Lyft vs. Uber

Posted by & filed under Contemporary Business Issues.

Description: In the battle of the two giants, ride service Lyft raised $600 million to help it continue the market share struggle against the bigger Uber. Both of these taxi-supplanters are continuing to grow. Uber, however, is facing a few incidents of bad publicity, including the release of a video showing an executive in an… Read more »

Why not millennials?

Posted by & filed under Accounting Careers, Canadian Government.

Description: It’s a bit of a mystery. The average age of new permanent employees joining the public service is 37. That seems a bit long in the tooth, don’t you think? This is causing some to conclude that millenials are avoiding the public service of Canada. This does not bode well for the level of… Read more »

Fixing the tax system

Posted by & filed under Accounting Careers, Taxation.

Description: Tax reform in Canada is a topic in the air as Conservative Party candidates vie for the leadership post and talk of tax reform under U.S. President Trump spurs conversations around Canadian competitiveness. National Post columnist Andrew Coyne contends that it has been over 30 years since Canada has seen significant tax reform. Mr…. Read more »

Using tax policy to help home buyers

Posted by & filed under Accounting Careers, Personal Tax.

Description: With an overheated housing market in Toronto, Canadian Finance Minister Bill Morneau is set to meet with provincial and municipal officials to develop ideas on how policy makers might tame this housing bubble. Tax policy offers a number of options for intervention. For example, the federal government could raise the capital gains tax on… Read more »

More on those fictional renovations in NB

Posted by & filed under Auditing, Ethics, Fraud.

Description: Last week this blog discussed how the assessment service in  Province of New Brunswick invented renovations for over 2,000 residential properties in the province, causing big increases in tax assessments. The Premier has responded to the growing crisis by appointing a retired appeal court justice to examine the system. Anonymous insiders have claimed that… Read more »

How about those Bombardier bonuses?

Posted by & filed under Accounting Theory, Canadian governments.

Description: In an intriguing display of public outrage, approximately 200 protestors gathered outside Bombardier headquarters in Montreal to decry the bonuses granted to company executives while taxpayers have been bailing out the company. With both the federal and provincial governments kicking in over a billion dollars, citizens were outraged that the company opened up the… Read more »

Inventing Renovations

Posted by & filed under Canadian governments, Ethics.

Description: And in a second accounting update from the small Province of New Brunswick, a recent investigation by the CBC has revealed that government officials invented renovations for over 2,000 residential properties in the province, creating big increases in tax assessments for the homeowners. An email revealed that government invented the renos when assessment officials… Read more »

Costing election promises

Posted by & filed under Auditing, Canadian Government, Cost Accounting.

Description: Critics and citizens alike have long decried the lofty election promises politicians make during election campaigns. But now the Liberal government of the tiny Canadian province of New Brunswick appears to be trying to change this dynamic by proposing a law requiring political parties to cost their election platforms. Violators would be punished by… Read more »

Quebec bucks the trend

Posted by & filed under Canadian Economy, Canadian governments, Uncategorized.

Description: While Saskatchewan, Alberta and the federal government in Ottawa have all delivered budgets with big planned deficits in recent weeks, last week the Province of Quebec issued a balanced budget. The budget also promised an income tax cut for Quebec citizens. Could this have anything to do with a coming election in 2018? Date:… Read more »

A budget for science?

Posted by & filed under Canadian Government, Student life.

Description: This week’s federal budget had a number of interesting measures, and one that seems to be very strategic is the announcement of close to $118 million in funding for 25 research chairs in an effort to recruit “top-tier international scholars.” Following the U.S. election and the earlier Brexit vote in Britain, the promise of… Read more »