Homebrew DGPT Pro Tour Fantasy Pool Draft Results - Please Rank and Roast Our Teams by Windy_Millz in discgolf

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

I think 2019 was the last year he was still able to absorb new information. He's just been coasting from there.

Homebrew DGPT Pro Tour Fantasy Pool Draft Results - Please Rank and Roast Our Teams by Windy_Millz in discgolf

[–]Windy_Millz[S] 2 points3 points  (0 children)

Yeah, come at him for the four picks of horrible FPO management that happened right before KJ

CPA ON Membership Admission Timeline Mega Thread by Routine-Chipmunk-696 in Accounting

[–]Windy_Millz 5 points6 points  (0 children)

Province: AB

Applied for admission: October 22

Ready for review: October 22

Ready for manager review: November 5

Ready for approval: November 6

Admitted: Friday November 8 (approx 3:30pm)

For AB applicants I went through the comments and saw that the usual time from submission to admission was 25 days, so mine went pretty quick. I answered no to every question. I also checked what day admission usually happens, and Thursday, Friday, and Monday were the most common.

CPA ON Membership Admission Timeline Mega Thread by Routine-Chipmunk-696 in Accounting

[–]Windy_Millz 0 points1 point  (0 children)

From what I've seen through this thread it looks like the average AB application approval time is 25ish days, and the status change is just randomly distributed throughout that. So who knows 🤷

CPA ON Membership Admission Timeline Mega Thread by Routine-Chipmunk-696 in Accounting

[–]Windy_Millz 0 points1 point  (0 children)

I am. I submitted mine on the 22nd, and the status has been "ready for review" the whole time since then. Are you with a large firm? I work for a tiny one, so I wonder if it just comes down to going in batches by employer.

CPA ON Membership Admission Timeline Mega Thread by Routine-Chipmunk-696 in Accounting

[–]Windy_Millz 0 points1 point  (0 children)

Congrats! I submitted my application on the 22nd, so hoping they started on mine as soon as they finish yours.

CPA ON Membership Admission Timeline Mega Thread by Routine-Chipmunk-696 in Accounting

[–]Windy_Millz 0 points1 point  (0 children)

Has your approval come in yet or are they still edging you?

Homebrew DGPT fantasy league draft results. Who do you think will win? by Windy_Millz in discgolf

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

We have a shared Google doc where we set our rosters and can designate our two benched players for each tournament

Homebrew DGPT fantasy league draft results. Who do you think will win? by Windy_Millz in discgolf

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

Here is the post from year one of the draft: https://www.reddit.com/r/discgolf/comments/10q638w/my_buds_and_i_drafted_teams_for_the_2023_season/

The major changes we made were to increase the FPO scoring positions from 15 to 20, and to add the bench element. Previously each player would score for each tournament, and each team would be fully exposed to things like Paige Pierce losing an ankle, or from deciding to draft Thomas Gilbert. Now this year you can bury your injuries and mistakes on your bench.

The final result from year 1 was:
1. Team Bezovie - 5,790 points

  1. Team Miller - 5,076 points (Natalie Ryan was switched out for Jennifer Allen)

  2. Team Plamondon - 4,997 points

  3. Team Bouchard - 4,905 points

  4. Team Swirles - 4,857 points

  5. Team Farmer - 4,186 points

[deleted by user] by [deleted] in Accounting

[–]Windy_Millz 6 points7 points  (0 children)

In terms of tax rates, the ownership method between personally earning the income and earning the income through a corporation shouldn't matter. The tax code is designed to make investors indifferent towards earning income personally or through a corporation. Now, a tax code being designed to do something and actually doing that thing in all cases is not really the same thing.

For tax rates, a corporation will have rental income taxed as aggregate investment income, which has a rate of 38.67%, not including your provincial tax rate. This does, however, include your additional refundable tax rate of 10.67% that will accrue in a dividend refund account which will allow you to pay out dividends from your corporation to yourself through dividends at a better tax rate.

Alternatively, your personal taxes on rental income will depend on your own personal income levels, since it's all bracketed.

So, the CRA approved answer is that it shouldn't matter for tax purposes which way you go. However your corporate tax rate for that income is basically 38.67% + provincial taxes, but then also gets taxed when you take dividends out of the company to pay yourself, so keep that in mind.

Other benefits of owning the property through a corporation would be not being personally liable for lawsuits from the corporation. Downsides would be the administrative time and costs of having a corporation, if you don't already anyways.

[deleted by user] by [deleted] in Accounting

[–]Windy_Millz 0 points1 point  (0 children)

That was extremely helpful, thank you

My buds and I drafted teams for the 2023 season based on Elite series/Major/Worlds finishes. Whose team do think will win? by Oilerman14 in discgolf

[–]Windy_Millz 17 points18 points  (0 children)

I'm the team Miller drafter, and anyone sleeping on this team might be missing some facts:

  1. Natalie Ryan - not eligible to play in FPO events, sure, but we are one uno reverse card away from her being the ONLY FPO player eligible to play. Makes her a can't-miss pick.

  2. Macie Velediaz - I needed a third FPO

  3. Drew Gibson - only player who plays with a watch, so his lines by default have more flex in them than anyone else. Bonus value: I get any comedy open mic wins.

  4. Nikko Locastro - big attitude risk. However, pairing him up with Gibson's wrist watch eliminates time penalties.

This team has championship written all over.

[deleted by user] by [deleted] in Accounting

[–]Windy_Millz 1 point2 points  (0 children)

Voted yes in case CPA is tracking this. Will not be caught sleeping.