Trust Funds

As part of the CPA Alberta Rules of Professional Conduct, Alberta CPAs may be required to file information with CPA Alberta in respect to trust funds and/or fees held in advance.

Trust Funds

Any Alberta CPA or professional accounting firm that administers trust funds or other trust properties must file  a report with CPA Alberta on the administration of all trust funds and other trust properties. This report is due within 90 days of the firm’s year end, or by March 31 for individual CPAs.

Fees Held in Advance

Any retainer received for the provision of future services are treated as funds held in trust, except if an appropriate retainer agreement is in place. This means that any retainers, with the exception of retainers that are subject to a retainer agreement, are subject to the same filing requirements and deadlines as trust funds.

Generic Retainer Letter Download the Form

Please submit completed forms to CPA Alberta at trustfilings@cpaalberta.ca.

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