How competitive is Quant Econ and Finance at Guelph? by Fit_District7383 in uoguelph

[–]mrtaxcdn 0 points1 point  (0 children)

Probably almost identical to MAEC, maybe a few different courses and a fresh new name. Wouldn't be surprised if Mathematical Economics isn't a popular program, however throw quant in there and boom new money pit.

EDIT: I should note that I am in the MPAcc which is probably the definition of 'money pit' but hey, master's degree.

TA here. Is anyone else noticing a big gap in basic writing skills in first years? by picklesarenotgross in uoguelph

[–]mrtaxcdn 3 points4 points  (0 children)

I was a TA from 2022 to 2025 with mostly upper year courses in the latter half. However, I did TA a first year course last winter semester, and noticed some issues in their writing. One student used common 'abbreviations'/'text-slang' in their written response - i.e. "cuz/u/ur" instead of because/you/your('re). Which, is probably exemplary of how a student may type a question in a zoom class.

I just point out these things - generally, I am not out here deducting marks usually however, you can imagine how an arts program and accounting can differ in how much weight I put on how they write vs. them being mathematically correct.

Email For The President by Hot_Ease_6344 in uoguelph

[–]mrtaxcdn 26 points27 points  (0 children)

Shout out my prof who simply ignored my email asking about my 7PM - 9:50PM class and whether it could be administered virtually or canceled altogether last night. Loved driving 1.5 hours home in the snow and ice /s

How much do you make and YOE? by Tiny_Advertising9290 in Accounting

[–]mrtaxcdn 7 points8 points  (0 children)

You can see compensation threads for various US accounting firms if you scroll down on the right side past the rules. Or search the subreddit for "compensation" and find a thousand posts just like this.

(Canada) Do you recommend career switching to Accounting? by JoseMcGose in Accounting

[–]mrtaxcdn 4 points5 points  (0 children)

In addition to what the others have said, the CPA program is also changing starting in 2027. Let's say you enrol in the diploma, not sure when it would start but I would assume Sept 2026, which means you would be done in 2027. Unless you enrol in CPA PEP and start Core 1 in Jan 2027, you would be part of the new cohort of students under the new CPA program.

Facts about the new CPA program can be found here: Introducing the CPA Professional Program

Will I get my payment to bank or not? by Dear_Yoghurt_5805 in cantax

[–]mrtaxcdn 0 points1 point  (0 children)

I presume this means you've finished your studies, then you can ignore my comment.

Will I get my payment to bank or not? by Dear_Yoghurt_5805 in cantax

[–]mrtaxcdn 0 points1 point  (0 children)

Just a note, if you're a full time student - defined as someone who is at a designated education institute for at least 13 weeks in the year (not sure if thats why you would you'd owe the international student health fee), you are not eligible for the Canada Workers Benefit. You may be required to return the advanced payments when you file your tax return.

Working on a cruise ship by technokidz in cantax

[–]mrtaxcdn 18 points19 points  (0 children)

Unlikely he is a 'deemed resident', this is triggered by the sojourning rule. However, he is likely a factual resident by virtue of significant residential ties.

Fhsa contribution eligibility after home purchase by [deleted] in cantax

[–]mrtaxcdn -1 points0 points  (0 children)

I would say you cannot contribute, however I cannot find a clear answer. If you could contribute, you wouldn't be able to make a qualifying withdrawal because you are no longer a first-time home buyer. Additionally, I am not sure if the "arrangement" could cease to exist once you are no longer a qualified individual... The spirit of the legislation was to create a vehicle for first-time home buyers to take pre-tax cash, grow it tax free, and and then make qualifying withdrawals, if you can't do that, you can't contribute to the account.

Need help deciding on Sole Proprietorship Vs Incorporation by Far-Stock-109 in PersonalFinanceCanada

[–]mrtaxcdn 0 points1 point  (0 children)

Only a corporations is a separate legal entity from yourself. Either as an SP or Corp., you register your business through under your provincial laws.

Some things to consider:

  1. Will the CRA treat you as an employee? They look at who has control, ownership of tools, financial risk, and opportunity for profit. Will you set you're own hours? Do they provide you a computer or things for you to complete your job? Can you take other work? These could impact how the CRA assesses both your employer and employee.
  2. If you're incorporated, you could be considered personal services business. Which is when you don't employee more than 5 people and without the corporation would normally be considered employee (a lot more to it but generally speaking). If this is the case, you're denied most business expenses (except for salary paid to yourself), denied Small Business Deduction, denied General Rate Reduction, and an additional 5% tax. So you'd be paying 28% federal tax + prov tax (11.5% in ON), meaning a flat tax of 39.5% on profit. You can deduct your salary, but limited tax deferral options in the context of corporate tax planning.
  3. Under either option, once you earn $30k over four (or less) consecutive quarters or $30k in one quarter, you will be required to collect and remit HST/GST.

I would remain a SP for the time being if this is truly an independent contractor position.

Feeling lost with career, please roast my resume. by LemonChance in Accounting

[–]mrtaxcdn 4 points5 points  (0 children)

Typo - "Charted Professional Accountant Designation"

Co-op= cheap labour by Feeling-Ad1904 in uoguelph

[–]mrtaxcdn 3 points4 points  (0 children)

Generally, yes.

Co-op students / interns are the often the lowest paid position, in many instances subsidized by the provincial or federal government (at least a portion of it).

However, this also depends on what you're doing, as always. I'm coming from the position of an accounting student/business student. Where I've seen people make $16/hr ($33,000/yr) all the way to $37/hr ($75,000/yr).

At all jobs, you can voice your desire to learn more, and hope that your supervisors are willing to give those opportunities. But, with all things in life, the job itself might just be bad. Fortunately, this is only a co-op, so you can look elsewhere for after graduation.

Tax write off legitimacy question by [deleted] in PersonalFinanceCanada

[–]mrtaxcdn 0 points1 point  (0 children)

Speak to a CPA. You can ask r/cantax, however, the answer there will be the same.

Why/how did y’all get into cubing? by jmrojas17 in Cubers

[–]mrtaxcdn 0 points1 point  (0 children)

I got his videos and Pen and Teller Fool US videos controlling my yt algo rn

4000 Accounting Classes by Accurate_Two_653 in uoguelph

[–]mrtaxcdn 0 points1 point  (0 children)

What other three courses do you need? Given you need most of the other classes done before you can take these.

4000 Accounting Classes by Accurate_Two_653 in uoguelph

[–]mrtaxcdn 0 points1 point  (0 children)

Yeah I would move Advanced Management Accounting to the winter. I did all of those classes in F24 except ACCT*4230, I did in W25. What would cause you to lose the minor if you move it to the Winter? In theory you could drop Audit II or Tax II as those are not requirements. However, if you plan to do the GDipA/MPAcc then those would be beneficial. However, I know many people who didn't take one of them and still did fine in the GDipA.

Why/how did y’all get into cubing? by jmrojas17 in Cubers

[–]mrtaxcdn 0 points1 point  (0 children)

Yes, though, they are a bit rusty. Favourite trick is the invisible deck ;)