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For the Royal College of Physicians and Surgeons of Canada to enhance member support in key areas, keep pace with inflationary costs and be financially healthy, a modest increase to all member fees for 2023-2024 was approved at the Annual Meeting of the Members (AMM) on February 24, 2023.
The annual dues notification was sent on March 6, 2023, to all members of the Royal College, including Fellows, Resident Affiliates, International/U.S. Fellows, MOC Program Participants and Diplomates. Fellow dues have been increased by $70 and are set for 2023-2024 at $1060.
Member dues have been at the same level for three years. During this time, the cumulative consumer price index or inflation has risen by close to 12 per cent. The proposed increase is to generate revenue to offset increased operating expenses tied to inflation, while also investing in the renewal of our strategic initiatives.
We are grateful for the ongoing trust that you place in us to serve you through your membership. The Royal College is rooted in our dedication to excellence through our core business activities of standard setting, accreditation of specialty training programs, examinations, and enabling lifelong learning for members. We appreciate that your membership is an investment in us as your Royal College. We continue to work every day to be a key partner in your professional growth and in maintaining the high standards of the profession.
We are also focused on enhancing your member experience. To better understand the direct impact of your support, here are some of the key areas we are working on to improve our programs and services for you.
We are committed to keeping you informed of our progress as we move forward. In addition, you are always welcome to reach out to the Royal College to provide feedback or to learn more about our programs and services by emailing membership@royalcollege.ca.