New tool to enhance the efficiency of expense report management in Workday
UBC Accounts Payable and the Integrated Service Centre are pleased to announce the upcoming launch of Expense Protect, a tool to help reduce time spent on manual review of Expense Reports in Workday. Expense Protect will use machine learning to analyze data trends from new and historical UBC expense reports to provide a ‘Risk Level’ […]
2025 Services Levy invoices and access information
The 2025 Services Levy invoices will be mailed out in early July with payment due by Wednesday, August 6, 2025. If you haven’t received the invoice by mid-July, please contact Treasury Accounting at levy@finance.ubc.ca. To access your Services Levy Information and view your account balance online, you will need to obtain an access code. Detailed […]
Planning to set up Provincial funding? Let Treasury know early!
In order to process UBC payments as efficiently as possible, the Province has asked that all payments to UBC be coordinated through UBC Treasury. Learn more on the UBC Finance Portal.
Potential delays to university cheque mailing due to Canada Post job action
Canada Post’s operations are being impacted by strike action as of May 25. While Canada Post continues to operate, users may experience delays in mail delivery, including cheque delivery for payroll and suppliers.
The HSBC to RBC transition project has now officially concluded
Thank you to everyone who contributed to this important transition — especially our partners and business users — for your collaboration, patience, and adaptability throughout the process. Royal Bank of Canada (RBC) was granted regulatory approval to acquire HSBC Canada (HSBC) in December 2023, and legally closed the transition date on March 28, 2024. This approval […]
Moody’s affirms UBC’s Aa1 rating and S&P lowers its rating to A+ due to provincial credit link
As a requirement of issuing and having publicly traded debt outstanding, UBC is required to maintain a credit rating. A credit rating is an independent evaluation and forward-looking opinion of UBC’s financial health and overall creditworthiness, particularly in repayment of the debt outstanding. A higher rating indicates greater financial stability, which helps build trust with […]
Access card only for 5th floor of Technology Enterprise Facility 3 (TEF 3)
Effective May 1, the fifth floor of Technology Enterprise Facility 3 (TEF 3) will be restricted to card access only. Elevators to the fifth floor will be locked and restricted from public access. For guest access, please coordinate in advance with the building user. Deliveries may use the Intercom to request access to the building. […]
Update on duplicated non-payroll T4A forms
The university is aware that some non-payroll T4A recipients have received duplicate non-payroll T4A forms due to recent changes in the Canada Revenue Agency (CRA) system and related technical issues. If you require a tax form, please use the non-payroll T4A dated for February 13, 2025. UBC received confirmation from the CRA that the duplicate T4A […]
Update on UBC and UBCIM Responsible Investing Commitments
The University is committed to continually advancing its responsible investing practices and enhancing existing important work in this area. At this time, we are particularly focused on further integration of social factors, including human rights, in a manner that is consistent with the University’s legal and fiduciary duties. This work is being led by UBC […]
UBC Board of Governors approves balanced operating budget for 2025/26
UBC is projecting a balanced financial position as part of its 2025/26 budget, approved by the university’s Board of Governors this week. The budget report acknowledges the challenging and evolving landscape affecting all Canadian post-secondary institutions, while also highlighting UBC’s commitment to advancing its core academic mission and to ensuring the university’s long-term financial resilience. Read […]