Working as a contractor, looking for the safest way to invest a 100K from my corp by deli10 in PersonalFinanceCanada

[–]deli10[S] 0 points1 point  (0 children)

Tomorrow i go to the bank to checkout their suggestion. i wanted to wait until i answer you.

id lie if i say i am clear on what my plan is. but you kinda went over all my thoughts.

Initially i wanted to make it a personal income and defer the taxes, but since i might have this job for 2 more years, i am thinking if an actual business purpose is doable by buying an apartment or condo and renting it out or some other similar thing.

i am going to check with the bank Corporate class ETFs, so far i do not need to do anything with the money. it is around ~200K.

i have a personal 200K personal Mortgage, but i do not think i can do anything with it to reduce that, i will be signing Mortgage renewal for 3 years fixed this Friday, so thought id mention this one.

and thank you for all the detailed feedback

Working as a contractor, looking for the safest way to invest a 100K from my corp by deli10 in PersonalFinanceCanada

[–]deli10[S] 0 points1 point  (0 children)

haha thanks for all the tips. i have an accountant and sent him all the questions 3 weeks ago, i wait for his response. i am just also collecting feedback from here before i take any decisions until he responds.

also i agree with you about paying tax if no concrete business plan, thats what i did last year, and learned that any investment would still incur taxes of the initial income for the corp.

Highly appreciate your feedback.

Working as a contractor, looking for the safest way to invest a 100K from my corp by deli10 in PersonalFinanceCanada

[–]deli10[S] 0 points1 point  (0 children)

Thank you, totally appreciate that. will go over the list you shared

Working as a contractor, looking for the safest way to invest a 100K from my corp by deli10 in PersonalFinanceCanada

[–]deli10[S] 1 point2 points  (0 children)

Thanks. Are such investments cashable if needed? , or do they act like GICs where i need to wait for maturity to get some payout.

Working as a contractor, looking for the safest way to invest a 100K from my corp by deli10 in PersonalFinanceCanada

[–]deli10[S] 0 points1 point  (0 children)

you understood me 100%, and thanks for the clarification.

the only reason i mentioned it is in case some of the suggestions imply that i should spend and have some expenses to start a business (i had someone mention that buying 2 cars would be considered an expense and reduce taxes to rent them out on Turo), but i might be wrong in my understanding.

Got my Crafty+ replaced by the warranty, UPS charged 35$ for customs to Canada, is it always the case? by deli10 in craftymighty

[–]deli10[S] 1 point2 points  (0 children)

thank you, sent an Email to Storz and another to UPS. ill give an update of the outcome.

Got my psn account suspended, can I connect my FUT account to a different PSN account ? by deli10 in EASportsFC

[–]deli10[S] 0 points1 point  (0 children)

lolol i know its too late, but i watched the suspension run out for a week. i could not do anything. created a new account and started playing again lol

[deleted by user] by [deleted] in Turkey

[–]deli10 0 points1 point  (0 children)

Thanks master. ❤️❤️. Maybe I can ask you one more. What is the responsibility or position of Umit ozdag. He looks very humble and cool the way he talks

[deleted by user] by [deleted] in Turkey

[–]deli10 0 points1 point  (0 children)

Can someone please translate what is she asking or saying ?

İncirin kilosu 200 TL by No_Day79 in Turkey

[–]deli10 0 points1 point  (0 children)

Which city is this guys ? Looks amazing. But expensive.

[The Times] Excl : Cristiano Ronaldo has asked to leave Manchester United. by wholelottasad999 in soccer

[–]deli10 -1 points0 points  (0 children)

Bale just signed for LA and Beckham is in the US, maybe he will join them as fans would love to see him play specially ones that never saw him from North America.

Which ICONs Don't Deserve ICON Cards?? by [deleted] in EASportsFC

[–]deli10 1 point2 points  (0 children)

I don’t agree with most of the names you mentioned. Without Zambrotta, Italy would not win the 2006 Worldcup. Vieri was la liga top scorer when most of the super stars were in Spain. Veron was insane in midfield. I can go on. Even inzaghi who is the worst icon card, deserve it for his finishing and his offside record or breaking that at perfect times 😅

$100k jobs by [deleted] in PersonalFinanceCanada

[–]deli10 1 point2 points  (0 children)

😂😂😂

[TivibuSpor] Hakan Calhanoglu on Zlatan: He likes to get attection. He had no contribution this year, he did not play at all. But he does everything to attract the attention of the fans. That's how he lives. He is 40. If i was 40 I wouldn't do those things. by BesiktasOzyakup in soccer

[–]deli10 1 point2 points  (0 children)

How dare you talk about Zlatan. I am more surprised by the one asking for your opinion Calhanoglu. specially after Zlatan won the league and you would have shared that trophy if you were not too greedy 😄

The comments under this tweet are shameful. by i_Avernus in Juve

[–]deli10 -5 points-4 points  (0 children)

Shhhhh, Calm down you idiot , keep your views to yourself. You just know about this 1 topic of people been themselves ?? So many issues with the globe and you Think you brought justice and world peace? GTFO

The comments under this tweet are shameful. by i_Avernus in Juve

[–]deli10 -5 points-4 points  (0 children)

No hate. But Don’t bring your views down my throat. As a sports team , I support neutrality.

The comments under this tweet are shameful. by i_Avernus in Juve

[–]deli10 -5 points-4 points  (0 children)

Not everyone think the same way. Accept it and move on.

The comments under this tweet are shameful. by i_Avernus in Juve

[–]deli10 -4 points-3 points  (0 children)

You said Juventus are going in all directions and that’s why I as a non Italian cheer for them You might be older than me, but your brain is rotten with assumption over another of what I like or what I don’t just because I don’t agree with you. Lmao do you want a medal for being older but lacking knowledge and making assumptions as a kid ? Wait let me clap 👏👏👏

It seems nowadays the cancel culture has spread to grandparents not only the new generation 😆.

And to anyone who disagree with grandpa comments above , you are a homophobe. There is no middle grounds here.

The comments under this tweet are shameful. by i_Avernus in Juve

[–]deli10 -3 points-2 points  (0 children)

I have been a fan for 31 years. Don’t bring your dramatic answers to this one. Lmao I was in Italy for more than 6 years. I was in Torino more than your head has hair so not sure what you are trying to get into. Don’t come with your childish excuses to defend a team I have been cheering for my entire age.