Description: The Canada Revenue Agency (CRA) is on the trail in British Columbia, trying to pursue millions in unpaid taxes. A court document indicates that an initial audit shows up to $17 million in unreported income may have been hidden by a Canadian company using offshore firms in the Caribbean and Hong Kong. This may… Read more »
Posts By: Brent White
Banks closing branches
Description: With more and more banking transactions being handled on line, Canadian banks are looking to close branches after years of growth up to about 2014. The Globe and Mail newspaper reported “dozens” of branches would be closing. Approximately 55 % of Canadians say they do their banking on the internet. Date: January 11, 2017… Read more »
Ford changes gears quickly
Description: Ford Motor Company has changed gears on its plans to build a $1.6 billion plant in Mexico. In the face of incoming U.S. President Donald Trump’s threat to invoke a border tax, the auto builder decided to rethink its position. Canadians may be wondering about what all this means for the automakers’ plans to… Read more »
A rather expensive party
Description: This year represents the 150th anniversary of confederation for Canada. And both the previous Conservative administration and the current Liberal government have been piling up the cash to help the celebration along. All told, $500 million has been budgeted to commemorate the anniversary in various forms. Meanwhile, the Department of Finance is predicting the… Read more »
Nice work if you can get it!
Description: It probably doesn’t come as much of a surprise that CEOs are well compensated. But did you realize that shortly before noon hour on January 3, the second work day of the year, the CEOs at the top rung in Canada will have earned more than the average Canadian worker will earn for all… Read more »
Digital ads dominating
Description: It probably doesn’t come as much of a surprise to most of us: digital advertising is continuing to profit while print is in trouble. But television advertising is also seeing its numbers slipping. TV execs are placing some hope in the arrival of “addressable TV” where each home would receive ads based on its… Read more »
Cybertheft
Description: This past Thursday one of the world’s biggest steel manufacturers, ThyssenKrupp, revealed that earlier this year it had been hit by cyberattacks. The hackers, from somewhere in Southeast Asia, stole valuable trade secrets from ThyssenKrupp. The company delayed informing the media about the attack until new security features were put in place. Date: December… Read more »
Library nap time
Description: It has happened to a lot of us, nodding off in the library in the midst of studying for our exams. Students at Edinburgh University have another option now though rather than resting their heads on a desk or finding a comfortable chair in the reading room. Students at the university voted to install… Read more »
Enron anniversary
Description: December 1, 2001: It has been 15 years since that infamous date in financial history when Enron filed for creditor protection under US bankruptcy provisions. Enron’s failure had huge impacts on the accounting profession with the collapse of one of the largest auditing firms, Arthur Andersen. And the Enron collapsed generated additional accountability provisions… Read more »
Doctors heading south?
Description: Doctors are warning that specialists may flee this country for the United States in the face of changing Canadian tax regulations. Canada’s March 2016 budget promised changes that would block certain partnerships and corporations from accessing the small business tax rate. Physicians initially thought that the government had simply swept their group up into… Read more »
Burnley Understanding Financial Accounting, 3rd Canadian Edition
Kimmel Financial Accounting, 8th Canadian Edition
Weygandt Accounting Principles, 9th Canadian Edition
Kimmel Survey of Accounting, 2nd Edition
Kieso Intermediate Accounting, 13th Canadian Edition
Weygandt Managerial Accounting, 6th Canadian Edition
Farmer Cost Accounting, 1st Edition
Savage Accounting Information Systems, 1st Edition