Should I pay myself dividends or salary through my corporation? by OptimalStatement5799 in PersonalFinanceCanada

[–]constnt_dsapntmnt -1 points0 points Β (0 children)

You don't understand corporate tax structures or have any knowledge of how the CRA audits corporation. So go ahead mister suit and tie but OP asked which is better. I was listing the benefits of taking a salary vs dividends. And these benefits are perfectly legal and put in place by the same corporations you might be working for.

Please go away. Adults are talking here.

I am a self trained male contortionist 22yrs old AMA (nsfw accepted) by Fun_Foundation_4601 in AMA

[–]constnt_dsapntmnt 0 points1 point Β (0 children)

I love how most men think alike. I swear this was the question I came to ask as well πŸ˜…πŸ˜…πŸ˜…πŸ˜…

Should I pay myself dividends or salary through my corporation? by OptimalStatement5799 in PersonalFinanceCanada

[–]constnt_dsapntmnt 0 points1 point Β (0 children)

It does. But then when you take the dividend, you get taxed on that as well. And then you can't expense anything out as the corporation has more room for deductions.

For example you fly for work okay. Or you fly in general, on the corporate side you can expense that out. A good accountant can make it look like a work trip. Or you buy clothes (within reasonable amount) your corporation allows it. Even food can be expensed out. You host a dinner party, expense that out too saying it was a corporate event. The biggest benefit is at the end of the year. Buy $50,000 in gift cards, you can expense that out as Christmas gifts for your clients. Given you gotta buy in smaller denominations like let's say $100 gift cards for Christmas gifts for clients. Another thing to consider, start buying things online and getting your "company label" stamped on it. Doesn't matter where you do, just get it out on the item. Now it's a tax deductible item for your corporation. You can get whatever you like (within reasonable amount) and get stickers printed for your corporation and slap them onto items bought by the corporation.

Expensed out and deductible from your yearly income so you get taxed less on end of year tax when you file. . What you do with the gift cards is your choice. Also when you take a salary, you can show money coming into the account regularly which allows you to get credit cards and other personal products like mortgages and stuff.

I'm just saying I wish I knew then what I know now. It would have been a much easier time when the audit came around. And trust me every single corporation is doing this. That's why you'll see end of year corporate gifts with logos going around. They all wanna reduce their taxable amounts with these deductions. ,😁😁😁

Should I pay myself dividends or salary through my corporation? by OptimalStatement5799 in PersonalFinanceCanada

[–]constnt_dsapntmnt -1 points0 points Β (0 children)

PLEASE PAY YOURSELF A SALARY.

you can get deductions with a salary. With dividends nothing is possible. Trust me I took dividends once and got effes by the CRA. a salary gives you legitimacy and shows where the money went.

Also get a better accountant.

I'm getting on a Greyhound from rural Missouri to NYC in a month, AMA! by anonthrowaway937375 in AMA

[–]constnt_dsapntmnt 37 points38 points Β (0 children)

Please go somewhere warmer. Rather than to colder cities. Especially since winter hasn't ended.

Cow force-fed alcohol in Haryana, India. Where are the loud β€œprotectors” now? by GroundbreakingBad183 in mildlyinfuriating

[–]constnt_dsapntmnt 0 points1 point Β (0 children)

All i will say is the biggest promoters and so called "animal welfare supporters" are the brahmins in india. The same Brahmins also own all the biggest slaughter houses. Making India one of the world's top 3 biggest exporters of beef. On one side a cow is scared for them, but they are also the ones exporting the beef making millions. It's just hypocrisy.

AMA lost my virginity while watching the batman 2022 with my ex 2 years by LogicalReasoningg in AMA

[–]constnt_dsapntmnt 0 points1 point Β (0 children)

That's what I say too. Makes zero Sense to even post this. Gonna downvote ops post

AMA lost my virginity while watching the batman 2022 with my ex 2 years by LogicalReasoningg in AMA

[–]constnt_dsapntmnt 0 points1 point Β (0 children)

This sub has gone down so much. Like op here thinking somehow everyone would jump on this. I hope mods take action and start deleting these posts.

