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Inflationary Pay Bump? - Page 5 - Beyond.ca - Car Forums

View Poll Results: Did you get an inflationary pay raise?

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  • Yes

    17 20.99%
  • No, my company is cheap.

    52 64.20%
  • I don't work for the man!

    12 14.81%
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Thread: Inflationary Pay Bump?

  1. #81
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    Quote Originally Posted by 89coupe View Post
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    Work for yourself, choose your own hours, choose your own pay.
    If you get to choose your own pay, and you don't choose infinite pay, congratulations. You're the dumbest person alive.
    2007 GMC 2500 Duramax
    1981 GMC C1500 454

  2. #82
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    Quote Originally Posted by suntan View Post
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    So pay corp rate and then invest pay cap gains and then pay out as income. That certainly sounds better.
    Yes even if someone was this dumb about it, it would still be better as you're starting with a higher initial investing capital.

  3. #83
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    Feel free to start a thread in Ask Leo about corporate tax strategies. Plenty of us willing to give positive rep for good tips. We know that juicy Beyond rep is what everyone really wants.
    I can eat more hot wings than you.

  4. #84
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    Quote Originally Posted by SKR View Post
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    If you get to choose your own pay, and you don't choose infinite pay, congratulations. You're the dumbest person alive.
    Infinite pay means your taxes owed are also infinite, making your net income $0.

  5. #85
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    Quote Originally Posted by kertejud2 View Post
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    Infinite pay means your taxes owed are also infinite, making your net income $0.
    not all infinites are equal

  6. #86
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    Quote Originally Posted by Buster View Post
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    not all infinites are equal
    This is true. Revenue Canada gets their infinity first, you keep whatever is left.

  7. #87
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    Sounds like someone's watched

  8. #88
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    Infinity is Nissan and I heard they are bad.

  9. #89
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    Quote Originally Posted by ThePenIsMightier View Post
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    Infinity is Nissan and I heard they are bad.
    Thinking of Infiniti. They are infinitely shitty, but different concept.

  10. #90
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    But still better than Dodge.

  11. #91
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    Right now we are getting a 15% daily raise for everyday worked until January, plus $25 a day retention paid out mid January.

    Once negotiations start in January we're hoping for a permanent 10% increase but who the fuck knows.
    Last edited by 03ozwhip; 11-02-2022 at 03:28 AM.

  12. #92
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    Quote Originally Posted by kertejud2 View Post
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    Infinite pay means your taxes owed are also infinite, making your net income $0.
    I know the idea of more tax revenue is exciting for you, but the point is working for yourself doesn't mean you get to "choose your own pay", as Beyond's least favorite realtor would have you believe.
    2007 GMC 2500 Duramax
    1981 GMC C1500 454

  13. #93
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    Quote Originally Posted by Misterman View Post
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    Yes even if someone was this dumb about it, it would still be better as you're starting with a higher initial investing capital.
    Do you even know what an RRSP does?

    If your accountant told you about some "one weird trick to screw the CRA!", it's not.

    Trudeau closed all the remaining loopholes.

  14. #94
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    Quote Originally Posted by suntan View Post
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    Do you even know what an RRSP does?

    If your accountant told you about some "one weird trick to screw the CRA!", it's not.

    Trudeau closed all the remaining loopholes.
    "Casinos in Didsbury hate it when you do this, but they can't stop you!¡1!!"

  15. #95
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    The number of incompetent corporate accountants out there is astounding.

    My accountant loves it when someone new shows up and asks how their current accountant missed the 20K tax bill from selling their investments in the corporation.

    "What the fuck are capital gains???"

  16. #96
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    Someone post the commercial of the Accountant being flown in on helicopters so she can point to where industrial equipment should be be placed.

  17. #97
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    Quote Originally Posted by ThePenIsMightier View Post
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    Someone post the commercial of the Accountant being flown in on helicopters so she can point to where industrial equipment should be be placed.
    Originally posted by SJW
    Once again another useless post by JRSCOOLDUDE.
    Originally posted by snowcat
    Don't let the e-thugs and faggots get to you when they quote your posts and write stupid shit.
    Originally posted by JRSC00LUDE
    I say stupid shit all the time.
    ^^ Fact Checked

  18. #98
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    That's the one!
    "What does the P stand for in CPA?"

    Apparently, it stands for Pointing.

  19. #99
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    Quote Originally Posted by suntan View Post
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    Do you even know what an RRSP does?

    If your accountant told you about some "one weird trick to screw the CRA!", it's not.

    Trudeau closed all the remaining loopholes.
    Not sure what RRSP has to do with this?

    You don't need a loophole. If there is no revenue, there's no tax. That's basic tax law. If your business invests in real estate for example, and then continues to invest the "profit" into more real estate, and leverages the large number of write offs that can be fabricated in real estate. You can pay your minimal corp tax, and then grow a portfolio that can eventually be an income in itself. Sure the government can tax that future income, but it's small peanuts when you factor in that you're sitting on millions in assets, instead of just your shitty business where you're trading your time for money. And maybe that sounds reminiscent of an RRSP, but I can't sell my RRSP's to a Panamanian shell corporation like I could with a real estate portfolio. Not to mention the amount of your RRSP is pretty limited by comparison to the no ceiling investments you can make through your company.

  20. #100
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    Quote Originally Posted by Misterman View Post
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    Not sure what RRSP has to do with this?

    You don't need a loophole. If there is no revenue, there's no tax. That's basic tax law. If your business invests in real estate for example, and then continues to invest the "profit" into more real estate, and leverages the large number of write offs that can be fabricated in real estate. You can pay your minimal corp tax, and then grow a portfolio that can eventually be an income in itself. Sure the government can tax that future income, but it's small peanuts when you factor in that you're sitting on millions in assets, instead of just your shitty business where you're trading your time for money. And maybe that sounds reminiscent of an RRSP, but I can't sell my RRSP's to a Panamanian shell corporation like I could with a real estate portfolio. Not to mention the amount of your RRSP is pretty limited by comparison to the no ceiling investments you can make through your company.
    This reads like something someone told you about that they saw in a movie. Bless your heart.

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