Companies that do not require Training bonds

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iflyforpie
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Re: Companies that do not require Training bonds

Post by iflyforpie »

Wow... and neither does Integra or R1!

It’s almost like things change in 12 years!
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martinlam
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Re: Companies that do not require Training bonds

Post by martinlam »

Any update to this regarding the companies that don't require the training bonds in Canada in 2021?
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Bug_Stomper_01
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Re: Companies that do not require Training bonds

Post by Bug_Stomper_01 »

martinlam wrote: Mon Sep 13, 2021 11:30 am Any update to this regarding the companies that don't require the training bonds in Canada in 2021?
Probably more than less do these days
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PitchLink
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Re: Companies that do not require Training bonds

Post by PitchLink »

martinlam wrote: Mon Sep 13, 2021 11:30 am Any update to this regarding the companies that don't require the training bonds in Canada in 2021?
I’d like to see this too
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schnitzel2k3
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Re: Companies that do not require Training bonds

Post by schnitzel2k3 »

PitchLink wrote: Tue Jan 04, 2022 12:47 am
martinlam wrote: Mon Sep 13, 2021 11:30 am Any update to this regarding the companies that don't require the training bonds in Canada in 2021?
I’d like to see this too
I don't think anything has changed, in fact, probably got worse with airline guys returning to other sectors.
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Bug_Stomper_01
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Re: Companies that do not require Training bonds

Post by Bug_Stomper_01 »

schnitzel2k3 wrote: Thu Jan 27, 2022 10:31 am
PitchLink wrote: Tue Jan 04, 2022 12:47 am
martinlam wrote: Mon Sep 13, 2021 11:30 am Any update to this regarding the companies that don't require the training bonds in Canada in 2021?
I’d like to see this too
I don't think anything has changed, in fact, probably got worse with airline guys returning to other sectors.
Probably correct, supply and demand dictates bonds. Why invest in someone when there’s several previously endorsed candidates out there
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flyingfool
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Re: Companies that do not require Training bonds

Post by flyingfool »

Does anyone know if Training Bonds are tax deductible?
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JerryRig
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Re: Companies that do not require Training bonds

Post by JerryRig »

flyingfool wrote: Fri Apr 01, 2022 10:54 am Does anyone know if Training Bonds are tax deductible?
For the company that has taken ownership of you (your master). :prayer:
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PitchLink
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Re: Companies that do not require Training bonds

Post by PitchLink »

JerryRig wrote: Fri Apr 01, 2022 1:32 pm
flyingfool wrote: Fri Apr 01, 2022 10:54 am Does anyone know if Training Bonds are tax deductible?
For the company that has taken ownership of you (your master). :prayer:
Precisely
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vanislepilot
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Re: Companies that do not require Training bonds

Post by vanislepilot »

flyingfool wrote: Fri Apr 01, 2022 10:54 am Does anyone know if Training Bonds are tax deductible?
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.
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PeterParker
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Re: Companies that do not require Training bonds

Post by PeterParker »

flyingfool wrote: Fri Apr 01, 2022 10:54 am Does anyone know if Training Bonds are tax deductible?
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
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digits_
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Re: Companies that do not require Training bonds

Post by digits_ »

vanislepilot wrote: Fri Jun 10, 2022 6:32 am
flyingfool wrote: Fri Apr 01, 2022 10:54 am Does anyone know if Training Bonds are tax deductible?
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.
I'm pretty sure the money you pay them for your bond is taxable again, to offset the write offs from the training.

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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PitchLink
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Re: Companies that do not require Training bonds

Post by PitchLink »

digits_ wrote: Fri Jun 10, 2022 9:16 am
vanislepilot wrote: Fri Jun 10, 2022 6:32 am
flyingfool wrote: Fri Apr 01, 2022 10:54 am Does anyone know if Training Bonds are tax deductible?
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.
I'm pretty sure the money you pay them for your bond is taxable again, to offset the write offs from the training.

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.
Are we talking what’s paid off in the bond?
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Bug_Stomper_01
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Re: Companies that do not require Training bonds

Post by Bug_Stomper_01 »

PitchLink wrote: Wed Jun 15, 2022 3:09 am
digits_ wrote: Fri Jun 10, 2022 9:16 am
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.
I'm pretty sure the money you pay them for your bond is taxable again, to offset the write offs from the training.

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.
Are we talking what’s paid off in the bond?
It’s deductible but by who is up to how the bond is paid
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Crossthreaded
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Re: Companies that do not require Training bonds

Post by Crossthreaded »

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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PitchLink
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Re: Companies that do not require Training bonds

Post by PitchLink »

Crossthreaded 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…
My last endorsement was two years ago. I was the only guy on course and no bond lol
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Crossthreaded
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Re: Companies that do not require Training bonds

Post by Crossthreaded »

PitchLink wrote: Sun Sep 18, 2022 8:49 am
Crossthreaded 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…
My last endorsement was two years ago. I was the only guy on course and no bond lol
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 facility
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