LETTER FROM THE PRESIDENT

On behalf of the Institute of Municipal Assessors, I am pleased to present the Annual Report for the 2022-2023 Fiscal Year.

“With over 1,270 members, the IMA is Canada’s largest association of property assessment and taxation professionals Our diverse membership includes individuals from the private and public sectors practicing in the field of assessment, consultancy, appraisal, taxation and law. Incorporated in 1957, the IMA is dedicated to advancing the interests, education and professional competencies of our Members.”

This past year was one that saw renewed investment into the professional growth of our members and the future of our organization We close off our 2020-2023 Strategic Plan cycle with achievements throughout all our strategic pillars of Educate, Grow, Lead and Govern

We worked to ensure that our members, regardless of their geographical location, have access to the current best practices and training relevant to our industry Almost 600 members across Canada attended our IPTI/IMA webinar series, with over 300 members attending the Fall Virtual Symposium We also offered the first year of our Fast Track Designation Program (FTDP) The successful graduates from that program, contributed to the 45 new A.I.M.A. members and 73 new M.I.M.A. members overall who successfully complete their accreditation journey this past year. These ongoing investments in professional development and education, continue to support our members while positioning them as recognized experts in the field of property assessment and related function

We have continued to grow our IMA community of members across Canada, with new members joining us from Nova Scotia, New Brunswick and Alberta. Earlier this year, we announced our reciprocity agreement with the Alberta Assessors Association (AAA) through which our corresponding accreditations are transferable and transportable These and other initiatives with stakeholders across Canada, support the continued growth of our profession and increase the recognition and value of your IMA membership

The IMA finished the 2022-2023 Fiscal Year with a strong bottom line and a healthy profit. Responsible fiscal planning and revenue generation has led to these results Forward looking changes have been strategically implemented to the IMA’s Investment fund for long-term financial growth in response to changing financial markets

As we plan our next Strategic Planning Cycle, the healthy financial standing and the successes from the 2022-2023 fiscal year will allow for further investments supporting our members with leading education and training opportunities, as we strengthen our position as the leading Canadian educational and professional body for property assessment and taxation professionals.

After reviewing this Annual Report, I trust you will be equally pleased with the success and direction of the Institute, including the commitment to fulfilling our vision to be the industry leader in education, ethical standards, and professional accreditation in the field of property assessment.

Yours truly,

Greg Martino, M.I.M.A.

President of the Institute of Municipal Assessors