Letters and Tweets — May 2014

Readers respond to the March and April 2014 issues of CPA Magazine via mail and Twitter.

Reforming the CPP

According to David Trahair (March CPP reform: a good idea?), an increase in Canada Pension Plan contributions will have a negative effect on employment and will also leave income earners with less take-home pay to spend. In reforming the CPP we must seriously reconsider this flawed model, which siphons money from the real economy and pours it into the creation of stock market bubbles that will ultimately burst. The big money managers are guaranteed to get their fees, charges and commissions but are these the people the plan was really designed to help?

Larry Kazdan, Vancouver

Keep the focus on the professionals

I was pleased to see the letters to the editor in March commenting on the decline of the quality in the inaugural issue of CPA Magazine. All three letters captured my sentiments and wow, this month contains more of the same tabloid sensationalism. I don’t care about Sophia Loren’s tax battles, tax fraud cases from everywhere but Canada and some psychic story that will probably show up in a made for TV movie next. Please focus on the profession and accountants. I can read the fluff going through the grocery check out line.

Cindy Popescul, Cranbrook, BC

Lesson for corporate Canada

Paul Martin, Prime Mentor; (April) describes the Martin/CPA Canada Aboriginal Mentorship Program led by national coordinator Lloyd Posno — a hugely important initiative. Let’s not forget though that new relationships offer reciprocal opportunity and benefit, a point that Paul Martin would be the first to make.

An Anishnabai stewardship principle — gway a ko chi gewin — for example, requires strong communication responsibility for its financial stewards. Of note in the same edition: Karen Wensley (The Right Thing) reflects on the increasingly “opaque transparency” of much financial reporting.

The Temagami First Nation has developed a community financial reporting structure that describes in plain language useful financial information in a form that contributes to community accountability. Perhaps corporate Canada could learn a little from gway a ko chi gewin.

Walter Ross, FCPA, FCA
Chair of the Audit Committee, Temagami First Nation

A little more decorum, please

I’m can only guess at what you were thinking, putting “It really is a bloody big deal” on the April cover. Were you trying to be hip, or edgy? CPAs are professionals and the magazine should present a professional image. It doesn’t have to be stodgy, by any means. Certainly language evolves, as does what is considered acceptable use of it in various settings.

However your choice comes across as rather juvenile and ill-mannered.

Arnold Hughes BSc, MBA, CPA, CMA; Vancouver

Just saw the April issue, lots of good content. But I do think you could have used less offensive language on the front cover i.e. “It really is a _______ big deal.” A little more professionalism would be appreciated by your readers, even though the majority may not offer such feedback.

Lino DeFacendis, Toronto

Editor’s response: The coverline is a reference to an ad promo about the signing of Jermain Defoe to the TFC. See www.torontofc.ca/bloodybigdeal.


In the March feature The CFO competency map by Pamela Murphy and Yolande Chan, some citations to the Deloitte document “Four faces of the CFO,” which is currently on the Deloitte website at http://www.deloitte.com/view/fr_CA/ca/services/IFRS/80f30effeab25210VgnVCM100000ba42f00a RCRD.htm, were inadvertently omitted.

The authors sincerely apologize. It has been corrected in the digital version of the magazine and online. Please go to cpacanada.ca/mag/competencymap