Membership Special Status

Retiree Fee

A Member can obtain “Retired Member” status with the Institute, provided that all the following conditions are met:

  • The Member is at least 55 years of age;
  • The Member does not perform business valuation and related financial services, as determined by the Institute and hereafter defined;
  • No person or entity relies upon, or could be reasonably be seen to rely upon, the Member’s knowledge or expertise by virtue of their being a CBV; and
  • The Member does not have active income greater than $50,000 in a year.

“Active Income” means gross income from all employment or director’s fees, and/or net income from self-employment. Active Income does not include employment insurance benefits, pension income or other retirement income, investment income, support payments, or disability income. Active Income is based on individual earnings, not family earnings. All other sources of income will be considered “active”.

Parental/Family Care Waiver

A Member who is not working and parenting or providing full-time care to an elderly or ill family member pays a reduced fee equal to 50% of the annual Member fee, for a cumulative maximum of five years, if:

  • The Member is not performing business valuation and related financial services, as
    determined by the Institute and hereafter defined; and
  • The Member is providing full-time care for a child who is under the age of 16 and residing
    at the home of the parent; or
  • The Member provides full-time care for elderly or ill family members who are unable to
    care for themselves.

Disability Waiver

A Member who is in a long term disability and who does not perform business valuation and related financial services, as determined by the Institute and hereafter defined, during such time, pays a reduced fee equal to 50% of the annual Member fee provided that the Member provides to the Institute documentation from an appropriate licensed medical practitioner that confirms the diagnosis of the disability, its expected duration and the impact on their ability to earn income from their employment/self-employment.

Educational Waiver

A Member who attends a university on a full-time basis and who does not perform business valuation and related financial services, as determined by the Institute and hereafter defined, during such time, pays a reduced fee equal to 50% of the annual Member fee provided that the Member certifies to the Institute at the time of application for an Educational Waiver, and each year thereafter, as to the adherence to the above-noted conditions.

Financial Hardship due to Unemployment

A Member experiencing financial hardship due to being unemployed when the Member fees are payable and who has been, or who anticipates being, unemployed for a period of six months, may, upon request, upon so certifying and at the Institute discretion, pay a reduced annual Member fee. If the Member is employed before the six-month period of anticipated unemployment has elapsed, the Member is obligated to so inform the Institute and the fee reduction will be rescinded. This reduction can be available to a Member a maximum of three times.