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 »
Posts Categorized: Student life
A Costly Internal Control Lapse
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 »
Students Failing on Online Security
Description: If online security were a university course, many Canadian post-secondary students would have a failing grade, at least according to survey results from RBC’s Students and Fraud Poll. Eighty percent of the students admit to vulnerabilities, including 28% who had shared their passwords on debit and credit cards. With fraudsters becoming more resourceful, it’s… Read more »
Air Canada Trying to Settle
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 »
Beware of “Shrinkflation”
Description: Watch out for “shrinkflation,” that practice of producers shrinking package sizes to compensate for increasing costs. Instead of passing on the increasing costs to the end consumers, these companies shrink the box size. Shrinking packaging causes consumers, like Ellyn Newall of Edmonton, to feel duped. After getting her grocery order home, Ellyn realized Post’s… Read more »
Crazy Times at London Drugs
Description: According to Clint Mahlman, CEO of pharmacy chain London Drugs, despite a rise in violent shoplifting incidents in Vancouver, the business has no plan to close any stores in the city. “We are at a crisis point in retail,” Mahlman noted. The losses from theft amounts to “tens of millions” per year, and the… Read more »
Pharmacare Would Cost – and Save?
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 »
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 »
A 47-Year Mortgage
Description: Negative amortization is pushing some Canadian homeowners to longer and longer mortgages. When rising interest rates eat up more and more of a fixed payment from a client, the life of the mortgage gets extended to allow more time to pay off the principal. Homeowner Michael Girard-Courty now finds that only $27 of his… Read more »
A Tiny Step
Description: Vancouver-based holding company Tiny has stepped into the film space by acquiring 60% of the shares of Letterboxd. Letterboxd is a film rating service that also allows users to develop a diary of their film experiences. Letterboxd has over 10 million users, including a number of celebrities. Date: September 29, 2023 Source: ctvnews.ca Link:… 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