There are people on this board who are so poor they don't have a WS VIP
Im not poor I have a pressure washing business
>>62267358decided to try again with the name covered this time?the old thread is still up, we can see the name on the cardeven if it gets taken down, it's in the archives>The surname Kepnes is of Ashkenazi Jewish origin, with roots in Eastern European communities (such as Ukraine and Poland).
>>62267358whats that one? need over 100k in account or something? what's it do?
>>62267365kek
>>62267358wow, a 2% cashback card. literally everyone offers that, it's basically the minimum nowadays. why do you think this is a flex?
>>62267382apparently if you have 100k in your account they give you a metal version of the card and waive the annual fee. given that OP is holding a plastic card we know that he's a broke idiot, and also he bites his nails.
>>62267645it's one of the best cards in cuckada just below the amex cobalt before it got nerfed. It is a flex because a VIP requires you to have a 150k minimum income.
>>62267358damn nigga you are one intense nail biter
>>62267652>Wow $100,000 in a bank account!!! What a big deal!Lmao tell me you're poor without telling me you're poo
>>62267708i just know that's the min to get a fancy card through WS, no one said it was a le huge amountyour comment says more about you then anything
>>62267708100k to waive the fee, but you still need minimum 80k income for the visa infinite. For the Visa Infinite Privilege you need 150k income. Also it's a visa infinite privilege so it is a metal card
>>62267834metal cards aren't really that special anymore, even i have one.>t. poor
>>62267358>KEKY CANADIAN CREDIT CARDSLMAOOOOOOOOOOO
>>62267358is the interest rate on these goyim ID cards still like 25%? i can think of nothing more cucked and slavish than being proud of something like this.
>>62267941do you even understand how credit cards work you dumb retard? its interest free money as long as you pay it off in 30 days
>>62267964yeah i'm asking if you're making over 100k, care about dumbass credit cards that grant you elite perks like airport lounge access (lol....lmao even), AND carry a balance (because you will, because you're a dumb faggot who cares about shit like this), are you still paying a 25% interest rate?
>>62267992generally no. After the 12 month introductory period the interest rate for a millionaire is in the range of about 6%this is bumped up a bit by the annual fee.
>>62268001thank you. that is an actual perk.
>>62268001I'm still shocked there are retards out there who pay an annual fee for credit cards. Unbelievable.
>>62267992it also depends on how much you spendthey charge merchants about 3% for a processing fee, so the interest rates to a consumer can be zero or even negative if you spend enough money. They'll make their interest off the vendor. And rich people can buy tens or even hundreds of thousands on credit for free while the card company still makes bank.technically you're still paying the merchant's share of 3%, but nominally you're paying zero.
>>622680036% is highI can borrow against my house right now for less than 3% so cards aren't super attractive unless you're writing off the interestwhich most rich people do.
>>62268005yeah different hustle same game just to drive spend on the card makes sense.
>>62268004>I'm still shocked there are retards out there who pay an annual fee for credit cards. Unbelievable.it's an entirely different calculus when you're1. writing off the fees on your taxes, probably as a business expense2. getting perks and upgrades in exchange for the feerich people math isn't the same as normal budgeting. taxes become a lot more important the higher you go
>>62268010an examplesay I'm a millionaire business owner taxed at 50% (35% plus 15% SE tax ignoring the overlap cutoff).If I pocket $100 I owe $50 to the IRSIf I waste $100 on a product and get $75 worth of perks in exchange, I came out ahead. Because I lost $100 but gained $75 tax-free, which is better than only having $50 after taxthis is the strategy behind lots of business expenses. I'm technically throwing money away, but I get more in return than if I had kept the money and paid taxes on it.
>>62268015this is also the basis of most B2B salesIf you pay me $100 for a product and I deliver $75 worth of product I made $25 and you still came out ahead because after taxes you would have only kept $50 anyways.businesses are fine with spending money on stuff people would consider pointless because it's cheaper than paying taxes
>>62267358I have the BMO World Elite Mastercard with 5% cashback.Questrade will also be launching a couple of credit card products this fall, one of them will be the Questrade Reserve Card for their most elite members, which will have 6% cashback.
