Beginning of the End of Employment

No one wants to pay me what I like- especially with the shifting labour market and the oilfield downturn, shifting it into an employer's market nowadays- no longer an employee one. Many would just echo, under the influence of Desperate Worker Syndrome: "Be grateful you have a job." A worker's wage is the result of… Continue reading Beginning of the End of Employment

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Brief Cliff Notes on UBC student -> Oilfield Career Timeline

Left UBC when I was 19 after finishing 3/4 years of my Math and Economics degree (with Computer Science and Commerce Minors). Current standing, at this time of writing: Age: 24 Assets: $328,000 814 sq ft. Edmonton Floor 3 condo, $296,000 650 sq ft. Edmonton top floor condo. F83 BMW M4 Cabriolet. Excludes cash and… Continue reading Brief Cliff Notes on UBC student -> Oilfield Career Timeline

Brief Note on Employee vs. Sole Proprietorship vs. Incorporation

- Sole prop vs. incorporated: Sole prop. is cheaper, more simple, less paperwork. But doesn't come with the limited liability, tax deferral, share issue potential, and income flexibility (pay yourself mileage instead of using direct vehicle expense writeoffs, income splitting, tax deferral, can pay salary or dividends, etc.) of a corporation. Some industries will also… Continue reading Brief Note on Employee vs. Sole Proprietorship vs. Incorporation