Financial and Insurance

CPABC – Education Foundation

The Chartered Professional Accountants’ Education Foundation of British Columbia (CPAEF) offers scholarships and/or bursaries to members and students in the following categories:

Students enrolled in the CPA Preparatory Courses and CPA PEP

The CPAEF offers bursaries to students in the CPA Preparatory Courses and the CPA Professional Education Program (PEP). Students in CPA Preparatory Courses can apply for a bursary if they have completed and passed at least two courses offered by the CPA Western School of Business (CPAWSB) in the preceding year. CPA PEP students can apply for a bursary once they are registered in CPAWSB Core Module 1 or the MPAcc. program at the University of Saskatchewan. These bursaries are based on financial need and open to CPABC students.  

In addition, there are a number of named bursaries for students in CPA Preparatory Courses or PEP who are in financial need, require assistance to purchase computer equipment, or who are single parents (or raised by a single parent) or recent immigrants.  More about the awards.

CPA Members accepted into MBA programs

CPABC members in financial need who have been accepted into a Masters of Business Administration (MBA) program at a recognized university and who have an intent to teach in academia, can apply for a bursary which is worth up to $2,500. The completed application form, along with a transcript of marks of an undergraduate degree or professional certification, evidence of acceptance into the MBA program, a letter of academic reference, and cover letter explaining the reasons for requesting financial assistance, can be submitted to the CPAEF.  More about this award.

Doctoral Support Program

The Doctoral Support Program is designed to assist CPABC members pursuing doctoral studies for a teaching and research career in accounting, assurance, or taxation. The Program provides select candidates with loans up to a maximum of $10,000 per year for up to four years (which may be forgivable if the candidate successfully earns a doctorate within five years of commencing the doctoral program, and teaches accounting at a BC university immediately upon completion of the doctorate, with one year of teaching for each year of support).  Doctorial Support Program details.

To apply for doctoral support, contact the CPAEF.

CPA Professional Liability Plan Inc.

For over two decades, CPA Professional Liability Plan Inc. (formerly AICA Services Inc.) has been proud to serve the professional liability insurance needs of Chartered Professional Accountants. Through the combination of self-administration and self-insurance, CPA members have been granted immediate and continuing administrative cost savings and efficiencies as well as greater flexibility to adapt and respond to the vagaries of the insurance market.

CPA Professional Liability Plan Inc. (formerly AICA Services Inc.) is owned by the CPA profession. Its operations continue to be overseen by our peers in the CPA provincial bodies to ensure that it maintains a high level of service for CPA members. The policy is negotiated annually by AON Reed Stenhouse Inc. and includes the following coverage:

• Not for Profit directors' and officers' liability coverage of $1 million at no additional cost for qualifying boards;

• Deductible reduction if an engagement letter is used or a claim is successfully settled using an alternative method of going to court;

• Coverage for traditional and non-traditional services including coverage for public company-related services;

• Defense costs in addition to the policy limit;

• Innocent partner coverage.

Upon request, your policy can also be tailored to fit your needs.

Visit the CPA Professional Liability Plan Inc. website to find out more.

WorkSafeBC – Personal Optional Protection Insurance

Personal Optional Protection (POP) is optional workplace disability insurance for individuals not automatically covered under the Workers Compensation Act (such as a sole proprietor of a registered firm or business). POP will cover your lost salary and medical expenses if you are injured on the job or if you contract a disease as a result of your work. POP coverage may be your only source of income if you are unable to work due to a work-related injury. Be sure you apply for enough POP to cover your gross monthly earnings. To find out more, visit the WorkSafeBC website to determine your cost of coverage and answers to other FAQs.