News Deal with Google

Posted by & filed under Accounting Careers, Canadian Government.

Description: The government of Canada and online giant Google have finally reached a deal regarding use of Canadian news on the web. The deal comes three weeks before the federal government’s Bill C-18, the Online News Act, comes into effect. Google has agreed to pay $100 million a year to Canadian news organizations for use… Read more »

Crunch Time for Ontario Universities

Posted by & filed under Accounting Careers, Canadian governments.

Description: Universities in Ontario are banding together to try and find cost savings through efforts like joint procurement and combining course offerings, all in the shadow of provincial government pressures to find efficiencies before they will be allowed to increase tuition fees. But the Council of Ontario Universities stated the fiscal situation is becoming “increasingly… Read more »

Our Tax Dollars; Korean Jobs?

Posted by & filed under Accounting Careers, Accounting Principles.

Description: The governments of Canada and Ontario are taking some heat after revelations that 1,600 workers from South Korea will be arriving in Windsor, Ontario to install equipment at the NextStar battery plant. Canadians may be rightly concerned, as the provincial and federal governments have contributed billions to bring the battery plant and the related… Read more »

New Limits on RESPs

Posted by & filed under Accounting Careers, Student life.

Description: If you are post-secondary education student benefiting from of a Registered Education Savings Plan (RESP), you may have some good news for your finances. The federal government has upped the amount full-time students can withdraw from the education assistance payments (EAP) portion for their first 13 weeks of study from $5,000 to $8,000. The… Read more »

Giving With Impact

Posted by & filed under Accounting Careers, Student life.

Description: According to Canada Helps, Canadians make 30% of their charitable donations in December. A survey by AFP Foundation for Philanthropy found that Canadians would give more if they were better informed around the impacts that their donations help achieve. Brad Offman, CEO at an organization that provides consulting services to charities, says that “there’s… Read more »

Big Fine for Deloitte

Posted by & filed under Accounting Careers, Auditing, Ethics.

Description: In what could be described as somewhat of an embarrassment, Big Four audit firm Deloitte has been fined $1.59 million by CPA Ontario, the governing body for the accounting profession in that province. Deloitte’s problem was that some employees engaged in “deliberate backdating” of audit working papers on close to 40 audits. Somehow the… Read more »

A Costly Internal Control Lapse

Posted by & filed under Accounting Careers, Accounting Principles, Student life.

Description: The Royal Bank of Canada (RBC) has reached an $8 million settlement that will see it pay out this total, split among three different securities regulators. The Ontario Securities Commission Capital Markets Tribunal approved the settlement for RBC’s control weaknesses in differentiating between capital and operating expenditures in software development. RBC offered that the… Read more »

Air Canada Trying to Settle

Posted by & filed under Accounting Careers, Financial Accounting, Marketing & Strategy, Student life.

Description: Air Canada has been offering disgruntled customers cash or vouchers to settle their claims for travel interruptions. Thousands of Canadians have taken their disputes with Air Canada to the Canadian Transportation Agency (CTA), piling up a backlog of over 60,000 claims for compensation for disrupted travel and other matters. Air Canada maintains it pays… Read more »

The Exchangeable Cup

Posted by & filed under Accounting Careers, Sustainable Development.

Description: A&W appears to be taking a lead in environmental action by bringing to market an exchangeable beverage container through its new One Cup program. For a small $3 fee, the customers can receive this reusable cup that can be exchanged for a clean one each time they order their favourite A&W beverage. In addition,… Read more »