA students. Opinions expressed are not necessarily endorsed by CGA-BC. Copyright CGA-BC 2007.

Articles, enquiries and lettersArticles, 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.

CGA OnlineMembers and students, you can find all of your most important CGA-BC services online at www.cga-online.org.

Cover PhotoGetty Images

outlookExecutiveCommittee

PresidentGordon Clissold, FCGA

Past-President/TreasurerMaurice (Moe) Jones, FCGA

First Vice-PresidentPat Keller, BBA (App), CGA

Second Vice-PresidentStephen Spector, MA, FCGA

SecretaryR. W. (Bill) Caulfield,BA, FCIS, CGA (Hon.)

ExecutiveStaffExecutive Director

R. W. (Bill) Caulfield,BA, FCIS, CGA (Hon.)

Director of AdministrationDan 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 AffairsJuliana Laing, BA

Director of Member ServicesDonna Bennett, BCom (Hons), CGA

Director of Public Practice Services & Public Practice Advisor

Tina Peters, BA, CGA

OutlookStaffManaging Editor

Edward Downing (604) 730-6208

Communication OfficersSheila Keenan (604) 730-6238David Ferman(604) 730-6206

Production Co-ordinatorTrevor Hargreaves(604) 730-6226

Graphic DesignCore Associates Communication Design Inc.

ContributorsRandall CraigTrevor HargreavesBrigitte Ilk, CGAEd Kroft, LLB, LLM, CGA (Hon.)Simone Leonard, CGAColin MileySusan ThrelfallJohn Yu, MSc, CDP, FCGA

A Connection to Your Association

By Edward Downing

editor’s message

2

For many CGAs the provincial and national certificates they display on their office wall are aconstant reminder of the prestige and respect that CGAs are accorded by the financial and busi-ness community and the tremendous value of their profession whether they are just embark-ing on their career or have attained the much coveted corner office. And the certificates alsoserve as a reminder of the trust the public places in the CGA profession.Through the pages of Outlook and our student publication Sessions, along with CGA Update,our e-newsletter, we hope to provide a glimpse of some of the ongoing issues that the professionis facing. We want you to stay in touch with the Association and review the many activities ofyour professional Association as we work to build and enrich the CGA brand and designation.CGA-BC has initiated an impressive number of programs and services over the past two yearsto promote the CGA designation under the umbrella of our Vision 2008 initiative. We willalso be unveiling a new Website this summer. In this issue we are pleased to introduce some changes to keep you in the know. Our new“Parting Shot” page replaces our Final Word column and provides some insight into CGA-BC’s activities and personalities. You’ll also read about the results of another survey that putsCGA as one of the most respected professions by the B.C. public and the continued growthof PEP—our partners in employment program.It’s all part of our efforts to keep you up-to-date with activities at CGA-BC and the impor-tant role your Association plays in ensuring that CGA stays number one.

Edward Downing is CGA-BC’s Director of Communicationsedowning@cga-bc.org

ou

tl

oo

k

vie

ws

3

I n the last issue, I discussed the Octo-ber 16, 2006, proposed legislationand how the new “eligible dividend”

proposals were intended to work. Sincethat time the legislation for eligible divi-dends has been tabled and received RoyalAssent on February 21, 2007.The legislation has both immediate and

future ramifications for taxpayers.This article will deal with some of the plan-ning implications flowing from the imple-mentation of the legislation, as well assome of the administrative and complianceissues.

Communication of Eligible Dividend StatusIn the last issue I mentioned that subsec-tion 89 (14) of the Income Tax Act (“theAct”) states that the “eligible dividend”must be designated as such by the payor.The payor must notify the recipient inwriting at the time of the payment of the“eligible dividend.” In response to manyquestions from taxpayers and their repre-sentatives regarding the designation of eli-gible dividends, the Canada RevenueAgency (CRA) issued a press release in lateDecember which is found on its Websiteunder the heading “Designation of Eligible

Dividends.”This document outlines what the appro-priate notification will be for the 2006 and2007 taxation years, both for public corpo-rations and all other corporations. For2006, the CRA indicated it would acceptdesignations based on the identification ofeligible dividends on the T3 and T5 slips.

Other acceptable methods areposting a notice on the corpo-ration’s Website and in corpo-rate reports or shareholderpublications. Nevertheless, for 2007 andsubsequent taxation years, forall corporations, other publiccorporations, the notificationrequirements of subsection 89(14) of the Act must be meteach time a dividend is paid.Examples of notification could

include identifying eligible dividendsthrough letters to shareholders and divi-dend cheque stubs, or, where all sharehold-ers are directors of a corporation, a nota-tion in the minutes of a corporation. As a result of the passage of the legislation,dividends paid on or after February 21,2007, must be designated as such at thetime of payment. However dividends paidbefore February 21, 2007 can be designat-ed as such up to May 22, 2007, (90 daysafter Royal Assent). There will not be any“fairness relief,” if taxpayers do not makethe appropriate designation of eligible div-idends.

Excess DesignationsIf a corporation makes an excessive designa-

tion, it will face a penalty tax under PartIII.1 (section 185.1) of the Act. The cor-poration will be permitted to eliminate thePart III.1 tax liability if each shareholder ofthe corporation joins with the corporationin an election to convert otherwise “eligibledividends” into taxable dividends. Thesetaxable dividends would be eligible for theordinary gross up and dividend tax creditrather than the enhanced gross up and div-idend tax credit associated with the pay-ment of eligible dividends.

Some Tax Planning IssuesPreferences for Individual Shareholders?Eligible dividends will attract a lower taxliability because of the associated enhanceddividend tax credit. Therefore, it will bepreferable for individual taxpayers residentin Canada to receive eligible dividends asdistinct from ordinary taxable dividends,which are subject to the normal dividendtax credit. The pool from which eligibledividends can be appropriately paid is the"general rate income pool" (GRIP), which,generally speaking, contains after tax highrate active business earnings of the corpo-ration and other corporations which havepaid a dividend to the corporation. Bonusing Down It has been customary for taxpayers tobonus down the earnings of the corpora-tion to a taxable income number whichdoes not exceed the threshold at which thesmall business deduction can be accessedby the corporation. However, will corporations continue tobonus down to the “small business” thresh-old of $400,000 in 2007 if shareholderscan only access eligible dividends fromGRIP? Bonusing to $400,000 might oth-erwise eliminate the GRIP.It is suggested that corporations must care-fully review whether to continue to bonusdown to the small business threshold orleave taxable income inside the corporation

Tax Planning and the SalaryDividend Mix – Part III

By Ed Kroft, LLB, LLM, CGA (Hon.)

Our series on eligible dividends wraps up.

Ta x M a t t e r s

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 limited to taxation.

Continued on page 4

The legislation for eligible dividends wastabled and receivedRoyal Assent on February 21, 2007.

ou

tl

oo

k

vie

ws

4

to be taxed at higher corporate tax rateswith the prospect of more favourable taxefficient distributions to shareholders insubsequent years. Although the corpora-tion may be subject to higher corporaterates of tax in the near term, the prospectof the tax deferral available to individualshareholders who would receive the pay-ment of eligible dividends in a subsequentyear at a lower tax rate will, after the lapseof a number of years, offset the immediatecost of the corporation paying the highercorporate taxes. In 2006, there is also the added issue inBritish Columbia of whether to bonusdown to $300,000 or $400,000. It wouldappear that in 2006 it may have been moreadvantageous to bonus down to $400,000rather than $300,000. This may have resulted from the applica-bility of the B.C. dividend tax credit of 12per cent to eligible dividends which repre-sent after tax income which was taxedinside the corporation at the 4.5 per cent

(rather than the 12 per cent) B.C. corpo-rate tax rate. In all circumstances it will be necessary fora corporation to “run the numbers” todetermine whether to bonus down andwhether the immediate tax cost of payingthe higher rate of corporate tax is offset bythe benefits of tax deferral. One may also wish to bonus down so as tomaximize the “earned income” and theRRSP contribution limits of any bonusrecipient in any of these circumstances.The need to bonus down may proveimportant for other reasons such as thepreservation of the corporation’s entitle-ment to tax preferences such as refundableinvestment tax credits flowing from scien-tific research and experimental develop-ment expenditures. In addition, the statusof the corporation’s shares as “qualifiedsmall business shares” could depend on thecontinued qualification of the corporationas a “small business corporation,” which inturn could be affected by the failure or

need to bonus down income that was notactive business income.Payment of Eligible Dividends to Different Persons Different shareholders may benefit fromthe classification of dividends as “eligibledividends”. For example, individuals resi-dent in Canada can claim the dividend taxcredit whereas non-residents of Canadamay not. Therefore corporations maychoose to establish multiple classes ofshares upon which to pay different types ofdividends. This practice of paying differ-ent amounts or types of dividends on dif-ferent classes is now employed to split tax-able dividends or to shift capital dividendsfrom the capital dividend account.Income splitting will continue with thepayment of eligible dividends as a valuabletool. Shareholders who receive eligibledividends will be able to receive a muchhigher amount of eligible dividends tax

