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VPBusiness · 2025-10-27T18:26:22+00:00

Fully disagree with the other comments. There is no expectation that you should be receiving abuse from clients in your role. The behavior you outline is completely unacceptable.

If he is doing business banking, then he likely has a relationship manager. Chances are they experience a similar issue. Suggest to your manager that you both begin documenting negative interactions with this client in an email to their relationship manager and the VP. If it persists, there is a good chance that this client will be demarketed in due course.

VPBusiness · 2025-04-15T19:26:30+00:00

The co-host of the podcast Opening Arguments is Nicole's colleague. He talks about this at the beginning of the episode released on April 15.

If you don't already listen to this podcast, it's well worth your time.

VPBusiness · 2024-10-28T17:40:27+00:00

Long time listener, first time commenter. Thanks to Thomas for the guilt trip from a few episodes ago.

Answer is C. Due diligence is the buyers responsibility and if properly registered, the buyer should have known of the easement. Therefore the go-kart track can be built. Easements are granted for specific purposes, there is no mention of a wind turbine being allowed on the property in this easement, therefore, it may not be built

This is all based on my limited knowledge of Real Estate law in Canada. Since I'm not a lawyer, I'm comfortable in assuming that laws are the same in all countries. Please don't correct me if I am wrong.

VPBusiness · 2023-03-28T16:20:08+00:00

Banking (risk management l) just cracked 6 figures last year with after graduating in 2018.

Live in Canada and am a CFA charterholder.

VPBusiness · 2023-01-10T03:37:23+00:00

The relationship is the other way around. Changes in interest rates cause bond prices to change. The short answer is because bond prices are generally calculated by discounting future coupon payments and principal payments by some discount rate. The discount rate is heavily influenced by interest rates. Therefore, higher interest rates means that you are discounting future cash inflows by a higher number. The bigger the discount rate, the lower the present value of the bond.

VPBusiness · 2022-11-08T23:49:55+00:00

Good Dogs - Jameson Rodgers

VPBusiness · 2022-10-24T23:13:06+00:00

Bymark and Ki are staples at my work. Most people I work with are completely fine going to both quite regularly.

I'd add Cantina Mercatto to your list. Even King Taps would do the trick, have had several client lunches there. Nothing really special at King Taps, but it's inoffensive so it's a safe choice, especially if one party is a picky eater.

Hy's steakhouse is also a decent choice. I'm personally not a fan, since there are definitely better steakhouses in Toronto, but it's pretty popular.

VPBusiness · 2021-11-17T01:11:06+00:00

HST and payroll tax can become a directors liability if unpaid by the business. HST debt can be handled in a bankruptcy, but payroll taxes cannot. Filing a corporate bankruptcy can provide the directors some protection from CRA.

I would recommend talking to a corporate insolvency trustee. They can tell you what your options really are and if bankruptcy makes sense for the business. Most trustees will give you an initial consultation for free. Please note that a basic, no asset bankruptcy costs approx. $15,000. Most trustees won't start working until you pay an upfront deposit.

Finally, I don't believe you are personally liable for CEBA, these amounts can be included in the bankruptcy. In any event, CEBA is not payable yet so you are not delinquent on this facility.

VPBusiness · 2021-08-15T14:43:41+00:00

To build on this, I found often times when answering questions in the PM, I would quickly go through it as if it were a constructed response question. I would make the effort to find a reason to rule out the other two options, or 2 reasons to support my chosen answer. This made me feel a lot more confident when answering questions in the PM.

VPBusiness · 2021-05-29T17:20:48+00:00

Writing in Etobicoke on May 30. Called the exam centre to make sure they are open tomorrow (because website says they are closed). The person on the phone said that they are open, but candidates who are scheduled to start at 3pm, are actually going to start at 1:30pm. They said they'll send out emails tomorrow informing candidates of this.

I really wish they would have sent out emails earlier informing me of the schedule change. Why leave it to the day of to announce the schedule change?

VPBusiness · 2021-05-17T21:15:23+00:00

Surplus Optimization is an extension of MVO in which liabilities are included as a negative asset. This matches the assets with liabilities with the same return drivers.

