Category: Financial Education
-
Fundamentals of the Capital Dividend Account
Read more »: Fundamentals of the Capital Dividend AccountOne of the most common questions I get asked by clients around owing their life insurance corporately, is if it is still tax free on death.  The simple answer is “Yesâ€.  When a life insurance policy is owned and paid for by a corporation, and the death benefit pays to the corporation, the full death…
-
What is Asset management?
Read more »: What is Asset management?Asset management refers to the professional oversight of investment funds and client portfolios with an aim towards achieving specific objectives. These could range from maximizing return on investments, reducing associated risks, maintaining steady cash flow among others. This process involves making informed decisions about buying, selling, or reallocating assets based on thorough research and analysis…
-
Reduce Your Exposure To Tax
Read more »: Reduce Your Exposure To TaxThe Infinite Banking concept also known as IBC was pioneered by Nelson Nash. Infinite Banking strategy takes a revolutionary approach toward personal finance. The strategy essentially involves becoming your own bank by utilizing a dividend-paying whole life insurance policy as your bank.
-
Understanding Contingent Beneficiary
Read more »: Understanding Contingent BeneficiaryThe Infinite Banking concept also known as IBC was pioneered by Nelson Nash. Infinite Banking strategy takes a revolutionary approach toward personal finance. The strategy essentially involves becoming your own bank by utilizing a dividend-paying whole life insurance policy as your bank.
-
Infinite Banking Concept
Read more »: Infinite Banking ConceptThe Infinite Banking concept also known as IBC was pioneered by Nelson Nash. The Infinite Banking strategy takes a revolutionary approach toward personal finance. The strategy essentially involves becoming your own bank by utilizing a dividend-paying whole life insurance policy as your bank.
-
Money multiplier – Formula, Definition, Supply, Effect, Calculator
Read more »: Money multiplier – Formula, Definition, Supply, Effect, CalculatorBecoming Your Own Banker is a financial strategy focused on your benefits not the banks. A way to grow your financial success using the power of time tested dividend-paying whole life insurance.
-
How Do Dividends Work?
Read more »: How Do Dividends Work?How do dividends work? Did you know that certain life insurance companies in Canada pay dividends annually to their participating whole life policy owners? Since 1848, Canadians who own these contracts have been receiving annual dividends each year without interruption. Yes, even during the Spanish Flu, the great depression, 30 recessions, H1N1, SARS, the financial…
-
How To Get Tax Free Death Benefit
Read more »: How To Get Tax Free Death BenefitIf retirement is on the horizon for you or a major milestone you want to achieve, set a clear goal, and plan a reward for achieving it to help motivate you. Instead of planning an age or a date focus on a financial target that will produce the quality of life you are looking for.
-
Learn More About Your TFSA Contribution 2022
Read more »: Learn More About Your TFSA Contribution 2022The Tax-Free Savings Account or TFSA has become a very popular investing tool for Canadians. The good news for Canadian families is that each adult can contribute another $6000 into their TFSA accounts this year. That is $6000 in total across all accounts. Indeed, you can have multiple accounts, but you are capped to a contribution max. …
-
Meeting Your Financial Goals
Read more »: Meeting Your Financial GoalsPersonal Finance Canada What comes to mind when thinking of your personal finances? Money makes everyone’s world go round. It is a medium of exchange that provides for our lifestyle today and in the future. Even though we all make money, many of us have little or no knowledge of how it works. It is…
-
Creating A Private Family Banking Strategy
Read more »: Creating A Private Family Banking StrategyWhat is the main cause of concern among wealthy families around the world? Our research shows that families who are remarkably wealthy are keen and deeply concerned about their families’ welfare in the future. They don’t focus only on managing investments of the financial assets they…
-
The Secrets to Paid Up Additions
Read more »: The Secrets to Paid Up AdditionsIn this article, we’ll talk about paid-up additions and how it suits this often neglected, and often misunderstood, financial freedom tool known as participating dividend paying whole life insurance coverage.
