Toronto Escorts

Do you get jealous of her yearly earnings? Most escorts make more then thier clients?

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Readr

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Dec 6, 2019
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aNyOnE cAn ExPReSs teiIR OPINIONS!!

Freedom of expression doesn’t keep you safe from looking like an idiot though.

I can say 1+1 = 3 as many times as I want. Itll make me look stupid but I *CAN* do it. Freedom is so amazing!
His theory is based on anecdotal claims mostly assumptions but backed by reasonable calculations. These guys aren't making the claim that thier numbers apply to every escort but on average based on what is given. This is isn't stupid, maybe to you because it doesn't fit your narrative as well as the rest of the escorts who want to derail the conversation to a hault - which begs the question: What are you so worried about? We already established that "none of your business" doesn't apply on a online forum. Especially with prostitution business where we can't legally attain the numbers anyway. Hence the online forum makes it a topic for good discussion.
 

Brentt556677

Banned
Oct 22, 2018
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For those of you who haven't already, incorporate your business to bring your taxes down from 30-40% to 16%. I'm all for cash but buying power when it comes to claiming income is powerful. These days, they want us to show NET income on our NOAs to purchase property. And, where you gonna stash all the cash anyway?

http://www.ic.gc.ca/eic/site/cd-dgc.nsf/eng/cs06939.html

Only $200 and takes like 15 minutes. Ask your accountant to back-track all your earnings for the year. Get it done before 2020. If you need help text me.

647.487.7071
What happens when you get audited. All your income have no invoices. Unless you provide invoices for your clients. What about collecting and paying HST for your services. How do you get around that? Lol.
 

Readr

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How exactly are they reasonable calculations? Because Mr. Economist said so? If you can explain why they’re actually reasonable and not absurd as the providers have all said they are, then Id take it more seriously. Even if you don’t have actual data, all I see are assumptions with no reasoning. I actually don’t think his numbers are impossible to achieve but I think the probability of achieving those numbers are low. The avg career based full time provider is comfortably in the middle class income bracket for Ottawa.

I’ve never tried to shut this thread or claim it’s no one’s business. I’m not at all concerned about people discussing rates either. I see flaws in methods that don’t work, I point them out.
Lets go back to fall's 4 statements.

1) Agency girl can easily have 4 hours of clients in 8 hour shift getting paid $160 per hour net (no expenses)

2) Full time is 5 days a week with generous 8 weeks a year vacation/holiday (i.e., 48 total work weeks)
3) (1) & (2) gives $153,600 net a year
4) If indi cannot make $150,000 net (after all expenses) per year, why they work as indi and not for an agency? If they chose to worlas indi, it means one or more of (a) they do not work ful time (b) indi work is less demanding than agency girl work or (c) their business is not run efficiently or (d) The indi model of business is not efficient as a class




For 1) let's assume it's her Second year with consistently great service working for a agency where she'll likely draw the most viewers/customers.

Lets say she gets 3 clients per day working 5 days a week on average. Fall said 4, but we'll make it 3 since it's her second year. We can only assume she'll keep increasing her business as the year goes by, a fair assessment.

3×160×5×48=115200 cash

Even if she gets 2 clients a day, she's making 40/h. Without a degree, that's very impressive to attain in Ottawa. Let's not include tax as her expense because we don't know how much she'll claim since it is not traceable. Whatever her miscellaneous expenses are is up to her and we can only make assumptions on what a average person consumes on a given year and deduct it from that. No point in doing so here. This is a good enough reasoning for her to make working as a agency girl. It is very possible that she can make this much money and I don't see why fall wouldn't think so. And again, because this line of work falls under the shady side of escorting, the actual numbers we may never attain. So again, we'll have to assume reasonably. Which is why most of us are doing here.

2) Can you agree that full time is 5 days a week? It's what most of us, especially government workers are getting. So this is all based on her working 5 days a week to get as many repeat business as she can.

3) For 3 clients a day is 3 hours of work a day. The rest of her time she must stay in the premise. Agreed? Reasonable?

