Inflationary Pay Bump?

[max_boost]

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Work for yourself, choose your own hours, choose your own pay.

I only got step 1 down lol

[bjstare]

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Dumbest attitude ever, being grateful to be paid in exchange for your labour. You are literally entitled to your compensation, that's how a contract works. The same logic is the corp/boss/customer should be "grateful" for your work, which is just as stupid an attitude. It's business, leave your emotions at the door.

Now, if you are "unhappy" about said compensation, you are not entitled to more. You are free to leave, negotiate more, etc.

$2100 gross ($1600 net lets say) is fuck all, pretty rich saying otherwise from the likes of some on Beyond of all places.

Personally speaking, as a % of total comp, I would agree it's peanuts... but to say it's not meaningful is a bit gauche, if nothing else.

[riander5]

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Work for yourself, choose your own hours, choose your own pay.

You don't choose your own pay, you're paid according to generally accepted percentage of sale realtors get.

[89coupe]

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You don't choose your own pay, you're paid according to generally accepted percentage of sale realtors get.

I’m pretty sure I choose how much I pay myself.

In fact I just finished filing my corporate taxes for this calendar year and my accountant asked me how much I wanted to allocate to my personal salary.

Great thing about owning your business.

[suntan]

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I’m pretty sure I choose how much I pay myself.

In fact I just finished filing my corporate taxes for this calendar year and my accountant asked me how much I wanted to allocate to my personal salary.

Great thing about owning your business.

Then the rest stays in your corp and you pay corporate income tax. Not the worst thing at all, but be aware you're paying the taxman one way or another and the rates are set so that there's very little advantage to keeping it as retained earnings.

[JRSC00LUDE]

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Personally speaking, as a % of total comp, I would agree it's peanuts... but to say it's not meaningful is a bit gauche, if nothing else.

Someone's been watching too much Mila Kunis lately!

[killramos]

Income threads always lead to predictable levels of lol

[ThePenIsMightier]

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Someone's been watching too much Mila Kunis lately!

I believe I would pay to watch her do pretty much anything.

[max_boost]

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Someone's been watching too much Mila Kunis lately!

she's total babe

[89coupe]

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Then the rest stays in your corp and you pay corporate income tax. Not the worst thing at all, but be aware you're paying the taxman one way or another and the rates are set so that there's very little advantage to keeping it as retained earnings.

I would disagree, but I’m not having that conversation on Beyond lol.

Carry on

[vengie]

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Dumbest attitude ever, being grateful to be paid in exchange for your labour. You are literally entitled to your compensation, that's how a contract works. The same logic is the corp/boss/customer should be "grateful" for your work, which is just as stupid an attitude. It's business, leave your emotions at the door.

Now, if you are "unhappy" about said compensation, you are not entitled to more. You are free to leave, negotiate more, etc.

$2100 gross ($1600 net lets say) is fuck all, pretty rich saying otherwise from the likes of some on Beyond of all places.

You are entitled to nothing more than has been specified in your employment agreement.
Anything up and above is discretionary.
THAT is how a contract works.

If you've so poorly negotiated your agreement that you haven't accounted for raises/ bonus' that's on you.
Again, its business leave your emotions at the door.

[DonJuan]

^ I think you guys are agreeing on everything but getting hung up on being grateful?

[suntan]

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I would disagree, but I’m not having that conversation on Beyond lol.

Carry on

Yeah bro that's because you can't bullshit this sort of stuff.

[JRSC00LUDE]

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Then the rest stays in your corp and you pay corporate income tax. Not the worst thing at all, but be aware you're paying the taxman one way or another and the rates are set so that there's very little advantage to keeping it as retained earnings.

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I would disagree, but I’m not having that conversation on Beyond lol.

Carry on

I think this is a pretty easy play to say you're both right and you're both wrong since it's largely situational.

There's much better things to fight about around here!

[suntan]

Unless you've totally maxed out your RRSP, TFSA and have whole life insurance, there is no reason to park any material amount of money in your corp. Sure you can invest it but it's no better than investing it yourself.

I suppose as long as your SO has no shares in the corp it's a place to keep money from her if you get divorced.

[DonJuan]

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There's much better things to fight about around here!

Back to the circumcision thread everyone

[suntan]

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Back to the circumcision thread everyone

Snipped cocks can't dock, so the winner is clear.

[Misterman]

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$2100 gross ($1600 net lets say) is fuck all, pretty rich saying otherwise from the likes of some on Beyond of all places.

I must need your magic accountant. 2100 is like 1100 net.

[Misterman]

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I’m pretty sure I choose how much I pay myself.

In fact I just finished filing my corporate taxes for this calendar year and my accountant asked me how much I wanted to allocate to my personal salary.

Great thing about owning your business.

Well you still can't allocate more than your business revenue to your personal salary. So no, you can't choose your pay. But you can definitely hustle harder in an attempt to create more income, but you're still limited by the number of hours in a day. You're still essentially enslaved like most hourly employees. Although a smart realtor is exposed to an industry that does offer potential to beat the Matrix if you're smart outside of actually being a realtor.

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Unless you've totally maxed out your RRSP, TFSA and have whole life insurance, there is no reason to park any material amount of money in your corp. Sure you can invest it but it's no better than investing it yourself.

I suppose as long as your SO has no shares in the corp it's a place to keep money from her if you get divorced.

There's a million reasons to keep the money in your corp and not pay 40% tax on it. And there is certainly no benefits at all to paying 40% on it, and THEN using what's left to invest personally.

[suntan]

So pay corp rate and then invest pay cap gains and then pay out as income. That certainly sounds better.