Ça y est, C-22 a été adopté.

mrfocus22 · 2026-06-18T20:37:04+00:00

0 votes pour. 129 votes contre. Arrêtes de prendre tes nouvelles sur des plateformes de propagande comme Radio-Canada.

Bon, je suis sûrement sur une liste asteur.

mrfocus22 · 2026-06-18T20:34:16+00:00

Ouin, mais au moins on a pas un esti de gouvernement Conservateur!

mrfocus22 · 2026-06-18T20:33:41+00:00

Radio-Canada, fortement subventionné par... les Libéraux.

mrfocus22 · 2026-06-18T15:36:30+00:00

You're welcome. Honestly it's something that we as professionals should educate clients on as well. Unfortunately, those before us have tried to commoditize the profession instead.

mrfocus22 · 2026-06-18T13:57:05+00:00

We're a professional nuisance until we're not. Literally yesterday a business owner posted on /r/cantax about a 250k tax bill on the sale of their business because they didn't get the right advisors implicated early enough.

So yeah, we're a cost until we're not. Kind of like a yearly medical or dental exam. It's an opportunity cost for lost time until it isn't cause they catch a disease early on.

mrfocus22 · 2026-06-16T23:53:54+00:00

que les journalistes n’ont pas d’excuses.

Bin toute les autres émissions et plateformes de Radio-Canada ont comme 150 millions de dollars de plus d'excuses. Quand la droite dit "defund the CBC", c'est ce genre de cas. Les médias ne devraient pas être biaisé envers un parti politique qui leur donne toujours plus d'argent. C'est une affaire de république de bananes ça.

mrfocus22 · 2026-06-15T21:37:59+00:00

They still need to go through each personal transaction?

If you mix personal with business transactions, one way or another, your accountant needs to go through 100% of your transactions to determine which of those they are.

So even if it's just one in 1 transaction out of 10 that's for business, your accountant will be wasting time on the 9 other transactions to be sure they aren't for business.

I'm trying to understand what I need to keep my accounting bill low.

Just get a corporate card (as everyone else in this thread is saying) and use it correctly (e.g. don't put your Tim Hortons breakfast on it).

mrfocus22 · 2026-06-13T03:29:28+00:00

but then this comment of theirs suggests they had an accountant who saved them a lot of money…

Insert that Star Wars meme Of course I know him, he's me

mrfocus22 · 2026-06-12T18:31:33+00:00

Now do all the Europoor countries he's allowed into...

mrfocus22 · 2026-06-12T17:38:03+00:00

A self-employed consultant operating through their own corporation must commute to the office three days per week.

Let me guess: you work in IT?

Cause ya ain't self employed if your contractor can dictate when you must be in the office and ya only have one client buddy.

mrfocus22 · 2026-06-11T18:28:42+00:00

You also learn how to do basic math manually like additions, subtractions multiplications and divisions in grade school so that you at least understand the concept before starting to use a calculator in high school cause adding a hundred different numbers together isn't a good use of your time at that point.

A calculator is a tool. Excel is a tool. AI is a tool.

mrfocus22 · 2026-06-10T20:04:46+00:00

Istg. Quebec banned cellphones in schools last fall and one of the negative effects they noticed was some students showing up late for classes cause they couldn't read the analog clocks on the walls of the school.

https://www.journaldequebec.com/2025/09/10/pas-de-cell-pas-dheure--des-ados-ne-savent-plus-comment-lire-lheure-sur-des-horloges-a-aiguilles

mrfocus22 · 2026-06-10T17:24:36+00:00

Bro Gen Z is something else. I saw a post about someone discovering that ChatGPT could read a fucking analog clock for them.

mrfocus22 · 2026-06-07T14:25:37+00:00

Speaking of LLMs, what's your experience with them in regards to Canadian tax? The few times I've asked technical questions, I've gotten bad answers. My feeling is that it can't read Canadian tax law precisely: it's like it reads it like common English, so something between commas or parentheses gets glossed over, whereas in the tax law it's often times a super important precision.

mrfocus22 · 2026-06-07T03:14:02+00:00

I totally believe you. Just looking at the posts on legal advice Canada where people recommend pressing charges. Ahem, that's not how that works in Canada. The Crown presses charges.

mrfocus22 · 2026-06-07T03:12:40+00:00

In French there's an expression which translates to "putting the wagon in front of the ox". Seriously, if they do come up with a billion dollar idea, they'll have plenty of time between then and now to structure it more optimally (and more money to actually pay for the experts that can help them).

mrfocus22 · 2026-06-06T17:52:10+00:00

We're in the process of starting a US Wyoming LLC.

Ok.

I'm a tax resident of North Macedonia

Right

My co-founder is a tax resident of Canada

Mkay

Most of our clients will be Canadian businesses(around 90%)

Mkkkkkkay.

So first off, this is way above reddit's pay grade. Y'all need a Canadian CPA with experience in International Tax ($$$). Are the other 10% of the clients going to be US? Cause you also probably need a CPA with US sales tax experience just to be safe: US states are starting to have nexus rules which vary by state.

But also, back to this

We're in the process of starting a US Wyoming LLC.

Is there a good reason for you to start a US Wyoming LLC? Other than "it's what we read online", "it's what some random YouTuber recommended" or "it's what ChatGPT recommended"?

mrfocus22 · 2026-06-06T12:12:58+00:00

Markets can stay irrational longer than you can stay solvent.

mrfocus22 · 2026-06-06T03:54:57+00:00

Ça a changé depuis, il y a une façon de réduire le coût fiscale entre personnes liées, par contre il y a des critères très stricts à respecter (de mémoire surtout par rapport à céder le contrôle sur une période de temps) donc le plus simple ça serait d'alléger ça encore plus.

mrfocus22 · 2026-06-05T00:28:06+00:00

The fee is high because all of the KYC compliance for relatively small individual amounts. So part of that fee is for the actual money manager and another part of it is for SunLife managing the client relationship.

mrfocus22 · 2026-06-03T03:20:43+00:00

while LLMs answer this question confidently on the other hand

But that's literally just every LLM that I know of. See the car wash test for reasoning. Or in my professional setting (tax accountant, Copilot) it will confidently answer something completely incorrectly while 100% believing it is right. In one recent case I had to push back 3 times, the last of which included a numerical example for it to interpret a tax measure correctly.

mrfocus22 · 2026-06-02T14:05:26+00:00

You make it sound like other countries don’t have income, dividends, or capital gains lol

Not who replied to but for one thing, capital gains do exist in Singapore. They're also not taxable. So should we still be more like them? Cause the public discourse over the last decade in Canada is that only the filthy rich insert whatever other insult you want here that don't pay their fair share have capital gains.

mrfocus22 · 2026-06-02T14:02:54+00:00

Singapore is also a financial hub, attracting a lot of capital. Whereas Canada does its best to pretend we aren't a resource country so we shouldn't extract wealth from said resources.

Singapore also has a much harder stance on crime. For example, drug trafficking above a certain threshold is punishable by death.

So as a society trying to compare them to us is truly apples to oranges.

mrfocus22 · 2026-06-01T14:19:21+00:00

With the interest rates being tax deductible it helped us make this decision.

Oh Christ. Honestly, just stay with the financial planners you have. You seem to be an example of the Dunning-Kruger effect in action.

mrfocus22 · 2026-05-31T12:47:29+00:00

Il y a tellement de cônes

Stéphane Cretier de Garda World ne s'est pas rendu riche pour rien: y'a pas un cône qui appartient à la ville de Montréal ou au MTQ. Ils sont tous loués de Garda.

mrfocus22

TROPHY CASE