For health profession regulators
A balance tells you how much.
A question helps you understand why.
Could holding too much in reserves put our income tax exemption at risk?
This guide helps Council members explore that concern, understand the purpose of accumulated funds, and prepare questions for their professional advisers.
Download the free guide5 pages · No sign-up · Written for readers without an accounting background
BZMind · Governance resource
Reserves and
Net Asset
Accumulation
A starting point for informed discussion.
Ethics. Governance. Integrity. Education.
November 2026 · Version 1.0
Your turn
Take a seat.
What would you ask?
A fictional council is discussing accumulated funds. Choose a question and explore what it could bring into the conversation.
“We have a healthy reserve. That should put us in a good position.”
The discussion pauses.
Three useful openings. Explore whichever you would ask first.
Who it’s for
You do not need to be an accountant to ask a useful question.
This free guide is written for Council members, committee members, and senior leaders of Ontario health regulatory colleges. It introduces reserves and accumulated net assets in accessible language and helps readers prepare for discussions about financial stewardship.
Useful beyond Ontario
People involved in governing health profession regulators across Canada may also find it useful. The discussion of federal income tax offers a shared starting point; the legislative references are specific to Ontario.
Provincial requirements and your organization’s legal status and circumstances need separate consideration with appropriate professional advice.
Keep the conversation going
Bring the guide to your next discussion.
Read it before a Council meeting, share it with a colleague, or use it to prepare questions for your accountant or legal adviser.
5 pages · November 2026 · Version 1.0
This guide and the illustrative conversation above provide general information and discussion guidance only. They do not replace accounting, tax, legal, or other professional advice tailored to your organization.