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Melanie Russell, FCPA, FCA, CBV, CFE, CIM, TEP, CFF, ABV, FDRP-Val

Melanie was a CICBV Silver Medallist, and has been involved with preparing, marking, instructing and counseling for the MQE since 1991. She has also taught at various educational and professional institutions (York University, University of Toronto, CPA Ontario, and CPA Canada). Her 25 years’ experience in the MQE education process offers candidates a long-term perspective on the challenges of the MQE and how the exam has evolved over time.



Melanie is the founder of Kalex Valuations Inc. and began professional practice in 1985, which includes several years of industry experience. Throughout her professional career she has been involved in many assignments for a variety of public and private companies of various sizes and across many industries, obtaining her training at two of the largest international accounting firms in the industry. Melanie placed second in Canada on the CICBV membership examination. She founded Kalex Valuations Inc. in 1996.

Ms. Russell has been active in teaching business valuations and related topics since 1987 at various universities and professional organizations, and runs the premiere preparatory course for CBV students in Canada taking their national Membership Qualification Examination. She has written various articles, taught professional courses and had many public speaking engagements on matters relating to business valuations and related topics.

Melanie has qualified as an expert in the areas of business/asset valuation, quantification of damages, income determination and forensic accounting. She has testified as an expert in business valuations in the Ontario Court of Justice and the Ontario Superior Court, and for the Investment Dealers’ Association and the Discipline Committee of the Institute of Chartered Professional Accountants of Ontario, as well as in alternative dispute forums.​

Professional Designations

  • Chartered Accountant (CPA, CA)

  • Chartered Business Valuator (CBV) – second highest mark in Canada

  • Certified Investment Manager (CIM)

  • Certified Fraud Examiner (CFE)

  • Certified in Financial Forensics (CFF)

  • Accredited in Business Valuations (ABV)

  • Certificate Program in Dispute Resolution

  • Collaborative Family Practice


  • CPA Canada

  • CPA Ontario

  • Canadian Institute of Chartered Business Valuators

  • National Association of Certified Fraud Examiners

  • Family Dispute Resolution Institute of Ontario

  • Estate Planning Council of Toronto

  • ESOP Canada

  • Family Dispute Resolution Institute of Ontario (FDRIO)

  • Ontario Expropriation Association 

  • Collaborative Practice Toronto

  • York Collaborative Practice 

  • International Academy of Collaborative Professionals 

  • M&A Club Toronto

  • Association for Corporate growth 


  • Bachelor of Commerce (Honours) – University of Manitoba


  • President of GTA Accountants/Finance Network

  • Frequent presenter, lecturer and author on various topics: Valuations, income analysis, financial reporting, finance, accounting, auditing/assurance, personal financial planning for various organizations. 

  • Volunteer fitness instructor in Boxfit, Arriba, muscleworks, etc.

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