Master the Concept of Infinite Banking

Why Do I Need A Primary Beneficiary? When you have a life insurance policy, you may be concerned with dividing up the benefit amount and who will take responsibility for your children or other dependents after your death. Additionally, there will be many obligations that need to be dealt with when you pass away. Therefore,…

Understanding which insurance premiums are tax-deductible in Canada can be complex. While most are not, exceptions exist—particularly in corporate structures and lender-required policies. This article breaks down the nuances, including how business owners can strategically use life insurance in buy-sell agreements and when deductions truly apply.