Financial Hardship Status

Requests for waiver or deferral based on financial hardship are reviewed on a case-by-case basis each year.  The onus is on the member to demonstrate that payment of fees would cause or aggravate financial hardship.  The member is expected to provide sufficient information to the Institute’s Membership Committee to enable an informed judgement to be made as to the extent of financial hardship, whether fees should be waived or deferred, and whether such relief should amount to the full fee or only a portion thereof.
 
Information required to make the above judgement would include the following:

• circumstances which have caused financial difficulty;
• action taken, or contemplated by the member, to remedy the situation;
• information concerning personal financial resources (such as savings, other sources of income, etc.); and financial obligations;
• information concerning combined household income and financial resources;
• other pertinent information

The Membership Fee Reduction Request must be accompanied by the Schedule 1 - Declaration of Financial Hardship. Both must be completed and submitted to the Institute by June 15th if you are requesting financial hardship status. Out of respect for the member's privacy, the declaration is submitted to the Institute, reviewed by the Director of Regulatory Affairs and Membership Committee Chair and a recommendation is then made to the Membership Committee without the member's name.

For further information please contact Cheryl Arsenault, Membership Registrar, 902.425.3291.

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