Leases to explore, or: keep digging!

Here’s another issue recently discussed by CPA Canada’s IFRS Discussion Group In Canada, the government generally owns all minerals and rights over those minerals beneath the ground, while individuals and entities own freehold ownership interests over the surface of the land. In mining and oil and gas industries, an entity may acquire from the government…

Accountants and infrastructure: holding up the bridge!

Here’s a cherished memory from earlier this year: Democratic congressional leaders emerged from a meeting at the White House on Tuesday and announced that President Trump had agreed to pursue a $2 trillion infrastructure plan to upgrade the nation’s highways, railroads, bridges and broadband. Senator Chuck Schumer, the minority leader, said that there had been…

The Purpose of a Corporation – do we applaud yet?

As we covered last time, America’s Business Roundtable has issued a Statement on the Purpose of a Corporation In the words of the Roundtable’s own press release, the revised statement sets out “modernized principles (which) reflect the business community’s unwavering commitment to continue to push for an economy that serves all Americans.” Put another way,…

Impact investing – we want it all!

A recent commentary in the Globe and Mail, by Philippe Le Houérou and Paul Lamontagne, kicks off as follows: Across the world, the appetite for impact investing is growing. The prospect of investing in funds that deliver solid financial returns while doing good can be appealing, especially for young investors who are showing an increasing…