Canada’s export edge

Posted by & filed under Accounting Careers, International Business Operations.

Description: A December 2015 report from the Conference Board of Canada discusses Canada’s growth potential in the expanding world market for services. Information processing and professional services are a couple of the key areas offering opportunities in this global marketplace. The report notes that one of the important strategic moves that will help fuel growth… Read more »

Is it too small to measure?

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

Description: The Ontario government has delivered close to $1.5 billion in support to business since 2004. But Ontario Auditor General Bonnie Lysyk revealed last week that the government can’t tell its citizens whether or not all this funding has produced jobs or economic growth. The province’s minister responsible for the economic development portfolio countered that… Read more »

How’s your power bill?

Posted by & filed under Auditing, Canadian Government, IPO.

Description: Consumers are not fond of rising power bills. But how would you feel if you were an electricity consumer last week when provincial Auditor General Bonnie Lysyk reported that citizens of Ontario paid $37 billion in excess of market prices over an eight year period. That’s billion with a “B” folks. It comes at… Read more »

In debt at home

Posted by & filed under Accounting Careers, Canadian Economy.

Description: Almost 40% of Canadians owning homes have found themselves in some sort of cash flow crisis in the preceding year according to a recent Globe and Mail report. Increasing house prices might explain why Canadians are reaching out to relatives or loading up the credit card to get through a tough spot in paying… Read more »

Waiting for tax changes

Posted by & filed under Personal Tax, Tax Planning.

Description: During the recent federal election  the Liberals, while supporting cuts in the small business tax rate, expressed concern about businesses being set up mainly to avoid paying higher rates of taxes. Now that the Liberals  are in office, some doctors and lawyers fear that the new government may alter the rules on Canadian controlled… Read more »

Lighter than expected

Posted by & filed under Data security, eCommerce.

Description: There were still lineups of course. And many retailers were offering deals. But Black Friday this year seemed to have less retail store traffic in the US than in some prior years. Of course, now with some retailers opening on Thanksgiving Thursday, some consumers may have already made their purchases.  And online purchases were… Read more »

Where’s my porcelain mug?

Posted by & filed under Managerial Accounting, Student life.

Description: Last year 3G Capital Partners LP of Brazil purchased Canadian coffee giant Tim Horton’s. It’s perhaps a sign of 3G’s famous cost-cutting behaviour that some Tim’s outlets are doing away with the  classic porcelain coffee mugs in favour of an all paper cup regime. It’s unlikely that all patrons will be happy with this… Read more »