To DM or not to DM, that's the question...

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Originally Posted by littleleemur

FYI, the DM insurance is about $2000-$3000 in the Toronto area.

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:p

Thanks guys, my mistake. It is a few hundred just for DM.

The above $000s is with other stuff included. :p

Quote:

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Originally Posted by littleleemur

The above $000s is with other stuff included. :p

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Now i'm intrigued - what is the other stuff included that you mention? - or is it highly secretive?? ;)

Thanks

Quote:

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Originally Posted by lottie

Now i'm intrigued - what is the other stuff included that you mention? - or is it highly secretive?? ;)

Thanks

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well it better be a lot for all those zeros:)

I think the person I asked has a bunch of other things he writes off under the DM umbrella. EMT, Fire Safety co-ordinator (allows us to have big bon-fires, beach bbqs, fireworks, etc), travel guide organizer insurance etc

I'm sure there's more, but I'm a little afraid to ask what specifically :p

It can be written off against income! To the extent of that income, but not below Zero unless there is a demonstrated effort to show profit! Then you have to show profit in three out of five years! So be careful you could find yourself talking to the taxation entity!:confused:

We have deleted some posts and edited some posts to strictly to keep things on topic and to keep things pleasant, so thanks for your understanding. :)