In this issue

Volume 39, Issue 1 | Spring 2014

The Canadian Institute of Chartered Business Valuators 277 Wellington St. West, Suite 710 Toronto, ON M5V 3H2 Telephone: (416) 977-1117 Fax: (416) 977-7066 E- mail: admin@cicbv.ca www.cicbv.ca

Published by the Institute to inform Members of CICBV activities and developments in the business valuation field. (ISSN 0703 - 1939)

EDITOR: Sue Loomer, CBV

ValuatorThe Business

1

Message from the EditorDear Members and Registered Students,

Welcome to another edition of The Business Valuator newsletter. The CICBV has been very busy over the last few months with many ongoing projects and events.

As chair of the Communications and Marketing Committee, I am excited to see the 2014 marketing initiatives unfold. We will be launching a new market-ing campaign in 2014 directed toward lawyers and other financial advisors. For many of our members, these professionals are often the first to identify situations that require valuation and damages expertise.

As part of this initiative, you will continue to see our ads in the Globe and Mail, as well as select trade journals that specifically reach our target audience.

Our 2014 Awards Program is in full swing. If you know of a CBV who is outstanding and should be recognized and rewarded for his or her contributions, please nominate them.

The CICBV is in the process of becoming a more bilingual organization. As I’m sure you can appreciate, this will take some time and resources to achieve, but we are proud to be taking this next step.

The CICBV is hosting the 2014 Joint ASA-CICBV Business Valuation Conference in To-ronto this year. There are many great speakers and topics lined up and you are sure to get a lot out of it. Register early to take advantage of the early bird offer.

I would like to congratulate the 23 recently accredited Members! I hope you will find that becoming a CBV will provide you with a very interesting and rewarding career.

I trust you will find this issue informative and as always, we appreciate your feedback. Please do not hesitate to contact the Institute with your comments!

Sincerely,

Sue Loomer, MAcc, CPA, CA, CBV Chair, Communications Committee

Message from the Editor

Member Recognition Awards – Top CBV Under 40 Award — In Memory of David Cornfield

– Communicator Award – Life Membership

Important information for Members – Mandatory Continuing Education – Membership Fee – Stay Informed — update your contact information!

Important Information for Students – 2014 Member Qualification Examination (MQE)

– Spring/Summer Registration

Committee Reports – Communications Committee – Continuing Education/Events Committees – Education Committee – Publications Committee

Announcements, Appearances and Accolades

Writer’s Edge

LinkedIn Tips — Is Your Firm Missing Out on Opportunities?

Marsh Insights

Advertisements

Volume 39, Issue 1 | Spring 2014

The Business Valuator

2

Member Recognition AwardsThe CICBV is currently accepting this year’s nominations for the awards listed below to rec-ognize our Members. We encourage you to nominate your fellow Members who you feel have made a significant contribution to the business valuation profession.

Please refer to the Member Recognition section of our website for criteria and nominating information for each award.

Top CBV Under 40 Award — In Memory of David Cornfield The CICBV Top CBV Under 40 Award, sponsored by Deloitte & Touche LLP, in memory of David Cornfield, CA, CBV, is intended to recognize younger CBVs who have demonstrated success in a broad diversity of interests, brought distinction to the profession and given outstanding service. Their successes will be a combination of professional and personal life endeavours.

Read more about David Cornfield here.

Communicator AwardThe CICBV Communicator Award is granted each year to a deserving CBV who has undertaken communication activities and actions that have had a beneficial impact on the promotion of the business valuation profession in Canada to non-CBVs.

Life MembershipAny Member in good standing, who is no longer actively engaged in business valuations and does not intend to further pursue the profession, who, in the opinion of the Board of Directors, has rendered distinguished service to the business valuation profession may on resolution of the Board of Directors be designated as having a Life Membership in the Institute.

Nominations must be submitted by April 30, 2014, by e-mail, fax or mail, to:

Allister Byrne, FCA President & CEO The Canadian Institute of Chartered Business Valuators 277 Wellington Street West, Suite 710 Toronto, Ontario, M5V 3H2 Fax: 416-977-7066 Email: byrnea@cicbv.ca

For more information, please contact Megan Kennedy at kennedym@cicbv.ca or 416-977-1117 ext. 228

Volume 39, Issue 1 | Spring 2013

The Business Valuator

3

Important information for Members Mandatory Continuing EducationThe deadline for reporting was March 31, 2014, if you have not yet submitted your compliance report, please do so ASAP!

