Sign up to save your podcasts
Or
Share The Passive Income Trap Inside Your Corporation with Michael Baker
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
The Passive Income Trap Inside Your Corporation with Michael Baker
Your corporation earned passive income. Now the government wants a bigger cut of it — and most business owners don't see it coming.
In this episode, Martin sits down with Michael Baker, CPA, to break down Corporate-Owned Life Insurance (COLI) — the strategy accountants use to legally shelter passive income, access tax-free cash, and build wealth inside your corporation.
What we cover: • What the passive income threshold is and why it quietly erodes your small business deduction • How COLI moves investment income outside the passive income test • The Capital Dividend Account (CDA) — and how it gets cash out of your corporation tax-free • How to use your policy's cash value as leverage without triggering a taxable event • When COLI makes sense — and when it doesn't
If you're a business owner with retained earnings or passive income inside your corporation, this one is worth your time.
Book a free strategy call: dundaswealth.ca/apply
Keep What You Build is presented by Dundas Wealth. The content in this podcast is for educational purposes only and does not constitute financial, tax, or legal advice. Always consult a qualified professional before making financial decisions.
View all episodes
By Dundas WealthYour corporation earned passive income. Now the government wants a bigger cut of it — and most business owners don't see it coming.
In this episode, Martin sits down with Michael Baker, CPA, to break down Corporate-Owned Life Insurance (COLI) — the strategy accountants use to legally shelter passive income, access tax-free cash, and build wealth inside your corporation.
What we cover: • What the passive income threshold is and why it quietly erodes your small business deduction • How COLI moves investment income outside the passive income test • The Capital Dividend Account (CDA) — and how it gets cash out of your corporation tax-free • How to use your policy's cash value as leverage without triggering a taxable event • When COLI makes sense — and when it doesn't
If you're a business owner with retained earnings or passive income inside your corporation, this one is worth your time.
Book a free strategy call: dundaswealth.ca/apply
Keep What You Build is presented by Dundas Wealth. The content in this podcast is for educational purposes only and does not constitute financial, tax, or legal advice. Always consult a qualified professional before making financial decisions.