Matt While Milton Friedman preaches the gospel of the free market and free trade, he ignores anything that interferes with the beauty and metaphysical elegance of his ideology. Warren Buffett – by contrast – practices the trade of business in the real world. Buffett uses the term “economic moats” to describe a company’s ability to maintain … Read more
According to Market Research firm Mordor Intelligence:“The accounting software market is experiencing significant growth. As of 2024, the market size is estimated to be around 27.6 billion dollars and is projected to reach 42.9 billion by 2029.” So what does that mean for Canada’s small businesses? We went to the CODAT GUIDE TO THE ACCOUNTING … Read more
These days the conventional wisdom is that you can take someone with average intelligence and buy them a QuickBooks license. Then get them to watch a couple of YouTube videos, and do the company’s books.Certainly the folks at QuickBooks (or XERO) would like you to believe that anyone can do their own books – with … Read more
As of 2021, approximately 74.1% of Canada’s union members work in the public sector. This is significantly higher than the private sector, where unionization rates are much lower. Of course that percentage doesn’t include private sector workers whose employers use significant assets owned by, or subsidized by the Canadian Government. Things like our major ports, … Read more
Anyone reading the headlines in Canada’s mainstream media outlets could be understandably upset about the state of Canada’s government-funded healthcare system. A Globe and Mail Analysis describes: The rough state of emergency care. In many provinces’ hospitals, wait times stubbornly refuse to come down to pre-pandemic levels – and others gave out no data about … Read more
With the election of Donald Trump, Canadians should resist the temptation to be smug about the level of political debate in Canada. We think the Donald himself would approve! Oh, and by the way – what’s with the hands? Related Content: Federal Liberals promise GST holiday: Political Pulse Panel | CBC.ca The prime minister’s promise … Read more
The Canadian Legal System is complex. There are a great many excellent resources available online, being professionally maintained – at no cost to users. In this video we look at 3 excellent sources. Related Content: CanLII Justice Laws Website
Just this morning I was on a video conference with a chartered accountant from India and our shared client and his local accounting technician. One of the issues was the complexity of Canada’s goods and services tax regime. It wasn’t supposed to be that way. I was around when the conservative government of the day … Read more
If we include the self-employed as ‘workers’, fully 98% of Canada’s private sector firms have less than 50 employees. Zero point one percent of firms have 500 employees or more. These large firms account for a little les than a third of private sector employment. They are large, hierarchical organizations. Clearly the senior managers of … Read more
So what is critical thinking? In this post we’ll examine how one Carleton University business professor used his critical thinking skills to rationalize an 8.4 million dollar salary to George Weston’s grandson during the pandemic. George Weston Limited is probably Canada largest company with an estimated 155,000 employees. The conglomerate has deep roots in the … Read more