In This Episode:

• How technology is driving deflation and consolidation of prices
• The future of work in an era of rapid technological change
• Why the global monetary system is already insolvent 
• Can Bitcoin decentralize energy and transform infrastructure?
• The challenge of informing people about the impact of technology and money manipulation 

This podcast is mainly focused on the impact of technology and inflation on the current economic system. Jeff Booth, the author of “The Price of Tomorrow,” argues that technology is deflationary and that the current economic system relies heavily on debt, which could lead to catastrophic consequences if not transitioned properly. 

Booth points out that technology creates deflationary pressures, which drive prices lower and lower, and that the existing monetary system is causing the currency to race to more scarce things like housing. He also argues that labor will go to the marginal cost of production and become close to zero due to artificial intelligence and robotics. 

Booth proposes that we should let prices fall at the natural rate and transition to a system that chases cheap and free energy through Bitcoin. He believes that Bitcoin can decentralize energy production and achieve cleaner and greener energy. 

Dave Sanderson emphasizes the importance of fact-checking and not blindly believing what anyone says, including Jeff. Sanderson believes that while technology has the potential to automate many jobs, it also creates new opportunities for innovation and creativity. He believes that people will always be needed to come up with new ideas and to create new products and services. 

To sum up, this podcast covers technology’s role in the future of work, inflation’s impact on the economy, and the importance of adapting to fast-paced innovation. It suggests exploring eco-friendly options like Bitcoin for a sustainable future. Experts disagree on whether technology will decrease employment or create new opportunities for growth.  

 Connect with Ken Gordon: 

- Website

- LinkedIn

Connect with Dave Sanderson:

- Website

- LinkedIn

In this episode  

• Why Buying Bitcoin Is Like Buying the Whole Internet in 1990 
• How the Pandemic Has Changed Work Culture and Communication Methods 
• Who Is Better Protected in a High Inflationary Environment? 
• What Would Happen to Bitcoin If 1% of the Global Bond Market Moved into It? 
• Predictions for the Future of Bitcoin and the Crypto Market 

In this episode, Dave Sanderson and Mark discuss the potential of Bitcoin as a groundbreaking technology. They compare Bitcoin to the early days of the internet, suggesting that investing in Bitcoin now could be like buying the entire internet in 1990. They also share their insights on the current state of the market and the future of Bitcoin as a currency and an investment. This episode is a must-listen for anyone interested in the world of cryptocurrency and the power of disruptive technologies. 

According to Mark, Bitcoin is the operating system of the cryptocurrency world, and other cryptocurrencies are just applications on top of that system. Investing in Bitcoin has enormous growth and value potential, with the possibility of becoming worth millions per coin if even 1% of the global bond market moves into it. Bitcoin is also a safe haven and a hedge against inflation, making it crucial for protecting assets and earnings in uncertain economic times. 

While not all cryptocurrencies will be successful, Bitcoin and other alternative assets offer asymmetric trades with great growth potential. It's crucial to sift through numerous projects and find the good ones. As suggested by Mark, working-class people should start a business and take Bitcoin as payment to protect themselves, while those who live off of capital and assets should start earning Bitcoin through their businesses and keep it on their balance sheets. 

The adoption of Bitcoin and the rejection of government-issued currencies depend heavily on big money and corporations' participation. As the world becomes more digital and decentralized, it's important to keep an open mind and educate ourselves on these emerging technologies. Buying Bitcoin today could be like buying the whole internet in 1990, a decision that could have a significant impact on our future. Overall, Bitcoin is a crucial investment for those who want to protect their assets and earnings 

 Connect with Dave Sanderson:

- Website

- LinkedIn

Connect with Ken Gordon: 

- Website

- LinkedIn

The digitization of money is upon us, and in this episode of Red Jacket Capital, Dave Sanderson asks Ken Gordon what it would look like if you put a Smart Savings structure around a Bitcoin exposure.  

What would it mean to the investors, and who would benefit? Ken reminds Dave that the policy is there to create legitimate value to charities as a result of you transferring an asset which has grown. But even if Bitcoin drops to zero, the bottom line is that you’ll be up $100K after ten years. 

It’s worth listening in as Ken and Dave discuss the supply and demand incentive of Bitcoin and how it could, in 2023, go hand in hand with a Smart Savings Plan investment. This episode ties together the potential of Bitcoin and the shrewd investment structure that is the Smart Savings Plan.