Tax Matters, continued from page 3

Continued on page 8

Te c h V i ew

E -mail has become one of the pri-mary means of communicationin modern society. Some 60 bil-

lion e-mail messages are sent daily. Anestimated 40 per cent of these are spammessages. Most businesses would not beable to function if their e-mail system didnot work. E-mail messages work much like post-cards—easy to send and easy for anyoneto read. Their contents are not secure.Each time an e-mail message passesthrough a server on its way to its destina-tion on the Internet, the administrator of

the server could easily read the content ofthe message. Worse still, any administra-tor could save a copy of the e-mail mes-sage as it passes through for future analy-sis. It is also possible for hackers to inter-cept e-mail messages. So, the generaladvice is never to send personal or confi-dential information by e-mail, much thesame way that you would not send suchinformation on an open-face postcard. Yet, users continue to send informationsuch as credit card, SIN, and bankaccount numbers by e-mail, totally oblivi-ous to the risks. Many accountants com-

municate with clients by e-mail, andexchange information such as tax returnsand financial information by e-mailattachment, exposing themselves and theirclients to hackers. Increasingly, criminalsmine e-mail messages for such valuableinformation. Forgery is another big risk with e-mail.Phishing and spear-phishing are twoexamples of how fraudsters can forge e-mail headers, pretending that the messagesare from eBay, your bank, your credit cardcompany, or your HR department. Somespammers routinely send out spam mes-

sages in your name, using youre-mail address in the senderfield.Yet, securing e-mail messageshas been possible for manyyears. Secure e-mail protectsagainst unauthorized readingof the message and against for-gery. The technology is well-known and proven, andinvolves encrypting e-mailmessages and digitally signinge-mail messages using publickey cryptography. Indeed, ithas been possible to encryptyour e-mail messages for freefor years. Microsoft Outlookhas offered a means to encrypt

your e-mail messages for years.So, why don’t we encrypt our e-mail mes-sages? Because it's inconvenient. Untilrecently, you needed to have a certain levelof technical skills to encrypt or digitallysign your e-mail messages. That is allchanging. There are now quite a fewsecure, easy to use e-mail services that areeither free or have a low monthly service

fee. All secure e-mail services work thesame way, and that is to use public keycryptography to encrypt and decrypt messages.

Secure mail servicesHushmail (www.hushmail.com) offers anumber of secure e-mail services, one ofwhich is free. Vancouver-based e-Courierservice (www.e-Courier.ca) offers secure e-mail specifically designed for professionals such as accountants andlawyers while Toronto-based Echoworx(www.echoworx.com) offers secure e-mailservice to a full spectrum of users (con-sumers, small- to medium-sized businesses,and large enterprises). Indeed, a Googlesearch of the key words “secure e-mail serv-ice” returns hundreds of thousands of hits. Yahoo Small Business Directory shows alisting of 21 secure e-mail service vendorsthat have registered with Yahoo. All thesesecure e-mail services are designed to beeasy to use, and are reasonably priced. Forexample, Rogers Secure Mail is a brandedversion of Echoworx’s secure e-mail serviceat $8.95 per month. For e-Courier, eachCGA firm pays $6.25 per staff person, permonth. This entitles them to unlimitedbandwidth and their clients can use theservice for free and also have unlimitedsend and receive bandwidth.

How does it work?Secure e-mail uses public key cryptogra-phy, the safest way to ensure security. Inpublic key encryption, a two-key set isused for encryption and decryption — apublic key (disclosed to the public by pub-lishing it in a Public Key Infrastructure orPKI) and a private key (kept secret by theowner). A message that is encrypted usinga private key can only be decrypted usingthe corresponding public key, thus ensur-ing the integrity of the message as well as

Sign Here

By John W. Yu, MSc, CDP, FCGA

Secure e-mail services are essential for protection.

John W. Yu, MSc, CDP, FCGA, is an avid watcher and consumer of technology and has beenworking in the IT industry since 1970. He is Vice-President of Information Technology atCGA-Canada. He also serves on several boards, including CGA Shared Services Facility Corp.,CGA Online Services Corporation, and Chief Information Officers Association of Canada.

ou

tl

oo

k

vie

ws

5

Continued on page 8

The general advice isnever to send personalor confidential information by e-mail,much the same waythat you would notsend such informationon a postcard.

ou

tl

oo

k

vie

ws

6

Pe r i s c o p e

A n awareness of issues that arise inthe preparation of intercreditoragreements will aid lenders and

borrowers when collaborating with seniorand subordinate lenders.Intercreditor Agreements Senior lenders will try to relegate secondlien securities to a “silent second” positionthrough payment blocks and standstillagreements.Senior lenders typically want to retain con-trol over common collateral by requiringthe junior secured lender to enter into anintercreditor agreement that relegates thejunior to a “silent second” lien. Seniorlenders will also want to ensure maximumflexibility to administer and dispose of col-lateral with minimal interference from thejunior lender.A standard set of terms for intercreditoragreements between senior and juniorlenders has yet to emerge. The following isa summary of material terms and issueswhich arise in the preparation and negoti-ation of intercreditor agreements betweensenior and subordinate lenders.Priority provisionsThe primary feature of the intercreditoragreement is the subordination of the jun-ior lender security to the senior lendersecurity. The junior lender can sometimessuccessfully negotiate a priority for itselfover specific assets of the borrower (e.g.,intellectual property and goodwill).Payment blocksThe second lien lender will usually acceptsome level of debt subordination, agreeingthat its right to receive payment on its debtmay be suspended upon the occurrence ofcertain events or conditions.Standstill provisionsUnlike an unsecured mezzanine loan inwhich mezzanine lender remedies are gen-erally limited to commencing actionagainst the borrower for recovery of thedebt or initiating bankruptcy proceedings,

the second lien lender has the additionalright to enforce its security in the collateral.The second lien lender must usually grantthe senior lender a covenant not to enforcethe second lien security for a specific periodof time (i.e., a standstill period).Release of junior liens in asset salesFor asset sales in the ordinary course of theborrower’s business (as opposed to the saleof substantially all of the assets), the secondlien lender usually consents in advance tothe release of its liens.Bankruptcy waiversThe second lien lender is sometimesrequired to grant consentsand waivers in the event theborrower files for protectionfrom its creditors under theBankruptcy and InsolvencyAct or the CompaniesCreditors’ ArrangementAct. These waivers generallyinclude the right to oppose adequate protec-tion, and advance consents to the use of cashcollateral, sales of collateral and debtor inpossession (“DIP”) financings.A trend has emerged for the second lienlender to give up or limit its right to voteon a proposed plan of reorganization. Theenforceability of intercreditor agreementsrestricting bankruptcy voting rights of ajunior lender remains in question.Equity participationIn private company financings, securedsubordinate lenders will often acquire anequity interest in the borrower that,together with the lender’s exit strategy, willachieve the desired rate of return.Anti-dilution protectionsAn important consideration to subordinatelenders with equity participation is the per-

centage of the company that the lenderwill own on a fully diluted basis (i.e., thetotal number of issued common sharesplus all other common shares, whichwould be issued upon exercise and conver-sion of all outstanding options, warrants,convertible preferred shares and convert-ible debt). The subordinate lender willprotect its ownership percentage throughthe use of pre-emptive rights, anti-dilutionprotection and price protection.GovernanceThe subordinate lender with an equityinterest may expect representation on thecompany’s board of directors. Board repre-sentation allows the lender to review all-important managerial decisions and toparticipate in all decision-making thatoccurs at the board level. To mitigate therisks of lender liability and the directors’duty of care, lenders may stipulate for

observer status rather than full board rep-resentation.Veto rightsAs minority shareholders, subordinatelenders will generally expect to have a rightof approval in relation to a variety of mat-ters that are important to the capitaliza-tion, growth, financing and managementof the company. The lender’s approval isusually given either by the favourable voteof the lender’s representative on the boardof directors or through the approval of thelender in its capacity as shareholder.Pre-emptive rightsSubordinate lenders typically insist on hav-ing pre-emptive rights to protect them-selves against dilution from future share

Intercreditor agreements

By Tim Bezeredi, FMC Vancouver

Part II of II in a look at second lien lending.

Tim Bezeredi is a Partner at Fraser Milner Casgrain LLP Vancouver. He can be reached at(604) 443-7124. FMC has distinguished itself as one of Canada’s leading business law firms.With six full-service offices across Canada, and an office in New York, FMC offers the depth ofexperience and trusted advice to help clients succeed.

