Retired – With a Mortgage?

Posted by & filed under Accounting Careers, Canadian Economy.

Description: High home prices have been bad news for many younger Canadians starting on the home ownership and career journey. But these increased costs have also created stress for older Canadians as they enter the uncharted territory of carrying a mortgage into retirement. Dan Hallett, a financial planner, says “It’s certainly not ideal,” to enter… Read more »

Shape Up Your Finances in 2023

Posted by & filed under Accounting Careers, Student life.

Description: With a new year underway, here is an opportunity to take steps to improve your personal finances. Sandra Fry of the Credit Counseling Society offers six tips to help guide your financial behaviours, starting with the need to understand where you are spending your money right now. In other words, where does your money… Read more »

Doing Well in Ottawa

Posted by & filed under Accounting Careers, Canadian Government.

Description: McKinsey and Company, one of the world’s best known consulting firms, has been doing well in terms of its billings to the federal government in Ottawa. During Prime Minister Justin Trudeau’s time as prime minister, McKinsey earned roughly $66 million in revenue from the Canadian taxpayer, with close to half of that amount in… Read more »

Keeping Those Resolutions

Posted by & filed under Accounting Careers, Student life.

Description: Well, how are you doing with those New Year’s resolutions you made a few days ago at the start of 2023? In the featured New Yorker article, originally published in 2013, we read of the somewhat depressing work of John Norcross, a psychologist who found that within six months only 40% had stuck with… Read more »

Looking Forward

Posted by & filed under Accounting Careers, Canadian Economy.

Description: According to a recent Leger survey, younger Canadians are more pessimistic about the Canadian economy than they were last year at this time. This seems to be reflected in a willingness to hang tight in their current employment versus pursuing a new job. In looking at their personal finances, 22 percent of the respondents… Read more »

Real Estate Regulator Failing

Posted by & filed under Accounting Careers, Auditing.

Description: The auditor general of Ontario has found that the provincial real estate regulator – RECO – is falling down on its job of protecting buyers and sellers. In her value-for-money audit of RECO, auditor general Bonnie Lysyk found various problems with the organization, including a lack of follow-up on consumer complaints and faulty processes… Read more »