Financial statements

A bargaining agent (a trade union or an employers' organization) must make a copy of its audited financial statements from the last fiscal year available to its members. They must do this without charge, before June 1 of each year.

To 'make a copy available' generally means giving members a printed or electronic copy of the audited financial statements. Letting members view the statements at the bargaining agent's office doesn't meet this requirement.


What information must be in the financial statements?

Audited financial statements must have enough information to accurately show the financial condition and operations for the previous fiscal year. At a minimum, this includes:

  • a balance sheet
  • a statement of income and expenses
  • the qualified auditor's explanatory notes

The statements must be audited by a qualified auditor and signed by the president and treasurer (or corresponding principal officers). 

The Labour Relations Board will only review audited financial statements to make sure they meet the minimum requirements found in Section 151 of the Labour Relations Code (the Code). The Board will not review audited financial statements to make sure they meet with other requirements, such as any requirements in the bylaws or constitution. 

Who is entitled to ask for financial statements?

Members of the bargaining agent are entitled to audited financial statements. You can ask for financial statements for the years you were a member, even if you aren't a member when you ask for them.

What can I do if I wasn't given a copy of the audited financial statement?

The first step is to ask your bargaining agent for a copy of the financial statements. You should do this in writing and keep a copy of your request. If your request is refused, you can file an application with the Board:  

  1. Complete an application by written submission (i.e. letter)
    1.1 Make sure the application has the information required by the Rules
  2. Submit the application by email, mail, or courier
  3. Serve the other party as required by the Rules
  4. Arrange to pay the filing fee

Filing by email? The Board only accepts supporting information in PDF, MP3, or MP4 format. Supporting information cannot be provided by a file-share link at this time.

What happens if my application is successful?

If your application is successful, the Labour Relations Board may order the bargaining agent to:

  • give you a copy of the financial statements
  • file a copy of the statement with the Board in a specific format

The Board can order the bargaining agent to give you audited financial statements from earlier fiscal years in certain circumstances. However, the Board will consider the effect that fulfilling your request will have on the bargaining agent. For example, the Board may consider whether it will be unreasonably difficult for the bargaining agent to provide historical statements.

Leading decisions:

Leading decisions provide useful information on how the Labour Relations Board applies the Labour Relations Code (the Code) and information on what is or is not covered by the Code.


This page was last updated: 2023-06-19

Disclaimer: The information on this website is provided for general purposes only and is not legal advice. This information is subject to the Labour Relations Code, the Labour Relations Board Rules, the Labour Relations Regulation and the published decisions of the Board

The Labour Relations Board acknowledges the territories of the many diverse Indigenous Peoples in the geographic area we serve. With gratitude and respect, we acknowledge that the Board’s office is located on the unceded territories of the Coast Salish peoples, including the territories of the xʷməθkʷəy̓əm (Musqueam), Skwxwú7mesh (Squamish), and səlil̓wətaʔɬ (Tsleil-Waututh) Nations.