Continued on page 7

A trend has emerged forthe second lien lender togive up its right to vote.

ou

tl

oo

k

7

vie

ws

issuances. The company generally prefersto grant the lender pre emptive rightsrather a complete prohibition against shareissuances without the lender’s consent. Preemptive rights give the lender the right topurchase, out of shares to be issued by thecompany from treasury, its pro rata share ofsuch securities.Right of first refusalThe investor agreement will typicallyinclude a right of first refusal allowingshareholders to purchase their pro rata por-tion of shares that are offered by any sellingshareholder to a third party, at the priceand on the terms that have been offered bythe third party.Tag-along rightsWhere a shareholder has successfully nego-tiated the sale of its shares to a third party,tag along rights require that other share-holders be permitted to sell their shares to

the purchaser (i.e., to “tag along” with themajority shareholders) on the same termsand conditions.Drag-along rightsDrag along rights, which are common inshareholders agreements, permit majorityshareholders to negotiate the sale of thecompany to a third party and then compel(or “drag along”) the minority shareholdersto sell their shares to the third party on thesame terms and conditions that have beenagreed to by the majority shareholders.Put rightsThe subordinate lender may insist on “put”or redemption rights to achieve liquidity ifit is not available through a sale or publicoffering. It gives the lender the right torequire the company to repurchase thelender’s shares on the earlier of any numbertriggering events. Usury issues Section 347of the Criminal Code makes it a criminal

offence to enter into an agreement orarrangement to receive, or to actuallyreceive, “interest” on credit in excess of 60per cent per annum of the total value of thecredit advanced. Two decisions of theSupreme Court of Canada have heightenedthe uncertainty created by section 347regarding subordinate loans with equityparticipation in the form of upfront equityinterests, share purchase warrants, and con-vertible debt.Second lien subordinate financing isbecoming increasingly prevalent in themiddle tier of the capital structure. Greatcare must be taken to properly understandand document the subordinate lender’srelationships with its borrower and the sen-ior lender due to the subordinate statusand frequent preference of an equity com-ponent to achieve the lender’s desired rateof return.

Periscope, continued from page 6

Suite 11001177 West Hastings StreetVancouver, BC, V6E 4T5Telephone: 604.687.4544Facsimile: 604.687.4577www.bmmvaluations.com

Blair Mackay Mynett Valuations Inc.

is the leading independent business

valuation and litigation support practice

in British Columbia. Our practice focus

is on business valuations, mergers

and acquisitions, economic loss claims,

forensic accounting and other litigation

accounting matters. We can be part

of your team, providing you with the

experience your clients require.

Left to Right:Ron Parks, FCA, CA• IFA; Spencer Cotton, CA, CBV;

Rosanne Terhart, CA, CFE; Robert D. Mackay, CA, CBV, CFE;

Gary M. W. Mynett, CA, CBV; Hugh G. Livingstone, CGA, CBV;

Cheryl Shearer, CA; Jeff P. Matthews, CA; Vern Blai r, CA, FCBV, ASA

the authenticity of the sender—in essence,the sender has signed the message.

Ease of useTo avoid technical complexity and to facil-itate ease of use, some secure e-mail servic-es use some form of Web mail service, pro-viding the sender and receiver the means ofencrypting and decrypting e-mail messagesat the click of a mouse. A good example ofthis type of implementation is e-Courier.e-Courier is unique in that it has featuresthat mirror a real-world courier, includingthe ability to track deliveries of messagesand files. Unlike traditional Web e-mail,this allows senders to know when a mes-sage has been opened or when a file hasbeen downloaded. To use e-Courier, a CGA firm would signup for the service and add its clients as con-tacts so that they are able to securely com-municate with the firm using the e-Courierservice. The e-Courier Web mail works likeGmail (Google Mail) or Yahoo! Mail andworks with any number of Web browsers,but with the added benefit of total security.While e-Courier focuses on the profes-sional market, EchoWorx’s solution is tar-geted at the general market, offering itssecure e-mail service through third partiessuch as Rogers. EchoWorx secure e-mailcan also be privately branded. EchoWorx’ssolution requires a plug-in to be installedin your e-mail client, such as MicrosoftOutlook. To send a secure e-mail, youclick the Secure icon in your Outlookmenu bar and type in your password. Ifthe recipient is another EchoWorx sub-scriber, she would be able to open yourmessage by typing in her own password. Ifthe recipient is a non-subscriber, yousecure the e-mail message by typing in ashared secret that you have prearrangedwith the recipient. The recipient will get amessage that directs him to a messagepickup centre, and he needs to answer theshared secret question correctly in order toopen your message.If you communicate with clients or otherprofessionals by e-mail and need toexchange confidential information, youowe it to yourself to secure your e-mailmessages. To do otherwise is utter folly.

TechView, continued from page 5

free as distinct from those who receive tax-able dividends subject to the normal divi-dend tax credit. Deemed DividendsDeemed dividends will also be eligible fortreatment as eligible dividends. Conse-quently, it will be necessary to consider theimpact of these new rules in circumstanceswhere shares are redeemed or repurchased,whether pursuant to a negotiated sale or theterms of a shareholder’s agreement. Repur-chases of shares following the death of a

shareholder may trigger eligible dividends.Dividend Refunds“Dividend Refunds” under section 129 ofthe Act of $1 of corporate tax from theRDTOH account arise once $3 of taxabledividends are paid. The RDTOH accountusually contains a refundable portion ofPart I tax on investment income and PartIV tax on dividends. Taxpayers may dis-cover, when calculations are done, that itmay be possible for the corporation toobtain a dividend refund of corporate taxespaid on investment income when it pays“eligible dividends” out to the sharehold-ers. This may occur where a corporationhas a mix of investment income and activebusiness income subject to the high rate oftax which falls into the GRIP.Maximizing GRIPWhen assets are sold in the course of a saleof a business, the allocation of the salesprice to various assets may in turn beaffected by the desire of the corporationselling the assets to subsequently pay eligi-ble dividends to shareholders. To theextent that the corporation generates activebusiness income from the sale of itemssuch as inventory and goodwill, then the

amount in the GRIP will increase. This isdistinct from allocations of the sales priceto assets which give rise to capital gains.GRIP, however, can increase from therecapture of CCA previously claimedagainst active business income.Get a GRIP Before Year End?A GRIP calculation must be done at theend of the taxation year. If eligible divi-dends will be paid during a taxation yearwhen insufficient GRIP exists, the corpo-ration must “locate” GRIP before year end

to avoid the penalty tax.This could occur fromreceipt of “eligible divi-dends” from other corpora-tions, dividends from for-eign affiliates or earnings oftaxable high rate active busi-ness income. Don’t forgetthe transitional rule for thecalculation of GRIP for the2001 – 2005 taxation yearsin subsection 89(7) of theAct. In addition, GRIP

might arise in a taxation year if a corpora-tion is reassessed for additional active busi-ness income, though generally I cannotconceive of someone calling CRA to auditthe corporation to consciously generateGRIP in this way. Loosen Your GRIPAs GRIP may be a positive or negativenumber, a corporation might consider pay-ing “eligible dividends” while GRIP stillexists. This is no different than practicesnow adopted by practitioners to clear the“capital dividend account” before it goesnegative.Is There Any Way Out of These New Rules?A Canadian-controlled private corpora-tion may elect not to be “CCPC” for pur-poses of these new rules. However, shortof dealing with these new rules containedin section 249 of the Act (which results ina year-end status change), a CCPC willhave to learn the impact of these newrules. As time goes on and advisorsbecome familiar with the new rules andthe nuances that flow from the calcula-tions and implementation of the rules,further planning opportunities and pit-falls will surely arise.

Tax Matters, continued from page 4

As advisors becomefamiliar with the newrules, further planningopportunities and pitfalls will surely arise.

ou

tl

oo

k

vie

ws

8

SURVEY HIGHLIGHTS

COVERON THE COVER

Certified General Accoun-tants continue to be heldin high esteem by BritishColumbians, accordingto a survey measuringpublic regard for eightprofessional groups.Ninety-two per cent ofthe public give CGAs a very or somewhatfavourable rating—just onepercentage point behind survey-leading doctors and one ahead of pub-lic school teachers and Chartered Accoun-tants.CGA-BC President Gordon Clissold,FCGA, called the survey’s findingsextremely heartening. “The respect our designation has in everycorner of the province is a clear reflection ofthe high quality work our people perform

day in and day out,throughout the econ-omy,” he said. “Posi-tive recognition likethis can only beearned over time by people of princi-ple.”

This year’s result is vir-tually identical to that of

April 2006 and has remainedremarkably favourable to CGAs

since the survey was first conducted sevenyears ago. The biggest movement over the2006 survey took place among the public’sperceptions of police officers and teachers.Favourable ratings for police officersdropped four percentage points to 90 percent, while favourable impressions of teach-ers moved up four points to 91 per cent.

