Few products act as both a tax exempt wealth transfer vehicle and an asset class in Canada. Life insurance also provides a prompt source of liquidity protecting both your family and the business in a worst case scenario.
There is usually agreement that the company produces the wealth. Life insurance provides a prompt source of tax-free cash when it is needed most. This buys the family the time to make the tough decisions.
Efficient tax planning provides more operating capital for the company as well as consumption capital for you and your family. It is important that a business owner understands the benefits of tax-exempt life insurance from a tax planning perspective.
Effective estate planning makes both the business and the family more tax efficient. Life insurance addresses many complex estate issues and allows for the efficient transfer of wealth from the company and its shareholders to the family.
“High level of professionalism, integrity, service and most importantly a commitment to the relationship.”
- Joe Mota – Owner & Founder,
ProClient Brokers Inc. Milton, ON
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We are pleased to provide you with the latest bimonthly Chartered Life Underwriter (CLU) Comment letter, number 313 for January & February 2019. This edition of COMMENT looks at three issues: testamentary gift planning, tax filing season: a look back and ahead, and benefits … read more
We are pleased to provide you with the latest bimonthly Chartered Life Underwriter (CLU) Comment letter, number 312 for November & December 2018. This edition of Comment looks at four issues: spousal support, combatting tax evasion through increased transparency, easing the financial strain of … read more
We are pleased to provide you with the latest bimonthly Chartered Life Underwriter (CLU) Comment letter, number 311 for September & October 2018. This edition of Comment looks at three issues: total remuneration extends beyond salary, Canadian generosity, and corporate ownership of a … read more
“A government economist emailed a chastisement recently,” wrote Neil Macdonald for CBC News on March 19, 2019. Macdonald continued, “In the most polite language possible, he characterized columnists — me — who worry about endless accumulation of government debt … read more
“Nicholas Surges stood in lines with his roommate all over Toronto for five-and-a-half months,” wrote CBC Radio on February 24, 2019. CBC Radio continued, “They weren’t there for the launch of a cool, new product or to meet a … read more
“The Canadian government has shared more than 1.6 million Canadian banking records with the U.S. Internal Revenue Service since the start of a controversial information-sharing agreement in 2014, CBC News has learned,” wrote Elizabeth Thompson for CBC News on January … read more