4) I disputed some of his claims on SP vs MAs but bottom line is agency girls make much more then SPs when working 5 days a week with significantly more customer base and with increase business over given years of work.

The probability of attaining these numbers rely on the escort herself but with decent attitude, service and looks, it isn't far fetched. I hate looking at the fake escorts on Leolist and wander why they never disappeared! There must be enough clients to see her as a fake in order for her to make profit. And that's on the lowest end of the market spectrum. We're talking about the highest possible earners - agency girls.
 

FlorenceYi

Celebrating life one date at a time
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Sep 27, 2012
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What happens when you get audited. All your income have no invoices. Unless you provide invoices for your clients. What about collecting and paying HST for your services. How do you get around that? Lol.
do you even think before you post? i am only responding to this post because i dont want other ladies to be discouraged from this person's comment. and I am addressing this comment to sps and other self employed people.

every kind of business is subject to cra auditing - it happens sometimes randomly but most often when you have a reason for them to flag you aka if you report a high income but not a correlating hst amount for example. for the purpose of escorting rates, they would be considered tax inclusive. cra doesn't audit to look for income invoices. if you get audited those invoices are the least of their concerns - you will need to produce bank statements as they will want to see if you are hiding additional income if they dont believe your reported income - which i would gather is rare for the industry of escorting. I know cra has tracked and investigated chinese cash restaurants before (with people going into the establishments and actually surveying the demographic over a period of time) to estimate what income the restaurant should be reporting as a method to catch people evading taxes.. escorts are small fish. so whatever you deposit at the bank should be considered your income. when they audit you, as ive been audited before in another business venture of mine, cra only cares about invoices from your top 5 expenses which you would need to submit proof of (like big equipment such as a computer, etc) there is nothing to 'get around' here. all businesses grossing over 30k need to pay taxes. as a cash business, we dont have to if we dont want to, but im just empowering the ladies that if you want purchasing power, its a good thing to do depending on your situation. you can choose how much you declare anyway. also, there is actually a section for 'escorting' in the cra. ladies, any questions you can ask your accountant. If you need an sp friendly accountant ill send you mine.

Florence: 2 Brent556677: 0
 

asuran

SB destroyed
May 12, 2014
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do you even think before you post? i am only responding to this post because i dont want other ladies to be discouraged from this person's comment. and I am addressing this comment to sps and other self employed people.

every kind of business is subject to cra auditing - it happens sometimes randomly but most often when you have a reason for them to flag you aka if you report a high income but not a correlating hst amount for example. for the purpose of escorting rates, they would be considered tax inclusive. cra doesn't audit to look for income invoices. if you get audited those invoices are the least of their concerns - you will need to produce bank statements as they will want to see if you are hiding additional income if they dont believe your reported income - which i would gather is rare for the industry of escorting. I know cra has tracked and investigated chinese cash restaurants before (with people going into the establishments and actually surveying the demographic over a period of time) to estimate what income the restaurant should be reporting as a method to catch people evading taxes.. escorts are small fish. so whatever you deposit at the bank should be considered your income. when they audit you, as ive been audited before in another business venture of mine, cra only cares about invoices from your top 5 expenses which you would need to submit proof of (like big equipment such as a computer, etc) there is nothing to 'get around' here. all businesses grossing over 30k need to pay taxes. as a cash business, we dont have to if we dont want to, but im just empowering the ladies that if you want purchasing power, its a good thing to do depending on your situation. you can choose how much you declare anyway. also, there is actually a section for 'escorting' in the cra. ladies, any questions you can ask your accountant. If you need an sp friendly accountant ill send you mine.

Florence: 2 Brent556677: 0
Thank you Florence.
 

