Sign up to save your podcasts
Or
Share Tax-efficient income for business owners
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Tax-efficient income for business owners
Dividends and salary are the trwo common ways most business owners think of when it comes to taking money out of their corporation.
There is a 3rd, very tax-efficient way, to create tax-efficient income for yourself and it involves a corporately-owned whole life insurance policy.
0:00 Overview of video
1:00 Business owner example
1:44 Features of a whole life policy
5:30 Tax-efficient income
8:20 Tax-free money out of your corporation
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
#taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family
Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax 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 or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.
View all episodes
By Michael DutraDividends and salary are the trwo common ways most business owners think of when it comes to taking money out of their corporation.
There is a 3rd, very tax-efficient way, to create tax-efficient income for yourself and it involves a corporately-owned whole life insurance policy.
0:00 Overview of video
1:00 Business owner example
1:44 Features of a whole life policy
5:30 Tax-efficient income
8:20 Tax-free money out of your corporation
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
#taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family
Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax 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 or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.