In This Episode:

-The Bitcoin Standard

-Putting the Smart Savings structure around a Bitcoin exposure

-Why a Bitcoin investment doesn’t affect your cashflow differential from year one to ten

-What happens if Bitcoin goes to zero and you don’t have cash to donate to the charity?

-Why there’s no practical commercial exposure on your ride on the Bitcoin experience

-What happens when you’re cash on cash up $150,000?

-Could a Bitcoin exposure be coming for Smart Savings in 2023?

Connect with Dave Sanderson:

- Website

- LinkedIn

Connect with Ken Gordon: 

- Website

- LinkedIn

Is tax avoidance okay in Canada? Will I be penalized by the CRA for tax planning activities under the General Anti-Avoidance Rule (GAAR)? These are the questions Dave Sanderson and Ken Gordon will discuss in this episode. 

Here's a bit of background. The Westminster Principle gives Canadians the right to plan their affairs to minimize an individual's tax liability. The Canadian judicial system supports that everyone is entitled to manage their tax affairs. However, the General Anti-avoidance Rule (GAAR), enacted in 1988, limits every Canadian's tax planning activities. The GAAR could invalidate a tax transaction if it were determined that it was done with the primary intent of achieving tax benefits. The court uses a three-part test to decide whether or not to apply GAAR in a business transaction. 

So how can Canadian taxpayers protect themselves from triggering the application of GAAR? Understanding the rule of law is the key. But if you are uncertain if the CRA will perceive your tax planning affairs as abusive tax avoidance, you should seek the advice of a tax lawyer or a tax expert. 

Let's hear the conversation around this topic as Dave and Ken interpret the GAAR and how you, as a taxpayer, can exercise your right to manage your affairs and your tax liability. After all, there's a big difference between tax avoidance and tax evasion. And there should be no confusion about it. 

In This Episode:

-What exactly is GAAR?

-What is the difference between tax lawyers and accountants? 

-Let's look at the facts about the Canada Trust Code 

-GAAR vs. the Westminster Principle 

-Why you should not confuse tax avoidance and tax evasion

Connect with Dave Sanderson:

- Website

- LinkedIn

Connect with Ken Gordon: 

- Website

- LinkedIn

Are you a CPA who’s risk-averse and struggling to find the time to understand the Smart Savings Plan™ so that you can advise your clients on whether it’s a good fit for their business or not? 

In this episode, Dave Sanderson chats with Ken Gordon about the paradoxes inherent in this beautifully simple new tax savings structure – but the time and effort it takes to get to the bottom of its complexity. 

They discuss the opportunity that exists for a CPA to come in and chat with EquiGenesis and fully understand how this plan is in no way similar to the ‘bad donation’ tax deals of years gone by. 

This is a frank and forthright conversation where Ken Gordon appreciates the position that CPAs are in, in terms of the fact that every billable hour is spoken for. If you are a Canadian CPA or a business person in Canada looking to nudge your CPA in the Smart Savings Plan™ direction, then this episode is a must-listen for all the concerns raised. Opportunity knocks! 

In This Episode:

-Why the Smart Savings Plan™ is the perfect replacement for flow-throughs

-How Smart Savings Plan™ can work for CPAs

-Why there isn’t much work for CPAs to do when submitting tax returns

-Why CPAs are heavily influenced by ‘bad donation’ tax deals

-Overcoming the CPA’s risk aversion

-Ken Gordon’s patient approach that time will tell, eventually, and CPAs will get on board

Connect with Dave Sanderson:

- Website

- LinkedIn

Connect with Ken Gordon: 

- Website

- LinkedIn

Are you a business owner looking to use EquiGenesis to help manage your affairs to minimize your tax? Dave Sanderson asks Ken Gordon to explain things in layman’s terms so that corporations fully understand and appreciate the tax benefits on offer. 

Is the business owner looking to take money out of the corporation to support their lifestyle, or is the business owner wanting to grow the corporation? These are some of the premises Ken Gordon clearly lays out for the listener.

Canadian businesses will do well to heed Ken Gordon’s advice on how to reduce your tax significantly, in a safe way, to give yourself cash flow, and to stimulate your objectives and your lifestyle. 

