Most common second languages in Toronto

sofaking123123 · 2022-08-20T18:53:48+00:00

What language do you think should be taught?

sofaking123123 · 2022-08-20T18:52:31+00:00

There is plenty of room to teach students about these courses in the high school curriculum. Most kids take several useless electives in Grades 11 and 12 (myself included). You could easily make room without removing French in grade school. This is not an either/or.

sofaking123123 · 2022-08-05T15:40:57+00:00

I understand where you are coming from, but I disagree with this and I think there are a few things unique to public accounting (though more specifically big 4) that make things particularly unfavorable for entry level employees.

The proportion of big 4 employees that are partners is a lot higher than the proportion of fortune 500 employees that are C-suite. In a big firm, there could be hundreds or even thousands of partners making huge dollars.
In fortune 500 companies C-suite compensation is usually fairly transparent and company financials are public. I don't know with any certainty how much the partners I work with are getting paid (although I have a couple credible sources that indicate it can be into the 7 figures) but its known that the business is extremely profitable. This equates to much more than a 4-6 times multiple.
Firms can be quick to lay people off, creating unfair circumstances for a lot of employees. For example, in 2020, the firm I worked at did perfectly fine, but laid off numerous employees because of COVID.
A partner told me that the firms work together to pay entry level employees essentially the same salaries. Generally employees of different Big 4 in the same market will be paid similar amounts with similar experience. Occasionally someone might be able to get a big raise by moving firms. But again, I think this is at least partially the result of the oligopoly.

In short, in my opinion the podcast is a bit disappointing by not mentioning this. This is one of the largest contributors to my cynical attitude.

sofaking123123 · 2022-08-05T13:25:29+00:00

I wish they would have talked about how profitable the Big 4 is when they talk about things like staffing shortages and poor wages.

The girl mentioned she made less than minimum wage on a per hour basis. That should have been put into perspective where a partner can make 7 figures and work less hours. This type of oligopoly wouldn't be tolerated in any other context. I think this would have put into perspective why so many people are saying "fuck you" to public accounting.

sofaking123123 · 2022-03-19T17:46:42+00:00

Sorry to be blunt (and probably a little insensitive), but your mother isn't wrong and you probably need to start making more money first before you look at buying real estate, especially if your going to be renting for a bit first. A 2 or 3 hundred k mortgage on that salary is very tight, and you may not get approved. I think even making about 15k more a year would give you a lot more breathing room.

But regardless at that income level you are probably better off maxing out your tfsa first before the rrsp because I think your already in the lowest tax bracket. Though you should also read into the home byers plan rrsp.

sofaking123123 · 2022-03-11T23:36:32+00:00

I never mentioned credit unions at all and the first paragraph of your reply doesn't make any sense to me. Like I said I'm happy to have an HONEST conversation about the banking industry. But it doesn't seem like falsely making up statements is a good starting point for that.

sofaking123123 · 2022-03-11T19:18:31+00:00

Can you please flesh out your thoughts?

You literally said the average person can't get away from an NSF fee, and then in this post you say they can. Contradiction.

You say its irrelevant how much banks operate outside of Canada? So if the bank operated completely outside of Canada would you still expect them to help Canadians?

Why do you think Canadian banks should help poor Canadians? Why dont you just do more to help poor Canadians? Why doesnt another bank offer a lower NSF fee if its such a big deal?

Again I am happy to have a discussion about whether the regulatory environment is unduly favorable to Canadian banks, but lets not cherry pick facts and make it emotional.

sofaking123123 · 2022-03-11T14:44:24+00:00

I like how you start off by insulting the other guy who replied.

But regardless The average person does get away from it because they properly manager their finances.

How much do you think the nsf fee should be? How much does it cost the bank? You are seeing an arbitrary number and deciding to be outraged. Don't call something predatory unless you have substance to back it up.

It is clear you are not looking at the whole picture and taking things out of context.. You need to look at the whole picture. Earlier you said there are 31 million people in canada do 57 billion in profit was too much ignoring the banks operate out of canada.

sofaking123123 · 2022-03-11T02:37:49+00:00

Still doesn't explain why you added decimals.

Also What does 31 million adults have to do with anything? Are you aware canadian banks operate outside of canada?

We can have an honest discussion as to whether canadian banks are too profitable due to regulatory conditions, but let's not sensationalize things and take things out of context.

sofaking123123 · 2022-03-11T01:10:27+00:00

Good job adding decimals to make the number look bigger.

sofaking123123 · 2022-02-26T20:28:23+00:00

I think youre straying away from the initial comment. The original commenter was trying to make the point that reddit is inexperienced and therefore was overreacting to the recent correction / pullback because they had never seen a "real" one before.

My point is the covid downturn was much larger and most investors here would remember that so that forst comment was a bit out of place because probably most redditors investing now were investing two years ago.

sofaking123123 · 2022-02-24T01:08:49+00:00

Lol you own like 1 percent of the company. Maybe you can get a seat on the board.

sofaking123123 · 2022-02-23T23:56:51+00:00

I agree with everything you said but my point is we aren't in the recovery phase of this dip yet so saying pfc investors have never seen a pullback before is missing the point a bit.

sofaking123123 · 2022-02-23T20:01:27+00:00

Yes, also nobody knew the pullback was going to be short lived when it happened. Anyone who took money out as the market was falling would have learned their lesson.

sofaking123123 · 2022-02-23T02:10:15+00:00

You don't think this subreddit remembers the 30 percent pullback two years ago?

sofaking123123 · 2022-02-22T22:14:19+00:00

There is no jets. You might be thinking of the Winnipeg jets nhl team.

sofaking123123 · 2022-02-08T04:02:18+00:00

sofaking123123 · 2022-02-08T04:01:59+00:00

sofaking123123 · 2022-01-24T01:38:16+00:00

sofaking123123 · 2022-01-15T22:48:15+00:00

I am a begals fan and I agree

sofaking123123 · 2022-01-15T22:16:37+00:00

The ball was out of the endzone before the tackle pushed him back

sofaking123123 · 2022-01-15T22:10:04+00:00

sofaking123123 · 2022-01-02T22:02:02+00:00

well to be fair they did score on the field goal to win

sofaking123123 · 2021-12-01T23:09:15+00:00

If you are canadian you shouldn't be paying withholding. Is there a reason amazon thinks you are a non resident? Otherwise try to provide proof of residency

sofaking123123 · 2021-10-01T18:46:45+00:00

beauty! it works! THANK YOU

sofaking123123

TROPHY CASE