Stop Paying Income Tax - Don't Miss This Retirement Game Changer

Stop Paying Income Tax - Don't Miss This Retirement Game Changer

Let's face it, nobody likes paying income tax, especially on income you don't need for retirement. Incorporated business owners face a crushing 54% Passive Income Tax to invest corporate cash in your business. In addition, for each dollar of Passive Income earned above $50,000 you will lose $5 of your Small Business Deduction limit (SMB). Greater than $150,000 of passive income you lose 💯% of your SMD - that's $500,000.

Individuals and couples with a high income tax rate, pay high taxes on your non-registered investment accounts. This is especially frustrating if the you don't need the income to fund your retirement expenses.

The solution is both simple and powerful...Participating Life insurance (also known as Whole Life Insurance). Shifting a portion of your cash into Participating Life insurance, will reduce the taxes on the amount remaining exposed to Revenue Canada (CRA) and the cash inside your insurance experiences compound TAX-FREE growth ‼️

Using your Participating Life insurance as collateral for a loan is the most powerful use of life insurance. Through your deposits into Participating Life insurance you create two assets:
1️⃣ compound growth inside your life insurance and,
2️⃣ a non-taxable income stream via loans.

Video Chapters
00:00 Introduction
01:24 Who should use this strategy
02:23 Business Owner: Passive Income Tax Problem
03:22 Income Taxes for Individuals
04:03 Downsized your home
04:30 Old Age Security Clawback
05:14 Participating Life insurance
06:58 Participating Life insurance Return Rates
07:57 Process to Receive Tax-Free Income

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[ArmandoFalconi-momz]

But it's a loan wouldn't the insurance company be charging you interest on that loan?