Rule #1: Get re-elected

Posted by & filed under Canadian Economy, Public Finance.

Description: Former Nova Scotia Finance Minister, Graham Steele, has released a book describing his time in politics. Steele tells his readers of his deep disillusionment with the political experience. The Rhodes Scholar leaves the reader with a list of  rules from the rough and tumble game of politics. Rule #1: Get re-elected Source: Date:… Read more »

Huge IPO for Alibaba

Posted by & filed under Accounting Principles, Advanced Accounting, Intermediate Accounting, IPO's.

Description: In the largest initial public offering (IPO) in US history, Chinese internet marketer, Alibaba, began trading on the New York York Stock Exchange on Friday. Alibaba now has a market capitalization larger than a number of Silicon Valley heavyweights, including Facebook and Amazon. Yahoo, however, may be smiling quietly in the background. As an… Read more »

Should business give any credit for this tax credit?

Posted by & filed under Accounting Principles, Advanced Accounting, Canadian governments.

Description: On September 11, Federal Finance Minister Joe Oliver delivered his first major policy initiative since taking over as Minister earlier this year, with his announcement of a Small Business Jobs Credit.  The aim of the credit is to reduce employment insurance premiums   which in turn may prompt small business to hire more workers. The… Read more »

Richest tax on the rich

Posted by & filed under Accounting Principles, Advanced Accounting, Canadian Economy, Canadian governments, Personal Tax, Tax Planning.

Description: New Brunswick is in the midst of an election campaign, leading up to the September 22, 2014 general election. Some have also said the province is also in the midst of a fiscal crisis, with one popular book on the province’s future using the words “Fiscal Cliff” in its title. In an effort to… Read more »

Having their say on pay

Posted by & filed under Accounting Theory, Advanced Accounting, Corporate Governance, Executive Compensation.

Description: Shareholders are beginning to flex a bit more muscle in Canada when it comes to executive compensation. In short, a recent survey of shareholder voting at some of Canada’s largest companies shows that voters may be aligning executive pay with return to shareholders. Source: Globe and Date: September 7, 2014, last updated September… Read more »

The quiet merger

Posted by & filed under Accounting Careers, Canadian governments, Uncategorized.

Labour Day is often seen as a point of transition. Cottages are closed down for the year. Camping trailers are returned to storage for the winter. Summer turns into fall. This  September 1, 2014, Labour Day marked another transition of sorts in New Brunswick. September 1st this year marked the official launch of the Chartered… Read more »

Bitcoin for your paycheque?

Posted by & filed under Accounting Principles, Advanced Accounting.

A CBC News story from September 1, noted  how a a small  – but increasing – number of employees are beginning to accept the online quasi-currency Bitcoin as payment for their wages. This is evidence perhaps of the growing acceptance of Bitcoin by merchants and the increasing discussion of  Bitcoin currency exchanges. Bitcoin began in… Read more »

Conflict? What conflict?

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

From August 26th to 30th, Canada’s smallest province, Prince Edward Island,  hosted the 55th annual conference of Canadian premiers.  This gathering is sometimes also know as the Council of the Federation. During these sessions, the various premiers discuss issues of common interest, and they communicate with the public on the results of their deliberations through… Read more »