For the 2011, 2012, 2013 period due to be reported in 2014 Members have the following op-tions to submit their Continuing Education Compliance report.

1. Members can continue using the tracking system by entering their events attended throughout the year. If you have the required hours in the tracking system, you do not need to complete the compliance form.

2. Fill out a compliance report. The new compliance form will no longer require Members to enter their hours completed, but rather to confirm they have read the Continuing Education Policy and have completed the required hours for the three-year period.

Please keep in mind that:

• Members are responsible for tracking their continuing education hours, including the re-cording of structured and non-structured hours, and the maintenance of supporting docu-mentation. Members are not required to submit their records unless requested by the Institute.

• The Institute will randomly conduct Member audits to ensure that all members comply with the mandatory continuing education requirements. The first audit process will begin in 2015.

If you have any questions, please contact Judith Roth at rothj@cicbv.ca or 416-977-1117 ext. 226.

Membership FeeMembership fee invoices were uploaded to Member profiles on January 1, 2014. The Institute has also sent payment notices by email.

If you have any questions please contact Judith Roth at rothj@cicbv.ca or 416-977-1117 ext. 226.

Stay Informed — update your contact information!The Institute wants to keep members and students informed. Please help to keep the Insti-tute’s records current by updating your contact information. As a Member or Registered Stu-dent, you have three convenient options to update your information:

• Go to: www.cicbv.ca, sign in and update your information under Personal Information,

• E-mail: admin@cicbv.ca, or

• Phone: 416-977-1117 ext. 0.

Volume 39, Issue 1 | Spring 2014

The Business Valuator

4

Important Information for Students2014 Member Qualification Examination (MQE)The date for this year’s MQE is Monday, September 22, 2014 and will be four hours in duration. Registration for the exam opened on February 10, 2014. Registrations to write the 2014 MQE will not be accepted after June 15, 2014.

If you have any questions regarding the MQE application process, please contact Deborah Pelle at 416-977-1117 ext. 222 (pelled@cicbv.ca).

The 2015 MQE will be written on September 21, 2015.

Spring/Summer RegistrationRegistration for the Spring/Summer 2014 semester will be available starting April 22 and it will close on May 26, 2014. You may register online here after April 22.

Committee ReportsCommunications Committee2014 Branding and Marketing CampaignThe Board of Directors has shifted the focus of our campaigns to the gatekeepers and advisers while also continuing to reach our traditional audience of business owners and the “C-suite”. Highlights of the plan are as follows:

SponsorshipThis year the committee will be adding sponsorship as a new initiative to provide an opportunity to more directly reach our target audience.

AdvertisingContinuing this year will be advertising in the Globe and Mail (two campaigns with a blend of both online and print). This has been a positive initiative and we look forward to ongoing expo-sure in the national paper.

In addition to advertising in the Globe, the Institute will also be advertising in select trade magazines, such as Canadian Lawyer, in both online and print.

Social Media ExpansionSocial media is a cost-effective way for the CICBV to increase the profile of the profession, and we will be expanding our use of this media in 2014.

Volume 39, Issue 1 | Spring 2013

The Business Valuator

5

Recent Presentations & University Events• January 16, 2014: CBV Steven Rayson participated in the MESA CBV Information Session

• January 17, 2014: Four CBVs participated in the Queen’s Conference on International Busi-ness: Becky Seidler; Bart Dziarski; Steven Rayson; Bob Boulton

• January 23, 2014: CBVs Steve Harrar and Alana Geller represented the CICBV in the John Molson School of Business Designations Fair

• January 28, 2014: CBV Marc Hoffort spoke at the Edwards School of Business, University of Saskatchewan

• February 4, 2014: CBV Bobby Hinduja facilitated the CBV Case Competition Information Session

• February 11, 2014: CBV Rebecca Pang spoke at the MESA Designation Night (Scarborough)

• February 7, 2014: The CICBV hosted a case Competition at Ryerson University the judges were as follows: Judge 1 – CBV Bobby Hinduja Judge 2 – CBV Adam Foley Judge 3 – CBV Bob Boulton Judge 4 – CBV Patricia Harris Judge 5 – CBV Richard Davies

• March 6, 2014: CBV Jason Kwiatkowski spoke at a Wilfrid Laurier Accounting Association event

• March 5, 2014: CBV Nick Rotundo spoke at a Ryerson/CBV Accounting Club Info Session

• March 13, 2014: CBV Nick Mastroluisi presented at a McMaster/CBV Accounting Club Info Session

• March 14, 2014: CBV Jennifer Liu presented at Ryerson Accounting Reach for the Top Executive Night

• March 15, 2014: CBV Christine Sawchuk was a judge at the Fast Pace to the Case at McMaster

The CICBV wishes to thank all of the volunteers who participate in these events and encour-ages you to volunteer in the future.