The Synovate survey consisted of 500 interviewsconducted between February 6 and 12, 2007.The combined “very” and “somewhatfavourable” ratings were as follows:

doctors – 93 per cent CGAs – 92 per cent public school teachers – 91 per cent CAs – 91 per cent police officers – 90 per cent judges – 80 per centlawyers – 72 per cent real estate agents – 67 per cent

The survey found CGAs are held in high regardacross all demographic categories.

British Columbians Hold CGAs in High Regard

ou

tl

oo

k

fe

at

ur

e

9

ou

tl

oo

k

re

so

ur

ce

10

C u r re n t A s s e t sA miscel lany of products, books, news and resources for CGAs

Look at a day when you are supremely satisfied at the end. It's not a day when you lounge around doing nothing;it's when you've had everything to do, and you've done it. –Lord Acton

AirCard 860 PC Card

For the frequent traveller with adependence on Internet connec-

tivity, the plug-in AirCard 860 PC,available through Rogers and Fido, isalmost better than free airmiles.When activated, annoying details likehotspots and unreliable hotel ADSLare a thing of the past. Simply insertthe card into your laptop and enjoythe ease of connectivity from cafes,buses, boardrooms, or anywhere elsethat suits your schedule. Operating on 850 and 1900 MHzthroughout North America, the Air-Card uses High Speed DownlinkPacket Access (HSDPA) networksthat keep you in constant e-commu-nication at a comfortable connectionspeed while you’re on the road. Andif your travels should take you abroad,don’t worry, the card is also compati-ble with EDGE/GPRS/GMS net-works, which means it worksglobally. Telus and BellMobility offer asimilar product, theKyocera KPC-650Passport.

The AirCard 860 PCkeeps you connected whileyou’re on the road, anywherein North America or abroad.

A new feature of the 2007 Quick-Books Pro 3 User Edition is

increased multi-user functionality. Thislatest edition allows up to five users towork on the same QuickBooks file simul-taneously. User access levels can also beset to vary for each employee.

Latest QuickBooks Edition Offers Increased Usability

Free To Roam, Without the Roaming Fees

W hile the development of “world phones”has allowed easy and constant cellphone

communication, it has also led to Texas-sizedphone bills.If you travel frequently to the same places, con-sider buying a local SIM card for your destina-tion area. Most new cellphones are SIM card(Security Identity Module) equipped. If youswitch the card for a local one upon arrival, youwill get vastly cheaper usage rates. Typically, youwill pay about equal to the pay-as-you-go rates oflocal area users. In Toronto, for example, youcan purchase a local SIM card for $25 with air-time fees of just 15 cents/minute. This is vastlyless than standard roaming fees of 40 to 99 centsdepending on the carrier.To use multiple SIM cards, the first hurdle formany mobile phone owners, is getting theirphone “unlocked.” Unfortunately for us, manyCanadian wireless providers “lock” their phonesso that they can accept only a single SIM. Thisprevents the cellphone owner from switching

providers and forces them to keep thesame provider. Thankfully, this process

can be undone with a little legwork.Depending on the model of phone,

you either enter an access code toautomatically unlock the system,

or take the phone in to yourprovider to have them unlock itfor you. Some quick Web

research regarding the make andmodel of your phone will point

you in the right direction.

The Pro 3 User Edition also allows up tothree users access to the same copy of the pro-gram at the same time. This offers significantsavings as it’s no longer necessary to buy sep-arate licences per employee. For larger com-panies, the Premier 5 User Edition allows fiveor more users to share the software.

As far as switching the actual SIM cards,most are located just behind the battery andcan be replaced in a matter of seconds. Granted, all of this takes a bit of work toorganize, but for the heavy user, the savingsoutweigh the effort. Happy phoning.

Tax Time Stress

A ccording to a recent study 45 per centof Canadians admit they find tax

preparation stressful, and 44 per cent file atthe last minute. Commissioned by Cana-dian tax prep software firm UFile, the studyconfirms that many Canadians experience a“moderate to high degree of stress” at taxtime. The results also indicate that womenfind the experience more stressful thanmen, with almost twice the female respon-dents choosing the highest stress rating. Close to half of Canadian taxpayers are alsoinclined to file their returns late. Accordingto the study, 69 per cent of respondentswere unaware of the first day of return eli-gibility. Further results indicate that 15 percent don’t file their tax returns themselvesor have never filed a tax return and 13 per-cent know someone who has not filed forthe previous year.

45%of Canadians find tax preparation

stressful

Each year CGA-BC acknowledges the academic achievements of its Top 10 graduating students. These individuals had the highest overall average exam scores for all exams written while on the CGAprogram. Their stories are filled with advice, encouragement, and inspiration.

• Alan Tung, CGA • Ben Liva, CGA • Agnieszka Zebrowska, CGA • Ngai Wong, CGA • Annette Walske, CGA

• Melanie Wortley, CGA • Derek Zhi Hua Liu, CGA • Katherine Kovacs, CGA • Jirina Sztefek, CGA • Shawna Charles, CGA

W W W . C G A - O N L I N E . O R G

• 2007/08 Academic Schedule 15 • Student Services Team 16 •

3 0 0 - 1 8 6 7 We s t B r o a d w a y

Va n c o u v e r, B C , C a n a d a V 6 J 5 L 4

Te l : ( 6 0 4 ) 7 3 2 - 1 2 1 1

Fa x : ( 6 0 4 ) 7 3 2 - 1 2 5 2

We b s i t e : w w w. c g a - o n l i n e . o r g

CGAjobs .orgC G A j o b s . o r g i s B . C . ’ s l a r g e s te m p l o y m e n t s e r v i c e d e v o t e d s o l e l y t o a c c o u n t i n g a n d f i n a n c ep r o f e s s i o n a l s .

T H E C G A - B C S T U D E N T N E W S L E T T E RV O L U M E 3 4 / N O . 1

A P R I L 2 0 0 7

A p u b l i c a t 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 t a n t s A s s o c i a t i o n

o f B r i t i s h C o l u m b i a

sessionsThe Top 10

Continued on page 14

Alan Tung, CGA Alan Tung was our 2006 class Valedictorian. Hetook a moment out of his schedule as a public prac-tice practitioner at Bekken Bickford & Associates totell us how he achieved so much success on the pro-gram.Having completed a Bachelor of Commerce with anAccounting Major at UBC, he chose the CGA desig-nation because he liked the cachet it has with thebusiness community. Alan consistently achieved high marks while com-pleting his CGA. He attributes his success to solidplanning. He says using past exams as part of hisstudy program was essential. Of all the courses he found PA1 to be the most chal-lenging because it requires one to learn how to inte-

grate information from many different courses whenresponding to case-based questions. Despite the challenges of the program, he says if hehad to do it all over again he would. He says, “The CGA program is tough butat the end of the day when you get the des-ignation you see how much it was worthit.” His advice to CGA students is tofind time to relax before an examand try to stay relaxed while writ-ing the exam.

Ben Liva, CGA Ben joined the CGA program in June2004 with a Financial Management

sessions

The Cer t i f ied Genera l Accountants Associat ion of Br i t i sh Columbia 12

Diploma from BCIT. He needed eightcourses to complete his CGA designationand an additional seven courses to completehis Bachelor of Technology in AccountingDegree from BCIT. By December 2005,Ben had completed all of the CGA coursesand earned himself a spot on the Top 10list. In April 2006, Ben completed hisdegree. How did Ben accomplish this feat? Itrequired him to double up on courses inalmost every session and to devote a mini-mum of 20 hours per week to studying.It’s not usually recommended that studentsdouble up on courses, so how did Ben man-age and manage so well?Ben gives us the following insights to hissuccess: • In each session, he would generally take

one CGA course along with one BCITdegree course to balance his workload.

• He had the support of his wife who understood the challenging time com-mitments and workload.

• He made sure to take one day off each week for personal time, and nevermissed a Canucks game!

• His employer provided him with time off for studying right before an exam.

He says he found the review questions atthe end of each module to be one of thebest exam preparation study tools aroundbecause they cover essential course mate-rial.Ben currently works at KPMG where he isin the process of transitioning from theAssurance Services area to a new role as aTax Specialist in the Canadian Tax Group.He will begin the CICA In-Depth Tax Pro-gram this October. With his fast-trackedCGA studies behind him, he says a littlemore snowboarding and boating are in hisschedule too.

Agnieszka Zebrowska, CGA The CGA program can open the doors tocompletely new job prospects for individ-uals. Just ask Agnieszka, Agi for short,who has a Masters in Chemistry. Aftermoving to B.C. from Poland almost eightyears ago, she quickly learned Englishwhile studying at Camosun College andthen moved into their accounting pro-gram. The accounting profession intriguedAgi and, with the support of her employ-ers, she joined the CGA program.While working for Chan, Sterling andCompany, Agi says she was lucky to bementored by some prominent CGA mem-bers—CGA-BC’s past president, GordonChan, FCGA, and Kim Sterling, FCGA,past president of CGA-Manitoba, to namea few. Agi is now a tax auditor for the CRA.Agi recommends the use of the online stu-dent support networks, which can now beaccessed within edNET. She felt thatTX1, TX2, AU1 and AU2 were extremelyrelevant to her, both for public practiceand as a tax auditor. However, FA4 was thecourse she loved the most. With a finalmark of 97 per cent in FA4, it’s hard todisagree with her. Now Agi is able to take a deep breath andenjoy, along with her husband, her mostrecent accomplishment: their brand newbaby girl.

