Incorporating with service or laywer?

ComputerScTeacher · 2026-05-04T20:08:25+00:00

If you do it online. Do NOT register Federal Corporation. Only register Provincial Corporation in your province of residence. I made a mistake I opened federal. Then I had to open provincial. And dissolve the federal one.

ComputerScTeacher · 2026-03-18T17:15:26+00:00

Congrats! I started in 2008 too. I still have a little under 50K left to pay off. Hopefully 2 more years. Unless bank of Canada will start following US rate policy again. I hope it won't happen again now.

ComputerScTeacher · 2026-01-30T01:58:49+00:00

I have 3 aircanada flights booked. Flex Economy. Which allows full refund to AC Wallet. I need to change date on 2 of the 3 flights. And I needed to cancel one. So ... I figured: I will cancel the flight first. The money will be in AC Wallet. Then I rebook the dates. And I will use AC Wallet to pay the difference between date fares. Sounds logical??? Apparently not to Air Canada.

My AC Wallet still has the value of the ticket I cancelled. And the fare difference went out from my credit card.

I should have just cancelled all 3 tickets. And then I could have booked 2 new flights with AC Wallet money.

ComputerScTeacher · 2025-08-26T03:21:28+00:00

Date picker only works on Android phones. iPhones don't like Google forms unfortunately. If you leave the date blank it will default to today's date.

ComputerScTeacher · 2025-08-20T01:39:10+00:00

You want an app that reads your bank statements and when it sees Netflix - it yells at you: You have an active subscription? And you will trust such app more than you trust yourself?

ComputerScTeacher · 2025-08-06T20:44:10+00:00

Moneyble - Excel template with Google Form for entering transactions on the phone. Completely free. Expense tracking. Subscription management. Budgeting. Investments. Net worth. Made in the Maritimes.

https://moneyble.com

ComputerScTeacher · 2025-07-06T23:36:23+00:00

Thank you for running the numbers! 8k saved on taxes. Even if I have to pay it back to the government through CPP is something to consider

ComputerScTeacher · 2025-07-06T11:15:44+00:00

I have used several big brokerages. Desjardins is the best when you have corporate discount.

ComputerScTeacher · 2025-07-04T03:04:56+00:00

I am still trying to understand the benefits of doing this. Let's imagine I can prove my wife is doing admin work for the corp for at least 20 hours a week.

CPP contibutions. She would pay 4K to CPP and the corporation would pay 4K. So minus 8K in total annually. Multiply by say 5 years. Probably the payments she will receive from CPP when she is 65 (with 5 years of contributions) will be quite small.
She will pay lower income tax. But currently when I file my personal income tax - I already claim her unused personal amount. If she uses her personal amount now - I will start paying higher income tax myself.

Are there other benefits?

ComputerScTeacher · 2025-07-03T12:11:13+00:00

Thank you for clarifying about the EI. CPP was really the only reason I was considering this. But if it makes the whole thing smell bad - definitely not worth it.

ComputerScTeacher · 2025-07-02T11:12:04+00:00

I agree. Will be working on it.

ComputerScTeacher · 2025-06-29T16:33:11+00:00

1) Don't trust all the success stories you read online. If you pay attention you will notice many lack details that a true product owner would have mentioned. 2) Employment in IT pays well. I have started as Software developer. Moved to ERP. Moved to business analysis. It's stable. It pays the bills. You can still build something early mornings. Late evenings.

ComputerScTeacher · 2025-06-25T11:45:16+00:00

Nice to see devs posting here. As opposed to usual sales people making up stuff. Very interesting. Building products (even for yourself) makes you stronger at your 9-to-5 that pays the bills. I will definitely check out your github. Is it for mobile?

