Archive for the ‘Future Planning’ Category

How to turn your life insurance policy into a TFSA on steriods.

October 1, 2015

This article discusses the advantages for high net-worth Canadians of using a Life Insurance policy as part of an investment portfolio to provide higher rates of return and to pay less taxes, especially for those accumulating wealth in their holding company. New legislation coming into effect in January 2017 has the potential to weaken this strategy but any life insurance policies purchased in 2015 and 2016 will not be affected by the new rules.

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