Sarah Gets Her First Stripe
  
Congrats to Sarah on getting her first strip in Jiu Jitsu! She was beyond happy to get it.
Robert Does a Super Flip (Crazy)
For the first 40 seconds, the opponent was on top of Robert using his weight. I thought he was going to lose as I didn't see how he was going to get out of it.
Little did I know Robert was setting him up to do a 360 flip. Boom, out of nowhere Robert flipped him and he was on top.
He won the match 6 to 2.
Should You Own Residential Rental Properties in your Corporation or Personal Name
If you have an operating company:
98% of the time: Corporation
If you are an employee:
98% of the time: Personal Name
Corporations change the game dramatically with the use of small business tax rates. Small business tax rates in BC are at 11% with net income < $500k.
If your property is owned in the corporation, the operating company earnings can be used for:
1. Down payments
2. Negative cash flow
3. Mortgage pay down
4. Renovations
All of this is done without paying personal tax.
If you are an employee, you already pay the maximum tax, therefore there is no real reason to use corporations outside of legal protection.
|