Brentt556677

Banned
Oct 22, 2018
127
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0
do you even think before you post? i am only responding to this post because i dont want other ladies to be discouraged from this person's comment. and I am addressing this comment to sps and other self employed people.

every kind of business is subject to cra auditing - it happens sometimes randomly but most often when you have a reason for them to flag you aka if you report a high income but not a correlating hst amount for example. for the purpose of escorting rates, they would be considered tax inclusive. cra doesn't audit to look for income invoices. if you get audited those invoices are the least of their concerns - you will need to produce bank statements as they will want to see if you are hiding additional income if they dont believe your reported income - which i would gather is rare for the industry of escorting. I know cra has tracked and investigated chinese cash restaurants before (with people going into the establishments and actually surveying the demographic over a period of time) to estimate what income the restaurant should be reporting as a method to catch people evading taxes.. escorts are small fish. so whatever you deposit at the bank should be considered your income. when they audit you, as ive been audited before in another business venture of mine, cra only cares about invoices from your top 5 expenses which you would need to submit proof of (like big equipment such as a computer, etc) there is nothing to 'get around' here. all businesses grossing over 30k need to pay taxes. as a cash business, we dont have to if we dont want to, but im just empowering the ladies that if you want purchasing power, its a good thing to do depending on your situation. you can choose how much you declare anyway. also, there is actually a section for 'escorting' in the cra. ladies, any questions you can ask your accountant. If you need an sp friendly accountant ill send you mine.

Florence: 2 Brent556677: 0
Wow good job Florence thinking you won 2 whole posts. Great achievement.

There’s no need to get so butt hurt over questions. We know you Miss Business powerhouse here. It’s easy to tell how successful and knowledgeable you are. You the real deal.
 

Amber Glory

Well-known member
Apr 16, 2019
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I actually kinda love this thread now, it's pure comedic gold.. Keep it up! ��

I'm only catching up on things now, and I think my favourite part is when someone said we're not being receptive to listening to the flaws in our business models while also being like "we don't pretend to know anything about their business, we're just making discussions and assumptions!"

Oh oh! And the part where I said my friends make between 15-48k and Ruby was speaking on her and her friends experiences and the guys are like "THIS DOESN'T MATCH UP" without stopping to think about how we're not in the same areas in the industry so of course our numbers don't match up, and Kitten Kinkie is being the most rational one saying we're clearly all different and there's literally no average so none of this matters or makes sense and yet still this thread continued for PAGES ahahahaha I'm loving this, please continue it's making my weekend :')
 

fall

Well-known member
Dec 9, 2010
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do you even think before you post? i am only responding to this post because i dont want other ladies to be discouraged from this person's comment. and I am addressing this comment to sps and other self employed people.

every kind of business is subject to cra auditing - it happens sometimes randomly but most often when you have a reason for them to flag you aka if you report a high income but not a correlating hst amount for example. for the purpose of escorting rates, they would be considered tax inclusive. cra doesn't audit to look for income invoices. if you get audited those invoices are the least of their concerns - you will need to produce bank statements as they will want to see if you are hiding additional income if they dont believe your reported income - which i would gather is rare for the industry of escorting. I know cra has tracked and investigated chinese cash restaurants before (with people going into the establishments and actually surveying the demographic over a period of time) to estimate what income the restaurant should be reporting as a method to catch people evading taxes.. escorts are small fish. so whatever you deposit at the bank should be considered your income. when they audit you, as ive been audited before in another business venture of mine, cra only cares about invoices from your top 5 expenses which you would need to submit proof of (like big equipment such as a computer, etc) there is nothing to 'get around' here. all businesses grossing over 30k need to pay taxes. as a cash business, we dont have to if we dont want to, but im just empowering the ladies that if you want purchasing power, its a good thing to do depending on your situation. you can choose how much you declare anyway. also, there is actually a section for 'escorting' in the cra. ladies, any questions you can ask your accountant. If you need an sp friendly accountant ill send you mine.

