Just when i thought you might have a good thing to say you come out with a VERY uniformed statement such as this. Blastor, I dont know where you work but you sure are an AC fan. No matter who you work for can you at least come out with some EDUCATED and NON BIASED information. Your statements have as much credibility as saying "Westjet is no good because I do not like teal". Dude, come on and grow up. I have worked for both sides and at least i can come up with some informed facts. Your statement about stock options? The captain I just flew with has been here for about 6-7 years and exercised his options and was sent a 40K cheque. Not bad for not being in the top 100. If you do work for AC I hope 20 years from now your family isnt as miserable as you are and I hope you don't drag them down with your depression because you hate you job. from now on just make some informed statements before you go shooting your mouth off. It gets kinds boring. You are getting to be like those freaking dufresne furniture flyers i get in my mail box. you hate getting them but they are still just "there" and in the end you throw them out in the garbage. somewhat like your posts.Blastor wrote: Forget the stock options and the PF. They are worthless unless you happen to be among the first 100 employees.
Brainwashed WestJet pilots
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- onezerotenthousand
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There are two main benefits of options vs. cash salary. They are the risk-reward already discussed. The second is that the amount of tax paid on an option is lower that what you pay for your salary in income tax. Options are equity and are thus taxed as a capital gain. Ask your accountant about the difference between a capital gain tax and federal/provincial income tax.
- Hadji Ramjet
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No, options are not taxed as capital. The difference between the strike price and the value when exercised is taxed as income, not capital, although there is an adjustment first added in the Oct 1998 mini-budget. The difference between the value when exercised and when sold is treated as capital and is subject to capital gains tax.
But according to Toronto police financial data obtained, there were 2,718 officers whose total compensation exceeded $75,000 last year
Hydro One and OPG took up a big chunk of the list – with more than 7,000 workers in the $100,000-plus club.
More than 2,000 City of Toronto officials made the list
277 Bus drivers made over 100k
So lets compare apples to melons? AC f/o 26k, Bus driver, hydro 1 janitor, city janitor, TPD cop 100k+.
But tony was right in an airline pilots association of all licensed pilots...
Hydro One and OPG took up a big chunk of the list – with more than 7,000 workers in the $100,000-plus club.
More than 2,000 City of Toronto officials made the list
277 Bus drivers made over 100k
So lets compare apples to melons? AC f/o 26k, Bus driver, hydro 1 janitor, city janitor, TPD cop 100k+.
But tony was right in an airline pilots association of all licensed pilots...
- Hadji Ramjet
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The middle eastern carriers are benifiting from the oil because they are government owned airlines(most of them anyway), and it so happens that those very governments have more money then they know what to do with. I doubt Alberta will be giving money to westjet
RB-211 wrote:I think the price of oil will determine the future of WJ because of two reasons. 1) They fly the arguably the most fuel efficient fleet of aircraft in North America along with their already low cost base. Adding the 787(which will happen) will keep this trend going. 2) Their headquarters and main customer base is sitting on what many experts are saying are potentially the largest oil reserves in the world. Look at the success of Middle East carriers these days carriers if you are wondering why I mentioned that.
Rocket science 101 will teach you that WJ is here and will be here for some time. The question is how much bigger will they get, and how much more market share will they grab from the fire sale in Toronto and Montreal. My money is on a good chunk. Kool Aid or no Kool aid, I know where I would stick my cake.
Tony, go to work.
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Hadji,
Did you not just re-say what I said?
"The difference between the value when exercised and when sold is treated as capital and is subject to capital gains tax."
vs.
"...amount of tax paid on an option is lower that what you pay for your salary in income tax. Options are equity and are thus taxed as a capital gain."
The one thing that I should have said was "options can be equity", not "options are equity".
What am I missing?
Did you not just re-say what I said?
"The difference between the value when exercised and when sold is treated as capital and is subject to capital gains tax."
vs.
"...amount of tax paid on an option is lower that what you pay for your salary in income tax. Options are equity and are thus taxed as a capital gain."
The one thing that I should have said was "options can be equity", not "options are equity".
What am I missing?
Just a 'couple' new airplanes eh! Might want to check your numbers on how many of each are coming are coming. (More in fact than the entire WestJet fleet)
I guess by your count, any startup company that buys ONE new airplane can put in the claim for the 'Newest Fleet in North America!'
I guess by your count, any startup company that buys ONE new airplane can put in the claim for the 'Newest Fleet in North America!'
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comparison debate.
interesting conversations. i enjoyed reading them, and i should say that i learned a lot from it.
- Hadji Ramjet
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No Machiavelli, it was not the same thing. You said, "Options are equity and are thus taxed as a capital gain." That is quite incorrect. Excercising an option never triggers a capital gain. Exercising an option is not the same as selling a share. So, to be specific:
a) the difference between strike price and fair market value at the point of exercise is income; and
b) the difference between the value at exercising and selling is capital.
While the net effect to you may be the same as if both were treated as capital, if you file your T1 that way CCRA may crawl up your butt and reside there for awhile.
a) the difference between strike price and fair market value at the point of exercise is income; and
b) the difference between the value at exercising and selling is capital.
While the net effect to you may be the same as if both were treated as capital, if you file your T1 that way CCRA may crawl up your butt and reside there for awhile.
Its funny to read this .. talking about making life better for others and all. Its all really sweet ... but you don't mean it. Lets be a "little" honest. Everyone cares about number 1 and thats about it. If you really cared about more that yourselves you wouldn't be fighting your own (Jazz Pilots) for airplanes that bring down your salaries, and you wouldn't be fighting to keep them out of "your" airline.
There is a better flow thru agreement between WestJet and Jazz than LOU-18 would ever allow.
There is a better flow thru agreement between WestJet and Jazz than LOU-18 would ever allow.