Identifying Opportunities with Insurance Based Solutions
We have had the honour and pleasure to serve as the trusted advisor for some of Canada’s wealthiest families, and we have developed professional strategic alliances with financial institutions, legal and accounting firms.
This alliance focus and a belief that the insurance professional should be a trusted advisor on a professional advisory team, allows us to serve clients in the best multi-disciplined approach possible.
Identifying Opportunities with Insurance Based Solutions
We have had the honour and pleasure to serve as the trusted advisor for some of Canada’s wealthiest families, and we have developed professional strategic alliances with financial institutions, legal and accounting firms.
This alliance focus and a belief that the insurance professional should be a trusted advisor on a professional advisory team, allows us to serve clients in the best multi-disciplined approach possible.
Canadian Controlled Private Corporation vs Life Insurance
| Private Corporation | Insurance |
|---|---|
| Passive income (Rent, stock, mutual funds, any investment) 50.7% tax | No tax on investment growth (sheltered) |
| business income Tax 12% < 500k | N/A |
| 27% > 500k | N/A |
| Withdraw dividend (Top eligible tax rate*) 36. 54% tax | Policy Loan against cash value No tax up to ACB of policy. (adjusted cost base) |
| Salary (Top Marginal Rate) 53.7% tax | Loan against cash value. No tax payable on income. |
| Capital gain 50% Inclusion rate Death on shares | CDA credit available No tax (Non-taxable type dividend) |
| Top Non-eligible dividend tax rate* 48.89% tax | CDA No tax (Non-taxable type dividend) |
We are confident that our sophisticated models of personal client service will put you at ease and your finances in exceptionally capable hands. If you are a high net worth individual or an ambitious entrepreneur, contact us today to see how we can assist you with your insurance needs.