Why not millennials?

Posted by & filed under Accounting Careers, Canadian Government.

Description: It’s a bit of a mystery. The average age of new permanent employees joining the public service is 37. That seems a bit long in the tooth, don’t you think? This is causing some to conclude that millenials are avoiding the public service of Canada. This does not bode well for the level of… Read more »

Fixing the tax system

Posted by & filed under Accounting Careers, Taxation.

Description: Tax reform in Canada is a topic in the air as Conservative Party candidates vie for the leadership post and talk of tax reform under U.S. President Trump spurs conversations around Canadian competitiveness. National Post columnist Andrew Coyne contends that it has been over 30 years since Canada has seen significant tax reform. Mr…. Read more »

Using tax policy to help home buyers

Posted by & filed under Accounting Careers, Personal Tax.

Description: With an overheated housing market in Toronto, Canadian Finance Minister Bill Morneau is set to meet with provincial and municipal officials to develop ideas on how policy makers might tame this housing bubble. Tax policy offers a number of options for intervention. For example, the federal government could raise the capital gains tax on… Read more »

Role Model

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

Description: Janet De Silva is the CEO of the Toronto Region Board of Trade. She recently offered several key observations about her career path and success. One particular piece of advice that stands out is don’t pretend you are an expert when you take on an overseas assignment. Date: March 5, 2017 Source: theglobeandmail.com Link: http://www.theglobeandmail.com/report-on-business/careers/management/janet-de-silva-one-thing-that-has-enabled-me-to-succeed-in-business-is-not-pretending-im-the-expert/article34201870/… Read more »

Deceptive pricing at the Bay?

Posted by & filed under Accounting Careers, Ethics.

Description: The federal Competition Bureau is suing Hudson’s Bay Company (HBC) under allegations of deceptive pricing. Apparently, HBC listed a sleep set with a sale price of $788, noting that the regular price was $1,998. The problem was, HBC hadn’t sold a single unit at the regular price, prompting the Bureau to believe the retailer… Read more »

The Taxman Cometh

Posted by & filed under Accounting Careers, Taxation.

Description: The Canada Revenue Agency (CRA) is coming; coming for taxes that is.  CRA is expanding an audit program to ferret out wealthy individuals and companies that may have been avoiding taxation, particularly through offshore activities. The federal government has directed an additional $444 million over the next five years to help the CRA’s audit… Read more »

How do you handle someone like this?

Posted by & filed under Accounting Careers, Ethics.

Description: In the news this week, we saw a couple of versions of President Donald Trump’s behaviour. Early in the week, we saw a rather uneventful meeting with Prime Minister Justin Trudeau. Then, later in the week, we saw a rather unusual news conference with what we might call bullying of the news media. How… Read more »

Tim’s owner looking for acquisition

Posted by & filed under Accounting Careers, Marketing & Strategy.

Description: It might be Roll-up the Rim contest time, but Tim Horton’s parent company, Restaurant Brands International, is looking for more than free coffee and doughnuts. Restaurant Brands is looking to add to its  roster of Burger King and Tim’s  through acquisitions. Popeye’s was rumored to be on the take-over list, but talks may have… Read more »

Every 20 years or so

Posted by & filed under Accounting Careers, Auditing.

Description: A lawyer friend of mine – who also happens to be a chartered accountant – has told me that roughly every 20 years or so, it seems that the Supreme Court of Canada deals with a case on auditor liability. Well, the 20 years must be up as on February 15, 2017, the Supreme… Read more »

Looking for taxes

Posted by & filed under Accounting Careers, Taxation.

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 »