2020-10-19

☀️Daily Log:
- First day at work
  - The manufacturing floor seems very hands-on, with lots of tools and components spread out seemingly ready for testing a new idea on a whim
  - A striking difference that I noticed is how well they document institutional knowledge
    - Onboarding information of tools and services to sign up for
    - Meeting notes about design decisions and processes
    - Quarterly plans
    - Descriptions of projects
  - Demographic is relatively young, people seemed to be in their mid 30s
  - The route to the office has a nice bike route, can seriously consider biking to work
- Meeting Deloitte USA for tax
  - For reference Meet with Deloitte to talk about Canadian taxes #personal #finance
  - Non-resident for federal purposes
    - Only US income is subject to federal tax
  - Residence status for state purposes
    - Income from CAN and US is subject to state tax during my time period in US
    - That final income from WSP in the last week will need to be reported
  - Starting next year, if I have more than $10,000 in a foreign bank account I need to disclose
  - Starting Jan 1st, I am a US federal resident
    - TFSA is considered a trust account in US
      - File 3520 form, the penalty of not filing is super high
      - The growth from this account is subject to normal tax
      - Sale of of a mutual fund will be subject to the highest tax bracket
        
        Need to check how the TSFA is invested
      - Sale of short-term or long-term stocks will be subject to preferential rates or normal income tax
  - Selling stock shares will be important for California Tax purposes
  - Make sure TFSA is not invested into Mutual Funds
    - It is not, Wealthsimple is a robo-advisor for stocks and bonds
Retrospective::
- One week ago: [[October 12th, 2020]]
- One month ago: [[September 19th, 2020]]
- One quarter ago: [[July 19th, 2020]]
- One year ago: [[October 19th, 2019]]
Daily Stoic::
- Use good habits to counter bad habits. Don’t just force yourself to stop a bad habit.