Posted by & filed under Financial Accounting, Personal Tax, Student life.

Description: On Wednesday morning we woke to the news that 155,000 federal public servants had gone on strike. While the union has been asking for a 13.5% increase spread over three years, the federal government’s best offer is pegged at 9%. The striking workers include 35,000 from the Canada Revenue Agency (CRA), raising potential problems for those Canadians seeking information to deal with taxation matters.

Date:  April 18, 2023



Discussion points:

1) Are you or any of your classmates slated to work for the federal government for the summer? How might this strike impact this employment?

2) Do you require any services (a passport, for example) that might be interrupted by this strike action?

3) Page 6-25 of Wiley’s Understanding Financial Accounting includes an inset box “Ethics in Accounting” that discusses how the Canada Revenue Agency treats credit losses by companies. What approach does the CRA take on this issue?

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