Finance

Church treasurers have an important job in the operations of a church.

From keeping the lights on, to payroll, to maintaining charitable status, to ensuring the offering is stewarded responsibly, treasurers’ tasks are critical to the well-being of a church. Not all churches have an accountant in their congregation who can perform these duties, meaning that there is a steep learning curve for many church treasurers.

CBOQ equips treasurers with guides, workshops, information and consultation to help them be better stewards of the resources God has entrusted to them for the sake of the Kingdom.

Mortgage Loans Available for CBOQ Churches!

CBOQ has funds available to provide our churches with mortgage loans to assist them with major building projects and renovations!

The mortgage application form can be found here.

Resources for Church Finances

New Treasurer Contact

When a new treasurer is appointed, please inform the following as soon as possible to update our contact records so that we can stay connected with you:​

Canada Life (Pension Plan)

New Treasurers

Email grscbpp@canadalife.com and provide the name, email address, phone number and date the new Treasurer will assume the Treasurer position. Ensure to include the word “Savings” in the email subject line.

CB Benefits (Group Benefits)

Name: Alexandra Bridi, Benefits Coordinator
Email: benefits@cbbenefits.ca

Paola Alvarez
Finance Coordinator
Phone: 416-620-2931
Email: palvarez@baptist.ca

TRANSITION CHECKLIST

To ensure a smooth transition, we have prepared a Church Treasurer Transition Checklist guide for you.

PENSION PLAN (Canada Life)

All permanent employees who have a minimum of 700 working hours per year or minimum earnings of 35% of the CPP Maximum Pensionable Earnings are eligible to join the Plan. Employee contribution rates since 2007 are 6.00%.

Outgoing treasurers, please share the password to CBBenefits Treasurer’s Portal with the incoming treasurer. Contact Paola Alvarez at palvarez@baptist.ca if you require assistance retrieving the password.

Additional information about the pension plan is available by clicking the “Pension” button below.

GROUP BENEFITS (CB Benefits)

CBOQ provides a group benefit plan and a defined contribution pension plan through our partnership with Canadian Baptist Ministries. Since these are both compulsory plans, churches are obligated to offer them to all employees that qualify. For Benefits Plan administration purposes, the new treasurer should contact AGA Benefits to:

  1. Provide their new contact information
  2. Be trained on procedures for:
    1. Enrolment of new plan members
    2. Updating changes for their plan members
    3. Termination of plan members
  3. Learn how to handle billing and premium payment issues

CERTIFICATE LOAN

CBOQ’s Certificate Loan program provides a unique, practical opportunity to extend the kingdom of God in our member churches. Instead of leaving your investment with a bank or credit union, you can directly invest with CBOQ and support member churches that have a need for a mortgage for church renovation or church construction.

Find out more about Certificate Loans!

Online Giving for CBOQ Churches

CBOQ has partnered with Tithe.ly, an online giving platform designed to help churches increase giving and engagement with tools built for ministries. As giving trends change, and fewer people give by cash or cheque, having online giving options can make a substantial difference for churches.