Royal Spa

What is your annual income?

What is your annual income?

  • < $40,000

    Votes: 16 9.4%
  • $40,000 - $75,000

    Votes: 26 15.3%
  • $75,000 - $100,000

    Votes: 20 11.8%
  • $100,000 - $150,000

    Votes: 44 25.9%
  • $150,000 - $250,000

    Votes: 28 16.5%
  • $250,000 - $500,000

    Votes: 16 9.4%
  • $500,000 - $1,000,000

    Votes: 12 7.1%
  • $1,000,000 - $2,000,000

    Votes: 3 1.8%
  • $2,000,000 - $5,000,000

    Votes: 1 0.6%
  • $5,000,000 +

    Votes: 4 2.4%

  • Total voters
    170

DanteHall

New member
Apr 11, 2023
12
7
3
Talking about income can be a bit personal, but I totally get the curiosity. When I wondered how to make quick money, I found some creative ways to boost my income without a traditional job. One thing I did was freelance writing gigs and graphic design projects on the side. It helped me cover unexpected expenses and save up for future goals. Remember, there are always opportunities out there if you're willing to explore!
 
Last edited:

NotADcotor

His most imperial galactic atheistic majesty.
Mar 8, 2017
7,233
4,884
113
On a normal year after I sell out to pay up for a new car and my father's estate income taxes, about 38K on a meh year from dividends, no taxes other than the Ontario health levy
However if my dividends grow faster than inflation [as I expect] I will take out the difference so if inflation is 2% and dividends grow by 5%, I'll sell about 3% of my holdings for an extra 20ish in income, about 16 or 17 after tax. Own my own home, thinking about renting out the basement, but I live in a small berg and after taxes it won't yield much.
 

TomFord1980

Well-known member
Jan 9, 2017
1,408
1,098
113
Does a pension count? Only 110k a year after Turdeau takes his share
On a normal year after I sell out to pay up for a new car and my father's estate income taxes, about 38K on a meh year from dividends, no taxes other than the Ontario health levy
However if my dividends grow faster than inflation [as I expect] I will take out the difference so if inflation is 2% and dividends grow by 5%, I'll sell about 3% of my holdings for an extra 20ish in income, about 16 or 17 after tax. Own my own home, thinking about renting out the basement, but I live in a small berg and after taxes it won't yield much.
Inflation wont be at 2% for a long time lad.
 

Ceiling Cat

Well-known member
Feb 25, 2009
29,254
1,949
113
 
Last edited:

NotADcotor

His most imperial galactic atheistic majesty.
Mar 8, 2017
7,233
4,884
113
Inflation wont be at 2% for a long time lad.
1: It was just an example
2: I disagree, IIRC " CPI inflation slowed to 2.8% in February, with easing in price pressures becoming more broad-based across goods and services." 2.8 is within the 1 to 3% range we used to have. Considering the round of inflation was due to a temporary monetary shock of having everyone off work for a while and shoveling cash out of helicopters with a natural end point, this is to be expected that prices would "stabilize at a new higher level to continue their 1 to 3 percent thing or whatever range they pick next.
 

TomFord1980

Well-known member
Jan 9, 2017
1,408
1,098
113
1: It was just an example
2: I disagree, IIRC " CPI inflation slowed to 2.8% in February, with easing in price pressures becoming more broad-based across goods and services." 2.8 is within the 1 to 3% range we used to have. Considering the round of inflation was due to a temporary monetary shock of having everyone off work for a while and shoveling cash out of helicopters with a natural end point, this is to be expected that prices would "stabilize at a new higher level to continue their 1 to 3 percent thing or whatever range they pick next.
Ive seen this movie before in the 70s 80s. The idiot carbon tax increased by 20+% this month alone. This will cause a price increase in everything. Inflation will rise again, leading to more rate hikes
 

DesRicardo

aka Dick Dastardly
Dec 2, 2022
3,958
4,350
113
All of you that selected anything above $250,000 better watch out. Trudeau is about to tax the shit out of you. 🤣
 

jeff2

Well-known member
Sep 11, 2004
1,928
1,068
113
All of you that selected anything above $250,000 better watch out. Trudeau is about to tax the shit out of you. 🤣
I am wondering if you had a 300,000.00 gain. Would the extra tax(2 thirds) be just on the extra 50,000.00?
 
Last edited:

chodge

Well-known member
Feb 20, 2004
2,292
832
113
A couple of problems with this example.

First, the bank won't lend you money against an asset without proof than you can make the loan payments.
They also won't let you use your RRSP as collateral.

Even if they did, at the end of year one, you have spent the 100k but still owe the bank 100k minus whatever you paid back.
After 5 years, you owe as much as the stocks are worth, the bank won't lend you anymore money and you're broke.
sooner if you started in 2022 and lost 20 percent
 

NotADcotor

His most imperial galactic atheistic majesty.
Mar 8, 2017
7,233
4,884
113
Ive seen this movie before in the 70s 80s. The idiot carbon tax increased by 20+% this month alone. This will cause a price increase in everything. Inflation will rise again, leading to more rate hikes
OK, don't let me interrupt your 2 minutes of hate with math, facts or reality.
 

wiskey bravo

Active member
Jul 14, 2017
199
237
43
that reads as two hundred and seventy thousand thousand. Not bad....either that, or the K is redundant.
Good point. I guess my brain goes on auto pilot and adds the unnecessary K without thinking about it. The profession I embarked in started at 18,000 per year, therefore, it was not all roses. Every year the salary climbed. 22 years has passed and here I am. That's not including four years of school.

My superior to me who I will replace in two years makes 453,000. Something to look forward too. I'm 47 years old. My biggest thanks goes towards my mother who pushed school on me. Only women who believed in me. Wish she was still around so I can share the salary with her.
 
  • Like
Reactions: Robert Mugabe

Robert Mugabe

Well-known member
Nov 5, 2017
10,471
7,651
113
Good point. I guess my brain goes on auto pilot and adds the unnecessary K without thinking about it. The profession I embarked in started at 18,000 per year, therefore, it was not all roses. Every year the salary climbed. 22 years has passed and here I am. That's not including four years of school.

My superior to me who I will replace in two years makes 453,000. Something to look forward too. I'm 47 years old. My biggest thanks goes towards my mother who pushed school on me. Only women who believed in me. Wish she was still around so I can share the salary with her.
What kind of school?
 

K Douglas

Half Man Half Amazing
Jan 5, 2005
29,181
10,460
113
Room 112
All of you that selected anything above $250,000 better watch out. Trudeau is about to tax the shit out of you. 🤣
They're already taxed to death.
For every dollar you make above $247K in Ontario you're paying income tax at a rate of 53.5% (salary,, interest), 39.3% (dividends) or 26.8% (capital gains)
As far as I'm concerned this is theft.
 
Ashley Madison
Toronto Escorts