Sobeys sees higher prices

Posted by & filed under Student life.

Description:  While Loblaws hit the news last week on the taxation front, another big Canadian grocer, Sobeys, made the news by predicting an increase in food prices. The reason: transportation costs and tariffs. An increase in minimum wages in some jurisdictions is also offered as another reason for rising prices. Date: September 13 , 2018 Source:… Read more »

The Bug

Posted by & filed under Corporate Strategy.

Description:  The Volkswagen Beetle – often popularly known as the Bug – is on the endangered species list. Volkswagen announced last week that the final editions of the Beetle will probably roll off of the assembly line by next summer. CEO Hinrich Woebcken of Volkswagen USA did hold out a bit of hope for a revival… Read more »

Loblaws and taxes

Posted by & filed under Accounting Careers, Tax Planning.

Description:  Loblaws, a major Canadian grocer, was hit with a massive $368 million tax bill in a case held before the Tax Court of Canada. The case was not directed against the grocery business, but rather at a Bahamian banking subsidiary of the grocery chain. Although Loblaws intends to appeal the decision, officials announced that… Read more »

That sinking feeling

Posted by & filed under Canadian Economy.

Description:  The Canadian economy took a jobs hit in August. The unemployment rate climbed to 6 per cent with a net job loss of 51,600 on the month. Losses in the part-time sector seemed to be a big factor in the decline. Alberta moved up in jobs while Ontario slipped backwards. In New Brunswick, a… Read more »

Nike boosts Colin Kaepernick

Posted by & filed under Managerial Accounting, Marketing & Strategy.

Description:  This past week saw the start of the NFL season. It also saw Nike jumping into the middle of the storm surrounding quarterback Colin Kaepernick by including him as the central figure in a new advertising campaign. Colin Kaepernick has been  a figure of some controversy, given his practice of not standing for the national… Read more »

Bouchard in Bahamas

Posted by & filed under Personal Tax.

Description:  Warm weather and beautiful beaches are among the top reasons a Canadian might want to set up residence in the Bahamas. But if you are a rich tennis star like Eugénie Bouchard, the fact that there is no income tax is another important consideration that may have prompted her to take up residence there. Her… Read more »

On the border

Posted by & filed under Canadian Economy.

Description:  The past week has seen story after story on the trade talks between Canada and the United States. This all follows the US and Mexico coming to terms on a trade deal. Will Canada be left on the sidelines in the North American Free Trade Agreement? What will this mean for Canadian consumers? One… Read more »

Welcome! – or welcome back!

Posted by & filed under Student life.

Description:  Well. welcome to another school year! Or maybe it’s your first year at university or college, so just plain old welcome. And as you get ready to start this academic year, it’s a good time to think about how far your dollars will go. Certainly one way to save some money is to take… Read more »

Blowing the Whistle

Posted by & filed under Ethics.

Description:  This Labour Day CBC radio took the title of the day to heart by hosting a special Workplace Whistleblower documentary https://www.cbc.ca/radio/it-s-in-their-dna-what-makes-people-blow-the-whistle-over-their-silent-counterparts-1.4791859 . Whistleblowers bring forward problems in their workplaces, but as can be seen in the accompanying article, blowing the whistle can mean the end of their careers. Interestingly enough, the problems with the Pheonix… Read more »

Taxing Bitcoin

Posted by & filed under Personal Tax.

Description:  Tax time is rolling around quickly for Canadians. And with all the 2017 hype over Bitcoin, some may be wondering what to do with any income earned in trading the cryptocurrency. The simplest answer: if you trade, keep records; if you make income, declare it. Date: April 13, 2018 Source:  cbc.ca Link: http://www.cbc.ca/news/canada/toronto/cryptocurrency-income-tax-canada-1.4626837 1) Do you… Read more »