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Canadian Infographics & Data Visualization

Do You Hate Your Desk Job? You Shouldn’t

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If you are a payroll clerk, accounting clerk, or collection supervisor, you may know that CGA was named one of Canada’s top 100 employers for the fourth year. CGAs enjoy a number of benefits, among which the opportunity to work in industry or public practice.

CGA students develop the expertise to implement, forecast, and plan corporate strategies. They learn how to interpret complex financial information and think out of the box. CGA offers many benefits to students and members – hotels and travel, auto leasing, mobile phone services, recreational opportunities, and more.

Some accountants love their job and the opportunities CGA offers. Others hate it. They work in little bitty rooms that are the size of their entrance hall at home. And it is a desk job. You interact with your computer only and crunch numbers. Better be a Burger King employee. Really, accounting isn’t for everyone and so is nursing. And teaching and truck driving. If you are into accounting, however, CGA has a lot to offer. You will get great discounts and preferential rates on fitness classes, including boot camp, indoor cycling, and yoga. This is far from boring. CGA members are offered different getaway packages, including ski and golf packages. Imagine yourself relaxing at the outdoor pool, enjoying an award winning wine list… And you have a gift certificate for shiatsu massage.

And if you work in a tiny bitty room and are wretchedly unhappy, you can always quit and find another job. In fact, CGA will help you with that!

Infographic courtesy of CGA Canada

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Gold Is a Lasting Asset That Brings Superb Returns

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Gold is money and is used to make coins, jewelry, orthodontic appliances, and electronics, as the infographic shows. Gold is a fixed commodity and an officially recognized medium of exchange. In fact, JP Morgan and CME Clearing Europe accept gold bullion as collateral.

But what makes gold so special? Gold has been a symbol of power, wealth, and status for millennia. It has functional and aesthetic properties, and its indestructibility, luster, and multiple uses make it one of the most valuable metals. Gold is a great investment instrument because it is malleable, compact, rare, and indestructible. You can flatten and reshape it, and it doesn’t decay or tarnish. Demand for gold and silver is exploding. Investors are eager to transform paper money into gold, which is a lasting asset. Fiat currencies, on the other hand, are controlled and created by governments, and many currencies collapsed into hyperinflation.

Gold is marketed online and in antiquity stores, pawn shops, and other places. It is easy to sell and liquidate. This is because many people are worried about the negative effects of inflation and the global economic downturn. Gold brings superb returns because of the high demand. Seasoned investors combine bonds, stocks, and gold in their investment portfolios to reduce risk and volatility. While tailwinds and headwinds influence the price of gold, even central banks have started hoarding gold as a way of diversifying their holdings. If the price of gold doesn’t go up to offset the buying binge, it is likely that we see shortages. So, you may want to invest before gold rips higher.

Infographic courtesy of Silver & Gold

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Canada Consumer Insolvency Statistics

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The Story of a Family Farm and When to Declare Bankruptcy

Consumer insolvencies have decreased by 6.5 percent and bankruptcies – by 12.5 percent. At the same time, the number of consumer proposals has increased by 5.1 percent, as the infographic shows.

Why people go bankrupt? And is declaring bankruptcy a dumb or strategic decision? Looking at the numbers, Canadian consumers know better. Bankruptcy is a debt management option of last resort, and debtors are looking for alternatives.

Obviously, there are good and bad reasons to declare bankruptcy. And there are good and bad financial decisions… Your husband has decided to get a loan and raise sheep. Unfortunately, most of the sheep delivered are infested with stomach worms. You should refuse them, but you don’t, and half of the ewes die. Your husband applies for a second loan to buy more sheep. The money goes for a pickup truck, nice furniture, nights out, and diamond earrings. Well, you buy a few sheep eventually. Your husband and you are knee deep in debt; you pack your suitcases and – home to mama. He is heartbroken and files for bankruptcy.

Now, poor financial management isn’t the only reason to file. Divorce can put an enormous strain on both partners. The legal costs are so high that some people are forced to declare bankruptcy. Spouses who are unable to pay child support often leave their former spouse destitute. It makes sense to declare bankruptcy in some cases. If you have a bank account, new vehicle, real estate or house and make over $350 a week, your creditors may attack these assets. If you don’t have any assets, bankruptcy is an option of last resort. And more and more Canadians realize it.

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Millions of Dollars Lost to Sophisticated Schemes for Credit Card Fraud

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Credit card fraud has many faces and is more prevalent than you would think. It involves traditional and modern techniques, used by sophisticated fraudsters. Fraud is committed by both low skilled cons and highly educated criminals. Fraudsters use mail redirect, BIN attacks, skimming and phishing techniques, and other methods.

Victims are tricked in many different ways, and the consequences can be catastrophic. The financial security of many Canadians is jeopardized, as illustrated by the credit card fraud infographic. Millions of dollars are lost due to fraudulent applications, account takeovers, and other types of fraud. Some $4.2 million are lost due to fraudulent applications alone. Besides being a matter of inconvenience, fraud can have far reaching consequences. Many people use credit cards for medical and other emergencies, with card funds being their safety net. Financial institutions replace the stolen funds eventually, but some borrowers are strapped for cash and need money immediately.

Debt due to fraud may ruin one’s life and credit score while credit card companies and retailers suffer considerable losses. Card issuers increase the cost of borrowing to recover the money lost to credit card fraud. Faced with higher interest rates, cardholders tighten their belts and borrow less, and this affects the financial sector. Then, according to a report by preCharge, the costs associated with managing credit card fraud exceed by 300 percent the losses due to fraudulent transactions.

The scope of fraud is widening, and fraudsters use a variety of innovative schemes to victimize credit card users. Sophisticated fraudsters use software and different schemes to trick innocent people. Some cons pretend to be bank officers collecting credit and debit cards for replacement. This and other credit card scams cost millions of dollars to card issuers and consumers. In Canada alone, $366 million were lost to credit card fraud in 2010.

Infographic courtesy of Credit Card Review.

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