Ngai Wong, CGAAfter attaining her Bachelor of Commercefrom the University of Toronto with a focusin accounting, and moving to BritishColumbia, Ngai decided to further enhanceher career prospects with a CGA designa-tion. Ngai entered the CGA program in2003, at the fourth level.She now works for Manning Elliot Char-tered Accountants. Her responsibilities

include completing year-end review andcompilation engagements, preparing per-sonal and corporate tax returns, and com-pleting various financial statement consoli-dations. She found the FA4, TX1, AU1and AU2 courses to be beneficial and com-plementary to her work in public practice. While on the program Ngai found heraudit courses the most challenging andachieved academic success with a disci-plined study schedule. She advises students study at least one totwo hours each day.“Focus your weekday studies on readingand truly understanding the materials,then spend four to five hours on the week-end completing the assignments and goingover any areas of concern you might stillhave.” She also found it important to keep upwith her hobbies while completing theprogram. For Ngai, swimming and tennishelped reduce the stress of day-to-daywork and CGA studies.

Annette Walske, CGAAnnette Walske has been a tax auditor forthe CRA for five years. She says that TX2was both the most challenging and mostrewarding course she took. One of her petpeeves is that students often steer awayfrom taking TX2.“The concepts covered in TX2 are essentialto being able to understand even very basictax planning strategies,” she says. She addsthat it is a very well developed course and,even now, the TX2 lesson notes stay close toher side. As a working mom on the CGA program,she managed to keep things organized byensuring that she didn’t take courses back-to-back. Before starting a course she wouldget as many household chores and responsi-

Continued from page 13

“The CGA program is tough but at the end of the day when you get the designation you see how much it was worth it.”

–Alan Tung, CGA 2006 Valedictorian

TOP 10

13

bilities out of the way. She also gives a lot ofcredit to her husband for taking over mostof the cooking and cleaning chores to giveher extra study time.Now that her studies are over, Annette hasreacquainted herself with her love of reno-vating and home projects. Last year shecompletely remodeled the kitchen in herhome by herself. She’s also taught herselfhow to operate a table saw, mitre saw andother woodworking tools. She says thatcompleting the CGA program has givenher the confidence to tackle almost any-thing. “Once you’ve survived the CGA exams,everything else looks easy.”

Melanie Wortley, CGA After completing the CGA program andwith many years of public practice experi-ence, Melanie has recently opened her ownpublic practice accounting firm in Spar-wood in south east B.C. Melanie says studying from a distance wasnot a disadvantage as there were manyresources for her to use. For Melanie theseincluded online lectures, course tutors, andthe student networks. Using theseresources, along with the love and supportof her husband and two children, Melaniedidn’t just make it through the program,she excelled. The path to Melanie’s CGA started whenshe finished a job contract and was leftout of work. She decided to go back toschool and completed a diploma in busi-ness administration and then received ascholarship for the CMA program. How-ever, as she continued through the CMAprogram she began seeing a disconnectionbetween her work at a CA firm and herstudies. So, she decided to switch to theCGA program.

Melanie shared a few study tips: alwaysread all the materials, twice if you havetime; always try to complete the practiceexams; and always find a bit of time foryourself, even if that means taking a sessionoff from time to time.Melanie says that students should alwayskeep the ultimate goal of obtaining theirCGA in mind, but should also “. . . setsmall achievable, realistic goals, the nextassignment, the next exam . . . don’t get toofar ahead of yourself.”This, she says, will help keep stress levelsdown.

Derek Zhi Hua Liu, CGA Now living in B.C., Derek is originallyfrom China. Having recently graduatedfrom the CGA program, he plans to use hisfree time to pursue research work in thechanges with GAAP, the impact of U.S.SOX 404 on Canadian publicly tradedcompanies, and deepening his understand-ing of corporate taxation issues such asprice transferring. Derek is the Controller of Silvercorp MetalsInc., a TSX-listed mining company, andNew Pacific Metals Corp, a TSX-Venture-listed mining company. Working for publicly traded companiesmakes meeting GAAP reporting require-ments essential, and Derek says that hisCGA courses greatly assisted him in under-standing the reporting requirements.With a Master of Economics, Derekreceived several course exemptions, so hewas able to complete the CGA program injust two years. His study approach was toapply the same basic study routine prior toeach of his exams: review past exams, reviewcourse modules and review course assign-ments. His consistently applied routineearned him a spot in the Top 10.

Katherine Kovacs, CGAKate entered the CGA program in 2000with little more than one exemption, so shecompleted most of her studies directlythrough the CGA program, writing examafter exam and excelling each time. Sheeven received honours standing for the PA1exam, which is the course she found mostchallenging. One of her tried and true study techniqueswas making the completing of the assign-ments a priority and, if time allowed, com-pleting the review questions as well. If shedidn’t get a chance to complete the reviewquestions during the week, she wouldalways work through them as part of herexam studying routine. She also found timeto relax before her exams, by taking a walk,running, reading or playing with her dogs. She credits her achievements to her sup-portive husband and family. She says shewas lucky to work with many great CGAsand CGA students, who formed part of hersupport group and kept her motivatedthroughout the program. She suggests CGA students make use of thepractice exams. She also says, “Teaching orexplaining a concept to someone else is agreat way to understand or remember ityourself.” Kate works as a Corporate Business Analystat Canadian Forest Products Ltd., and shefound time to complete her first half-marathon in October 2006.

Jirina Sztefek, CGALike Kate, Jirina Sztefek worked her waythrough almost every course of the CGAprogram. Coming into the program withan associate degree in computer science, shereceived exemptions for MS1, QU1 andEM1. She took all her remaining coursesthrough the CGA program and consistent-

“Teaching or explaining a concept to someone else is a great way to understand or remember it yourself.”

–Katherine Kovacs, CGA

14The Cer t i f ied Genera l Accountants Associat ion of Br i t i sh Columbia

sessions

ly received outstanding marks for everyexam completed—a total of 15 CGAexams. Jirina has had positions in several industry-related fields and credits her continuedadvancement to her time in the CGA pro-gram and the knowledge that she acquiredin each course. For the past year-and-a-halfshe has been Controller of Pat AndersonInsurance Agencies. While in the program, Jirina would read allthe materials for each course and complete

all the assignment and review questions.While she did not use the blueprints for herexam study routine, she did complete thepractice exams and would also complete atleast nine to 10 past exams. She would also keep at least three weeksahead of the course schedule so that shewould have time to deal with the unknownsthat life can throw at you. She credits thisstrict study routine to her success, but addsthat each individual must find a routinethat works for them.

Her strict study routine did not leave muchtime for any extracurricular activities, butnow that she has completed the programshe has taken up sewing and reading again.She is also learning French and says, “It’snice to be in a course that doesn’t have theCGA exam pressures.”

Shawna Charles, CGAShawna Charles is a supervisor at WolrigeMahon Chartered Accountants. She hasbeen with Wolrige Mahon for three-and-a-half years and works within its entertain-ment division. Her days are busy, reviewingaudit files, assisting clients, and supervisingher team. She is quick to say that the CGA programgreatly supported her work. AU1 was a keycourse for her.Echoing the sentiments of one of her co-Top 10 achievers, she felt that the PA1course was the most challenging. She saysthis is because the course isn’t based onabsolute right and absolute wrong answers.Rather, she found that a lot of professionaljudgement needs to be applied to each busi-ness case, just like the real-world workingenvironment. Shawna came into the program with aBachelor of Technology and Accountingfrom BCIT. She says her studies at BCITwere an asset to her continued studies andled to success in the CGA program. Shealso found that the support that shereceived from her employer, such as paidstudy days, was very helpful in seeing herthrough the program. Another factor thatcontributed to her success was the use ofpast exams as part of her study routine. When asked what she will do with her freetime, she responds, “More work!” But shesays, she now has time to fit in a vacationor two.

