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Editor’s Note APRIL 2015 VOLUME 2, No. 3 Networking at Play I


MAGINE A WORLD in which accoun- tants and other business profes- sionals attend rock concerts to


network and meet with other staff as an alternative to playing golf. What if that world gave you — the supposedly straitlaced accountant — a chance to display your hitherto hidden guitar riffing skillz so your colleagues recog- nize that beneath that buttoned-down business suit beats the heart of a Jimi, a Slash or a Joan Jett? Yeah, right, you say? Well, stop


imagining or dreaming because you don’t have to. The League of Rock, an organiza-


tion that is growing in popularity among corporations across Canada, provides such an opportunity for musically inclined and other employees to join a band and put on concerts at local venues. Founded in 2007, the League has grown to include giants such as Deloitte, Microsoſt and Scotiabank that pay a premium to be part of a trend that uses music to foster employee engagement. In “Firms That Rock” (p. 26), contributing editor Lisa van de Geyn leads into the story with Deloitte accoun- tant and senior manager Anthony D’Ugo (see cover), who plays a mean guitar in the band known as Half Way to Disco, and has been participating in the League for three years; the accounting firm has been involved for five. She writes that the program “provides an outlet for creative-minded employees to bond with cowork- ers, network with colleagues in other departments and take pride in representing their firm.” This is a great story that provides readers with new ideas about how to network and have real fun while doing it. Not long ago, managers were reluctant to permit employees to work from home.


The general belief then was that a company that gave in to such foolishness would be paying for employees to chat on the phone with friends, watch the ball game or Oprah, or worse, take care of their children at home. Fortunately more enlightened thinking is now part of the work landscape. Today, “mobile workers” now number 70% of the Canadian workforce — yes, the figure is astonishing. In the feature “Home Work,” writer Ken Mark reports that “telecommuter” is probably the best term to describe “well-educated, higher-paid knowledge workers who contribute from offsite locations, including their homes, cars, coffee shops or clients’ prem- ises.” So, given the distractions outside the cubicle, how do telecommuters measure up in the productivity department? Find out on p. 30. In this issue, CPA Magazine introduces a column on tax (Tax Files, p. 22). The


column will appear in every issue and will be written by Craig Bell, who is an accoun- tant, tax advocate and lawyer based in Calgary. A final note: as further evidence of our long-term commitment to sustainability


(it did not end with the digital issue in January/February), we are using a lighter weight paper for the magazine. This began with the March issue.


Okey Chigbo editor


2 | CPA MAGAZINE | APRIL 2015


EDITOR Okey Chigbo ART DIRECTOR Bernadette Gillen ASSOCIATE ART DIRECTOR Kevin Pudsey SENIOR EDITORS Bernadette Kuncevicius, Tamar Satov ASSOCIATE EDITOR Yvette Trancoso ASSISTANT FRENCH EDITOR Marie-Josée Boucher EDITOR, WEB EDITION Margaret Craig-Bourdin MAGAZINE WEB PRODUCER Alan Vintar EDITORIAL ASSISTANT Harriet Bruser DIRECTOR, LANGUAGE SERVICES Jane Finlayson EDITOR, PROFESSIONAL MATTERS Mara Gulens CONTRIBUTORS Taryn Abate, Yan Barcelo, Craig Bell, Mary Teresa Bitti, Dwayne Bragonier, Steve Brearton, David Descôteaux, Cathy Hutchinson, John Lorinc, Fiona Macfarlane, David Malamed, David Trahair, Lisa van de Geyn, Karen Wensley QUALITY REVIEW TEAM Antonella Risi, CPA, CA; Juli-Ann Gorgi, CPA, CA


PUBLISHER Nicholas Cheung, CPA, CA, CIPP/C


SALES AND MARKETING MANAGER Brian Loney, (416) 204-3235, bloney@cpacanada.ca ADVERTISING REPRESENTATIVES


Alexandra Garant, (416) 204-3397, agarant@cpacanada.ca Martin White, (416) 726-7435, marty@monetizingcontent.ca QUEBEC ADVERTISING REPRESENTATIVE Serge Gamache, (450) 651-4257 sergegamache@videotron.ca ADVERTISING COORDINATOR Michael Marks (416) 204-3255 CIRCULATION MANAGER Annette DaRocha (416) 204-3367


CPA MAGAZINE EDITORIAL ADVISORY BOARD: Chair: Nancy Cheng, FCPA, FCA; Phillip Gaunce, CA; Margaret Albanese, CPA, CA; Vinetta Peek, CPA, CMA (Hon.), FCMA; Michel Magnan, FCPA, FCA; Fred Clifford, CPA, CA, CPA (Ill.)


CPA MAGAZINEis published 10 times a year (with combined issues in January/February and June/July) by the Chartered Professional Accountants of Canada. Opinions expressed are not necessarily endorsed by CPA Canada. Copyright 2015. TORONTO: 277 Wellington St. West, Ontario M5V 3H2, Tel. (416) 977-3222, Fax (416) 204-3409 MONTREAL: 680 Sherbrooke St. West, 17th floor, Quebec H3A 2S3, Tel. (514) 285-5002, Fax (514) 285-5695 SUBSCRIPTION INQUIRIES: Tel. (416) 977-0748 or 1-800-268-3793, Fax (416) 204-3416 ON THE INTERNET: cpacanada.ca/cpamagazine EMAIL: cpamagazine@cpacanada.ca letters.editor@cpacanada.ca advertising.cpamagazine@cpacanada.ca


Members of CPA Canada receive a subscription to CPA Magazine valued at $32. This amount is allocated from their dues and non-deductible therefrom. Additional annual subscriptions are available at the following rates: members $32; students $45; non-members $55. Single copy, $5.50. Outside Canada: $89 for a one-year subscription; $8.90 for a single copy. GST of 5% applies to all domestic sub scriptions. For subscription inquiries, call (416) 977-0748 or 1-800-268-3793 from 9 a.m. to 5 p.m., Monday through Friday; fax: (416) 204-3416. GST registration number 83173 3647 RT0001. Publications Mail Agreement No. 40062437. PRINTED IN CANADA: Return undeliverable Canadian addresses to: CPA Magazine, Chartered Professional Accountants of Canada, 277 Wellington Street West, Toronto, Ontario. M5V 3H2. CPA Magazine is a member of the Canadian Business Press and Magazines Canada. Submissions: CPA Magazine receives from time to time unsolicited manuscripts, including letters to the Editor. All manuscripts, material and other submissions to CPA Magazine become the property of CPA Magazine and the Chartered Professional Accountants of Canada, the publisher. In making submissions, contributors agree to grant and assign to the publisher all copyrights, including, but not limited to, reprints and electronic rights, and all of the contributor’s rights, title and interest in and to the work. The publisher reserves the right to utilize the work or portions thereof in connection with the magazine and/or in any other manner it deems appropriate. No part of this publication can be reproduced, stored in retrieval systems or transmitted, in any form or by any means, without the prior written consent of CPA Magazine. ISSN 2292-5627 CPA Magazine (print), 2292-5635 CPA Magazine (online)


Paul Orenstein


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