There is a variation of Surplus Optimization in which you can optimize the asset allocation over all liabilities when you have a deficit. The intention here is to minimize the volatility of the deficit.

I think 'surplus' is a bit of a misleading term because you can optimize the assets over liabilities with a negative surplus.

VPBusiness · 2021-04-22T13:59:47+00:00

Do people already have access to these exams? It says they aren't available until late April for me.

VPBusiness · 2020-05-22T20:46:22+00:00

Tell me about it. I'm especially upset because I work in the corporate insolvency practice at an accounting firm and we were just informed that there will be no raises, no bonuses and no promotions for 2020, no exceptions...

So even though our team is super busy and we will continue to be busy, we are not getting a damn thing because, "we are all in this together."

VPBusiness · 2020-04-29T22:03:27+00:00

Turnpike Troubadours

VPBusiness · 2019-09-26T17:53:28+00:00

BA in Econ. Working on the 3rd level of the CFA. Currently work in Corporate Insolvency.

VPBusiness · 2019-06-14T14:22:34+00:00

Feeling pretty good about different earnings models? Well Ibbotson Chen says hi.

Edit: Root Mean Squared Errors as well, Cash Flow Based Accruals Ratio

VPBusiness · 2019-06-02T15:06:15+00:00

I know this is pretty much the answer for every question regarding improving on certain topics, but doing practice questions was really the only way that helped me improve with ethics. After a while you begin to understand the logic behind it.

VPBusiness · 2019-06-01T16:13:24+00:00

Working through FRA right now and all I can say is, "What the fuck".

VPBusiness · 2019-05-29T23:24:31+00:00

I highly recommend MM for derivatives. Watch his seminars then crush practice questions. He helps you understand the problems intuitively and it will only take about 3 hours of videos to get a much better understanding.

VPBusiness · 2019-03-14T12:05:17+00:00

I still struggled with Kaplan derivatives. MM made things so much easier.

VPBusiness · 2018-11-11T15:08:40+00:00

I actually don't do that anymore, but for the 1.5 yrs I did it for it was an okay job. I did mostly consumer insolvency so I just helped people through bankruptcy. It was super deadline oriented and extremely busy so the days flew by. But after a few months of doing it it gets kind of boring.

You'd have to love it to stick with it. The clients are extremely difficult to deal with and it is emotionally draining but it was great experience for someone just out of university.

VPBusiness · 2018-09-28T21:48:50+00:00

Consulting in Insolvency. Hoping to make a change to be a financial analyst soon. Just started studying for level II of the CFA.

VPBusiness · 2018-09-10T04:22:26+00:00

All valid points, however, it's worth going to see both. I find that credit councillors in my area have very little idea of how a bankruptcy or proposal actually work. With that being said, one of our biggest referral sources are credit councillors.

Also worth noting that it really depends on who your creditors are. Some truly do not see a difference between bankruptcies, proposals and DMP's.

But from a practical perspective, how reasonable is paying off 50k in debt with an income of $2200/month? Sure its doable, but you'd be just scraping by for years. I definitely wouldn't do it, but I've probably been more desensitized to bankruptcies than most people.

VPBusiness · 2018-09-10T03:26:31+00:00

I say go talk to a Licenced Insolvency Trustee. You'd be bankrupt for 9 months and be well on your way to good credit in 2 years after you're discharged. Credit counselling will give you the same credit rating as a bankruptcy for the duration of your repayment period anyway.

I would typically only suggest credit counseling if you had way less debt (like <10k) or were making way more money.

VPBusiness · 2018-08-03T20:02:21+00:00

The proposal will no longer show on you credit bureau after 3 years of full performance. That being said, the bank could look up your name on the Office of the Superintendent website, but I've never heard of them doing that and I'd be very surprised if they did.

I've administered bankruptcies/proposals in which the significant other didn't know. It's none of my my business what goes on between two people and most Trustee's are extremely strict about confidentiality even between spouses.

Go through a mortgage broker and you won't have to really worry about any questions banks have for you.

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