Smarten Up with JP & Fab

In this episode JP and Fab cover the ins and outs of transferring assets into a corporation tax-free.

Specifically, they discuss an election in the income tax act found in section 85 (1), commonly known as a "rollover".

The guys discuss the tax risks of transferring physical and intangible assets (such as a business, customer list, sole-proprietorship etc.) into a corporation, how that may be taxed, and how to avoid this tax by making certain elections.

In this episode JP and Fab talk about the CRA’s approach to Bitcoin taxation. Specifically the guys cover the following issues:

How mining transactions are taxed

How taxation applies to using Bitcoin to settle commercial transactions

How Bitcoin trades are taxed

Welcome to episode 9 of Smarten Up with JP and Fab where today we speak with Helder Aguiar and Brad Greenlee of Element Modern Dwellings.

In this Episode we cover:

The ins and outs of building beautiful modern homes

What makes modern design so unique

How to leave the world of 9-to-5 for self-employment

Adapting your business to changing times

Welcome to episode 8 of Smarten Up with JP and Fab.

Today we interview the one and only Greg Foss, a 30 year veteran of the investment industry.

Greg Foss is a well known Bitcoin Bull who believes that Bitcoin is set to hit a $2,000,000 per coin valuation.

In this episode he explains his background in the investment industry, how this led to an interest in Bitcoin, and why he thinks Bitcoin is the future of money and wealth.

Greg moves fast and uses a ton of technical terminology, some of which is covered below:

Equities: This is more commonly known as "stocks" or the stock market. This represents actual ownership of companies.

Bonds/Fixed-Income: This represents the debt markets, or loans, to corporations and governments. This market is much larger than the stock market.

FIAT: This is money issued by a government. Canadian dollars, US dollars etc.

In this episode, Fab and JP discuss the taxation of real property sales.

Specifically, they touch upon the following:

What is the difference between business income and capital gain?

Why the CRA wants business income and why you want capital gains

What is the methodology used to determine the nature of your property sale from a tax perspective?

This episode will be of interest to all Canadian real estate investors.

Welcome to episode 6 of Smarten Up with JP and Fab. In this episode we speak with Jodi Leigh of Jodi Leigh Designs. Jodi walks us through:

- Her transition from healthcare and working 9-5 to self employment in the hospitality industry

- The current state of the hospitality industry in Ontario

- The evolution of her business from inception to now

- Why the ability to adapt is the #1 skill required of an entrepreneur

In this episode JP and Fab speak with realtor Andrea McDonald.

Andrea is a realtor in the Oakville/Burlington area with over a decade of experience buying and selling homes for personal use and investment purposes.

In this episode we cover:

Andrea's background and how/why she got into real estate

Andrea and JP's real estate investment history

Andrea's tips on staging your home for maximum value

Andrea's tips on listing strategies

The general state of the real estate market in Southern Ontario

If you are interested in buying or selling a property or if you'd like to learn about rental properties then this is a great episode for you.

Should I hold my real estate investments personally or through a corporation? This is probably the most common question we get from clients and prospective investors.

In this episode, JP and Fab cover the basics of holding real estate investments in a Canadian corporation including:

What is a real estate holding corporation?

What are the benefits of using a real estate holding corporation?

What are the drawbacks of using a real estate holding corporation?

What are the tax advantages of using a real estate holding corporation?

How self-employed individuals can benefit from a corporate structure.

For inquiries into your own personal situation please contact us at [email protected]

In this episode, JP and Fab dive a bit deeper into holding companies, their uses, benefits, drawbacks, and a couple of other technicalities. This is a great intro into holding companies and will be of benefit to anyone who runs their own small business. The following topics are covered:

1. What are holding companies?

2. What are holding companies used for?

3. How holding companies can be used to limit liability for entrepreneurs.

4. What are the tax benefits of holding companies?

5. When should you not use a holding company?

Welcome to episode 2 of Smarten Up with JP and Fab. Our guest today is the one and only Tom Karadza. Tom is a co-founder of Rock-Star Real Estate, a real estate brokerage focusing on real estate investment. He is also the host of the popular “Your Life Your Terms” podcast. In this episode Tom walks us through his journey from the 9 to 5 world into the world of entrepreneurship and how he and his brother Nick built a business that now employs 70 people from the ground up. He then walks us through his thoughts on the real estate market in Southern Ontario, where one should look for real estate investment opportunities, and how the current interest rate environment will affect real estate prices moving forward.