So, if you’ve heard of the Cassan case and you have some understanding of the Smart Savings Plan™ – but you’d like to know the specifics of how this can work for your business, then this episode is for you. 

As usual, Dave Sanderson leaves no stone unturned in understanding the key benefits of this tax package for the specified demographic being discussed. This is something that even Dave’s golfing buddies will be able to appreciate and easily understand!

In This Episode:

-Understanding alternative minimum tax

-The CDA opportunity that is restricted to corporations

-Being cash flow positive every year and then making a huge extraction at the end of ten years

-How to use Smart Savings as a powerful tax planning tool

-Why CPAs are comfortable that there is limited downsize with flowthrough shares

-Why business owners should get their tax CPAs to come talk to EquiGenesis 

-Understanding GAAR and how it affects you minimizing your tax

-Tax planning and the Duke of Westminster case – why the law allows you to pay the minimum amount of tax

Connect with Dave Sanderson:

- Website

- LinkedIn

Connect with Ken Gordon: 

- Website

- LinkedIn

Do you understand what it means to have a highly visible, high-income product that works within the tax legislation? That’s the question Dave Sanderson asks his lawyer friends of Equinox’s SMART Savings plan. 

And it’s the question Ken Gordon answers as together Dave and Ken look at how lawyers would see Canada’s smartest long-term tax investment. And the conclusion they come to is that lawyers get it. It’s the hard-working folk of Toronto who need to heed the merits of this plan, start planning now, and reap the tax benefits in ten years’ time. 

This structure has been adjudicated and received a decision from the tax court that addresses every single issue related to the annual interest deductions and the deferral of income. In the absence of a change of law, this is the law. And the Cassan case is EquiGenesis’ case—so no one knows it better than Ken Gordon.  

So, if you’ve heard of the Cassan case and would like to learn how, as a law firm, you can pay in quarterly installments immediately, then this episode is for you. Dave Sanderson also considers this tax structure from the layman’s perspective, asking Ken to double back occasionally and make it crystal clear just how this deal pays out in dollars and cents. 

In This Episode:

-Shelter 40-43% of regular income before you hit the minimum tax threshold

-At 26%, the tax flow value becomes marginal

-The big advantage of not having to worry about minimum tax

-How to tailor the plan for individual circumstances

-Addressing the conservative fear that the CRA might come back and audit this package

Connect with Dave Sanderson:

- Website

- LinkedIn

Connect with Ken Gordon: 

- Website

- LinkedIn

Are you ready to invest in a tax-efficient limited partnership that sounds too good to be true – but actually isn’t? 

In Episode 5 of Red Jacket Capital with Dave Sanderson, Ken Gordon does a deep dive into the tax intricacies of his EquiGenesis SMART Savings Plan™. If you missed the first few episodes of our interview with Ken Gordon, perhaps pause here, listen to those first, and then join us. 

First, Ken Gordon gave us his origin story in Episode 1. Then he gave his tax benefits scheme context by explaining the infamous Cassan case involving the CRA in Episode 2. Then, in the third episode, he unboxed the EquiGenesis SMART Savings Plan™ package with a brief overview of how it works. 

In the fourth episode,  Ken Gordon talked us through all the ‘what ifs’ that Dave addressed — going to great lengths to explain why a $320K loan isn’t all that daunting a prospect. 

Now, to complete this illuminating interview featuring the tax wisdom of Ken Gordon, Dave Sanderson is on hand to elucidate the benefits of the EquiGenesis SMART Savings Plan™ to the layman. In so doing, they prove beyond doubt that while this offer is good, it is not too good to be true. It’s just great business.

Ken Gordon is a man who is passionate about interest expense deductions and patiently goes to great lengths to explain how they are part of the fundamental fabric of tax structure in Canada. His package reduces the carrying cost of debt by creating a tax advantage and therefore plays a small part in inspiring and encouraging the economy to grow. 

Please join us on this audible excursion into the world of Canadian tax law and how it can benefit you and your company.  

In This Episode:

- The three major tax elements: Deductibility of interest

- Deferral of investment returns

- Conversion to mutual trust fund units (and donation)

- The reasonableness of interest rates changing

- Understanding a forwarding agreement 

- Can the CRA come back again and audit this package?

Connect with Ken Gordon: 

- Website

- LinkedIn

Connect with Dave Sanderson:

- Website

- LinkedIn