“Once you’ve survived the CGA exams, everything else looks easy.” –Annette Walske, CGA

TOP 10

15

2007-2008Academic Schedule

SESSION 12007-2008 Enrolment packages sent to students July 23–27Last date to enrol for Session 1 Aug 17Last date to re-enrol if no Session 1 courses Aug 24Registration Help Lines Aug 13–24Withdrawal date – with refund Sept 24Withdrawal date – with no refund Oct 17Session 1 courses begin, week of Sept 12First Assignment due (for some courses) Sept 19Exam Week Dec 3–8Exam results released Jan 30

SESSION 2Last date to enrol for Session 2 Nov 16Withdrawal date – with refund Jan 2Withdrawal date – with no refund Jan 16Session 2 courses begin, week of Dec 12First Assignment due (for some courses) Dec 19Exam Week Mar 10–15Exam results released May 7

SESSION 3Last date to enrol for Session 3 Feb 22Withdrawal date – with refund March 31Withdrawal date – with no refund April 23Session 3 courses begin, week of Mar 17First Assignment due (for some courses) Mar 26Exam Week June 9–14Exam results released July 30

SESSION 4Last date to enrol for Session 4 May 23Session 4 courses begin, week of June 11Withdrawal date – with refund June 16First assignment due June 18Withdrawal date – with no refund July 16Exam Week Sept 2–4Exam results released Oct 29

NOTE: This is an advance copy of the 2007-2008 academic schedule— dates are subject to change. Please refer to the official copy available online in June 2007.

Nikki Jimenez has a first-hand knowl-edge of the challenges that studentscan face.

With a dual bachelor’s degree in Interna-tional Studies and Spanish, as well as a

master’s degree in Latin American andCaribbean Studies, Nikki is used to see-ing hard work pay off.

Her high school sweetheart, nowhusband, Jason, has worked his way toa Grey Cup ring as a BC Lion. Andeach day, Nikki supports the hardwork of students as the Student Sup-port Administrator at CGA-BC.

“I’m here for any kind of academ-ic advising,” she continued. “Any-thing from ‘What course should Itake next?’ to ‘Which electivewould be better for me?’ and help-ing students if they’re running outof time to finish the program.”

“I assist people along the wholecontinuum of CGA studies—from

initial enrolment through to how they can fin-ish up as quickly as possible and everything

16

sessions

J ust like sailors of yore, CGA students are masters of their owndestiny—independent and self-motivated. But even ancientmariners relied on compass, charts and the astrolabe to help

them navigate through the boundless seas. And now, CGA stu-dents too will have some navigators, devoted to providing studentsassistance and guidance, to rely upon.

CGA-BC solicits feedback from our students—past and present—to ensure that we are providing the best programs and services possi-ble. Over the last year, a strategic decision was made to place more

focus and emphasis on advising students.To support that goal, a new position has been added to the Student

Services team. We’d like to introduce CGA-BC’s first Student CareerCounsellor—Cynthia Ainslie.

Nikki Jimenez is also a recent addition to the Student Servicesteam—she provides academic advice as our Student Support Admin-istrator.

Learn how Cynthia and Nikki can help you as you complete yourCGA designation.

Navigating your way to your CGA:

CGA-BC is here to help

Having the right stuff means making the right decisions

Nikki Jimenez: Student Support Administrator

By Colin Miley

Student Support Administrator NikkiJimenez is available to answer any andall academic questions from CGA-BCstudents and members.Contact Nikki for information on any ofthe following:• Enrolment in the program• Planning elective courses • Student appeals• Re-enrolment, course scheduling

and any other academic matters.

Nikki works from the CGA-BC office inVancouver, and is available during regularbusiness hours, Monday to Friday, 8:30a.m. to 4:30 p.m. Call (604) 730-6221, ore-mail njimenez@cga-bc.org to review youracademic options.

• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

P R O F I L E S

Photo: TheresaWiebe.com

in between. I also advise students who havewithdrawn from or failed certain courses andneed to come up with an alternative to getthem back on track towards receiving theirdesignation.”

Nikki can also assist students in choosingelectives, course selection and other aca-demic procedures—including policy andprocedure clarifications and the appealsprocess.

“The CGA program is unique in thatthere are not a huge number of requirementsto enter the program. We have a lot of exitrequirements – a bachelor’s degree, a highlevel of practical experience, the entire aca-demic program of studies – but students

need those achievements to graduate.”Providing personalized academic services

is paramount to the learning philosophy atCGA-BC.

“Even though we are a distance educationprogram, we want students to know thatthey are not alone. If people are willing tocontact us, we’ll make sure that they get ananswer to their questions or concerns. If Idon’t know the answer, I’ll make sure thequestion gets to someone who does.”

“Because our program is mainly distanceeducation, a lot of students don’t get achance to actually meet with someone. I findthat a lot of students feel better once theycome in and talk to somebody. Even just

finding out that they are on the right track,or that they have ‘X’ number of coursesremaining, can really be beneficial.”

Students can make appointments to meetface-to-face, or can contact Nikki by phoneor e-mail.

“We have over 4,500 students in the pro-gram, and enrolment periods [four times peryear] tend to be my busiest times. One mes-sage I’d love for students to hear is that I’mavailable year-round to answer questions andprovide academic advice.”

To contact Nikki Jimenez, call (604) 730-6221, or e-mail her atnjimenez@cga-bc.org.

17

PROFILES

Are you poised to make the most ofyour practical experience require-ment? Doing everything possible to

ensure that you graduate in demand? Are youearning as much as you deserve while work-ing towards your CGA designation?

If you’re not sure, the answers may bejust a phone call or e-mail away. Andquestions should be directed to Cyn-thia Ainslie, CGA-BC’s new StudentCareer Counsellor.

“My position was created to ensurethat students have real support as theydevelop their practical experiencetowards earning a CGA designation,”Cynthia said. “I’m here to help withany work-related questions—and everystudent’s needs are a little bit different.”

Cynthia’s comes to CGA-BC with abachelor’s degree from the University ofGuelph, a Certificate in Career Coun-selling from Kwantlen University College,and several years as a Career Counsellor forthe Coast Foundation.

• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

CGA-BC understands that strongcareers require clear paths – and clearpaths are built one stone at a time (andoften with a little help).That’s why, starting in February 2007,CGA-BC created the Student CareerCounsellor position to support CGAstudents on issues related to careerchange, job search, interview tech-niques, and job search resources.Talk to Cynthia Ainslie for career devel-opment questions, including:

• Developing and improving your cover letter and resumé

• Preparing for job interviews• Job-search strategies• Ensuring your experience meets the

practical experience requirement• Successful workplace conduct• Changing jobs or careers• Identifying transferable skills• Locating support services such as

upgrading your language skills• Any other concerns related to work

Take control of your work experiencerequirement and start planning yourpersonal path to success.

Contact Cynthia by phone at (604) 629-8371, or by e-mail atcainslie@cga-bc.org to maximize yourcareer potential.

Helping you make the most of your practical experiencerequirement

Cynthia Ainslie:Student Career Counsellor

Continued on page 18

Photo: Ron Sangha

The Cer t i f ied Genera l Accountants Associat ion of Br i t i sh Columbia 18

Many people are not really comfort-able developing new businessrelationships—or personal ones,

for that matter. Yet this skill—network-ing—is critical to business success. Itincreases your value, and can open thedoor to a promotion or other new oppor-tunities. Unfortunately, many see networking asnothing more than the collection of busi-ness cards at trade shows, or "small talk"at cocktail receptions. Let's face it: there is a limit to how manybusiness cards you can store in your deskdrawer, or how many conversations youcan have about the weather. When itcomes to follow-up, there is usually moreguilt than action. The goal of networking is to connect, andthen ultimately benefit from, your relation-ships. Here are a few concrete suggestions

on how to do this:

1) When you meet a person for the firsttime, discover what they are interested in,both professionally and personally. Spendmore time listening than talking.

2) Like a bank account, you can't expect tomake a withdrawal without first making adeposit. Few will help you (let aloneremember you) if you don't help them first.Think of networking as the act of helpingothers succeed.

3) Each day as you read the newspaper andbusiness press, cut out articles that matchyour networking list's interests, then sendthe clippings out. It can be as simple aswriting "Pat, thought this would be of inter-est – Randall" on a business card andattaching it to the clipping. They'll appreci-

ate it, and you will be someone who addsvalue to their day – not just takes valueaway.

4) To strengthen the relationship further,meet with them from time to time, eitherto learn more about what they're doing, orto ask for advice. If you must talk about the weather, goahead; just make sure that you leave know-ing more about them than the name ontheir card. Networking is far more produc-tive, and easier, if you realize that your suc-cess comes from giving, not taking. This week's action item: Find at least onearticle that would be of interest to some-one on your network list, and send it tothem. If you can't commit to doing thisevery day, then calendarize two days week-ly to make a "deposit" into your networkbank.

Give and You Shall Receive. Networking TipsBy Randall Craig

Randall Craig is a management consultant, speaker, and author of several career planning books, including "Leaving the Mother Ship,"and "Personal Balance Sheet, a Practical Career Planning Guide.” For more information and resources: www.PersonalBalanceSheet.com.

• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

Because each CGA student comes into theprogram with a different set of experiencesand different career goals, the Career Coun-sellor position was created to assist studentsin advancing in their careers and to providesupport on issues related to career change,job search, interview techniques and jobsearch resources.

“By the time they reach Level Four, stu-dents are expected to report their work expe-rience by completing the practical experienceassessment questionnaire,” said Cynthia.“I’m here to help students assess their practi-cal experience to determine what is profes-sional-level work and what is more clerical.”

Proactively seeking work-related guidanceputs you on the path towards a more enrich-ing experience while you earn your CGA.

Cynthia is also committed to informingCGA-BC students about the many resourcesthat are available to them.

“CGA-BC’s courses are largely self direct-ed. This allows students to work at their ownpace, but it can also create a sense of isola-tion. It’s my job to develop awareness aroundsupport programs for everything from jobsearches to improving English-languageskills,” Cynthia said.

“And my mandate isn’t limited strictly tostudents. I’m here to answer questions and

provide support for people thinking aboutapplying to the program and graduates aswell,” she said.

Earning your CGA designation is not easy.Challenging courses have to be balancedwith full-time work. But your practical expe-rience requirement can do more than padyour resumé; it can help you develop theskills, the network, and the experience tosucceed as a CGA.

Cynthia Ainslie can help you. Contact her today by phone at (604) 629-8371 or by e-mail atcainslie@cga-bc.org.

Continued from page 17

“Most often, we find that students will wait until they have a problem with their work

experience to contact us for advice. Ideally, we want to help students plan their work

requirement so it is working hand-in-hand with their ultimate career goals.”–Cynthia Ainslie

ou

tl

oo

k

re

so

ur

ce

20

Wo r k i n g P ap e r sinformation and intel l igence for professional success

Membership Renewal

M embership renewal notices will bemailed to all members at the end of

April. Members are given the opportunityto support the CGA-BC EducationalFoundation with an optional donationamount of $15, which is included on yourannual membership renewal notice.Choose that option and you will havemade a donation that will Make a Differ-ence. Of course, if you’d like to give moreor you aren’t able to make the donation,simply make the change on the renewalnotice.

Change in status?

Have you recently retired? Decided tostay home to raise your family? Left

work to return to full-time study at univer-sity? For an application form or to reviewthe policies of membership status, sign in towww.cga-bc.org and under the Member-ship heading choose Member Forms.

Continuing Professional Development Reporting

B y now you will have received yourdetailed information regarding the

new international standards for CPDreporting. This personalized package wasmailed to all members in February.Detailed information is on the Website,the online reporting for 2007 is availablethroughout the year and staff are able toanswer any questions you may have onthe new requirements.

Upcoming in Outlook: WhereEducation and Ethics Intersect

W atch for a focus on ethics in theJune issue of Outlook.

Have a comment or question about Outlook? Contact Edward Downing atedowning@cga-bc.org or (604) 730-6208.

Contact Information

Ruth Bornhauser, Administrator, Pro-fessional Development Event Planning(604) 714-2352, rbornhauser@cga-bc.orgContact for: Professional developmentseminars

Elize Combrinck, Administrator, CPD and Member Programs(604) 730-6229, ecombrinck@cga-bc.orgContact for: Member benefits program,CPD reporting

Penny Hurst, Administrator, Membership & Chapter Programs(604) 730-6207, phurst@cga-bc.orgContact for: Member awards, membername changes, retired member statusapplications

Kathy Caldwell, Administrator, Computer Supportsupport@cga-bc.orgContact for: Technical support

to all the generous donors who made the Southern VancouverIsland Chapter’s fundraising dinner a success.Thanks

This sold-out event raised over $7,500 for the CGA Endowment Fund at Camosun College. The fund isused to help accounting students complete their studies at Camosun College.

Corporate table donors:Bayview Properties Ltd.Chan Sterling & CoMcCullough Blazina Dieno,

- Trial LawyersEvergreen Disposal Ltd.Maycock & Company, CGARoyal Bank

Auction item donors:BSLChef Michael WilliamsElderSafe Support ServicesHotel Grand PacificVic Skaarup, CGA, CFP,

Investors GroupVintage Wine Bar & GrillCamosun College FoundationCGA-BCCopeland Communications Ltd

Esthetics by Jeni BorszczFifth Avenue Holdings LtdGood Things ConsignmentMt Doug Cruiseshipcenters.comPlacement GroupProspect Lake Golf CourseSampan Chinese Seafood RestaurantSutton Place HotelTop Coat Painting

Live auction donors:Berman Holdings Ltd.Mount Washington Alpine ResortPietrzykowski Bay & Associates Inc.Victoria Salmon KingsWesterly Hotel, Courtenay

ou

tl

oo

k

re

so

ur

ce

21

P r a c t i c e R ev i ewresources, courses and tools of the trade

Public Practice Speed Interview Nights

A Vancouver CGA firm met, inter-viewed and hired a new staffer all

within one week thanks to its participationin a Speed Interview Night.“It was a very efficient use of time,” saysVicki George, CGA, Partner in the Van-couver firm of MacKenzie, George &Company. “We were able to meet withabout 50 potential candidates and form avaluable first impression.” The firm participated in the October 2006Speed Interview Night and George vowsthey’ll be back again.The Association is holding its next SpeedInterview Nights on May 24, in Vancou-ver and on May 31 in Richmond. Makesure your firm is there to find the qualitystaff you need.

To register your firm for this free eveningevent, contact Brigitte Ilk, CGA atbilk@cga-bc.org or (604) 629-8363.

CRA To Provide On DemandDate Stamping Service

I n response to taxpayers’ and practitioners’requests to provide proof of hand-deliv-

ered tax returns and other documentation,the CRA will implement a date stamping ondemand service in all their local offices.

CRA Corrects FilingRequirements for T5013Information Returns

C RA has corrected their T5013 Part-nership Information Return – 2006

to exclude partnerships where:

• There are five or fewer members and • Any of the members was a corporationor trust during the fiscal period of thepartnership. Reasons this return is required still hold,namely, the partnership:

• Has more than five partners • Is a “tiered partnership” • Is a Limited Partnership • Is a “flow through” partnership.

To view the corrected T5013 guide go tohttp://www.cra-arc.gc.ca/E/pub/tg/t4068/t4068-06e.pdf.

CRA’s Penalty and InterestRegime Changes April 1

L egislative changes, effective April 1, willalter the calculation of and rates relevant

to the interest and penalties applied by CRAto businesses. By harmonizing several Actsadministered by the CRA, businesses willfind that refunds due to them under oneAct, such as GST, will be applied to amountsowed under another Act, such as excise taxes.

For more details, visit www.cra-arc.gc.ca/tax/business/topics/gst/legislation/menu-e.html.

Anti-Money Laundering BillReceives Royal Assent

O n December 14, 2006, Bill C-25 wasgiven Royal Assent. This federal Act

strengthens the Proceeds of Crime (MoneyLaundering) and Terrorist Financing Act (theAct). Draft regulations to the Act have beenpublished and are currently being amend-ed. Finalized changes will be released overthe course of 2007.The Bill enhances the provisions of theexisting Act by closing gaps in the regime;increasing compliance, monitoring andenforcement; and strengthening FIN-TRAC’s intelligence function.

For key amendments to the Act, go to www.fin.gc.ca/news06/06-055e.html.

Contact information

Contact us toll free: (800) 565-1211

OpportunitiesA mid-sized CA firm, with an HR award-winning, growing practice in Surrey, islooking to increase its depth at the new partner or pre-partner level. The per-fect candidate would be a sole practitioner, come alone from an existing firmor bring the whole firm offering an exit strategy to a retiring partner.

Reply in confidence to Box 105, Suite 300, 1867 West Broadway, Vancouver, B.C. V6J 5L4

FEES AND INSURANCE DEADLINES• Public Practice registration fees are due on or

before July 1, 2007 • Renewal of professional liability insurance is due

on or before August 1, 2007 Invoices for the Public Practice registration fee willbe mailed on May 1, 2007.AON Reed Stenhouse Inc., the Association’s insurer,will send you a renewal notice in June 2007. An administration fee of $150 will be levied for pub-lic practice fees unpaid by July 1. A separate administration fee of $150 for failure torenew and maintain professional liability insuranceby Aug 1 will be levied. If Public Practice registration fees and/or profession-al liability insurance premiums remain unpaid 30days after the due date, the member is withoutnotice deemed to have resigned from public practice

unless written notice of extenuating circumstances isreceived within 30 days from the original due date.Note that member dues are payable on or before July1 each year, after which a $150 administration feeapplies. In accordance with Bylaw B114 (a), if annual duesremain unpaid after July 31, the member is withoutnotice deemed to have resigned from membershipunless the Board has accepted a written notice ofextenuating circumstances. Members who haveresigned are automatically deregistered from publicpractice as a Certified General Accountant.

