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Proven ways to prepare for risks and plan for opportunities
Proven ways to prepare for risks and plan for opportunities
Here are some strategies:
Here are some strategies:
We may explore other strategies depending on your situation.
Uses of corporately-owned insurance
Uses of corporately-owned insurance
Funding a buy/sell agreement
Protecting against the illness, disability of death of a key-person
Extracting retained earnings tax-free via the Capital Dividend Account (CDA)
Securing collateral for loans (which may make part of the premium tax-deductible)
Uses of personally-owned insurance
Uses of personally-owned insurance
Providing income for the family
Repaying debts such as a mortgage
Final expenses
Estate equalization
Prefunding taxes on the capital gain on the cottage
Charitable giving
Protection from creditors (when properly structured)
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