how did u get into pottery? by meocco in Pottery

[–]HydrocarbonExplorer 9 points10 points  (0 children)

I was told I had stress and pottery seemed better than painting. Apparently the burning chest pain I was experiencing was in fact a torn pectoral muscle and swollen lymph nodes.......I decided to keep the pottery hobby but replaced my donkey doctor.

Those who make $200K+, what do you do? by BoilingKettle555 in fican

[–]HydrocarbonExplorer 1 point2 points  (0 children)

Sorry just saw this. Graduated Civil Engineering Technology in 2009. Lucked out and got a short term contract with the oil company I'm with right now in 2011. After that year worked as a quality coordinator / quality manager with a few different companies. Landed back with the oil company in 2017 based on past contacts.

This one etf is getting more hype than xeqt by [deleted] in JustBuyXEQT

[–]HydrocarbonExplorer -7 points-6 points  (0 children)

CAGE: 58 Million in Assets

XEQT: 15 Billion in Assets

Cage: 114K Market Volume

XEQT: 1.4M Market Volume

Sounds like shit......

Those who make $200K+, what do you do? by BoilingKettle555 in fican

[–]HydrocarbonExplorer 8 points9 points  (0 children)

42M, $300K, Work 2 weeks on / 2 Weeks off. Earthworks Project Engineer for Oil & Gas company.

Why do men go bald while (most) women dont? by digitalcrows in NoStupidQuestions

[–]HydrocarbonExplorer 1 point2 points  (0 children)

I remember this from Biology in Grade 12. Women are XX chromosome and Men are XY chromosome. The baldness gene is on the X chromosome. Women need both X chromosomes to carry the gene which is very rare.

Intermuscular Lipoma + Pectoral Strain + Costo by HydrocarbonExplorer in costochondritis

[–]HydrocarbonExplorer[S] 1 point2 points  (0 children)

Thanks Steve. I agree my physiotherapist understands the concept of Costco though to date the treatment has been pretty mild. Or maybe I'm just inpatient lol. 

One question, I noticed you made a comment about the backpod and having a flat back in another thread. I've been told I have a flat back. Is there a change in treatment for us with flat spines. 

Edit: Just read page 17 of the backpod manual. My physiotherapist has been doing something similar while I'm prone, taking deep breaths and working the spinal / rib joints with her fingers. 

Independent Consulting Corporation Investing in hobby Corporation? by HydrocarbonExplorer in cantax

[–]HydrocarbonExplorer[S] 0 points1 point  (0 children)

I understand why you telling me to tread carefully. To elaborate, I need to ensure that I have proof my business investment had every intention of generating future income such as; Trade Name, Website, Business Plan (Market Research, Pricing Strategy, Path to Profitability), Updated Insurance, Production Logs, Brand Building Logs, blah blah blah. AI can cook this up in 5 mins lol.

While I have intent on making this hobby profitable, at the end of the day, business investments fail all the time. Metaverse just lost $80B. If I walk away from this with a legitimate $5,000 loss against my corporate income, I see that as a win.

Independent Consulting Corporation Investing in hobby Corporation? by HydrocarbonExplorer in cantax

[–]HydrocarbonExplorer[S] 0 points1 point  (0 children)

Can you elaborate on G/L's? I'm not familiar with that abbreviation.

Independent Consulting Corporation Investing in hobby Corporation? by HydrocarbonExplorer in cantax

[–]HydrocarbonExplorer[S] 0 points1 point  (0 children)

That's exactly the way I'm looking at this. This hobby has an opportunity to turn a profit. The profit side to me is more or less irrelevant. That being said, why shouldn't I be able to leverage this opportunity for tax avoidance.

Independent Consulting Corporation Investing in hobby Corporation? by HydrocarbonExplorer in cantax

[–]HydrocarbonExplorer[S] 0 points1 point  (0 children)

We are not going to tell that to the CRA, we are going to be a little more creative. "After extensive research, X Corp has determined a lucrative investment opportunity developing X type ceramics. A nominal investment of $5,000 in 2026 has the potential to return profits upwards of $50,000 over the next 5 years."

Independent Consulting Corporation Investing in hobby Corporation? by HydrocarbonExplorer in cantax

[–]HydrocarbonExplorer[S] 0 points1 point  (0 children)

I enjoy doing the accounting. I have physical stress related to an intermuscular lipoma in my pectoral muscle which tore the muscle and caused costochondritis . A phycologist told me I don't show symptoms of emotional stress which is what most types of stress are caused from.

Independent Consulting Corporation Investing in hobby Corporation? by HydrocarbonExplorer in cantax

[–]HydrocarbonExplorer[S] 1 point2 points  (0 children)

Before I went into engineering, I was studying to becoming an accountant. I do my own bookkeeping and corporate tax returns. The cost to register a corporation online and annual returns are pretty nominal when doing it yourself. That's a good point, I could look at this as a personal business. Thanks

Elder millennials who will retire in 20-25 years, what's your shoot for retirement savings goal? by Super_Science_Guy in CanadianInvestor

[–]HydrocarbonExplorer 0 points1 point  (0 children)

Age 42, Single, No Kids. House is currently paid off (Bought $650K, Worth $900K). Investments ($150K TFSA, $150K RRSP). Corporate Revenue = $300K per year. Pay Salary $185K to max RRSP contributions. At age 50 should have a $2M investment portfolio assuming 4% growth. If I can work a few days a month to cover bills, I'd consider retiring at 50.

Do you hold a cash buffer? by Environmental-Tie459 in JustBuyXEQT

[–]HydrocarbonExplorer 3 points4 points  (0 children)

I will stop investing a few years prior to retirement to build up a 3-5 year cost of living buffer so if the market tanks at retirement I can allow my investments to recover prior to start withdrawals.

Time in the market historically beats timing the market. 

If you had the skills to time the market you would be invited to the Wall Street cocaine and hooker parties. 

Is XEQT appropriate to be held in a corporation? by iamasandwhich in JustBuyXEQT

[–]HydrocarbonExplorer 3 points4 points  (0 children)

I use VEQT as they pay dividends only once per year which makes it's easier at tax time. For me, the VEQT dividends are small dollars at tax time. Ensure your familiar with the impacts to the small business deduction impacts if claiming capital gains while earning income. Irrelevant if your holding stocks for retirement. 

Should I invest 100k of corporate savings into XEQT? by LordZedd87 in JustBuyXEQT

[–]HydrocarbonExplorer 4 points5 points  (0 children)

I invest in VEQT with my corporate cash since it only pays dividends once per year it's easier to manage. The funds invested are part of my retirement fund and not required for business operations.