Description: According to the Parliamentary Budget Officer (PBO), a national pharmacare program with one single public sector payer would cost taxpayers an additional $11 billion in its first year. Currently, prescription drugs are paid through a variety of government, employer, and citizen contributions, with the total governments’ share at 46% and private insurance companies picking… Read more »
Posts Categorized: Accounting Careers
Financial Stress Rising
Description: A survey from the National Payroll Institute finds financial stress is rising among Canadian workers. Thirty-seven percent of those surveyed reported financial stress, with over sixty percent of that group indicating they need to spend their full net pay just to keep even. Meanwhile, thirty percent of those undergoing stress are drawing down savings… Read more »
The Underground Economy
Description: Statistics Canada reported last week that it estimates Canada’s underground economy was approximately $70 billion in 2021. This unreported activity was up about five percent over 2020. The largest components of the underground economy are residential construction, at 35 percent, followed by real estate rentals at 12.7 percent and retail at 10.5 percent. Statistics… Read more »
Are You Learning AI?
Description: Failing to learn to work with Artificial Inteliigence – or AI, as it is commonly called – may be a major career mistake. In an example that may surprise you, clinicians at Toronto’s St. Michael’s Hospital Toronto are already using AI to their advantage in areas like patient monitoring and staff scheduling. Statistics Canada… Read more »
Twenty-Year Coding Error
Description: Injured workers in Ontario may have been surprised this week when the Workplace Safety and Insurance Board (WSIB) announced that more than 100,000 workers would be receiving payments to make up for being “shortchanged” over the last twenty years. These payments will total approximately $42 million. The situation can be attributed to a coding… Read more »
Messy Breakup for Accountants?
Description: It sounds like a bit of a messy breakup for Canada’s professional accountants. In June, the provincial bodies for Chartered Professional Accountants in both Ontario and Quebec informed the national umbrella organization, CPA Canada, that they were triggering the withdrawal mechanism that would see them leave in 18 months. Meanwhile though, six former chairs… Read more »
Rat Infested?
Description: Rat infested: It’s a headline that kind of gets your attention eh! When it comes to a description of our Prime Minister’s official residence, it’s a sad summary statement on the state of a public building. Justin Trudeau has not occupied 24 Sussex, his childhood home, since he was elected in 2015. And his… Read more »
Back to the Office Push-back
Description: Canadian banks have been making it clear that it is now time for employees to head back to the office for at least three or four days a week. The hybrid or remote working arrangements that exploded in the pandemic may be coming to an end. But “not so fast,” say office workers. Linda… Read more »
13 Billion on Batteries
Description: The Government of Canada is offering $13 billion in subsidies to Volkswagen to build the first auto battery plant in North America. The federal assistance is to be delivered through tax subsidies, contingent upon Volkswagen meeting agreed upon output targets. VW’s planned plant in St. Thomas, Ontario, is slated to open in 2027. It’s… Read more »
Meteorite Money
Description: Sonic booms and a bright fireball that could be seen in broad daylight marked the crashing meteor that left a trail somewhere near the Maine-New Brunswick border last Saturday. And now, all you have to do is find a one kilogram piece of the space rock in the woods to earn yourself a $25,000… Read more »
Burnley Understanding Financial Accounting, 3rd Canadian Edition
Kimmel Financial Accounting, 8th Canadian Edition
Weygandt Accounting Principles, 9th Canadian Edition
Kimmel Survey of Accounting, 2nd Edition
Kieso Intermediate Accounting, 13th Canadian Edition
Weygandt Managerial Accounting, 6th Canadian Edition
Farmer Cost Accounting, 1st Edition
Savage Accounting Information Systems, 1st Edition