Letters & Tweets — September 2015

CPA Magazine readers respond to the June/July issue via mail and Twitter.

Don’t feed our shopping addictions

As a retired accountant I am not always interested in the latest spreadsheets or how to manage employees, however I do enjoy sections such as The Right Thing, On the Money, and Fraud.

However, "Mobile Pay, Demystified" (Technophilia, June/July) made me wonder about our human condition. Why would a company with supposedly smart and tech-savvy people want to develop an app to assist people in shopping ("want engine")? We already have devastating consequences for the planet from our shopping addictions and certainly don’t need to give people easier access to their "want" list. How about directing that intelligence to technological advances for ending poverty, providing clean water and sanitation to the millions who have no access, getting us off fossil fuels, and cleaning up the oceans.

Pamela Munroe, Courtenay, BC


Cause for Concern

(On the Money, June/July)

Many people who have incomes well above the poverty level are barely hanging on financially because they have been convinced by marketing that they need the most expensive house or car that credit will allow and expect to take exotic vacations. The opportunity cost of this behaviour is significant when people put little aside for investment and miss out on double-digit equity market returns.

The government set up RRSP and TFSA plans for a reason — to signal to Canadians the minimum contributions they should be making to savings and investments.

Sometimes the rich get rich by avoiding greed and making wise decisions regarding their finances long before they become rich.


Does anyone see that Canadians have one huge dependant — the Canadian government. We pay about 50% in taxes (direct and indirect), then there is the money printing aspect. When governments take away so much from us, is it any wonder no one saves? We get robbed even when we save since the value of those savings gets depreciated by government-induced inflation.

Dean teja