Tax on Stock Buybacks

Posted by & filed under Financial Reporting and Analysis, Student life.

Description: The federal government is set to introduce a 2% tax on stock buybacks. The government hopes this move will encourage companies to reinvest their profits in order to grow and benefit the Canadian economy, rather than buying back shares with excess cash. Kim Forrest of Bokeh Capital Partners does not believe the 2% penalty… Read more »

Price Freeze

Posted by & filed under Marketing & Strategy, Student life.

Description: Loblaw is freezing its prices on approximately 1,500 store-brand “No Name” products until 31 January 2023. Some experts are labeling the freeze as a publicity move, something to blunt public and political rhetoric around profiteering by grocery giants. Another grocery chain, Metro, followed suit by announcing its own price freeze shortly after Loblaw made… Read more »

Oil Shock

Posted by & filed under Student life.

Description: When Canadians are thinking sticker shock on oil, they are usually thinking about gas prices rising for their automobiles. But if you have been watching your grocery order closely, you may have noticed vegetable oil, a staple supply for the cupboard, has been rising at quite a rate. Statistics Canada data shows a 3… Read more »

Get Ready for Fees

Posted by & filed under Financial Accounting, Student life.

Description: Starting October 6, Canadian merchants are permitted to pass along credit card fees to consumers. In fact, Telus has already announced that it will do so. But retail watcher Bruce Winder said he does not see most restaurants and or retailers passing these fees along, fearing a possible customer backlash in an inflationary environment…. Read more »

Food Insecurity on Campus

Posted by & filed under Student life.

Description: The inflationary trends on food prices have hit students at Canadian universities, where some have had to turn to campus food banks for relief. Erin O’Neill of the University of Alberta’s campus food bank reports that hundreds of students have registered with the program. Mount Royal University faculty produced survey results reporting food insecurity… Read more »

Loading up on Debt

Posted by & filed under Financial Reporting and Analysis, Student life.

Description: Canadians are taking on more debt with Statistics Canada telling us that debt per household in Canada is now 181.7 per cent of income. This figure is up from just under 180 per cent in the previous quarter. According to Ksenia Bushmeneva, an economist with TD Bank, “the selloff in financial markets earlier this… Read more »

Restaurant Prices Up

Posted by & filed under Financial Reporting and Analysis, Student life.

Description: It’s probably no surprise that with inflation cranking up the food prices in the grocery stores that it would also cost us more to eat out. According to Restaurants Canada, we will see the cost of dining out increasing by 7.8 per cent by the time we say “goodbye” to 2022. Rising costs for food… Read more »

Help with Inflation

Posted by & filed under Personal Tax, Student life.

Description: The Government of Canada is directing financial relief to citizens with lower income to help them deal with this current inflationary environment. One measure is the doubling of the Goods and Service Tax Credit (GSTC) for those with family incomes under $39,826 in 2021. A second measure, the Canada Dental Benefit, will provide cash… Read more »