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… Read more »
Posts By: Brent White
Tax Decisions with Living Together
Description: With tax season in full swing – despite the strike in effect at the Canada Revenue Agency (CRA) – experts agree that it is important that Canadians know how living together can impact your taxation status. With societal trends indicating that common-law relationships are especially prevalent among those 20-24 years old, many may be… Read more »
13 Billion on Batteries
Description: The Government of Canada is offering $13 billion in subsidies to Volkswagen to build the first auto battery plant in North America. The federal assistance is to be delivered through tax subsidies, contingent upon Volkswagen meeting agreed upon output targets. VW’s planned plant in St. Thomas, Ontario, is slated to open in 2027. It’s… Read more »
Tough Times at Tupperware
Description: For much of its 77 year history, Tupperware was the go-to storage container for many families putting away leftovers or meeting other food storage needs. The multi-coloured plastic devices were sold by Tupperware’s independent representatives in parties held in customers’ homes. But the in-person sales technique had fallen out of favour in more recent… Read more »
Save Hard; Then Splurge
Description: Jennifer Anchan drives a 2001 Honda Accord that she bought for $1,700 cash; she also purchases used items off Kiiji, and shops more often at dollar stores these days. But she is willing to spend big for travel and concert tickets, savouring experiences with friends over acquiring new things. Recent data from the Royal… Read more »
Meteorite Money
Description: Sonic booms and a bright fireball that could be seen in broad daylight marked the crashing meteor that left a trail somewhere near the Maine-New Brunswick border last Saturday. And now, all you have to do is find a one kilogram piece of the space rock in the woods to earn yourself a $25,000… Read more »
Nice Raise, If You Can Get It
Description: Fresh off his appearance with other grocery chain executives in front of a parliamentary committee examining food prices, comes news that Loblaw’s Galen Weston received $8.4 million in remuneration of various types in 2022. While this is up from $5.4 million in 2021, Catherine Thomas, speaking for Loblaws in defense of the move, noted… Read more »
A Tough End to the School Year
Description: In my small university town, Sackville, New Brunswick, Friday saw a tough end to the university year as a major fire not only left several Mount Allison University students and a university staff member homeless, it also wiped out a major social landmark by destroying Joey’s Pizza and Pasta, a restaurant favoured by students,… Read more »
Falsifying Business Records
Description: One of the biggest news items this past week had to be the indictment of former US president Donald Trump in a New York City courtroom. Though there was lots of debate about the event, from an accounting perspective, the interesting notion is that the charges revolve around the falsification of business records. One… Read more »
WestJet Strike?
Description: It’s probably not the news you wanted to hear as you wind down the winter term at university and get ready to travel back home for the summer break: WestJet’s pilots’ union is set for a strike vote. Bernard Lewall, a union representative, is frustrated by the results of the last six months of… Read more »