Continuing Education/Events CommitteesUpcoming Events2014 Joint ASA-CICBV Business Valuation Conference

WE’RE TAKING BV EDUCATION TO NEW HEIGHTS

World-class only begins to describe the lineup of conference speakers to be featured at the 2014 ASA-CICBV Joint Business Valuation Conference. ASA & CICBV have assembled an impres-sive roster of internationally acclaimed and renowned experts in the BV profession, including:

• Justice Donald Bowman

• Aswath Damodaran, Ph.D.

• John K. Paglia, Ph.D.

• Steven M. Davidoff, J.D.

• Pablo Lopez Fernandez, Ph.D.

• Partha S. Mohanram, Ph.D.

Volume 39, Issue 1 | Spring 2014

The Business Valuator

6

Visit our Conference web page now for EARLY REGISTRATION RATE of $950 and to find impor-tant information:

• Online Registration

• Conference Fees

• Hotel Information

• Travel options — links to 3 airlines providing conference discounts

• Conference Agenda — 15 content-rich concurrent sessions on a wide-range of topics

• Conference Organizing Committee

cicbv.ca/events/2014-asa-cicbv-business-valuation-conference/

Webinars

Date Topic Presenter

04/01/14 Business Succession: Exploring Tax Planning Opportunities & Potential Transaction Pitfalls

Chris Polson, MBA, CPA, CMA, CFA, CBV Vice President, Duff & Phelps & Nathan Wright, MTax, LLB Partner, Cadesky & Associates LLP

04/24/14 Appraisal Reports: More Than Just Value Nathalie Roy-Patenaude, AACI, P.App, Director-Counsellor, Professional Practice

04/24/14 Using the Empirical Method for Determining DLOMs

05/08/14 Making Time Work for You Harold Taylor, CEO Harold Taylor Time Consultants Ltd.

Workshops/Seminars Date Location Workshop Title Presenter

04/02/14 Calgary Social Evening to Recognize New Members

04/03/14 Quebec L’impact des conventions d’actionnaires sur la valeur de l’entreprise

Associés chez BCF, avocats, François Lefebvre et Stéphan Charles-Grenon

04/10/14 Toronto Business Development Bootcamp: Refine Your Approach to Building a Solid Client Base

Lisa von Massow, Sandler Training Hamilton

CFA Courses/EventsDate Location Workshop Title

04/24/14 Ottawa CFA Society Ottawa 2014 Annual Forecast Dinner

To register for any of the upcoming workshops, seminars or webinars, please go to cicbv.ca/events/

Volume 39, Issue 1 | Spring 2013

The Business Valuator

7

New CBVs at the Vancouver workshop on January 22, 2014(L-R new CBVs Alex Wong, Doug Ryder, Saam Bandari, Henry Twidale,

Johnny Lai and CICBV Board Member, Keith Jensen)

Archived Webinars The CICBV has a number of webinars that have previously been recorded available for purchase online.

Interested in presenting?Are you a subject matter expert? If so, we’d love to hear from you. We welcome proposals for webinar topics that would be of interest to other Members and Students. Presenting is easy— you can do it right from your own office; CICBV staff will walk you through a demo ahead of time and provide technical and administrative support during your webinar. Please contact us if you are interested in becoming a presenter, or finding out more details.

Education CommitteeThe Education Committee and the CICBV wish to recognize the following individuals for their involvement in the rewrite of the Program of Studies. The Institute appreciates all of the hard work and effort that went into producing the new course material.

Brad Borkwood bluepoint ValuationsJohn Carruthers Grant ThorntonPaul Gill Borealis Infrastructure ManagementRichard Ginsberg DeloitteSandy HarrisDavid Holmes CICBV Academic AdvisorDan Jennings Raymond YuillHoward Johnson Campbell Valuation PartnersMegan Kennedy CICBVLauren Kirshner Lauren Kirshner Writing and EditingLuc Lafontaine DeloitteScott Lawritsen Clark Valuation GroupPrem Lobo Cohen Hamilton StegerSue Loomer Campbell Valuation PartnersPierre Maille PWCChris Milburn FTI ConsultingNora Murrant ICAOIsabel Natale CICBV

Volume 39, Issue 1 | Spring 2014

The Business Valuator

8

Charlene Rodenhiser PWCMike Rudanycz Sun Life FinancialChristine Sawchuk Duff & PhelpsRon Scott E&YSean Smith DeloitteMark Weston KPMGRuby Williams DeloitteChris Wunder CRA

Publications CommitteeCase reversal: Valuation Law Review — Family Law EditionThe decision of Lightle v. Kotar, which was reported in the Valuation Law Review—Family Law Edition, Volume 19, Issue 1, has now been reversed by the British Columbia Court of Appeal. As an update to what was previously reported in the Valuation Law Review, the following informa-tion is provided about the appeal.

