Description: Updated; 2nd Release Originated: CPA New Brunswick Reviewed: CPA New Brunswick Staff Approved: CPA New Brunswick Board October 12, 2016 To download a copy of the Fees Waiver/Reduction policy, please click HERE. In order to recognize contemporary economic and social conditions, the Board of Directors has established a Fees Waiver/Reduction Policy that applies to the provincial portion of the annual member fees and may apply to National fees. CPA Members may apply for waiver/reduction of Member fees, but such applications do not guarantee waiver/reduction will be granted. All waiver/reduction approvals are valid for one year only; if CPAs wish to extend the period of waiver/reduction of fees they must re-apply annually. Requests must be evidenced by appropriate supporting documentation. FEES WAIVER Maternity/Long-term parenting/Caregiving leave: CPAs devoting full-time efforts to family for an uninterrupted period of no less than one year and no more than five years may apply for a waiver of 100% of Member fees. For the purpose of this waiver, family includes spouse, children, siblings, parents, or parents-in-law. Medical leave: CPAs suffering from long-term illnesses or disabilities that preclude them from participation in the work force may apply for waivers of 100% of Member fees. Retirement: CPAs who were at one time qualified for membership as an active Member and are no longer in active employment as a CPA are 100% exempt from Member fees. As many individuals return to work after retirement, an application for waiver of fees will need to be completed for the first 5 years after retirement. Education leave: CPAs in full-time attendance in a degree program for at least two consecutive terms at a recognized University or College may apply for a waiver of 100% of member fees. Members who are full-time students at a recognized University or College for one semester only may request a deferral of the member fees without penalty. Temporary unemployment: A Member in good standing may request a deferral of fees up to a maximum of 6 months. This request must be made before March 31st of each year. Once the Member is back to work, he/she must submit all fees without penalty. A Member that is still unemployed for a period exceeding 6 months may request a waiver of 50% of provincial fees. This exemption may also be applicable to National fees. Other: Any other request will be reviewed by the Board of Directors for final decision, but must be submitted no later than March 31st of each year. FEES REDUCTION Upon application Provincial and National fees would be reduced to 25% if: a) A Member earns less than $20,000 from employment or self-employment per year, and b) The sum of the age and years of Active Membership in good standing is equal to or greater than 90. or Provincial and National fees would be reduced to 50% if: a) A Member earns less than $20,000 from employment or self-employment per year, and b) The sum of the age and years of Active Membership in good standing is equal to or greater than 65.