Description: Loblaws, a major Canadian grocer, was hit with a massive $368 million tax bill in a case held before the Tax Court of Canada. The case was not directed against the grocery business, but rather at a Bahamian banking subsidiary of the grocery chain. Although Loblaws intends to appeal the decision, officials announced that… Read more »
Posts Categorized: Accounting Careers
Trouble at Leon’s
Description: Succession issues can pose a serious problem with family owned businesses. It seems that this is the case at Leon’s furniture where family members are now feuding over ownership of a certain class of shares. A complex series of trust arrangements appears to be a central issue as a widow of one of the… Read more »
No wonder the payroll can’t get paid!
Description: Many Canadians have heard by now of the Phoenix payroll system failures. (It was featured in this blog on November 27, 2017.) The delays in federal employees getting the right pay at the right time just don’t seem to be disappearing. And, this week we learned there aren’t anywhere near enough parking spots for the… Read more »
Debt in retirement
Description: And in another poll, along comes the sobering news that many Canadians are carrying mortgages into retirement. Roughly 25% of those between 55 and 80 seem to have some form of debt. A Toronto financial planner states “it suggests that a large percentage of the population either doesn’t think about retirement much or doesn’t… Read more »
Not again!
Description: Well, I got an interesting letter the other day. I once owned a Nissan, so when a letter came in from Nissan Canada Finance, I thought, “here we go again; they’re telling me what a great time it would be to see my local Nissan dealer again and finance another car.” But when I… Read more »
Worth remembering
Description: On December 6, many gathered in Halifax for a special ceremony commemorating the 100th anniversary of the Halifax Explosion. On December 6, 1917, two ships collided in Halifax harbour. One of them, heavily loaded with munitions, caught fire and soon exploded, leveling neighborhoods, killing approximately 2,000 people, and injuring many more. Professor Jack Rozdilsky… Read more »
AG and Premier collide
Description: Meanwhile, in Nova Scotia, Premier Stephen McNeil questioned the findings of provincial Auditor General Michael Pickup regarding a shortage of physicians in Nova Scotia. The Premier appeared to be saying that Mr. Pickup had strayed into the policy field in his audit of doctor shortages in Nova Scotia. He noted that if the Auditor… Read more »
RBC goes AI
Description: Last week this blog noted how Montreal is moving ahead with the aerospace industry. This week, Montreal is in the spotlight again. RBC is investing in an AI (artificial intelligence) laboratory in Montreal, building on its business efforts with this technology in Edmonton and Toronto. Date: November 21, 2017 Source: ctvnews.ca Link: http://montreal.ctvnews.ca/rbc-looks-to-get-smart-with-montreal-artificial-intelligence-lab-1.3687375 Discussion… Read more »
Aerospace booming in Quebec
Description: Not that long ago Bombardier appeared in some trouble and was cutting staff. But this week Bombardier disclosed plans to hire 1,000 additional workers over the next 18 months. And it’s not just Bombardier with good news for Quebec workers. Aerospace Montreal, an industry promoter, predicted over 30,000 aerospace jobs would need to be… Read more »
How do we change the culture?
Description: This past week a study revealed that only 5% of Canadian tech companies have been founded by females. A similar 5% have a female CEO with females representing only 13% of the executive team. Further, 53% of these tech companies had no female executives. About a month ago, the Canadian Security Administrators released a… Read more »
Canadian Accounting Products
- Accounting Principles Seventh Canadian Edition
- Intermediate Accounting Eleventh Canadian Edition
- Financial Accounting: Tools for Business Decision-Making, 7th Canadian Edition
- Understanding Financial Accounting, Canadian Edition
- Managerial Accounting: Tools for Business Decision-Making, 3rd Canadian Edition
- Cost Management: Measuring, Monitoring, and Motivating Performance, Canadian Edition
- Auditing: A Practical Approach Second Canadian Edition
- Auditing: A Practical Approach Extended Canadian Edition
- Advanced Accounting, Canadian Edition
- Accounting for Managers, Canadian Edition
