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 »

Trouble at Leon’s

Posted by & filed under Accounting Careers, Succession Planning.

Description:  Succession issues can pose a serious problem with family owned businesses. It seems that this is the case at Leon’s furniture where family members are now feuding over ownership of a certain class of shares. A complex series of trust arrangements appears to be a central issue as a widow of one of the… Read more »

No wonder the payroll can’t get paid!

Posted by & filed under Accounting Careers.

Description: Many Canadians have heard by now of the Phoenix payroll system failures. (It was featured in this blog on November 27, 2017.) The delays in federal employees getting the right pay at the right time just don’t seem to be disappearing. And, this week we learned there aren’t anywhere near enough parking spots for the… Read more »

To the rescue

Posted by & filed under Accounting Principles.

Description:  Toys R Us may just have received a reprieve from liquidation. Billionaire Isaac Larian, a prominent toy marketer has stepped in with a billion dollar offer to buy up Toys R Us stores in Canada and the United States, Intriguingly, the offer includes a crowd funding component. Keeping the Toys R Us chain afloat… Read more »

What happened to supply and demand?

Posted by & filed under Accounting Principles, Student life.

Description:  The general rule is that if something is in demand, then the price goes up. But while employment is growing in both Canada and the United States, and shortages of workers could become a problem as the baby boomers move into retirement, wages have not been growing. Economists have offered a variety of explanations,… Read more »

He keeps on saying he’s sorry

Posted by & filed under Corporate Strategy, Data security.

Description:  It was a big week for Facebook this week as founder Mark Zuckerberg headed to Washington to say how sorry he was for the Cambridge Analytics fiasco. But as the Washington Post observed, it seems that Facebook has had a rather long history of saying “sorry” when it comes to issues of data security…. Read more »

Sustainable Kisses

Posted by & filed under Managerial Accounting.

Description:  Chocolate giant Hershey is spending $500 million in an effort to make its business practices more sustainable. In a program it is calling Cocoa for Good, Hershey wants to direct this half-billion in funding through 2030 to reduce child labour and to increase the sustainability of cocoa supplies. Hershey currently sources 75 per cent… Read more »