In a two-to-one split, the court held that an investment adviser’s “book of business” is a “family asset” capable of division. It rejected the trial judge’s opinion that a family asset would have to be marketable at the time of the triggering event. The majority remitted the case back to the trial division in order that evidence as to its value could be led. A dissenting judge disagreed. The dissenter concluded that the trial judge was correct in concluding that if the investment adviser intended to continue in business, the asset could have no divisible value. To the extent that the book of business was akin to “goodwill”, its value could not be realized until the ad-viser’s retirement or death.

Announcements, Appearances and AccoladesAppearancesOn December 11, 2013, CBV Roy Fabbiani presented to a group of Ontario Personal Financial Planners from the Mosaic Financial Group. The presentation was 2.5 hrs long at the Hockley Resort and covered valuation/price concepts and related tax issues in relation to buying and selling a business.

In February, 2014, CBV Anish Chopra was a speaker at the RealCapital Conference in Toron-to, Ontario, where he discussed real estate valuation and investment issues. In the same month, he also spoke at the CFA Society of Toronto’s Equity Investment Symposium. In January, 2014, Anish was interviewed by the FinancialPost.com on Canadian equity markets. In January and February, 2014, Anish’s thoughts on the Canadian investment landscape were quoted in the Globe & Mail and the Washington Post.

Volume 39, Issue 1 | Spring 2013

The Business Valuator

9

AccoladesCBV Paul Maarschalk has been appointed Chair of the Economic Development Commission of the Central Okanagan for 2014.

CBV Tom Strezos has been named to Who’s Who Legal’s “Legal Marketplace Analysis: Investi-gations Experts” list for 2014

Are you participating in an event, donating your time to a good cause, or have some news to share? Please let us know — we would like to mention you or your event in the Newsletter. Contact Megan Kennedy at kennedym@cicbv.ca

Writer’s Edge By Ingrid SaponaWelcome to Writer’s Edge — a column by Ingrid Sapona, owner of Good with Words. In her col-umn, Ingrid will write about ways of improving your communication skills. Many of you already know Ingrid — she’s been working with the CICBV and CBVs for more than 10 years and is the creator and presenter of the popular seminar: Valuation Reports and Opinions: Your Stock In Trade — Are they as clear as can be?

Confusing Quotation MarksOn vacation I saw a sign on the side of a building that confused me. It’s not that I couldn’t read the sign — all the words were in English. I was confused by what the sign writer meant.

Here’s what the sign said:

“For Sale”

(with a local phone number immediately below the words)

Can you tell what caused my confusion? It was the use of the quotation marks.

Given that I was in Mexico when I saw the sign, I suspect the use of quotation marks was an in-nocent — in some respects, charming — mistake likely made by someone whose first language is not English. Had the sign been up someplace in Canada, however, inclusion of the quotation marks would muddy an otherwise simple interpretation of the words: For Sale.

Given that this column isn’t intended for Mexican sign writers, you may think that I’m getting hard up for column topics. Far from it. I offer the anecdote about the sign as a way of raising what I think is an important topic: the overuse — and often misuse — of quotation marks around words and phrases.

Indeed, I see so many quotation marks around words and phrases in business writing that I don’t think people realize that using quotation marks can actually be misleading or confusing to readers (not to mention irritating). So, I thought I’d review the rules and standards around using quotation marks.

Ways People Interpret Words in Quotation Marks The primary use for quotation marks is to indicate that the words inside the marks are some-one else’s words. For example, a newspaper story about a press conference might report that the company’s CEO said, “I’m willing to stake my reputation — and bonus — on the idea!”

Volume 39, Issue 1 | Spring 2014

The Business Valuator

10

Quotation marks used other than to signify an actual quote of someone or something are known as “scare quotes” (at least they are in writing and editing circles). Scare quotes are pret-ty much the print equivalent of air quotes. (Air quotes are the hand gesture people sometimes use when speaking to mimic the appearance of quotation marks).

