Inflation wont be at 2% for a long time lad.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.
1: It was just an exampleInflation wont be at 2% for a long time lad.
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 hikes1: 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.
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?All of you that selected anything above $250,000 better watch out. Trudeau is about to tax the shit out of you.![]()
sooner if you started in 2022 and lost 20 percentA 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.
OK, don't let me interrupt your 2 minutes of hate with math, facts or reality.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
that reads as two hundred and seventy thousand thousand. Not bad....either that, or the K is redundant.Gross income 275,000K
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.that reads as two hundred and seventy thousand thousand. Not bad....either that, or the K is redundant.
What kind of school?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.
Aviation. Pilot. Big shortage of Pilots which is driving salaries up. It's not a quick fix too since experience is required to fly heavy metal. I don't work for an airline. Corporate Aviation.What kind of school?
They're already taxed to death.All of you that selected anything above $250,000 better watch out. Trudeau is about to tax the shit out of you.![]()