The PPE Suppliers Disappear

Posted by & filed under Accounting Careers, Contemporary Business Issues.

Description: In the early days of the SARS-Cov-2 pandemic, many Canadian companies responded to the requests from the federal and various provincial governments to help fill the need for personal protective equipment (PPE) for our health care workers. But now 90% of those businesses have collapsed as Canadian governments and hospitals have inked contracts with… Read more »

“Beyond Frustrating”

Posted by & filed under Accounting Careers, Canadian Government.

Description: The Government of Canada is scrambling to collect payroll over-payments from thousands of its employees before it runs out of time. These over-payments were generated by the much-maligned Phoenix payroll system, and, the statute of limitations to recover these amounts expires after six years. Phoenix went live in 2016 and problems with pay were… Read more »

Indigo Hit

Posted by & filed under Accounting Careers, Data security.

Description: Indigo Books and Music has a new website up and running following a recent cyberattack. But in this temporary site, Indigo says you can only “window-shop online.” You may browse, but if you find an item that interests you, you will need to go to an Indigo or Chapters store to purchase it. Indigo… Read more »

Google Layoffs Hit Canada

Posted by & filed under Accounting Careers, Canadian Economy.

Description: Google has announced that it is laying off 12,000 workers worldwide. The impact is being felt in Canada, although the extent of job loss here was not immediately evident. Google joins other big tech companies in the layoff trend as Amazon, Microsoft, and Meta have handed out notices to employees in recent weeks. Sundar… Read more »

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 »