Here are the most widely accepted meanings for scare quotes, along with examples illustrating the different uses:

• To indicate irony — for example: Thanks to tax “relief” proposals introduced last year, I’m paying more taxes now than last year. The irony comes from the fact that paying more in taxes is not a relief.

• To imply something — for example: He’s a “friend” of the mayor. Here, without knowing a bit about the writer’s views or thoughts, the poor reader is clueless as to what the writer’s getting at. (Don’t you just get the sense that if someone were to say that line to you, they’d whisper it and it’d be accompanied by a nudge and a wink?)

• To indicate an unusual or non-standard meaning — for example: He considers being in a drunken stupor “normal”.

• To draw attention to jargon, slang, or special terms — the quotation marks I placed around the phrase scare quotes in the first sentence of the second paragraph of this section is a prime example of this kind of use.

Be Intentional When Applying Quotation MarksSo, the next time you get ready to enclose some word or phrase in quotation marks, I urge you to ask yourself whether the marks are “really” necessary and whether adding them might cause your poor reader to wonder whether you’re being serious or ironic.

And finally, by way of a proper quote from the Chicago Manual of Style on the use of scare quotes, I leave you with this thought: “Like any such device, scare quotes lose their force and irritate readers if overused”.1

Ingrid welcomes your feedback, questions, and suggestions for topics you’d be interested in reading about. Drop Ingrid a line at: ingrid@goodwithwords.com, or call 416-259-3399.

LinkedIn: Is Your Firm Missing Out on Opportunities?The top 4 tips to position your firm properly via LinkedIn Company PagesBy Leslie Hughes, Punch Media

You may have a personal LinkedIn page that showcases who you are and how you help your prospective clients, but how well does your firm represent itself on Social Media’s #1 Social Media networking site — LinkedIn?

1 University of Chicago Press, The Chicago Manual of Style, 15th Ed. (Chicago: University of Chicago Press 2003). Para. 7.58.

Volume 39, Issue 1 | Spring 2013

The Business Valuator

11

You have the opportunity to tell your firm’s story and keep followers up-to-date on the latest cases you’ve won, the latest publications your team is featured in and much more.

Separate from the personal profiles of your associates, your firm can stand out and receive its own testimonials. It can also position your firm as the best environment for new graduates and entice talented professionals.

Top Four Tips to Position your Firm Properly via LinkedIn Company PagesStep 1: Create a strong presence for your firm

Step 2: Add products and services

Step 3: Share regular, relevant status updates for your followers

Step 4: Encourage more followers and get viral!

Get more inbound leads with a strong presence that will keep your firm top-of-mind, position your team as experts and extend the reach of your brand.

PUNCH!media, specializes in helping marketing and sales managers properly position their company and train their staff how to use LinkedIn and other Social Media sites ef-fectively so they can build relationships, win assignments and increase profits. You can reach Leslie at: leslie@punchmedia.ca or www.punchmedia.ca.

Volume 39, Issue 1 | Spring 2014

The Business Valuator

12

MARSH INSIGHTS:TIPS FOR INSURING YOUR HIGH-VALUE ITEMS PROPERLYThe importance of personal property can be measured in both sentimental and monetary values. Items may come into your possession through an inheritance, a generous gift from a loved one, or maybe you’re one of the lucky (or clever) few who managed to uncover a genuine antique at your local flea market. In each case, it’s a good time to take stock and determine whether or not those and other valuable articles warrant extra insurance coverage.

Your standard homeowner, tenant, or condominium insurance policy will typically include coverage for personal items such as jewellery and other valuable possessions but that coverage may be limited to a fraction of their current value.

There are a couple of ways to increase the insurance protection on your valuable possessions. You can increase the limit on your policy for personal items, or you can obtain broader protection through a floater or endorsement, which itemizes each piece, whether it be a single antique or an art or fine wine collection.

Adding separate cover may cost more in premium but this broader coverage will respond in situations not typically covered in homeowners policies, such as accidental damage, coverage for breakage or damage to fragile items and mysterious disappearance.

As a member or registered student of CICBV, you have access

to group insurance rates on your auto and home insurance.

Private Client Services Practice1 877 476 6727

Volume 39, Issue 1 | Spring 2014

The Business Valuator

13

Tips to ensure adequate protection:

• Contact your insurance broker to discuss what possessions you have requiring additional coverage

and to find out how much coverage you currently have under your policy.

