Taking on the Giant

Posted by & filed under Accounting Careers.

Description: Canada’s competition bureau is taking on Amazon, the giant of the retail world that has only grown stronger during the Covid-19 period. The basic problem, as has been observed by US Senator Elizabeth Warren, is that Amazon owns the marketplace, and the company sells its wares in that same market. This conflict of interest… Read more »

3 Recessions Already!

Posted by & filed under Accounting Careers.

Description: For those in the early stages of their careers – with birth years of 1980 through 1996 – the COVID-19 virus has introduced them to their third recession. The CBC interviewed three Canadians in this category to get some perspective and advice. One of those interviewed, Jessica Moorhouse, transitioned from an educational background in… Read more »

Summer Jobs

Posted by & filed under Accounting Careers, Student life.

Description: The COVID-19 virus has created havoc in the summer job market for students. Regular summer jobs are disappearing, as well as positions for student practicums and co-op opportunities. The loss of practicums is especially concerning as they are often required for graduation from certain programs. The Prime Minister has responded that the federal government… Read more »

What’s a Leap Day Worth?

Posted by & filed under Accounting Careers, Canadian Economy.

Description: The Financial Post took an interesting approach to February 29 this year, slowing things down a bit to reflect on what happens during one day in the Canadian economy. Among the fascinating facts listed is that 4,240,584 barrels of oil are taken from the earth while at the same time 63.7 carats of diamonds… Read more »

Coronavirus and Tourism

Posted by & filed under Accounting Careers, Canadian Economy.

Description: The Coronavirus story is lingering on. One industry that seems to be suffering is tourism, with travel agents and tourism operators bracing for a decline in activity lingering into 2021. An executive at the Hilton hotel chain estimates the company will be affected somewhere between $25 and $50 million. Date: ¬†February 16, 2020 Source:¬†… Read more »

Canada Goose and the Virus

Posted by & filed under Accounting Careers.

Description: Canada Goose, the high-end garment manufacturer, is predicting a decline in sales this year. The reason for this might surprise you a bit: it’s the impact of the coronavirus on sales in China. The outbreak of the illness has slowed both retail sales and web transactions. Date:  February 7, 2020 Source:  cbc.ca Link: https://www.cbc.ca/news/business/canada-goose-1.5455981… Read more »

The Minimalist Approach

Posted by & filed under Accounting Careers.

Description: Have you ever heard of the minimalist approach? More than that, have you heard about how it might maximize your financial future? If your basement and closets are full of stuff you don’t use, you’re probably not a minimalist. Organize your finances by setting up a budget and making your shopping trips more intentional…. Read more »

CRA Gets a “D”

Posted by & filed under Accounting Careers, Personal Tax.

Description: The Canadian Federation of Independent Business (CFIB) doesn’t think the Canada Revenue Agency (CRA) is doing a very good job responding to inquiries from its members. The federation has given the CRA a “D” grade, observing the tax agency takes too long to respond, and, when it does, businesses often get incomplete information. The… Read more »

AI: Not as Bad as Feared?

Posted by & filed under Accounting Careers.

Description: The robots may still be coming – coming for your job that is – they just aren’t coming as fast as expected, at least according to research carried out this past year by the federal government. Nonetheless, expectations are that 11% of jobs could be replaced by some form of artificial intelligence (AI) in… Read more »

4 Tips on Debt

Posted by & filed under Accounting Careers, Canadian Economy.

Description: With many out doing their Christmas shopping, fears of personal debt are often around the corner. The Toronto Star offered four tips to keep you out of trouble. Number one is decide what to spend, then cut that number in half. Date:  December 2, 2019 Source:  thestar.com   Link: https://www.thestar.com/business/2019/12/02/four-smart-ways-to-stay-out-of-debt-this-holiday-season.html Discussion points: 1) Have… Read more »