Florence: 2 Brent556677: 0
But will you have to pay 13% HST from your reported sales in addition to 16% income tax? Will you also have to pay the actual personal tax rate when you transfer money from corporation to yourself as a person when you need to buy something that is not qualified as business expense? I am not saying that incorporating is a bad thing, it may be good (especially if you defer your personal taxes till retirement), but, I think, it would be still much better to report $50K as personal income and use the remaining cash to pay for everyday cash expenses + stash in a safe (or, if you you need long-term underground saving and want protection against inflation, buy physical gold - it has only about 6% bid-ask spread). Yes, you will lose lots in forgone interest, but gain in tax savings (you will be breaking the law, but the risk is infinitesimal).
 

FlorenceYi

Celebrating life one date at a time
Supporting Member
Sep 27, 2012
405
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Toronto
www.florenceyi.com
But will you have to pay 13% HST from your reported sales in addition to 16% income tax? Will you also have to pay the actual personal tax rate when you transfer money from corporation to yourself as a person when you need to buy something that is not qualified as business expense? I am not saying that incorporating is a bad thing, it may be good (especially if you defer your personal taxes till retirement), but, I think, it would be still much better to report $50K as personal income and use the remaining cash to pay for everyday cash expenses + stash in a safe (or, if you you need long-term underground saving and want protection against inflation, buy physical gold - it has only about 6% bid-ask spread). Yes, you will lose lots in forgone interest, but gain in tax savings (you will be breaking the law, but the risk is infinitesimal).
Yes, of course. Naturally. All income has to be taxed at your marginal tax rate, whatever your bracket is. But very valid point here. You gotta see your own situation and what makes sense. If self-employed income is expected to be below 100k for as long as you can foresee and you don't intend on needing your own numbers to qualify for a mortgage or other loan in foreseeable future, then sure. But the banks look at 2 years history so better to plan ahead. Now, they look at NET numbers - they dont care about your gross revenues anymore. Cash and tax-evading businesses have this issue all the time - they need to keep finding different family members to buy their properties for them.. but now banks won't qualify those family members that don't show reported income anyway. It's just not a sustainable practice.

Your situation talks about the most tax-evading scenario. But let's assume the business owner doesn't want to get audited and will be reporting their income and paying their due 13% taxes and let's not put that into the equation. on personal side, 30-40% off 100k. 16% corporation tax on 100k net income. There's no need to have to pay yourself immediately - as you said you can use deferral and spread out that 100k over a couple years to pay less taxes. Paying the lower tax bracket on the 50k over 2 years seems like a better deal.

Also to consider: how long does an escort expect to be earning her escort money? I just did a bunch of calculations and realized paying the tax on a net 100k+ income is a much better deal compared to all the perks I would get from increasing RRSP contribution room (and more room to grow my moneyyyy) to qualifying for a mortgage at a lower interest rate (did you know a difference of just 2% can increase your total interest owing on a mortgage of 290k or more? That's what you'll get if you want to do a B lender instead of A lender). Use TFSA if you plan to earn more in a future year. Use RRSP if you plan to make less in a future year. Most importantly, have an investing strategy that grows that money. a few 10s of thousands here or there in tax is kinda not gonna do much compared to steady compounded money over time.

I just looked up if I can use my parents' RRSP contribution room recently but I think i'll get audited if I do that..

Uh, to make a comment regarding original thread topic: There's no point in getting jealous of anyone or anything, just UP YOUR GAME, ALWAYS! There's infinite pie slices to go around.
 

RockNRollMachin

Active member
Aug 8, 2019
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I just looked up if I can use my parents' RRSP contribution room recently but I think i'll get audited if I do that..
You can technically transfer money to your parents' bank account or the other way around without it being deemed as an income, as it would otherwise be with say your friend. So once you transfer them the $, they can invest it themselves in their RRSP/TFSA. When you need the $ back, you can get it as easily (provided they comply to the aforementionned contract).

