Investor @ Atlasview Equity Partners. Here to learn & share my learnings. DMs open.
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Joined March 2010
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The authors of this book published a case study in 2019 that examined 11m tax returns.
A typical firm owned by the top 0.1% is a regional business with $20m in sales and 100 employees, such as an auto dealer, beverage distributor, or a large law firm.
The 5 largest industries within the top 0.1%:
1) Legal services ($28.6B)
2) Other financial investment activity ($28.2B)
3) Other professional and technical services($8.2B)
4) Offices of physicians ($8.0B)
5) Auto dealers ($6.7B)
Part-way through this book, which was written, at least in part, to get the media and left-wing policy analysts to shift their focus from "tech billionaires" to "other" rich people.
But I don't see how you can read it without coming away inspired by the risk acceptance, ingenuity, patience and hard work of the men and women who build and grow the small-to-medium sized businesses that power our economy.
Jay Vas retweeted
Congratulations to Toronto’s SickKids Hospital: the world’s best children’s hospital for the second year in a row.
Canada’s health care system is one of our greatest strengths. It’s a reflection of our values — powered by the incredible nurses, doctors, researchers, and staff who deliver world-class, life-saving care every day.
ALT Screenshot of an article from CP24. The headline reads: SickKids ranked No. 1 among 250 children's hospitals worldwide.
Jay Vas retweeted
Canada announces 100% depreciation for more assets.
For context, if you buy $100 of equipment for your business, you generally cannot deduct the whole $100 right away. You write it off slowly:
Year 1: $30
Year 2: $14 (20% of the $70 left over)
Year 3: $11 ((20% of the $56 left over)
And so on, for years.
You’ve spent the money today, but the tax savings come over many years.
Canada is now announcing that you can now write off the full 100% in year 1 on many assets including equipment, furniture, software, computers, patents,pipelines, rail tracks, roads, etc.
A few things to keep in mind:
1) This is important because the U.S. already lets businesses do this. So it makes us more competitive.
2) One thing to watch out for is implementation. This is an announcement but not yet law. It’s possible CRA may disallow this until it actually becomes law.
canada.ca/en/department-fina…
Jay Vas retweeted
Every once in awhile, it occurs to me there are millions of small biz owners out there, quietly serving customers' shifting needs, employing people, paying vendors, following regulations, paying taxes, etc. & still managing to make enough $$ to take care of their families.
These people are heroes.
Jay Vas retweeted
We're building our strength at home.
ALT Screenshot of an article from The Globe and Mail. The headline reads: Canada adds 75,000 jobs in July, unemployment rate hits two-year low.
Jay Vas retweeted
Super excited to announce Exonas Capital’s acquisition of Howard Supply Company, alongside our co-sponsor Atlasview Equity Partners and our financing partner Brightwood Capital Advisors.
Howard has been supplying the U.S. oilfield since 1937, and we cannot wait to work alongside CEO Paul Jeffries and the Howard team to build on that legacy through organic growth and disciplined acquisitions.
Onward !
Jay Vas retweeted
Meta is building Canada's largest data centre just north of Edmonton: a $13 billion investment and thousands of jobs coming to the region.
This is why we have spent 25+ years betting on Alberta. Capital follows fundamentals, and people follow jobs.
calgaryherald.com/opinion/co…
Jay Vas retweeted
Drake officially becomes the male soloist with the most #1 hits in Hot 100 history (14).
He surpasses Michael Jackson.
Jay Vas retweeted
#BREAKING: Drake ‘freezes’ CN Tower for release of ‘Iceman’ album cp24.com/local/toronto/2026/…
Jay Vas retweeted
ALT American League Champions: Toronto Blue Jays Pictured: Cutouts of Vladimir Guerrero Jr., George Springer, Addison Barger, Daulton Varsho and Andrés Giménez in various action poses. They wear powder blue Blue Jays uniforms with blue and white lettering. Clinches presented by Budweiser
One step closer xitter.cf/sarthakgh/status/19400…
