{"id":2717,"date":"2025-07-02T15:29:18","date_gmt":"2025-07-02T19:29:18","guid":{"rendered":"https:\/\/cpaquebec.wp.vortexdev.com\/general-public\/complaints-and-recourses\/usage-inapproprie-de-fonds\/"},"modified":"2026-01-16T16:26:36","modified_gmt":"2026-01-16T21:26:36","slug":"usage-inapproprie-de-fonds","status":"publish","type":"page","link":"https:\/\/cpaquebec.wp.vortexdev.com\/en\/general-public\/complaints-and-recourses\/usage-inapproprie-de-fonds\/","title":{"rendered":"Improper use of funds"},"content":{"rendered":"\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p>Did you entrust sums of money or securities to a CPA who used them for purposes other than those for which they were entrusted to him or her in the practice of the profession? If so, you can submit a claim to the Indemnity Fund.<\/p>\n\n\n\n<h2 class=\"wp-block-heading is-style-intro\">The purpose of the indemnity fund is to:<\/h2>\n\n\n\n<p>Protect the public by reimbursing funds or property used by a CPA for purposes other than those for which the amounts or securities were entrusted to him or her in the practice of the profession.<\/p>\n\n\n\n<div class=\"wp-block-group has-tango-light-background-color has-background is-layout-constrained wp-block-group-is-layout-constrained\">\n<h3 class=\"wp-block-heading is-style-intro\">The indemnity fund cannot be used to:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>obtain interest or other forms of damages;<\/li>\n\n\n\n<li>obtain compensation in case of an error committed by a CPA (such claims fall under the jurisdiction of the civil courts);<\/li>\n\n\n\n<li>recover sums of money given to a CPA for investment purposes;<\/li>\n\n\n\n<li>settle a dispute over professional fees.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\">How to file a claim?<\/h2>\n\n\n\n<p>To submit a claim to the Order, please fill out the form below and provide the most complete and accurate information possible. Any claim to the Indemnity Fund is automatically brought to the attention of the syndic and the secretary of the Order.<\/p>\n\n\n\n<p>For your claim to be processed, you must do the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>indicate the amount claimed;<\/li>\n\n\n\n<li>clearly state the facts supporting the claim;<\/li>\n\n\n\n<li>include all supporting documents;<\/li>\n\n\n\n<li>print a copy of the form you will receive by email, sign it in the presence of a commissioner for oaths, notary or lawyer, and email it to <a href=\"mailto:indemnisation@cpaquebec.ca\">indemnisation@cpaquebec.ca<\/a>.<\/li>\n<\/ul>\n\n\n<div class=\"notification-message aligndefault notification-message--warning notification-message--outline\"\n>\n   \n\n<p class=\"is-style-intro\">Deadline<\/p>\n\n\n\n<p>You must file your claim within <strong>12 months<\/strong> from the time you become aware of the events.<\/p>\n\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-a89b3969 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-primary is-style-arrow\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/form.simplesondage.com\/f\/s.aspx?s=69102511-2750-4A57-806B-5492CD58BC1B\" target=\"_blank\" rel=\"noopener\">File a claim<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"color-boxes-grid aligndefault\"\n>\n   <div class=\"color-boxes-grid__grid cols-2\">\n     \n\n<div class=\"color-box-item has-background has-grass-light-background-color\">\n\n  <span class=\"color-box-item__icon\">\n    <span class=\"icon-promotion\"><\/span>  <\/span>\n    <h5 class=\"color-box-item__title\">How your claim is processed?<\/h5>\n      <div class=\"wysiwyg color-box-item__text\"><p>The Indemnity Fund committee evaluates and investigates claims, and then makes recommendations to the Order\u2019s Executive committee, which renders a final decision.<\/p>\n<\/div>\n   \n\n      <div class=\"accordion-container\">\n          <\/div>\n    \n    <\/div>\n\n\n\n<div class=\"color-box-item has-background has-cpa-light-background-color\">\n\n  <span class=\"color-box-item__icon\">\n    <span class=\"icon-information\"><\/span>  <\/span>\n    <h5 class=\"color-box-item__title\">Indemnity<\/h5>\n      <div class=\"wysiwyg color-box-item__text\"><p>The maximum indemnity payable from the Fund is set at $80,000 per claim and $300,000 for all claims against the same professional.<\/p>\n<p>When you receive your indemnity, you must sign the documents which will enable the Order to then claim from the CPA in question the amounts you received.<\/p>\n<\/div>\n   \n\n      <div class=\"accordion-container\">\n          <\/div>\n    \n    <\/div>\n\n   <\/div>\n<\/div>\n\n\n\n<p>The Indemnity Fund committee evaluates and investigates claims, and then makes recommendations to the Order\u2019s Executive committee, which renders a final decision.<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n\n\n<div class=\"notification-message aligndefault notification-message--info notification-message--outline\"\n>\n   \n\n<p class=\"is-style-intro\">Find out more<\/p>\n\n\n\n<p>CPAs who hold sums of money and other securities for others are governed by several regulations, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>the <em><a href=\"http:\/\/legisquebec.gouv.qc.ca\/en\/showDoc\/cs\/C-26?&amp;digest=\" target=\"_blank\" rel=\"noreferrer noopener\">Professional Code<\/a><\/em>;<\/li>\n\n\n\n<li>the <em><a href=\"http:\/\/legisquebec.gouv.qc.ca\/en\/ShowDoc\/cr\/C-48.1,%20r.%206\" target=\"_blank\" rel=\"noreferrer noopener\">Code of ethics of CPAs<\/a><\/em>;<\/li>\n\n\n\n<li>the <em><a href=\"http:\/\/legisquebec.gouv.qc.ca\/en\/ShowDoc\/cr\/C-48.1,%20r.%209\" target=\"_blank\" rel=\"noreferrer noopener\">Regulation respecting trust accounting and the Indemnity Fund<\/a><\/em>.<\/li>\n<\/ul>\n\n<\/div>\n\n\n<div class=\"notification-message aligndefault notification-message--question notification-message--outline\"\n>\n   \n\n<p class=\"is-style-intro\">Questions?<\/p>\n\n\n\n<p>If you have any questions about the<strong> Indemnity Fund<\/strong>, please contact us by email at <a href=\"mailto:indemnisation@cpaquebec.ca\">indemnisation@cpaquebec.ca<\/a>.<\/p>\n\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Did you entrust sums of money or securities to a CPA who used them for purposes other than those for&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":1619,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-2717","page","type-page","status-publish","hentry"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","pp_force_visibility":null,"pp_subpost_visibility":null,"pp_inherited_force_visibility":null,"pp_inherited_subpost_visibility":null,"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-06-20 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