Thank you for watching and sharing!

Glad to help. Best of luck!

One day! :) Thanks for watching!

Thank u for the feedback

Thank you kindly

Appreciate the feedback :) Thank u

Name another channel like this. I’ll wait

Glad to help. Best of luck! Thank you for watching!

Lol, thank u

NP Make sure to watch tomorrows Video on wealth management

Glad to hear that

Glad u enjoy the videos

Great tip

Glad to hear it!

Glad it’s helping Thank u for the positive feedback (Ronen)

NP

NP

Truck driving is a great job in Canada

I am Glad u enjoyed it Thanks for the positive feedback

NP

appreciate the positive feedback.

Glad you like them, appreciate the positive feedback

Glad to hear it

Thank u

Great job! Thanks for watching.

Thank you Tony!

Totally agree

Hi Thank u Appreciate the positive feedback

There probably is haha

Thanks for sharing. Good point.

NP

Lol

My pleasure!

U welcome :)

NP

Glad you enjoyed it

Lol Thank u

You should start with a single member LLC. If you end up making a good amount of money your first year you can have your accountant switch that over to an S-corp prior to filing your year one taxes.

Because if u pay yourself 60 And her 20 she will be taxed at a much lower tax bracket If u pay yourself 80 and her 0, u will be taxed more

@@NorthAmerican-Trucking-News Oh. I see. Thanks for explaining. That makes sense. Unless she is making better money than the driver at another job. Then that additional 20K might push her into a much higher tax bracket ;-))))

Thank you for watching. We often talk about owner ops and lease operators. Check out some of our other videos to get an idea.

Comming up next week, thanks for the comment, it inspired me to do the video.

Appreciate it

for the food i would pay personal and put a portion of the receipt on the Corp, the do food is trickey, i would ask the accountant

Watch the video tomorrow that will be released

Hey there my friend. I'm in exactly the same boat. Do you have a company lined up to pull for? Is ET an option for you or do you plan on driving in "semi" retired mode?

@@airdog4442 @Air Dog Exactly that! SEMIretired just as my profile name suggests. I am presently working part time for carrier based outside of Montreal running Montreal-Toronto when they are stuck on weekends. May want to work for them or someone else but no full time! One week on one week off kind of gig, and no winter trucking. We'll see when we get there. You looking to retire soon also? Where are you working at now?

I'm kinda doing the same thing. I'm a pilot for the federal government working 8 days on and 6 days off so on my off time I drive part time for a local company doing deck work, low boy and float work. Not really my cup of tea though as you're generally dirty when doing equipment hauling. Flat deck not so bad but even that's a young man's game because it's mostly steel and pipe. I have about a year and a half to go and then I'm retiring. My plan is to buy a truck (with no or very low payments) and just do loads that suit me working about half time. I'm presently in Manitoba but will retire in new Brunswick, although I was actually born in lachine!! Haha Not sure if a canadian owner operator can do spot market work and cash in like the Americans are doing or not.

@@airdog4442 Wow a pilot!!! Hard act to follow, trucking is quite different. Not sure about owning a truck. It's something I too think about very often, but I don't want to do it full time anymore and I don't want to do winters especially either. Would make no sense to invest into it. And as far as Canadian spot markets I'm not sure how well they pay. I do watch alot of truckers on You Tube who are doing exactly that, like Big Rig Raidio Network, Big Rig CEO just to name a few. But they are all American channels talking about their rates, insurance, taxation related info. I haven't ever found a Canadian version so as to be able to compare. I'll be able to retire the in next 2 years I'll be turning 60. I also work with my Nephew doing carpentry work for him now also and he does keep me quit busy doing that and pays me very nicely also. So yeah, I'll be quite busy when I retire between trucking part time and carpentry work. So you're from Lachine ,living in Manitoba, and planning to retire in N.B. Quite the busy life you've got there .

I think we're in the same boat. I'm 58 and will officially retire at age 60 but I have several months of vacation accrued that I can take before retirement . I also have the option to retire and then come back as a reservist and basically continue what I'm doing now. BUT, I miss trucking and think I want to subsidize my retirement with fun. No payments, just fun on my own terms

@oramlll Thanks, and only thing I am gonna need from them is the authority correct ?

@oramlll Thank you that you took time and explained ; I am new and still going through the orientation process and I am not there yet. However, my goal is to own a few trucks and thats why I am asking all thes questions. Thank you for your time ! 👊

@oramlll I hope they will improve electric truck batteries in few years and I will be able to pay good for my drivers😆🤷🏻‍♂️

???

Yep

@@NorthAmerican-Trucking-News lol smh

Spends your money!