Companies that do not require Training bonds
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Re: Companies that do not require Training bonds
Wow... and neither does Integra or R1!
It’s almost like things change in 12 years!
It’s almost like things change in 12 years!
Geez did I say that....? Or just think it....?
Re: Companies that do not require Training bonds
Any update to this regarding the companies that don't require the training bonds in Canada in 2021?
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Re: Companies that do not require Training bonds
Probably more than less do these days
Re: Companies that do not require Training bonds
I’d like to see this too
- schnitzel2k3
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Re: Companies that do not require Training bonds
I don't think anything has changed, in fact, probably got worse with airline guys returning to other sectors.
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Re: Companies that do not require Training bonds
Probably correct, supply and demand dictates bonds. Why invest in someone when there’s several previously endorsed candidates out thereschnitzel2k3 wrote: ↑Thu Jan 27, 2022 10:31 amI don't think anything has changed, in fact, probably got worse with airline guys returning to other sectors.
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Re: Companies that do not require Training bonds
Does anyone know if Training Bonds are tax deductible?
Re: Companies that do not require Training bonds
For the company that has taken ownership of you (your master).
Re: Companies that do not require Training bonds
Precisely
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Re: Companies that do not require Training bonds
From what I know they are, and I've heard people getting over 20% of it back.
Which is baloney since your operator wrote off your training before you even showed up and is currently sipping mai tais in the carribean courtesy of your bond money.
- PeterParker
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Re: Companies that do not require Training bonds
Someone correct me if I am wrong, but if you had to pay your bond out, it is tax deductible... Consulting a tax lawyer or accountant is obviously the way to go about it in all fairness...
https://www.canada.ca/en/revenue-agency ... costs.html
Re: Companies that do not require Training bonds
I'm pretty sure the money you pay them for your bond is taxable again, to offset the write offs from the training.vanislepilot wrote: ↑Fri Jun 10, 2022 6:32 amFrom what I know they are, and I've heard people getting over 20% of it back.
Which is baloney since your operator wrote off your training before you even showed up and is currently sipping mai tais in the carribean courtesy of your bond money.
Writing off costs is not a magic spell to give you unlimited money. They still pay for the training. The money still needs to be earned and paid. It only affects the taxes they pay.
As an AvCanada discussion grows longer:
-the probability of 'entitlement' being mentioned, approaches 1
-one will be accused of using bad airmanship
-the probability of 'entitlement' being mentioned, approaches 1
-one will be accused of using bad airmanship
Re: Companies that do not require Training bonds
Are we talking what’s paid off in the bond?digits_ wrote: ↑Fri Jun 10, 2022 9:16 amI'm pretty sure the money you pay them for your bond is taxable again, to offset the write offs from the training.vanislepilot wrote: ↑Fri Jun 10, 2022 6:32 amFrom what I know they are, and I've heard people getting over 20% of it back.
Which is baloney since your operator wrote off your training before you even showed up and is currently sipping mai tais in the carribean courtesy of your bond money.
Writing off costs is not a magic spell to give you unlimited money. They still pay for the training. The money still needs to be earned and paid. It only affects the taxes they pay.
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Re: Companies that do not require Training bonds
It’s deductible but by who is up to how the bond is paidPitchLink wrote: ↑Wed Jun 15, 2022 3:09 amAre we talking what’s paid off in the bond?digits_ wrote: ↑Fri Jun 10, 2022 9:16 amI'm pretty sure the money you pay them for your bond is taxable again, to offset the write offs from the training.vanislepilot wrote: ↑Fri Jun 10, 2022 6:32 am
From what I know they are, and I've heard people getting over 20% of it back.
Which is baloney since your operator wrote off your training before you even showed up and is currently sipping mai tais in the carribean courtesy of your bond money.
Writing off costs is not a magic spell to give you unlimited money. They still pay for the training. The money still needs to be earned and paid. It only affects the taxes they pay.
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Re: Companies that do not require Training bonds
Everywhere I look there’s bond requirements for both ames and pilots. I don’t see any jobs out there where their policies allow for un bonded training…
Re: Companies that do not require Training bonds
My last endorsement was two years ago. I was the only guy on course and no bond lolCrossthreaded wrote: ↑Wed Sep 14, 2022 6:35 am Everywhere I look there’s bond requirements for both ames and pilots. I don’t see any jobs out there where their policies allow for un bonded training…
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Re: Companies that do not require Training bonds
That happened to me on my first endorsement. The instructor said usually need a minimum student body count to put them on but they are taking whatever students they can get at that training facilityPitchLink wrote: ↑Sun Sep 18, 2022 8:49 amMy last endorsement was two years ago. I was the only guy on course and no bond lolCrossthreaded wrote: ↑Wed Sep 14, 2022 6:35 am Everywhere I look there’s bond requirements for both ames and pilots. I don’t see any jobs out there where their policies allow for un bonded training…