You seem to have the mindset that to make good money you have to work for someone RockyMason. It's all about having your own business either full time or on the side after hours. That's how we make 50, 60 sometimes even 70 an hour with a minimal tax hit.
You seem to have the mindset that to make good money you have to work for someone RockyMason. It's all about having your own business either full time or on the side after hours. That's how we make 50, 60 sometimes even 70 an hour with a minimal tax hit.
Yes, exactly what I meant. :)
Minimal tax hit? Are u high? It doesn't matter who u work for u pay the same taxes on the same salaries in the US. If u misreport your earnings that is called fraud. U can get put in prison for decades by the IRS. Most small businesses go under if u didn't know zoogle!
Entrepreneurs are loved in Canada :). Small businesses are encouraged here, which is how people can potentially make a lot of money doing the same thing they'd be doing if they worked for someone else.
Taxes are lower for entrepreneurs under a certain range (didn't research the range, so I don't know exactly) and people write off just about everything. Write-offs are an art form for small businesses.
I was speaking about people that I actually know. I assumed it was average (yes, I know assuming is the worst thing a lawyer could do but I'm not a lawyer yet :) ). I've never bothered to look up the average because I have no interest in it.
As for the lawyer wages, I've known lawyers that work for the crown and don't make that much and lawyers that own their own firms (usually small ones) or work for mid-sized firms and are easily making over $100k. It all depends. Our real estate lawyer has his own small firm and is making a lot more than $100k (I know this because he always teases my mom for being a teacher, since he almost became on himself until he realized how much he hated it and became a lawyer instead. Now he teases her that while she's working her butt off, he's sitting around stamping papers and making 2-3 times her salary).
80k a year
My mom makes more than that as a teacher. She has her MA, and she's in the top category, so she gets paid a bit more than an average teacher, but still, she shouldn't be making more than a lawyer :S
Business in the surrounding Toronto area (I won't speak for all of Canada) can be a huge money-maker if you know what you're doing and start your own business (and get a good accountant). If you know about flipping houses, certain areas in Etobicoke are a gold-mine. You'd have to learn the important bylaws first because its an old town and you wouldn't want to get your building operation shut down for something silly.