Karan Joshi

USA, India and Canada Payroll Specialist | CPA | Sometimes Funny | Trying to be a Good Son, Better Dad and an Average Husband.

[Gabbar @GabbbarSingh]

Vaibhav Suryavanshi from the dugout looking at these seniors

[Gabbar @GabbbarSingh]

The Indian small businessman is the easiest to hate.

Everyone piles on them. Historically, the Pakistani identity was based on hating the Hindu Baniya. Always portrayed as crooked, exploitative & evil by Bollywood.

Successive govts have always treated them as tax-chor. The entire Indian bureaucracy was invented to keep a check on them. To make doing business difficult.

The newly minted MBAs who get trained on western manuals & case studies, hate them too. Very few grads want to work for a Lala company.

And the current crop, hisses at them for not spending on R&D. And forcing their daughters to kill their a-month-old husbands.

It’s been injected in our collective psyche to hate the small business owners. And then we wonder why are so many people unemployed.

[Gabbar @GabbbarSingh]

Letting Shedge make a debut before Suryavanshi is nothing but being sadistic. It’s like rubbing in your face, saying Hey kid, I am the boss. You don’t play with the emotions of a 15 year old. Nurture your talent, don’t shit on it
BCCI

[Karan Joshi @karanjoshi]

@NalinisKitchen wait till you hear of what our desis have done in Canada. !!

[Karan Joshi @karanjoshi]

@kunalb11 abb @thetanmay WhatsApp ke ad likhega

[Muthukrishnan Dhandapani @dmuthuk]

This is what Charlie Munger said about Korea.

It’s up to each individual to decide how much time to spend on work, rest, and recreation.

The crux is that when a society collectively decides to change, change definitely happens.

[Karan Joshi @karanjoshi]

@stayaway_002 Wait till you visit some places in North America.
Check in Time 3pm
Checkout 10am.

Imagine.

[Karan Joshi @karanjoshi]

@GabbbarSingh Bhai @GabbbarSingh Isme yeh Made with AI kyu aa raha hai?

[Gublo @Gubloinvestor]

Lots of confusion about EXIT tax in Canada since @GadSaad posted about it.

What is exit tax in Canada?

When you become a non-resident of Canada for tax purposes, the Canada Revenue Agency (CRA) triggers a deemed disposition on most of your worldwide assets. Essentially, Canada pretends you sold everything at Fair Market Value (FMV) on the day you left, and hits you with capital gains tax on the growth that happened while you lived there. This is what people call the exit tax (or departure tax). 

What you pay taxes on upon leaving?

(1) Non-registered investment accounts (stocks, ETFs, mutual funds, crypto). 

(2) Private corporation shares (e.g., corporate structures or business shares). 

(3) Foreign assets (like real estate or accounts held outside of Canada).

What you dont pay taxes on?

1. Canadian Real Estate & Business Property.

Because these physical assets are physically anchored in Canada, the CRA does not need to tax them on the day you leave—they will simply tax you whenever you sell them in the future.

2. Canadian Real Estate: Your home, cottage, or any Canadian rental properties. 
Canadian Business Property: Assets, inventory, or capital property belonging to a business you run through a "permanent establishment" (like a physical shop or office) inside Canada.

2. Registered Accounts & Tax Shelters

Your Canadian registered plans are shielded from departure tax. However, your ability to contribute to them generally stops once you leave. 

TFSAs (Tax-Free Savings Accounts) 
RRSPs / RRIFs (Registered Retirement Savings/Income Plans) 
RESPs (Registered Education Savings Plans)  FHSAs (First Home Savings Accounts)
Registered Pension Plans (RPPs) and deferred profit-sharing plans.

3. Low-Value Personal Property

You don't have to tally up your everyday belongings.

Personal effects under $10,000: Any individual item of personal use—such as your car, furniture, clothing, household effects, or personal collectibles—that has a Fair Market Value (FMV) of less than $10,000 is completely exempt. 

Cash: Standard bank deposits and physical cash.

[Karan Joshi @karanjoshi]

@iamankitpande Yeh sab linkedin pe dalna rehta Hai bhaisaab...
Kya personal problems ko HR policy jaise bechna Hai online yaar.

[Karan Joshi @karanjoshi]

Someone just said "daddy diwas" instead of Father's day 🍻

[Karan Joshi @karanjoshi]

@jasuja bhai yeh saab 6 mahine ganja peeke vapas naukri pe aa jayenge ..relax!
solitude is great place to visit and a terrible place to stay !

[Karan Joshi @karanjoshi]

@nsinghal211 PARAMPARA PRATISHTHA ANUSHASHAN

[Dr. Devashish Palkar @psychidiaries]

One of my friends is in USA and she sent me a pic of her daughter enjoying by the lake and the water looked so clear and blue. My father tells me that during their childhood they used to also go to local rivers here in India and the waters used to be clear and blue.
What the real F we Indians did to our country in the last 30-40 years that we have no clean water bodies left anymore? 😢

[Karan Joshi @karanjoshi]

@psychidiaries I have reached a point where if they do not have diet coke at a place I am going to eat, I choose to strave but not have anything else :D

[Gabbar @GabbbarSingh]

Fantastic curation!

[Karan Joshi @karanjoshi]

@GabbbarSingh bhai yeh sabb linkedin pe daalo yaar aap !!
comment section ko linkedin bana hi dia hai iss post ne

[Karan Joshi @karanjoshi]

@GabbbarSingh the entire purpose of life is to have fun :)

[Karan Joshi @karanjoshi]

@Highteaspeaks @Bell I am with Koodo. $20 a month. 80GB of 4G data. Unlimited Canada US Calling and texting. 1000 minutes Asia Calling. Bliss.
Only drawback is that the Customer care is all DIY and mostly takes 24 hours to respond.

[Gabbar @GabbbarSingh]

The anthem of every Car stereo in India