Canada’s corporate income tax fight

Posted by & filed under Canadian Economy, Corporate Restructuring, Taxation & Planning.

To Lower or not to Lower Corporate Tax Rates? Let us look at a few conflicting arguments. We are presently in the mist of a Federal Election, and all the major parties have different arguments to increase or decrease taxes. All three parties basically seem to get the notion of corporate competitiveness and the link… Read more »

Bauer Performance Sports Ltd. to List on the TSX

Posted by & filed under Canadian Economy, Financial Accounting.

Bauer heads to the TSX      Canadians claim that “hockey is our game,” but that boast disguises  deep-seated unease over the creeping Americanization of the professional sport. That is why we hold on to nostalgic fantasies of the Jets returning to Winnipeg, the Nordiques going back to Quebec City, and the Maple Leafs returning… Read more »

Internal Auditing a career to consider!

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

Profession: Internal Auditing is now a fully developed profession, Internal audit developed as an extension of the external audit role in testing the reliability of accounting records that contribute to published financial statements. These are exciting times for internal auditors, especially those who see themselves as agents of change within the organization. The drive to… Read more »

Discover what your RRSP can do for you: Students should consider investing, read below!

Posted by & filed under Canadian Economy, Taxation & Planning.

Learn the top 8 reasons to contribute to your RRSP this year. 1. Make your golden years more golden: The first and foremost reason to sock money away in an RRSP is to help ensure you have a comfortable retirement. “Being old and poor isn’t much fun,” says Sheila Walkington, a money coach co-founder of… Read more »

Assessing Operational Risk: A New Profession In The Making!

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

Have you ever wondered what is the fundamental purpose of a Corporation: You are correct in assuming “To Make a Profit”. Henry Ford once said ” A Business that makes nothing but money is a poor kind of business”. Let us put ourselves into perspective and see what we are referring to. Looking back a… Read more »

GM IPO

Posted by & filed under Canadian Economy, Corporate Restructuring, Financial Accounting, Financial Statement Analysis.

What is an IPO? An initial public offering, or IPO, is the first sale of a corporation’s common shares to investors on a public stock exchange. The main purpose of an IPO is to raise capital for the corporation. While IPOs are effective at raising capital, being listed on a stock exchange comes with heavy… Read more »

The concept of Bankruptcy!

Posted by & filed under Accounting Careers, Canadian Economy, Corporate Restructuring, IFRS.

The concept of bankruptcy is difficult to grasp and understand. Often the causes are due to Greed , Economic Conditions or Mismanagement. In essence Bankruptcy is a capitalistic concept-it is the loss of capital, an inability to pay a person’s or company’s creditors. Accounting is a tool that provides information to management, to identify the potential… Read more »

Four things that will slow Canada’s growth

Posted by & filed under Accounting Careers, Canadian Economy.

The Canadian economy is coming off a “sugar high” and will face four impediments that will slow growth going forward. 1. A weaker U.S. economy 2. Softness in Canadian housing 3. Fatigued consumers and 4. Fading stimulus will all conspire to limit growth to the 1.5% to 2.2% range   U.S. exposure U.S employers have been… Read more »