Engineers and Geoscientists BC’s Council approved the 2018/2019 operating budget, which will introduce a $35 membership fee increase effective January 1, 2019. This represents a 9% increase, raising the annual fee for a professional membership from $399 to $434, including taxes.
“After three years of keeping fees flat, we’re increasing fees to make sure our organization continues to be responsive to the demands placed on us as a professional regulator,” said Engineers and Geoscientists BC President Caroline Andrewes, P.Eng., CPA, CMA. “Council had a thorough discussion, and we recognize that any increase has an impact on our members. We remain committed to regularly reviewing our budget in an effort to keep future increases as low as possible.”
There are a number of increases to the organization’s costs that the fee increase accounts for. These include a necessary catch up with inflation, as well as the new employer health payroll tax that will replace MSP. These two items account for approximately half of the necessary increase. The remainder of the increase supports critical business function risk mitigation such as business continuity, security, and privacy compliance; and to support new initiatives included in our strategic plan, such as encouraging the participation of women in our professions through the 30 by 30 initiative.
This will be the first fee increase since 2015.
For more information on the fee increase, visit our webpage on Responsible Financial Management.