So no, it's not something you could get audited on. But you would definitely be breaking the law if you were doing the same scheme with a friend of yours without declaring it, as all money transfer would have to be added onto their income and thus taxed at their marginal rate, then transfered back to you and taxed again at your marginal rate which obviously makes it a silly unworthy procedure.
 

fall

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Dec 9, 2010
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Physically - yes (even without being paid). Mentally - it is what SPs are getting paid for :)
 

fall

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Dec 9, 2010
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Yes, of course. Naturally. All income has to be taxed at your marginal tax rate, whatever your bracket is. But very valid point here. You gotta see your own situation and what makes sense. If self-employed income is expected to be below 100k for as long as you can foresee and you don't intend on needing your own numbers to qualify for a mortgage or other loan in foreseeable future, then sure. But the banks look at 2 years history so better to plan ahead. Now, they look at NET numbers - they dont care about your gross revenues anymore. Cash and tax-evading businesses have this issue all the time - they need to keep finding different family members to buy their properties for them.. but now banks won't qualify those family members that don't show reported income anyway. It's just not a sustainable practice.

Your situation talks about the most tax-evading scenario. But let's assume the business owner doesn't want to get audited and will be reporting their income and paying their due 13% taxes and let's not put that into the equation. on personal side, 30-40% off 100k. 16% corporation tax on 100k net income. There's no need to have to pay yourself immediately - as you said you can use deferral and spread out that 100k over a couple years to pay less taxes. Paying the lower tax bracket on the 50k over 2 years seems like a better deal.

Also to consider: how long does an escort expect to be earning her escort money? I just did a bunch of calculations and realized paying the tax on a net 100k+ income is a much better deal compared to all the perks I would get from increasing RRSP contribution room (and more room to grow my moneyyyy) to qualifying for a mortgage at a lower interest rate (did you know a difference of just 2% can increase your total interest owing on a mortgage of 290k or more? That's what you'll get if you want to do a B lender instead of A lender). Use TFSA if you plan to earn more in a future year. Use RRSP if you plan to make less in a future year. Most importantly, have an investing strategy that grows that money. a few 10s of thousands here or there in tax is kinda not gonna do much compared to steady compounded money over time.

I just looked up if I can use my parents' RRSP contribution room recently but I think i'll get audited if I do that..

Uh, to make a comment regarding original thread topic: There's no point in getting jealous of anyone or anything, just UP YOUR GAME, ALWAYS! There's infinite pie slices to go around.
Yes, if someone wants to be completely legit and plan for 20+ years ahead, then incorporation is the way to go (even if you'll end up paying extra 13% HST). By the way, Florence's posts made her the sexiest SP on TERB for me: I just love financially smart people :). I did not do any online search, but I doubt she has lots of photos with expensive cars and hand bags despite her really premium rates :)
 

william9437

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Sep 1, 2018
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I would say maximize your rrsp and tfsa contributions -- it really depends on how much your earning though not everyone can max them out. Self directed investing utilizing those accounts is what separates the big from the little fish. Your not gonna make big money having someone manage it for you. Incorporate to protect yourself and shelter your wealth. Pay yourself a salary which supports your lifestyle -no need to pay additional taxes. Oh and be smart with your money! The post above talks about mortgages... get a broker, negotiate a better interest rate (they get paid commission) then bring those rates to your big bank so they can beat it. If you can pay for things yourself only then you are free. Leverage your debt if you have any. Good luck.
 

withpassion

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Apr 6, 2012
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LOL you try getting your hole fucked for three hours a day 5 days a week, shit gets sore
Ya, that's what I've been thinking. I just can't imagine (assuming I was female), sucking stranger's dicks and getting fucked by who knows who many times a day.

Whatever you make, it's just not enough for that!!!

You go girl!!!
 

fall

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Dec 9, 2010
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She has 900 dollar shoes in the photos on her site. Get your cash girl!!
Well, a girl making $200K+ is allowed to have an inexpensive hobby :). And we do not know if she returned them right after the photo shoot (kudos for her if she did, good for her if she enjoys them) or got them for a fraction of the retail price. My money either on "returned" or "at least 30% off". Florence, just to satisfy my curiosity, can you tell us if you really bough (and kept) these shoes and how much you paid for them? Are they a part of the "required business attire" (like expensive suites for lawyers) or you would have bought them for yourself "just because you can afford them"?
 
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