The Evolution of Bookkeeping Has Come A Long Way
The first ‘record’ of accounting dates back as early as the Mesopotamian civilization, where simple documentation was maintained in the books. Around the 15th century, an Italian monk named Luca Pacioli, considered the father of accounting, developed the double-entry bookkeeping system, which changed the accounting landscape completely. The evolution of bookkeeping has a come a long way from the 15th century when accounting ledgers were completed by hand, compared to today’s digitized process.
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Canadians “Guessing” Their Way into Retirement
CIBC’s latest annual Financial Priorities poll holds some disturbing revelations. When survey respondents were asked how they are determining how much money they will need to retire:
A shocking 33% indicated they are using their “best guess” and only 14% indicated they are arriving at a number with the help of an advisor.
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Should Canada Bring Back Income Averaging Provisions? February Poll Results
With high inflation rates, currently 5.9% on average across the country – all Canadians are feeling the pinch. One could argue that those earning an income that varies significantly year-to-year are being hit even harder.
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