May 11

Keeping What You Earn Tax Free

by Chris Billows in Business Beller 0 comments tags: Smart Money Management
I was discussing with a colleague about the benefits of retirement savings accounts. In Canada they are called RRSPs (Registered Retirement Saving Plan) while in the U.S. they are called IRAs (Individual Retirement Account). He did not think they were useful, his reasoning being that once you withdrew the money out you were going to be taxed. If he saved $10,000 then he knew he was going to have the $10,000 plus whatever else he gained, the money would not be subject to any taxes. He’s right, but only partly. The benefits of RRSPs are two fold: 1) The government allows you to reduce your taxes payable in the year you contribute. 2) The interest, dividends, or capital gains you earn on that invested money is not taxed. The 1st point is an immediate benefit. Its like instant gratification for saving for the future. The 2nd point is an even more powerful benefit. It allows your money to grow and compound without being taxed. Let me illustrate: Outside of an RRSP: If you invested $200 a month for 35 years, at a return of 8% and your tax rate was 35% then you would accumulate an amount of $237,715.29. You […]

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Apr 23

The Biology of Corporations

by Chris Billows in Business Beller 0 comments tags: Summarizing a Business Organization
Having formed my own corporation and also managed a number of non-profit corporations, I am struck by how a corporation is just like a any other organism. Thinking about this, I came up with the following system to help define what a corporation is and how it consists of three distinct systems that have biological counterparts: 1) Ego & Intelligence System: Operations is the consciousness and personality of the organization. It is the purpose behind the corporation’s existence. The buck stops here for anything that ultimately goes wrong. Operational and Executive Leadership is under the direction of the President (and Vice Presidents) and Chief Executive Officer (and Chief Operations Officers), and anyone else involved with managing the affairs of the corporation. 2) Nervous & Chemical System: Administration is the nerve-chemical communications system and is essential to keeping the various systems working together. Organizational Integrity is under the direction of the Secretary, Chief Administration Officer, Chief Technology Officer, and everyone else involved with administrating the business of the corporation. This would included everything from corporate By-Laws to computer systems. 3) Cardiovascular & Respiratory System: Money and Capital is the cardiovascular and respiratory system that is necessary for a corporation to live. […]
Feb 08

Restarting With WordPress

by Chris Billows in Business Beller, Hobby Heedings 0 comments tags: Blogging, Introduction
I’ve finally arrived to WordPress, an amazing free platform to do self-journal-ling online or what is called blogging (shortened from weblogging). I thought it would be neat to share a little bit of how I got here.     In 1995 a family member setup an Internet Service Provider and I was one of his first customers. I developed my first website back in 1995 called The Digital Tree. It was an eclectic mix of interests combining interest in politics, spirituality, video games, etc. I expanded this website to allow for some political action ventures including the Green Party of Manitoba and Canadians for Proportional Representation. In 2000 I became more involved with politics and created a book that made the striking case that Canada’s First Past the Post elections are twisting voting intentions. I wrote and self-published an ebook called Polls, Parties, and Power that measured elections across the Canadian federation. This was captured in Beacon Publishing, a personal venture that attempted to also do some affiliate marketing as a sideline. My interest in politics waned as my idealistic notions ran up against stark realities. My lack of patience ushered me out of the political arena. This lead to […]
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