CGA-BC Richmond/South Delta Chapter Annual Chapter Event recap

On June 25, we held our last Annual Chapter Event as the CGA-BC  Richmond/South Delta Chapter. It was a fun evening with networking opportunities, fundraising activities, and chances to win door prizes.

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Ursula Viney, representing the CGA-BC Board of Governors provided us with an update on the CPA merger.

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Donella Robb informed us of the CGA-BC Educational Foundation.

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Joanne from the Investors Group explained to us the difference of insurance products such as Term Insurance, Whole Life and Universal Life.


Attendees participated in networking activities such as a quiz. The above is a picture of the contest winners.


The above is a picture of the winner of the heads and tails contest.

20140625_191028 20140625_190903 20140625_190644 20140625_190727 20140625_190530Proceeds from the silent auction went to the CGA-BC Educational Foundation. The above are some of the items that were available to be won.






July 1st Ships to Shore Steveston

For the 3rd year, CGA-BC Richmond/South Delta Chapter organized volunteers to participate Ships to Shore Steveston 2014 Event. On Canada Day, July 1, 10 members representing the CGA-BC Richmond/South Delta Chapter volunteered at this event. It is an amazing event with thousands of visitors joins the fun at Richmond Steveston Village.
This event would not have been a success without the involvement from all the volunteers. We truly appreciate the dedication and efforts from those volunteers.  Special thanks to Lynsey Currie from City of Richmond, who worked with our Chapter to organize the volunteer event. And also thanks to the members below for their excellent job in keeping the event safe and smooth.
Donella Robb
Inez Ho
Chee de Visser
John de Visser
Karl Soo Tveita
Jacqueline Ho
Yvonne Zheng
Erin Sunell
Waepril Chua
Kasun Jayawardena
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CGA Richmond/South Delta Chapter Spring Student Night Recap

On May 23, the CGA Richmond/South Delta chapter hosted its final Student Night before the transition to the new CPA chapter structure this September.

Representatives of the CGA-BC Student Services Team delivered an update on the merger and its implications for CGA students and answered questions. This was followed by mingling, bingo, and door prizes.

Some answers to the bingo questions included:

What is the first thing you are going to do after you graduate?

Travel , party, do something fun, shopping.

What did you do to find the right job?

The CGA designation helped as well as the CGA website.  Learning how to write a good resumé is also important.

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2014 Annual Chapter Event and Free PD Seminar

The CGA-BC Richmond/South Delta chapter invites you to join us at the Annual Chapter Event on Wednesday, June 25 for a fun evening with networking opportunities, fundraising activities, and chances to win door prizes.

Date: Wednesday, Jun 25, 2014

Time: Registration and Refreshments: 5:30 pm – 6:00 pm
Event:  6:00 pm – 8:30 pm

Location: Executive Airport Plaza Hotel
7311 Westminster Highway, Richmond

Admission: Free for all CGA-BC and CPABC members and students
Light refreshments will be provided.

CPD: 1 hour

Register here.

Come and meet with the Chapter Board Directors, Chapter Volunteers, CGA-BC staff members, and fellow members and students.  A senior member of the CGA-BC Board of Governors will give us an update on the CPA merger.

All proceeds from the fundraising activity will go to the CGA-BC Educational Foundation.

The evening will also feature a free one-hour PD seminar to be presented by Travis Forman, BA, CFP, FMA.

Travis will go over different types of life insurance products and what makes them different from each other, differences between short term and long term needs, and the life insurance policy that would solve each issue best, such as common estate planning issues for a large tax bill upon death.

CPD Seminar Overview

  • Term Insurance
    • Term 10
    • Term 20
    • Riders and waivers
    • Rates
  • Permanent Insurance
    • Whole Life
      • Participating
      • Non-participating
      • Riders and Waivers
    • Universal Life
    • Term to 100
  • Case Studies

Speaker: Travis Forman, BA, CFP, FMA, Executive Financial Consultant, Investors Group Financial Services Inc.

Travis holds a Bachelor of Arts degree in Economics and Philosophy from Simon Fraser University.  He has the Certified Financial Planner (CFP) designation through the Financial Planning Standards Council and has the Financial Management Advisor (FMA) designation through the Canadian Securities Institute.