Contact Akhtar Sadeghi, Public Practice AdministratorPhone: (604) 730-6230E-mail: asadeghi@cga-bc.org

Cindy Turner, CGA, has beenappointed Vice-President,Finance and Administration atCapilano College in North Van-couver. She was chief informa-tion officer at the College andwill retain those job responsi-bilities in her new position.Prior to joining Capilano Col-lege, Turner held positions asthe director of information sys-tems for the B.C. BuildingsCorporation and director ofinformation technology withthe City of North Vancouver.

K U D O S

ou

tl

oo

k

sn

ap

sh

ot

s

22

You rang?CGA-BC President Gordon Clissold, FCGA, and Executive Director BillCaulfield, BA, FCIS, CGA (Hon.), (below) ring the bell as the BC MaritimeEmployer's Association (BCMEA) officially joins our Partners in EmploymentProgram. Clissold is Director of Finance for BCMEA. (Whenever a new partnerjoins the program, the bell rings in the halls of the CGA-BC office.) See thespring edition of Vision 2008 (included with your Outlook magazine) for the fulllist of our more than 25 PEP employers.

Profile of our newest PEP:The BC Maritime Employers Association, currently consisting of 68 member com-panies, represents employer interests with respect to areas such as labour rela-tions, pensions, health and safety and employment equity. The primary purpose

of the Association is toprovide sound labourrelations advice towaterfront employers inBritish Columbia. TheAssociation staff, onbehalf of the Associa-tion's membership,interact daily with repre-sentatives of variousunion locals and theCanadian Area office ofthe International Long-shore and WarehouseUnion. The Associationhandles day-to-daylabour relations matterssuch as Collective Agree-ment administration,discipline, grievancesand arbitration hearings.

President’s Address at UBCUBC BCom students were the guests of honour at a dinner atthe University Golf Club on March 21.About 70 people attended, including over 25 CGAs whoshared their career experience with the students.

Snap

Sho

ts

Photo: Ron Sangha

Photos: Alistair Eagle

This page: (l-r) CGA-BC’s Manager,Evaluation Programs & Liaison, LilyDayson, CGA, with C.Y. Tay, CGA,Director, Finance & Secretary, LeisuraDevelopments; UBC BCom students;Gabrielle Loren, CGA, of Loren & Company, CGAs, Francis Feng, CGA,Controller, Fortune Oil & Gas Inc., and UBC student Katie Lee, Secre-tary of UBC’s Accounting Club.

ou

tl

oo

k

sn

ap

sh

ot

s

23

CGA-BC’s team was in on theaction as Finance MinisterCarole Taylor addressed theprovincial budget lock-up inFebruary. From left to right,First Vice-President PatKeller, BBA (App), CGA; CGA-BC’s Director of Communica-tions, Edward Downing; Pres-ident Gordon Clissold, FCGA;and CGA-BC Executive Direc-tor, Bill Caulfield, BA, FCIS,CGA (Hon.).

Photos: Diana Nethercott

M i l e S t o n e sCharlotte Hog-gard, CGA, andKaren Cameron,CGA, formerlySenior Managers withKPMG LLP haveformed a CGA part-nership. They willshare office spacewith the partnershipof Izard Snell CAs at

707 Fort Street in Victoria.

Kel Lambright, CGA,found a new position asController after a month-long selection process withFortune 200 company,ITW/SIMCO, in Pennsyl-vania.

Anne Ellenberger,CGA, has joined Inter-VISTAS’ Vancouver officeas Manager, AccountingServices. Anne brings tothe InterVISTAS group adiverse background inmanagement and senioraccounting positions that

Budget 2007

Taxpayer Fairness and Service CodeMinister of Small Business and Revenue Rick Thorpe (centre)unveiled the third edition of the Taxpayer Fairness and Service Codein Victoria in February, at a special luncheon with B.C.’s threeaccounting bodies, which, along with several other key B.C. businessorganizations, assisted in the development of the code. CGA-BCPresident Gordon Clissold, FCGA, and Edward Downing attended onbehalf of CGA-BC.

include the forestry, retailand health foods industries,as well as property manage-ment. The InterVISTASGroup is a consulting prac-tice which assists clientssuch as airports, airlines, railcarriers and ports with serv-ices in planning, marketing,regulatory and economicanalysis and strategic advo-cacy.

Andrea Chan, CGA,has joined the Law Societyof British Columbia to con-duct audit investigationsand examinations pursuantto the Legal Profession Actand the Law Society Rules.Prior to that, she was withKPMG Forensic Inc. whereshe gained substantial expe-rience in investigating alle-gations of fraud, quantifica-tion of damages and provid-ed assistance to publicly list-ed companies in their Sar-banes-Oxley complianceprocess.

This page (from top) Laugh-ter with their learning: CGA-BC President Gordon Clis-sold, FCGA, addressed thegroup; Jas Randhawa, CGA,CGA-BC’s Manager, Recruit-ment & Employment, worksthe mic.

ou

tl

oo

k

pa

rt

ing

sh

ot

24

Q Last book you read?A Good to Great by Jim Collins.Q Favourite moment of presidency so

far?A Speaking to the wide-eyed university

students at both the UBC-DAP and UBCSauder School of Business. It was excit-ing to see and feel the energy and theenthusiasm these students have for theopportunities that await them.

Q What do you like best about being president?

A The people I get to meet and having the opportunity to create excitement aboutthe opportunities having a CGA repre-sents.

Q Why did you become a CGA?A While in university, it occurred to me

that every business leader needed toknow how to read and interpret financialstatements. So I became interested inhaving the credibility of an accounting

designation; but didn’t have any interestin public practice. I also liked the factthat I could keep working while I stud-ied, so CGA was a perfect fit for me.

Q What is your favourite vacation spot?A Cabo San Lucas, Mexico.Q What is your vision for your year as

president?A My vision is for the business community

and media to fully recognize CGAs asthe leading accounting designation withthe best-trained business and financeprofessionals. I want the depth andbreadth of our training, knowledge andexperience to precede us, and for thepublic at large to know that using a CGAmeans they have selected the mostqualified and competent accountingprofessional possible. To help achievemy vision requires each of us to active-ly promote CGA to our friends, familyand colleagues and to exemplify the

standards, values and ethics that arethe hallmark of our designation.

Q What’s something about you that would surprise people?

A In my early 20s, I created a custom lim-ousine that was a boardroom on wheelsand operated it as a business calledBoardroom Limousine. The vehicle andconcept were so unique that I got fea-tured on CBC’s Driver’s Seat and DaveGerry did a community interest piece onme for the evening news.

Q What’s on your mouse pad?A At work: the Dell logo.

At home: coffee beans.Q What’s your preference: phone or

e-mail?A I prefer speaking to people directly, but

sometimes e-mail is more efficient.Q Average number of e-mails you get

each day?A 50

P a r t i n g S h o t

Gordon Clissold, FCGA, 2007 CGA-BC President, peruses the provincial budget in Victoria in February. Between his duties as President and as the Director of Finance for the

Waterfront Employers Association of B.C., he took some time to answer a few questions for Outlook.

Photo: Diana Nethercott

DonationDi�erence

Since 1988 the CGA-BC Educational Foundation has been

assisting CGA students through its scholarship and bursary

programs. Adversity or �nancial crisis can mean the di�erence

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 e�orts,

we cannot help all students requiring assistance.

Consider a gift to the CGA-BC Educational Foundation.

Cash – the simplest of all gifts is cash.

Bequest – an identi�ed gift in your will, a legacy to bene�t

future generations.

Insurance – existing or new policies, consider the Foundation

as bene�ciary.

RRSP or RRIF – donate with your retirement savings plan.

Securities and Shares – are ideal donations for individuals

who have much of their �nances tied up in investments.YOUR CONTRIBUTION CAN MAKE THE DIFFERENCE.

Make a

that will Make a

� $1,000 � $500 � $250 � $100 � Other $____________ � I wish to remain anonymous.

� 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 $____________.

I wish to pay by:

Yes, I would like to assist CGA students by making a tax deductible donation of:

My receipt is to be sent to:

Name

Address City / Province

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.

� Cheque (enclosed) � VISA � MasterCard

Card number Expiry

Signature

CGA-BC Educational Foundation

300–1867 West Broadway

Vancouver, B.C.

Canada V6J 5L4

Phone: (604) 732-1211

Fax directly to the Foundation

at (604) 732-1419

Two Ads.indd 1 3/26/2007 10:31:35 AM

Speakers already booked include Deborah Graystone, BSc, CGA, Ed Kroft, LLB, LLM, CGA (Hon.) and Nick Shepherd, FCMC, FCCA, CGA.

New to Conference: PACE Level students and new member networking session Two-day seminar for new managers

VICTORIAConference 2007September 19 to 23

Book your room at the Empress now – ask for the CGA-BC Conference rate. Call (800) 257-7544 or (250) 384-8111.