Careers

Your road to the RFD 100k individual Salary!

  • Last Updated:
  • Oct 22nd, 2017 3:40 pm
Tags:
None
Deal Addict
Nov 2, 2013
4730 posts
860 upvotes
Edmonton, AB
FreshCo wrote:
Jun 4th, 2017 1:24 am
Women don't like engineers eh.
If you go north, just tell them you make $100K, do anything for a woman, text her 90 times a day, and you're ready to have her shit 3 of your kids.
Member
Apr 14, 2017
200 posts
65 upvotes
DT Calgary
FirstGear wrote:
Jun 4th, 2017 12:12 pm
If you go north, just tell them you make $100K, do anything for a woman, text her 90 times a day, and you're ready to have her shit 3 of your kids.
Sounds about right. Most women, even when they tell you otherwise, just want someone to take care of them and live their lives through you.
Deal Addict
Mar 7, 2011
2585 posts
730 upvotes
Vancouver
Corner3 wrote:
Jun 3rd, 2017 9:41 pm
All things being equal, they'll choose the rich guy.
Thanks.
Deal Addict
Nov 2, 2013
4730 posts
860 upvotes
Edmonton, AB
FreshCo wrote:
Jun 4th, 2017 1:19 am
RFD needs a dating sub-forum. Don't know why they haven't gotten one over all these years.
But... we will then talk about women from China requiring you to buy a property in her name to marry her. Then it will be 20 pages about fights about interest rates rising to infinity, everyone losing their houses, us jumping out of our Mom's basements to get a deal, and get rich when the market rebounds.
Newbie
Dec 16, 2008
5 posts
5 upvotes
Toronto
Only 6% of Canadians make $100K
Only 1% make near $200K
Very very few will ever come close and the vast majority are business owners, not employees!
Member
User avatar
Nov 30, 2010
403 posts
127 upvotes
Coquitlam
Stumbled upon this thread. Interesting to see many different paths to the 100k, most seem to be in STEM. I work in software.

2010 - 38k (intern)
2013 - 43k (intern)
2014 - 52k new job
2014 - 55k new job
2015 - 62k raise
2016 - 67k raise
2017 - 80k new job
...
2020 - 100K?
Banned
Dec 5, 2015
1344 posts
437 upvotes
Thornhill, ON
ellis123 wrote:
Jun 4th, 2017 7:47 pm
Only 6% of Canadians make $100K
Only 1% make near $200K
Very very few will ever come close and the vast majority are business owners, not employees!
Lol what? .small business owners report much lower earning..you will find few who will report 100k on earnings

I have lots of friends who are businesse owners with declared income closer to the 28k mark but they use the business as a piggy bank to reduce taxation and write-off expenses...their real income is more like a few hundred k but it's never going to be recorded in any measure ...cause...small businesses are all about tax evasion
Newbie
Feb 13, 2017
53 posts
11 upvotes
toronto, ontario
ellis123 wrote:
Jun 4th, 2017 7:47 pm
Only 6% of Canadians make $100K
Only 1% make near $200K
Source? I'm genuinely curious.
Deal Addict
Nov 2, 2013
4730 posts
860 upvotes
Edmonton, AB
Doubleshot wrote:
Jun 10th, 2017 12:39 pm
Lol what? .small business owners report much lower earning..you will find few who will report 100k on earnings

I have lots of friends who are businesse owners with declared income closer to the 28k mark but they use the business as a piggy bank to reduce taxation and write-off expenses...their real income is more like a few hundred k but it's never going to be recorded in any measure ...cause...small businesses are all about tax evasion
Well, if you want to grow big, you have to be a big business at some point. Or for financing purposes to grow their assets and business, they would have to report high income to show to lender(s).

In theory if I split my income among my family members, I would pay much less tax. But I don't have that luxury because in order to finance a new rental property every year or two, I have to report $100K+ income.
Deal Addict
Jun 27, 2005
1015 posts
122 upvotes
Oakville, ON
PhotoSmurf wrote:
Jun 10th, 2017 2:25 pm
Much appreciated!

Interestingly, it would appear 8% of Canadians earn $100K and 1.5% earn $200K as per the latest figures (2014).
I'm seeing 10.7% at $100k-200k and 2.2% for $200k+. Have to add 100k and 150k together and 200k and 250k+.
Deal Addict
Mar 7, 2011
2585 posts
730 upvotes
Vancouver
PhotoSmurf wrote:
Jun 10th, 2017 2:25 pm
Much appreciated!
Interestingly, it would appear 8% of Canadians earn $100K and 1.5% earn $200K as per the latest figures (2014).
2heaven wrote:
Jun 10th, 2017 3:13 pm
I'm seeing 10.7% at $100k-200k and 2.2% for $200k+. Have to add 100k and 150k together and 200k and 250k+.
Both of you should upgrade your math skills. Or English comprehension. and over means everybody else that makes more is already included in that number, you don't get to add anything.

Canada population 2014 ---------------------------------------- percent
35,544,000 ---------------------------------------------------------- 100%
Individual earning $100,000 and over ------------------------ percent
2,116,680 ---------------------------------------------------------- Y

Y=2,116,680 x 100 / 35,544,000 = 5.95%

5.95% is already smaller than 10.7% or 8% and it includes all the people who earn 100k AND MORE. You have to actually substract 726,420 from 2,116,680 to find out who earns between 100k and 150k, and then the percentage gets even smaller. 3.9% to be exact. But what do I know, I don't even make 50k/year ...

LE : my bad, PhotoSmurf is right if we use the number for the income earning population, which is 26,618,560, and not the total population of Canada. If we use the second number then ellis123 is also right. 2heaven is still wrong, though :razz:
Deal Addict
Jun 27, 2005
1015 posts
122 upvotes
Oakville, ON
charlesd79 wrote:
Jun 10th, 2017 3:28 pm
Both of you should upgrade your math skills. Or English comprehension. and over means everybody else that makes more is already included in that number, you don't get to add anything.
Yes, my apologies. Reading comprehension lapse.. I don't know why but I just assumed the salary ranges when I saw the numbers instead of actually reading 'and over'. I guess i just read the chart how i would have organized the data. Photosmurf's numbers are correct.

Top