His commitment to education led him to create a corporate workshop in 2001, which presents financial planning concepts to employees across the Lower Mainland, including city governments, health boards, school districts, and private businesses.  Over the last few years, Travis has taken his education program one step further by presenting it to several accounting associations and firms, focusing on advanced tax minimization and wealth accumulation techniques.  He is respected and known for his tax minimization and wealth accumulation strategies for Vancouver’s high net worth individuals, families, professionals and corporations.

If you have any questions, please contact us at

CGA-BC Richmond / South Delta Chapter PD Webinars

Taxation of Trusts (Advanced), Part 1 and Part 2

Date: Saturday, June 28, 2014
Registration and Buffet Breakfast: 8:00 am – 9:00 am
Seminar: 9:00 am – 12:30 pm
Location: Executive Airport Plaza Hotel
7311 Westminster Highway, Richmond, BC
Members (CGA/CPA): $45
Non Members: $50
Students: $30
($3 from each registration is donated to the CGA-BC Educational Foundation in support of CGA students and members in financial need)

CPD: 3.5 hours

Register here.

Taxation of Trust (Advanced)
The two-part presentation on the taxation of trusts is intended for an audience with a basic understanding of trust fundamentals.

Part 1 covers three topics:

  • The non-tax uses of trusts, the understanding of which is critical to a tax advisor dealing with trusts;
  • Income splitting strategies and capital gains splitting strategies; and
  • Tax traps — rather than a list of “pitfalls for the unwary,” this discussion will drill down into the relevant income tax rules that can allocate income contrary to the planner’s intentions.

This webcast will assist you to:

  • Understand non-tax reasons for using a trust
  • Understand certain income splitting and capital gains splitting strategies that can be implemented through trusts
  • Be aware of certain tax traps applicable to the use of trusts and how to deal with them
  • Know when to seek expert advice

Part 2 covers three topics:

  • Estate planning using trusts, which includes working through a case study example;
  • The use of testamentary spousal trusts, including when it makes sense to use a “tainted” spousal trust; and
  • The 21-year deemed disposition rule, including strategies for dealing with the 21-year deemed disposition and options when the typical strategies are unavailable.

This webcast will assist you to:

  • Understand the role of a trust in tax-efficient estate planning
  • Understand the planning involved in the use of testamentary spousal trusts
  • Become familiar with strategies for dealing with the 21-year deemed disposition rule
  • Know when to seek expert advice

Richard Wong, LLB, received his Bachelor of Law degree from the University of British Columbia, where he finished in the top of his class and received several awards for his academic achievement. Richard was called to the British Columbia Bar in 2003. Prior to joining Thorsteinssons in 2004, Richard articled at a large national law firm in Vancouver.

He assists individuals and corporations with their domestic and international tax planning and also represents clients who have disputes with the Canada Revenue Agency.

In his civil litigation practice, Richard advises and represents clients with respect to Canada Revenue Agency audits and appeals and has appeared in tax-related cases before many courts, including the Tax Court of Canada, the Federal Court of Canada, and the Federal Court of Appeal.

Richard has lectured on various aspects of taxation law at conferences, meetings, and courses attended by members of the Canadian Tax Foundation, the Law Society of British Columbia, and the Canadian Bar Association — Immigration subsection (BC).

Richard has completed Parts I, II, and III of the Canadian Institute of Chartered Accountants’ In-Depth Tax Course. He is a member of the Canadian Tax Foundation, the Canadian Bar Association, and the Law Society of British Columbia.

Josh Schmidt, LLB, received a Bachelor of Commerce degree (specialization in Entrepreneurship) from the University of Victoria in 1997, and received his Bachelor of Laws degree from the University of Victoria in 2006.

Prior to joining Thorsteinssons, he practiced securities law at a national law firm. He was called to the British Columbia Bar in 2007 and is a member of the Canadian Bar Association tax subsection, the Canadian Tax Foundation, and the Vancouver Bar Association. Josh has completed Parts I and II of the Canadian Institute of Chartered Accountants’ In-Depth Tax Course.


Volunteers Needed for Ships to Shore Event on July 1

Ahoy CPAs! Volunteers Needed for Ships to Shore Steveston Event

The Richmond/South Delta chapter of CGA-BC is seeking skilled and enthusiastic CGA, CA, and CMA members and students to volunteer for the Ships to Shore 2014 event to be held in Steveston Village, Richmond, from Sunday, June 29 – Tuesday, July 1.

