Met a guy making 400k annually living paycheck to paycheck because 10k pm is the mortgage. Seemed to be completely stuck because of one bad decision in life(buying at peak).Calculating eligibility at 5x of the before tax pay is a scam when 50% of it is gonna be get eaten by Tax
The market is flush with liquidity, Govts across the world willing to print money at slightest change of status quo. Fiat only depreciates in such a scenario. Technical comparison makes no sense untill the QT is at similar levels as before.
US MARKET IS TRACING THE DOT-COM CRASH ALMOST PERFECTLY
NASDAQ 2000: parabolic run, double top, 78% crash over two years
People lost millions when the market collapsed
S&P 500 2026: same structure, same double top, same first leg down
Last time it took 15 years to recover
Seems like every financial planner in Canada suddenly came to know that tech industry is one of the highest paid and most probable to fall in 54% marginal tax bracket. They are now spamming the shit out of tech workers on LinkedIn π
@WestJet my flight got cancelled from Toronto and I didn't I didn't fly on replacement flight either. The baggage fees was not refunded. Cstmr care said that they can't refund. I want to confirm that why can't baggage be refunded if i didn't use the service at all. Already DMd
@Brownmoose@BTCWealthWar Ontario. Quebec gets 5% federal tax rebate otherwise they will pay marginal rate of 58%. Ontario presents province taxes in scamiest way. It will appear that max rate is 14% but it charge f$$g surtax of 36%. They find innovative ways to scam us
@chaoticparams The amount of deficit provinces and country are accumulating, taxes are going to increase only. Reducing taxes is also a political suicide in Canada. Itβs a dead end discussion tbh. Accept the fate or move south !
If you are even slightly skilled and earning well, filing your taxes will be most depressing moment for you in Canada, 50% marginal tax at 180k CAD is batshit crazy !
@brankopetric00 Especially pay attention when vibe coding. The LLM could set a high retention window leading to ultimate unpleasant surprise in the bill. Infact, first thing to do when working with infra could be to ask it to create budget alerts !
@betsy_kane@CitImmCanada Govt and its agencies should put a disclaimer on X: The stuff being posted here is entirely fictional and any resemblance to anything in real life is purely coincidental.
@kalpeshmak16 If you go to Canadian reddits, you will find that Canadian taxes are very low and need to go higher for many years before we start tax efficiency conversation π
@jadengis Forcing mass exodus of entrepreneurs and talent to turn California into Canada will be one hell of an achievement lol. Socialists donβt realise that mobility to lower tax jurisdictions is easier than ever and even more for people having means