Description: If you are a student, you should be filing a T-1 Canadian income tax return, even if you don’t think you have earned money in the last year. Tax credits like the GST/HST credit and the Carbon Rebate have the unique feature of being dropped directly into your bank account, versus serving to reduce… Read more »
Posts Categorized: Financial Accounting
Starbucks Cutting Down on Plastic
Description: Starbucks has announced that in a bid to reduce waste associated with its popular cold drinks, it is coming out with a new cup with that will cut its plastic footprint by roughly 20 per cent. The company sees this as an industry leading practice and it maintains that the cups will still be… Read more »
How Much House Debt Can You Handle?
Description: For those of you getting set to graduate and enter the workforce, do you see a house purchase in your immediate future? If so, you may want to take a look at this handy tool CBC news reported on this week. This simple to use tool gets you to fill in a simple four… Read more »
No Krispy Kreme Here!
Description: On Tuesday McDonald’s announced they would be bringing Krispy Kreme’s tasty products to its American restaurants by 2026. It wasn’t long though before Canadian consumers found out it was no sweet deal here. Krispy Kreme has only 14 locations in Canada, so one may surmise that this would have been an excellent way to… Read more »
More Headaches at Apple
Description: In January, European officials slapped a $1.8 billion Euro fine on Apple for its practices in the music streaming space. Now the U.S. government is going after Apple for anti-competitive practices in its smartphone business. The Justice Department stated that “Apple undermines apps, products, and services that would otherwise make users less reliant on… Read more »
McDonald’s System Goes Down
Description: Friday was a tough day for McDonald’s restaurants in several countries as system issues brought business to a standstill. Very early Friday morning Brian Rice, McDonald’s Chief Information Officer, reported the chain “experienced a global technology system outage, which was quickly identified and corrected.” Temporary shutdowns appeared to be required in countries such as… Read more »
Saltwire Sadness
Description: The Halifax Chronicle Herald is one of Canada’s oldest continuously publishing newspapers, but its future may be in jeopardy following news that its parent company, the Saltwire Network, is seeking creditor protection. Saltwire owes about $94 million, with about one third of that on the books of its largest creditor, Fiera Private Debt. Stephen… Read more »
Does Apple Owe You?
Description: Last week a judge at the British Columbia Supreme Court approved Apple’s offer to pay up to $14.4 million to settle a class-action suit regarding its iPhone 6 and 7. At the heart of the case was a contention that Apple used software updates that deliberately slowed down the old phones once the iPhone… Read more »
January Tough Month for Insolvencies
Description: Business insolvencies in January were about double of what they were in January 2023. One factor cited for the problem was the requirement to pay back loans of up to $60,000 under the Canada Emergency Business Account program by January 18. Simon Gaudreault of the Canadian Federation of Independent Business says that “Insolvencies are… Read more »
Working for Free February 29?
Description: Salaried workers may be wondering if they worked for free on February 29, the leap day. Since those on an annual salary receive the same pay whether the year has 365 days or 366, workers like Rohith Krishnan feel they are missing out for showing up for the extra day. Others, like Annie Boilard,… Read more »
Burnley Understanding Financial Accounting, 3rd Canadian Edition
Kimmel Financial Accounting, 8th Canadian Edition
Weygandt Accounting Principles, 9th Canadian Edition
Kimmel Survey of Accounting, 2nd Edition
Kieso Intermediate Accounting, 13th Canadian Edition
Weygandt Managerial Accounting, 6th Canadian Edition
Farmer Cost Accounting, 1st Edition
Savage Accounting Information Systems, 1st Edition