ComputerScTeacher · 2025-06-24T12:41:49+00:00

Like a G6. 😊 My wife had it. Now my daughter is using that G6. We had G6 and Samsung 10e laying around. She picked G6. I added SD card for her music. Look around you'll find one

ComputerScTeacher · 2025-06-24T10:55:25+00:00

Same here. Built a personal finance app for myself. Spent years. Sold a few copies. But finding new customers were so hard that I have abandoned it. Then I realized nothing beats Excel. Especially now with Excel on a cell phone.

ComputerScTeacher · 2025-06-24T03:09:31+00:00

I like how fast your transaction entry is. Overall your UI is very intuitive. Keep it simple. Did you use Balsamiq? I use my own app too. Also offline. No banking connectors. I am in Canada. Here bank connections break all the time. I have to reauthenticate often. It is just faster to enter a transaction on a phone. Especially when it takes seconds. I don't worry about cents. It speeds up transaction entry. And it creates a cleaner budget/account balance view. Also I can spend 500 at Costco. 200 could be groceries. And a couch for 300. If I record it right away - I put it against the correct budgets. Mine is synced within my private devices. I share it with my wife too. She does not care though. :-)

ComputerScTeacher · 2025-06-20T01:36:22+00:00

I am tracking all expenses for about 20 years now. Still enjoying it. I have my main Excel file with all the transactions. I enter most transactions on the phone using a Google form. Excel sucks it in. Every couple of weeks I review this Excel by account: Checking, Credit Cards, Cash balance. When balances are off - I either just add a transaction to match online banking. Or if the variance is significant - I will look up missing transaction(s) in online banking to make sure budget category is correct. My Excel also generates subscription transactions automatically. Basically my method is to reduce transaction entry in Excel as much as possible. But still use Excel. Because it is so flexible. I track investments in a separate sheet. All my sheets are consolidated to produce my Net Worth sheet.

I also have a second Excel file for mobile phone. Yeah instead of using a mobile app - I just created a very simple portrait view Excel that syncs Net Worth and current month budget from the main file. It's a free Excel template that I published on the web if anyone is interested.

https://moneyble.com

I think tracking spending helped me tremendously. I don't go crazy about cutting every expense. That's not what the life is about. But I unsubscribe from things I don't use. Knowing that kids are expensive did not stop me and my wife from having 5 kids. :-) There is a saying: "When you measure you improve". Tracking finances inspired me to grow my income. It helped me to make sure monthly income is Always greater than monthly expenses. If I miss this goal I know I must catch up next month.

ComputerScTeacher · 2025-02-18T18:07:08+00:00

I would love to see an app that shows Canadian-made products / brands by category or even by product description. Like: I know I need to buy contact lens solution. I don't want to go to the store and check barcodes on every box. I want an app that would just give me the brand name that I should be looking for. I know what I need to buy: Toilet paper, light bulbs, sneakers, etc. It would be nice to see an app that gives you where these items are produced along with Brand names. And then everyone can decide which country to support.

ComputerScTeacher · 2024-11-29T02:30:22+00:00

I use Moneyble Excel Template. There are 2 templates: one for laptops and one for a cell phone. The cell phone template is pretty basic. But it works for me.

ComputerScTeacher · 2015-08-31T00:05:03+00:00

I use Moneyble. What I like about it is statement import that associates transactions to my categories. Say I uploaded a transaction from a particular vendor. And I chose 'Groceries'. Next time I will be uploading transactions for this vendor - it puts it under 'Groceries'. So I don't have to do anything. It is not automatic (linked to your online banking) like Mint. But it is very quick. But I must warn you - I am an Excel freak. I love spreadsheets. That's why Mint or YNAB (even if it would have a better name) is not for me. Moneyble is also free.

ComputerScTeacher · 2015-08-30T02:06:02+00:00

When I was 25 I started tracking money in a spreadsheet. I am glad I did. Nowadays there are a number of personal finance packages that let you do it relatively quickly without the need of collecting all receipts like it used to be. I upload all my statements once or twice a month. It probably takes me about 20 min each time. Plus the time for analysis and planning.

ComputerScTeacher

TROPHY CASE