News

The federal government has introduced several changes to taxation and tax benefits for this year — and experts tell CBC News the tax changes related to housing are the ones to watch.

The federal government indexes personal income tax brackets and many tax benefits to inflation. They'll increase by 6.3 per cent this year, says the Canada Revenue Agency.

Philip Mayers (MAcc '86) brings over 25 years of finance and general management experience in financial services businesses to his role as senior vice president and chief financial officer at Sagen - Canada's largest private default mortgage insurance provider.  The School of Accounting and Finance (SAF) caught up with Mayers to discuss his career, the importance of building confidence and competence to make financial decisions for a healthy financial future and why it’s important to him to give back to Waterloo and SAF.

Jacqueline Sue and fellow 2019 Master of Accounting (MAcc) graduate, Jasper Lam are both working in social-focused organizations. In building their careers, both attribute the co- and extra-curricular opportunities they’ve had in leading them into careers with an objective to solve social problems and provide social benefits. The School of Accounting and Finance caught up with Jacqueline and Jasper to learn more about their experiences and their motivations to do good for their community, Canada, and potentially the world.

Blake Phillips is the Director of the School of Accounting and Finance (SAF, September 1, 2022 - ), the ninth director since the School was established in 1980. From 2018 – 2022, Blake served as the Deputy Director for the SAF.

Daily box office earnings can accurately predict stock market returns, according to a new study.

Traditionally quarterly and monthly consumption data is used to predict stock market performance. But using box office earnings – a measure that captures consumption on a more frequent basis – offers more timely and relevant data for decision-makers in the financial markets.

Sheilaah Guthrie, associate director of advancement at the School of Accounting and Finance had the chance to sit down with alum Lana Paton (BMath ’93) whose generous donation established the Lana Paton Women in Finance Scholarship in 2020. Lana is vice-chair and managing partner of the Greater Toronto Area and South Western Ontario Region at PwC Canada and a member of their Extended Leadership Team. The Lana Paton Women in Finance Scholarship was created to encourage and support aspiring undergraduate women to strive for leadership roles. Historically, leadership roles in the finance industry have been dominated by men. The School hopes the scholarship will act as encouragement to bridge the gender gap in leadership roles within finance, accounting, and business in general. Amazingly, Lana’s scholarship has already inspired other alumni to establish similar undergraduate scholarships that will further break down gender disparity and inclusivity barriers. 

Seasoned entrepreneur Ian Weng (MAcc ’13) began his career at KPMG in audit and advisory services after graduating from the Master of Accounting program. While at KPMG he gained a breadth of knowledge and obtained his CPA, CA designation. Like many University of Waterloo alums, however, he caught the entrepreneurship bug and wanted to create something⁠—so he ended up leaving KPMG to start his first tech startup called ChopChop.

A medical technology company launched by two Waterloo Engineering graduates is making news this week with the announcement that a device it developed has been successfully used to treat stroke victims.

Each year, the School of Accounting and Finance (SAF) recognizes and acknowledges our distinguished alumni for the positive impact they have made on the profession, the School and the community. The 2021 School of Accounting and Finance Alumni Achievement Award recipient is Benjie Thomas, who studied in the BA/Chartered Accountancy program and graduated in 1998.

As the world moves into a new norm, the School of Accounting and Finance (SAF) is training future tax professionals who have competitive skillsets, impressive networks, and real-world knowledge of the field of taxation. In 2014, Professors Julie Robson and Jim Barnett founded the Young Tax Professionals (YTP), a for-credit program, that exposes students to the developments and career opportunities in tax. The program also acts as a network that connects students with tax faculty, alumni, and full-time tax professionals.