Members who continue to be engaged in
public practice after retirement, whether
as employees or owners, will not qualify
for a CPD exemption, regardless of their
age or income threshold
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26 CPABC in Focus • May/June 2016
“Other regulated services” refers to any
services not constituting public accounting
services that are included in the following,
as defined in Bylaw 100:
a) providing an accounting service
involving summarization, analysis,
advice, counsel, or interpretation, other
than an accounting service that is part
of but incidental to the provider's
primary occupation which is not
accounting;
b) providing a forensic accounting,
financial investigation, or financial
litigation support service;
c) providing advice, counsel, or
interpretation with respect to taxation
matters;
d) preparing a tax return or other statutory
information filing; and
e) any other services described in the
regulations.
Note that members who continue to be engaged in public practice after retirement,
whether as employees or owners, will not
qualify for a CPD exemption, regardless of
their age or income threshold.
4. I’ll be retiring from my current
job soon, and a CPA firm in my
community has asked if I’d
consider working for them parttime. Would I still qualify for a
dues waiver and a CPD exemption
if I work part-time?
Working part-time does not automatically
preclude you from qualifying for a dues waiver or a CPD exemption. You might qualify
for dues waiver but not CPD exemption, for
example.
If you’ve qualified for a Long-Term Member
dues waiver (see #1), there’s no income
threshold. If you’ve qualified for a Retired
Member dues waiver, you would still qualify
for this waiver even if you take on part-time
work, as long as your active income is less
than the indexed threshold at retirement
and in all subsequent years after meeting the
age criteria.