This event, in its fourth year, which relives the days when Richmond’s Steveston Village was a major port-of-call for fleets of sailing ships from around the world, takes place at Imperial Landing and the Britannia Shipyards National Historic Site. For more details click Ships to Shore.

The following volunteer positions are available:

• Dock entrance/exit control
• Visitor line up
• Crowd control.

Date: Tuesday, July 1
Time: noon – 6:00 pm
Location: Steveston Village, Richmond
Volunteer Shifts:  11:30 am – 3:15 pm and 3:00 pm – 6:45 pm (two shifts / each volunteer)

If you are interested in helping out and being a part of this fun volunteer activity on Canada Day, please respond ASAP to

Please put Ships to Shore Volunteer in the subject line so that your email will not be deleted unopened.


CGA-BC Richmond/SD Chapter & Vancouver Chapter Joint Social Event May 4, 2014

Last year, both the CGA-BC Vancouver and Richmond chapters hosted their own separate badminton events. This year, the two chapters joined forces to present the May 4, 2014 Joint Badminton Social! This event was held at the Richmond Pro Badminton Centre on Minoru Boulevard. There were 48 members, including volunteers, attended this amazing event.

This was a casual and friendly occasion, providing members with a good opportunity to network and socialize. The attendees were playing badminton with each other, chatting and laughing. Some members made new friends, and organized their own badminton group through the event. The chapter committee also organized a prize draw, which created more fun and excitement at this social event.

Special thanks to those volunteers from both chapters. It was a wonderful and memorable event.

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Wanted: Volunteers for 2014 and Beyond

Volunteer service benefits the entire membership by helping to sustain and build our profession. CPABC is seeking your participation to join the Richmond/South Delta chapter and serve on the Chapter Board or various Chapter Committees. Serving on a Chapter Board or various Chapter Committees is a great way to get involved and meet with fellow CPA members and students.

CPABC chapters are a useful link between the provincial body and its members and students, providing a local presence for the profession and delivering programs. CPABC chapters undertake a broad range of activities in their local communities aligned with the profession’s overall mandate to provide many varied opportunities to serve the needs of members and students.

The mandate of CPABC chapters includes:

  • Serving as an important link with the professional body;
  • Networking;
  • Professional and personal development;
  • Local community involvement; and
  • Mentorship/recruitment.

The RSD chapter is seeking board members and volunteers to assist with organizing:

  • Professional learning and development events;
  • Social and networking events;
  • Communications to members, including upcoming events and volunteer opportunities; and
  • Presentations at high schools and representing CPABC at local recruitment events.

Please complete the Chapter Board Volunteer Application Form and return it to by May 16.


CGA-BC Richmond / South Delta Chapter Spring 2014 Student Night

The CGA Richmond/South Delta chapter is hosting its final Student Night before we transition to the new CPA chapter structure this September!

Representatives of the CGA-BC Student Services Team will deliver an update on the merger and its implications for the CGA students, discuss issues, and answer questions. This will be followed by a structured activity providing great opportunities for the students and members to mingle and share experiences.

There will be light refreshments and door prizes! Also, as part of the merger process, the invitation to attend is now extended to CA and CMA students and members and CPA students.

This is a free event; however, registration is required. Register Here.

**New Hotel Parking Policy**

If you are parking at the Executive Airport Plaza Hotel you will need to register your vehicle license plate through our event registration.

We hope to see you there!

March 29th donations to the Richmond Public Library

CGA Richmond / South Delta Chapter members generously donated 77 books and 28 DVDs/ CDs during the March 29th seminar on Family Trust & Estate Planning.

Books include classics, dictionaries, historic books, popular novels, science books and even multilingual books.

We were warmly received when we delivered these donations to the Richmond Public Library Brighouse Branch. They informed us that donations were one of the main funding sources of public libraries.

At the same time, we noticed that the library received large volume of donations from a variety of organizations and families in our community. Members, when you and your family utilize resources from the public library, you will be proud of being generous.

Any donated items not used by the Richmond Library will go towards the ongoing used book sales by Friends of the Library. All proceeds will help make low-cost reading available to everyone as well as raise funds for special library projects.

Thank you everyone!

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