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Sitting on $200K in your corp? GICs and high-interest savings feel “safe,” but inside your corporation, you’re losing half to tax. 👎 50.2% on passive income 👎 Potential loss of small business deduction 👎 No long-term strategy Here’s what wealthy business owners actually do: They use corporate-owned permanent life insurance to build tax-deferred value inside the corporation and create tax-free payouts through the CDA. Want to see how this strategy could apply to your corp? 📩 DM me and I’ll sh
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On-screen text/voiceover: COUNTS: ✅ Cash in your bank account (savings, chequing) ✅ Guaranteed Investment Certificates (GICs) ✅ Mutual funds/investments (readily convertible to cash) ✅ Joint accounts with your spouse (if they're applying with you) DOESN'T COUNT: ❌ Real estate equity (your house value) ❌ Borrowed money (from family, friends, loans) ❌ Crypto (usually not accepted) ❌ Pensions (unless fully accessible and liquid). #ProofOfFunds #CanadaImmigration #DontMakeThisMistake #IRCC #Financia
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