In conjunction with the Secretary-Treasurer report, this report is to create an awareness of the Component’s finances, so that all members can know and understand how their dues are spent and if any improvements could be made.

Every year, two audits must be conducted on the Component’s financial books.  One audit is done by professional auditors, who ensure accounting procedures are properly followed.  For this period, chartered accountants Resnick Partnership LLP were the auditors. (Please see attached Independent Auditors Report)

The other audit, done by Component Trustees, is to make sure the Secretary-Treasurer complies with the rules and responsibilities set out by the CUPE Constitution, the Airline Division Bylaws and the Component Bylaws. To be more specific, the most important duty of any Secretary-Treasurer is to ensure all income owed to the Local(s) or Component is collected and properly spent.

This means ensuring that:
∙ Funds are spent the way the members and the bylaws intended.
∙ Financial mismanagement can be detected and reported.

Everyone who is an Air Canada Mainline and Air Canada Rouge CUPE member pays union dues without exceptions.

Air Canada deducts our union dues (1.5% of gross income) every month from our pay, and hands over the funds to the Component.  In the fiscal year we are auditing, $5,006,812 million was collected in union dues. The Component Finance Administrator divides these funds into three parts: dues remitted to each local, a per capita to CUPE National and the remaining funds left at the Component. For each local, they received $3,250 base amount plus $8.00 per dues paying member.  For smaller Locals, with less than 1000 members, they were remitted an additional $3,000 a month.

CUPE National receives $18.09 from every member with the remainder going to the Component.  To illustrate this: if $60.00 is deducted in union dues from a member, $8.00 would go to their Local, $18.09625 would go to CUPE National, and the remainder, approximately $33.91, stays at Component.

The Component also sends $0.10 cents for every member to the Airline Division of CUPE Defense (strike) fund.

As well, Local 4091 requested and was approved through a motion, an augmentation of $50,368 for this fiscal year.

The Covid-19 pandemic began in March 2020, which resulted in layoffs.  Union dues for this fiscal year being audited, dropped by $935,575 compared to the previous fiscal year, which resulted in a budget deficit of $165,135.

Our role as Trustees is to make sure that each Local and CUPE National gets their portion of funds, and the dues used by the Component are spent by the guiding rules of the CUPE Constitution, the Component Bylaws, Component Expense Policy and by you, the membership.

We met July 13th to the 15th, 2026, to complete this audit.

To avoid confusion and provide greater clarity, we will state names when needed.  For the year we are auditing, Alex Habib was the Component Secretary-Treasurer.

QuickBooks was the accounting software used by the Component Secretary-Treasurer.

As in every report, we have recommendations which we hope ACCEX (Air Canada Component Executive) will consider and adopt.

Both Air Canada Mainline and Air Canada Rouge members will receive this report, and we hope that all members will take some time to read it. We are available to answer any questions regarding this report at any ACCEX or local meeting, if invited as Component Trustees.

Regards,

Ana Selke                            Nicole Brice                              Marc Roumy
ana@accomponent.ca     nicole@acccomponent.ca    marc@accomponent.ca

Click HERE to view the Trustees’ Report.

Click HERE to view the Secretary-Treasurer’s Response.