Restaurant Prices Up

Posted by & filed under Financial Reporting and Analysis, Student life.

Description: It’s probably no surprise that with inflation cranking up the food prices in the grocery stores that it would also cost us more to eat out. According to Restaurants Canada, we will see the cost of dining out increasing by 7.8 per cent by the time we say “goodbye” to 2022. Rising costs for food… Read more »

Loading up on Debt

Posted by & filed under Financial Reporting and Analysis, Student life.

Description: Canadians are taking on more debt with Statistics Canada telling us that debt per household in Canada is now 181.7 per cent of income. This figure is up from just under 180 per cent in the previous quarter. According to Ksenia Bushmeneva, an economist with TD Bank, “the selloff in financial markets earlier this… Read more »

Help with Inflation

Posted by & filed under Personal Tax, Student life.

Description: The Government of Canada is directing financial relief to citizens with lower income to help them deal with this current inflationary environment. One measure is the doubling of the Goods and Service Tax Credit (GSTC) for those with family incomes under $39,826 in 2021. A second measure, the Canada Dental Benefit, will provide cash… Read more »

September = Apple Annoucement

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

Description: It’s September, and that means there’s going to be some sort of product announcement heading out of Cupertino California, Apple’s HQ. This past Wednesday, Apple introduced four new iPhone models, updated AirPods Pro, and, an Ultra Apple Watch oriented towards extreme sports types. Unfortunately, f you are a user who enjoys a smaller screen,… Read more »

Checking Your ID

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

Description: If you’re heading down to a Rogers store to look for a new phone, you might just find the door remains locked until you provide proof of identity. Rogers says the policy, which will apply to only some of it stores, is intended to prevent theft and fraud. That’s a bit of a problem… Read more »

Electronic Tipping

Posted by & filed under Personal Tax.

Description: With the increased use of the tap of debit/credit cards during the pandemic, it’s interesting to see what the Canada Revenue Agency (CRA) has to say about electronic tipping. Many restaurant and bar patrons have become used to seeing the electronic tip option as part of their transaction in paying their bill by card…. Read more »

Quiet Quitting

Posted by & filed under Accounting Careers.

Description: Have you heard of this trend called “quiet quitting?” Workers don’t actually leave their jobs, but they adopt a sort of work-to-rule mentality, setting up boundaries on things like working overtime. Melissa Nightingale, a management trainer, says employees are, in effect, saying “We don’t want to work in the same way we’ve always worked,… Read more »

Back to the Office?

Posted by & filed under Accounting Careers, Student life.

Description: With Labour Day in the rear-view mirror, many employers are calling for their employees to return to their offices, following the Covid-19 work from home phenomenon. Banks and large legal firms seem to be leading the way on this front, insisting that employees spend a certain number of days in the office, despite the… Read more »

Managing Your Finances at School

Posted by & filed under Student life.

Description: School is starting once again. And perhaps your most important financial skill in these inflationary times could be learning to budget. A budget is simply a plan where you determine what is coming in (like your part-time earnings, student loans, summer savings, and help from parents) and then deduct all your expenses (housing, food,… Read more »

Streaming Changes

Posted by & filed under Accounting Careers, Financial Reporting and Analysis.

Description: With word this week that Netflix reported its first drop in subscribers since 2011, and with streaming service CNN+ shutting down only one month after launch, https://www.cbc.ca/news/business/cnn-streaming-1.6426163, it’s no wonder some are speculating about challenges ahead for streaming services. Rising inflationary pressures may be part of the reason for Netflix’s declines, as the video… Read more »