The Council’s Board of Directors continues to monitor the significant impact of the continuing COVID-19 pandemic on the profession. Member response to the deferral of fourth-quarter membership dues payment for the financial year of the Council ending June 30, 2020 was very positive. Accordingly, the Board took the following decisions at its recent meeting on June 19, 2020:
- One-time 12.5% RCIC membership dues and RISIA registration fees reduction for the financial year ending June 30, 2021 only.
- RCIC annual membership dues for the coming financial year will decrease from $1,809 to $1,583 (quarterly payments will decrease from $452 to $396).
- RISIA annual registration fees for the coming financial year will decrease from $913 to $799.
- Due date for 2020-2021 membership dues and registration fees will be postponed from July 1, 2020 to August 1, 2020.
RCICs that opted to defer payment of the April 1 quarterly payment of 2019-2020 membership dues will still be required to pay the deferred dues in four equal payments starting on August 1, 2020. Quarterly payments for these members will be $509 ($396 + $113 deferred fee repayment) throughout financial year 2020-2021. Members will also have the option to pay the deferred payment at once ($113 x 4 = $452) either by including it in the 2020-2021 full year dues or in the first quarterly payment for 2020-2021.
We also encourage RCICs to inform themselves about the economic assistance that has been announced by the Federal Government: Canada’s COVID-19 Economic Response PlanCanada’s COVID-19 Economic Response Plan
We will continue to monitor this rapidly changing situation and communicate any further information to you as it becomes available. Regardless of financial implications, we remind you that it is imperative that RCICs maintain Professional Liability Insurance at all times.