Budget balancing

Posted by & filed under Canadian Economy, Canadian Government, Personal Tax.

Description: The federal government released its budget this week, with a planned surplus of over a billion dollars. One of the tax measures for Canadians was an increase in tax free savings account limit to $10,000 per year. There were also changes in the small business tax rate. Source: thestar.com Date:  April 21, 2015 Link:… Read more »

Shopify to go public

Posted by & filed under Canadian Economy, Financial Accounting, Managerial Accounting.

Description: Ottawa area tech company Shopify is getting set to go public, perhaps helping to put some lustre back on Canada’s tech image after well-publicized problems at Blackberry and Nortel. The initial public offering is expected to raise in the range of $100 million for the company. Shopify provides an internet platform that retailers can… Read more »

Taxes and democracy

Posted by & filed under Canadian Economy, Student life, Taxation.

Description: A new film, The Price We Pay, is bringing to us the European debate about how to handle huge companies that use tax havens to shift billions in profits offshore. Companies like Starbucks and Amazon have already seen pressure on this issue. The  film questions whether some of the tax havens may have received… Read more »

Selling off Hydro One

Posted by & filed under Advanced Accounting, Canadian Economy, Public Finance.

Description: Premier Kathleen Wynne has now joined the list of three previous Ontario premiers who have proposed selling of Hydro One, the provincially owned electric utility. With a probable value in excess of $15 billion, Hydro One may be an attractive target for privatization. The Premier sees the funds generated from sale of this Crown… Read more »

Mega-rich like Toronto

Posted by & filed under Accounting Careers, Canadian Economy, Taxation.

Description: According to a  report released on March 5 by real estate  consultants  Knight Frank, Toronto ranks among key cities for the Mega-rich. Those with lots of money apparently see much that is attractive in Canada’s most populous city. Meanwhile, Sotheby’s International Realty Canada suggests that Toronto will continue to lead the luxury real estate… Read more »

Job quality heading south

Posted by & filed under Accounting Careers, Canadian Economy.

Description: More Canadians are becoming self-employed. And wages of those employed seem to be falling. A study by the Canadian Imperial Bank of Commerce shows rather alarming trends in measures of job quality, looking at data from a 25 year span. Source: Globe and Mail.com Date:  March 5, 2015 Link:  http://www.theglobeandmail.com/report-on-business/economy/job-quality-in-canada-sinks-to-all-time-low-cibc-index-shows/article23303996/ Discussion Points: 1) How… Read more »

Pension woes

Posted by & filed under Advanced Accounting, Canadian Economy, Financial Reporting and Analysis.

Description: Interest rates continue to fall, signalling bad times for pension funds and pension recipients. As rates fall, the present value of the liabilities in defined benefit pension plans increase. An increase in liablities, often means that a company must contribute more cash to the pension plan. Source: Globe and Mail.com Date:  February 20, 2015… Read more »

Target leaving town

Posted by & filed under Canadian Economy, Corporate Strategy, Financial Reporting and Analysis.

Description: Many were caught by surprise last week when retail giant Target announced it was ending its Canadian experiment and closing all of its stores here. Many have speculated on what went wrong in this strategic misstep. Impacts of Target’s withdrawal may be difficult to assess, but it will certainly hit the retail real estate… Read more »

Six big predictions for 2015

Posted by & filed under Accounting Careers, Canadian Economy.

  Description: Saturday, January 3, the Report on Business cover story highlighted “Six stories to watch in 2015.” These six included discussion on oil uncertainty, housing prices, and the expectations for Canada’s banks. As a business student, you might find it useful to save this article after you read it. Then, set yourself a reminder… Read more »

Forestry falling fast

Posted by & filed under Accounting Careers, Canadian Economy, Managerial Accounting.

  Description: Ten years ago, over 300,000 Canadians made their living in the forestry and related industries. Since then, Canada has lost close to 120,000 jobs in the sector. Currency issues, commodity price swings, and the rise of the internet are all contributing factors to this decline. Meanwhile though, Canadian that depend on forestry jobs… Read more »