>>62268022why do the rich just get richer in our system?what's with the invisible poor tax on everyone ontop of normal taxes?
>>62268044rich people find scalable free money hacks while wagies are on a fixed income that can't be increased beyond the number of hours they can work.the reason the poor pay so much more for everything is simple. That extra poor tax is exactly where the rich people get their money
>>62267834I have this card, it’s not a flex. 150k cad is hobo tier in this country, also nobody will every recognize the card so hardly a status symbol even if you consider it one
>>62268055is the cutoff in CAD?I bought a timeshare once that had a cutoff of $70k USD to apply. The cutoff in CAD was higher. Whatever the exchange rate was.
>>62268064Yes, Wealthsimple is for Canadians only. We have the most kiked banks so this platform is good by comparison. Still can’t do stuff like mortgages, business loans, big purchases or withdraw for physical cash though so still need a regular bank to off ramp to if you want to use your money for these things.
>>62268072interesting. You guys are even more fucked on real estate than we are from what I've seen here
>>62268022>5% on groceries capped at $500 spending per month then it goes to 1%KEK
Is this a marketing thread? Should I get this? I just think it would be tedious to transfer over money to my ws from my main bank to use it unless I can have it autopay from the other account which I'm sure I can? I'm pulling around 250k so I can get the fancy version too. I feel like I never use any of those perks, maybe the 2% back would be ok? I just have a basic bitch scotia momentum right now.
>>62268085300k CAD (220k USD) for average 1 BDRM condo in boring smallish town (50-100k people) and 1 million CAD (~720k USD) for basic detached family home in suburbia with small lawnIf you go to middle of nowhere I am talking towns of like 1k people up north where weather is horrible, prices go down to ~400k for a basic house and 150k for a condo We also have nightmare food prices and nightmare taxes. Canada is a peak humiliation ritual for younger people
>>62267358>>62267305>>62268155>>62268692>Is this a marketing thread? Should I get this?It has to be, there is no way someone (whose last name is Kepnes, probably) isn't getting paid to post this shit twice.Who the fuck thinks 4chan is a good place for this, idk.
>>62267666150k canadian is nothing in real money, that's like a low London salary. Why would you flex that?
>>62268875if it was, i'd be shilling hard the perks. I'm just dabbing on all the leafs who don't have a VIP on this board.
>>62267362Based blue collar business owner. Make sure to take your Mexican employees out for tacos once a month
>>62267358>Measuring how much money you have by the possession of a financial instrument whose sole pupose is spending moneypoor detected
>>62269308cope more poorfag
>>62268010>>62268015> If I waste $100 on a product and get $75 worth of perks in exchange, I came out ahead. Because I lost $100 but gained $75 tax-free, which is better than only having $50 after taxThis is literally the equivalent of clipping coupons not "rich people math" or whatever the fuck you said.
>>62268044You need a good CPA to work all of the tax benefits and write-offs on your behalf.If you run a small corporation (ie. an incorporated day trading business that earns more than $200k per year), you can roll a shit ton of that money into an IPP that you can write off against your business income. Once you're over 40, the contribution limit starts going up a lot.Create a flippable small side business and you get up to $1.25 million in lifetime capital gains exemption when you go to sell it.Tax planning and strategizing, even for individuals with just an RRSP and TFSA, over several years can make the difference in having a few extra hundred thousand or even millions in your investment accounts that you can then compound. For example, saving up RRSP contribution room in your 20s and early 30s until you're making six figures, then slamming 50% or more of your income into it each year to drop your effective tax rate down significantly.There's the RRSP gross up strategy, using $10-20k credit line as a bridge loan to contribute in February, and using your tax refund to pay it off in April/May.Most Canadians can't think or plan beyond the next two weeks.
>>62268897cuckada is a poorfag country. 150k personal income puts you into the 90th percentile
>>62269916lmao