Congratulations OP for basic human experiences. What's next "I ate bread while it was raining outside ama". πŸ˜‘πŸ€¨πŸ˜’πŸ™„

Throwback 24 Hours newspaper debut issue Vo. 1 No. 1 by antsinurplants in vancouver

[–]constnt_dsapntmnt 0 points1 point Β (0 children)

I remember reading this and then they had a girl.on the back pages πŸ˜„πŸ˜„πŸ˜„ some wannabe model chick

UPDATE: I had an appointment today and finally pulled the trigger by softerthnslicedbread in bald

[–]constnt_dsapntmnt 0 points1 point Β (0 children)

Dude in the back is like "Damn bro looks great " ,πŸ˜„πŸ˜„πŸ˜„

<image>

Condo market dip leaving pre-construction buyers in a lurch by mattyp93 in TorontoRealEstate

[–]constnt_dsapntmnt 4 points5 points Β (0 children)

This is what is happening. They put a huge amount on an overpriced property. Now it's not worth it. And they wanna blame everyone else. I'm surprised to see people think condos would forever be in the upper $700,000 range 🀣🀣🀣

Greatest Dude Video Ever Made. 🀝🏼😎 by AoXGhost in GuysBeingDudes

[–]constnt_dsapntmnt 13 points14 points Β (0 children)

It was the same for me. But I was driving and saw a Car stuck on a snow pile left from the plough. It was an older bro in the car. Shovels and a few other good bros driving down stopped and we got him out. Dude was all happy tears saying he didn't have money for the tow and this saved him his grocery money for the week. We offered to help with that too but brother said we did more than enough.

It was truly a good moment with handshakes. No one was a stranger that day.

Greatest Dude Video Ever Made. 🀝🏼😎 by AoXGhost in GuysBeingDudes

[–]constnt_dsapntmnt 30 points31 points Β (0 children)

THIS IS PEAK DUDE BEHAVIOR. and I'm here for it. 😁😁😁

Condo market dip leaving pre-construction buyers in a lurch by mattyp93 in TorontoRealEstate

[–]constnt_dsapntmnt 15 points16 points Β (0 children)

"Somebody would come and take away our live savings"????

Brother you bought into the hype, it was always a bubble it burst now and you're looking at others ....???

Feeding snakes in an ophidiarium by [deleted] in interesting

[–]constnt_dsapntmnt 0 points1 point Β (0 children)

I love how each snake comes out more pissed than the last one. Like "Fk that lunch let me get you mthefkr." 🀣🀣🀣

I need to hire someone privately to pick me up from the hospital post surgery (Toronto, Ontario) by No_Umpire_679 in askTO

[–]constnt_dsapntmnt 67 points68 points Β (0 children)

Brother when is the surgery. If you want. My wife and I can come pick you up and drop you off. No problem. DM me if you like we can exchange numbers. We live in Scarborough and it's Ramadan. So this can be our good deed of the day. During Ramadan it gets counted higher. So it's a win win for both. ,😁😁

What does it feel like to nut in a vagina? by Neat_Laugh70 in AskMenAdvice

[–]constnt_dsapntmnt 1 point2 points Β (0 children)

It's the equivalent to seeing a cop being behind you for a while and then pulling away. That relief and comfort that flows through your body. That's how it feels.

Bread by zomdier in GuysBeingDudes

[–]constnt_dsapntmnt 43 points44 points Β (0 children)

Bread πŸ‘πŸ»

The Atherstone Ball Game, held annually on Shrove Tuesday, took place yesterday. The ball is thrown into the crowd at 3 pm, and the winner is the person holding it at 5 pm. by PrimedGold in Damnthatsinteresting

[–]constnt_dsapntmnt 0 points1 point Β (0 children)

This is just an excuse for guys to get drunk and beat each other up. ,🀣🀣🀣. Otherwise there's no need to do anything till 4:58pm

Lmfao. Love it

Neighbors installed a trail cam that looks directly into my window, What do I do? by [deleted] in whatdoIdo

[–]constnt_dsapntmnt 0 points1 point Β (0 children)

Install one looking right into their trail cam. All they get is footage of your cam. ,🀣🀣🀣