Mike Check 1,2,1,2

Did you know you can insure your net corporate income?

Would you pick Job A or Job B?

Do you know what a tax-free capital dividend is?

If you have a credit to your capital dividend account, you can pay tax-free capital dividends out of your corporation.

In this video, I explain how you can credit your corporation's capital dividend account, allowing for tax-free capital dividends to be paid.

0:00 What are capital dividends?

1:26 Real estate example

3:05 Life insurance example

6:20 Whole life insurance example

Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o

Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798

Anchor: https://anchor.fm/michael-dutra

www.michaeldutra.ca

https://www.linkedin.com/in/michaeldutra

#business #consulting #corporation #realestate #estate #children #family #taxes #lifeinsurance #businessowner #taxes #insurance #estateplanning #wealth #finance

Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed.

Will you qualify for the $1,016,836 lifetime capital gains exemption (LCGE)?

I break down how my corporately owned life insurance policy will allow tax-free capital dividends to be paid out of my corporation.

I saved $78,278 in premiums on my $3,000,000 life insurance policy because I'm in good health, here's how I did it...

I've had 4 prospects die while discussing their life insurance.

In 14 years, unfortunately, 4 of my clients died.

Buying life insurance can be an emotional rollercoaster. No one likes talking about dying, but sometimes you have to.

You don't automatically qualify for life insurance. In fact, many people can't get life insurance because of health issues. Life insurance is a privilege and in this video, I share some tips about applying for life insurance.