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- October 24, 1980
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I'm not sure I've ever seen you have such vitriol for a character, Jux.
I dug this one the most, I think? I'm currently re-watching all the Marvel flicks (That I feel like watching.. I'm going to skip a few) and I might throw the old Raimi spideys in along the way.. and maybe the other ones.
I mean, back in the dizzle when Raimi's were the only ones they were the best. Well, I never cared for 2 as much and 3 had a variety of issues, that I recall. I dunno.. I'll rewatch some shit and get back to everyone which Spidey I prefer.
Animals don't have socialized health care.
Pet insurance is something look into if you want to avoid the massive cost in the future. As always, insurance is you gambling that one day, your contributions will be outweighed or equaled by your use of the insurance, plus peace of mind knowing (mostly knowing, insurance companies will do what they can to not pay you) that if something happens you're not footing a large bill when you need something.
Sorry to hear about your doggy.
Shit like that makes you appreciate Canada's Health Care for people. Wait times are up, but you're not bankrupt for surgery.
Well here's a thing.. if she told you about it, it means they probably weren't being shitty about you. Just talking about you in general.
Otherwise she wouldn't mention it.
Work is boring.. we talk about people all the time at mine. It's all there is to do. We start rumors all the time too. Awful ones. It's hilarious.
Well, a 401k and a Roth IRA are both US pension plans. So you can forget about them.
An RRSP is a Registered Retirement Savings Plan.
Registered means it's being watched and regulated by the federal government. It means it has all sorts of rules, basically. An unregistered investment is basically, holding shares, a savings account, stuff that you don't have to declare. Basically.
Retirement Savings Plan speaks for itself. You're saving for retirement, easy.
The tricky part about an RRSP is that if you contribute money into it, you can't get it out without triggering a tax event. A tax event is basically any time you earn money.
So, just to be clear let's play this out:
You go to work. You earn $1000 at work. You pay income tax on those earnings.
THEN you contribute 10%, $100 of your gross (Gross is money before tax) earnings into a RRSP.
So now you have a RRSP worth $100. If you were to have an emergency and NEED that $100 you will now be taxed AGAIN on that $100.
So if you DO contribute to a RRSP, you need to be certain you won't need the money until you're of retirement age.
The upside to an RRSP comes in two ways.
1) A RRSP can earn you money.
Basically you can ask your bank what they are going to invest your money into. They'll probably have a hedge fund or a GIC or something low risk. Low risk means low reward. Maybe 1.8 or 3% interest earnings annually.
Not terrible. Your money is making you money. This is good.
2) The money you donate to your RRSP does not count as income.
This is where RRSP's really start to shine, Tim. Listen up:
So, you made $20000 last year and you paid income tax on the whole amount. Let's say for shit's and giggles you paid 10% income tax on that 20k.
So that's 2k in income tax that you paid.
BUT you contributed $4000 last year into your RRSP.
Now when you do your taxes at the end of the year the tax man goes:
Ok, he made 20k, was taxed at 10%, oh but look, he contributed 4k to RRSP, well, then he only made 16k last year, so now we owe him money.
So you would in this made up scenario get $400 back at tax time.
Do you see?
RRSP's are considered like.. non-income. And they can REALLY start paying off when they bump you into a lower tax bracket.
So instead of paying that 10% maybe now you only need to pay 5% on that 16k.
These are all made up numbers.. you'll have to look into your provincial tax brackets but that's where RRSP's really shine.. when you start using them strategically to knock yourself into a lower tax bracket.
There are other benefits too. First time home buyers program where you can borrow against your own RRSP up to 25k if you're buying a house. (I did that)
Plus you're saving for retirement.
RRSP - you contribute til you're old and making very little money because you're retired. Then you fund yourself from the fruits of your savings which have grown for years.
You get more money back at the end of the year because RRSP's count as a minus on your income.
You can use them to buy a house or pay for education.
I'm sure Jux can expand on this.. as I'm just kind of going by memory and rambling away.