• Have your valuable possessions professionally appraised to ensure the additional coverage you

purchase will be adequate to cover a loss. The premium will be based on the appraised value.

• Maintain a detailed inventory of all valuable articles insured separately, including sales receipts, a

visual record of each article, and any other documentation establishing providence for antiques and

other collectibles. This helps document your loss and speed up the claims process.

• Store your valuable items properly in a secure location of your home. If the item is not used regularly

or you are saving it to pass on to someone else, consider keeping it in a safe deposit box. This

provides additional protection and will lower your premium costs. If you wish to use the item for a

special occasion, your insurance company may provide additional coverage for that specified period

of time at an additional premium, but you must notify your insurer in advance.

• Do not store fine art or carpets in basements or attics as these are areas of the home that experience

higher levels of temperature change, and are more susceptible to leaks and flooding.

• For jewellery, consider a false-bottom container for storage. These are empty containers made to

appear like ordinary household items, like food cans. It is best not to store precious jewellery in the

bedroom or in a jewellery box as this is typically the first place a burglar will check after breaking into

a home.

For more information on CICBV’s Group Automobile and Residential Insurance Program, or to obtain a no-obligation quote, please contact Marsh’s Private Client Services:

1 877 476 6727 or to request a quote online visit: www.marsh.ca/quote

This document and any recommendations, analysis, or advice provided by Marsh (collectively, the “Marsh Analysis”) are not intended to be taken as advice regarding any individual situation and should not be relied upon as such. This document contains proprietary, confidential information of Marsh and may not be shared with any third party, including other insurance producers, without Marsh’s prior written consent. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors. Any modelling, analytics, or projections are subject to inherent uncertainty, and the Marsh Analysis could be materially affected if any underlying assumptions, conditions, information, or factors are inaccurate or incomplete or should change. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy. Except as may be set forth in an agreement between you and Marsh, Marsh shall have no obligation to update the Marsh Analysis and shall have no liability to you or any other party with regard to the Marsh Analysis or to any services provided by a third party to you or Marsh. Marsh makes no representation or warranty concerning the application of policy wordings or the financial condition or solvency of insurers or re-insurers. Marsh makes no assurances regarding the availability, cost, or terms of insurance coverage.

Underwritten by Novex Insurance Company in all provinces and territories except Quebec and Newfoundland. Underwritten by Intact Insurance Company in Quebec.

Volume 39, Issue 1 | Spring 2014

The Business Valuator

14

This course is not affiliated with the Canadian Institute of Chartered Business Valuators or Teekay Corporation.

This course is not affiliated with the Canadian Institute of Chartered Business Valuators.

2 Day Intensive MQE Prep Course focusing on Writing Strategies, Time Management and Keys to Success on the MQE proven results with knowledgeable instructors:

In 2013 MQEprep.com achieved a 90% pass rate compared to national average of ~65% Pass rate for candidates who elect to have comprehensive question marked and

debriefed was 95% in 2013 and has been 93% since inception course developed and instructed by recent MQE gold medalists

course highlights:

writing approach and time management strategies technical refresher comprehensive course materials including detailed course notes and points-based

marking keys for the 2006 to 2013 MQEs one-on-one support right up to exam date

dates and locations: The MQE is scheduled for Monday, September 22, 2014. city Date cost* toronto, on august 09/10, 2014 (Sat/Sun) $1,600 plus HST (13%) vancouver, bc august 16/17, 2014 (Sat/Sun) $1,600 plus GST (5%) calgary, ab august 16/17, 2014 (Sat/Sun) $1,600 plus GST (5%)

* Option to have one comprehensive question marked including debrief for $400 plus applicable taxes.

testimonials from past course participants:

"The course offered by MQEPrep.com gave me the focus I needed to pass the MQE. The instructors have great technical knowledge and are very personable. They provided insight as to how they prepared for the exam and tools that they found useful which helped me study more efficient and effectively. Their strategies allowed me to walk into the exam calm and confident. I would highly recommend this course as a kick-start to your MQE studying." Katie Brine, CA, CBV

"As a repeat writer, I fully credit the course offered by MQEprep.com for allowing me to be called a CBV. The course is well organized and provided numerous tools that allowed me to focus my studying. The MQEprep.com instructors gave me the confidence I needed to pass the exam. I cannot say enough about this prep course." Jawahar Bhatia, CA, CBV, MBA, CIP

For Registration Information and Study Tips Please Visit www.MQEPREP.com or email us at admin@mqeprep.com