Filmmaker. Engineer. Not sure in what order. 🇨🇦 #SeanHodgins
Ontario, Canada
Joined December 2013
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Extremely Dangerous Holographic Christmas Tree of Death™
#MerryChristmas
The funniest part of this to me is, I would have assumed that ANY province to hit maybe 30-35% YES if they were to randomly do this vote, just by general online sentiment of the federal government, and yet the province who talks about it constantly couldn’t even break 25% 😂 😂
You put $458 into your RRSP, why are you including it in your deductions? The Net including that is $3277. On top of that your RRSP contributions are likely giving you a tax return of around $5000. Your RRSP is still your money.
To show everyone how much workers get taxed in Canada for our "free" stuff.
Gross earnings: $4800
Net earnings: $2819
Thats a big reason I left Canada. After expenses, there was nothing left at the end of the month. This was 2020 and I had a high paying job.
#CanadaIsBroken
If these numbers are real. A few things stand out:
1) Winnipeg is more expensive???
2) it’s ONLY an extra $500/mo to live in Montreal???
3) the extra $1000/mo to NOT live in Edmonton is worth it.
But also, 1250 * 2 ≠ 2250
If Toronto rent is bleeding you dry, look what 1-bedrooms actually cost across Canada right now:
• Toronto: $2,250
• Ottawa: $1,850
• Montréal: $1,750
• Calgary: $1,650
• Winnipeg: $1,350
• Edmonton: $1,250
You can literally rent two full apartments in Edmonton for the price of one box in Toronto. 💀
Sean Hodgins retweeted
I'm starting a homelab festival (you're invited): homelabfest.org
Sean Hodgins retweeted
I made a microprocessor and want to tell you all about it!
Video covers at a high level HDL and programming, synthesis/layout and bringup
It was a lot of work, but really fun! 10/10, would recommend everyone tape out some custom silicon 😊
youtube.com/watch?v=q6ytRHaT…
This is the literal definition of being governed. They didn’t want their shed like this, but chose to spent time and money to follow the written rule and law of the government. 🤷♂️
CCA was bullshit in the first place. You’re a small business, and you’re strapped for cash but you need that computer/equipment/tool, that tax write off is going to keep you going come tax season. A lot of things were accelerated CCA already but the rules are so damn convoluted.
Canada announces 100% depreciation for more assets.
For context, if you buy $100 of equipment for your business, you generally cannot deduct the whole $100 right away. You write it off slowly:
Year 1: $30
Year 2: $14 (20% of the $70 left over)
Year 3: $11 ((20% of the $56 left over)
And so on, for years.
You’ve spent the money today, but the tax savings come over many years.
Canada is now announcing that you can now write off the full 100% in year 1 on many assets including equipment, furniture, software, computers, patents,pipelines, rail tracks, roads, etc.
A few things to keep in mind:
1) This is important because the U.S. already lets businesses do this. So it makes us more competitive.
2) One thing to watch out for is implementation. This is an announcement but not yet law. It’s possible CRA may disallow this until it actually becomes law.
canada.ca/en/department-fina…
Sean Hodgins retweeted
BELIEVE IT OR NOT….
They mothefucking DO!!
not only that
they said we were a small customer still and many corporations already have had to deal with this when the OG Lenovo’s lol
Does your insurance know you have tens of kWh of LiPo batteries all charging in one location? You also likely need proper permits and fire proofing to house that amount of batteries.
