Master the Concept of Infinite Banking
The Money Blog
Read through our collection of articles on the Infinite Banking Concept (IBC) and other money matters.
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Read more »: What Insurance premiums are tax deductible?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.
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Read more »: Individual Retirement Accounts In CanadaWhat are Individual Retirement Accounts? Canada has many types of retirement accounts that are available. The most commonly discussed around the water cooler are the TFSA and RRSP. However, there are many more to note. You may even have one of these or end up with one in the future. There are LIRA accounts which…
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Read more »: Personal Balance SheetA personal balance sheet is a powerful tool for understanding your net worth and overall financial health. Learn how to track your assets, liabilities, and discover why cash value from whole life insurance could be one of the most valuable—and overlooked—assets on your statement.
The Premier Channel: Bankers Vault
Watch out our latest videos and tutorials on the Infinite Banking Concept and other financial topics.
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Margin Loans vs Policy Loans: They Appear Similar, So What’s the Difference CLICK HERE To Watch The Training👉 https://www.ascendantfinancial.com/yt/webinar 🔎 Resources 👇 Becoming Your Own Banker Book ► https://www.ascendantfinancial.com/yt/byob The Bankers Vault Book Combo ► https://www.ascendantfinancial.com/yt/bundle Watch This ► https://www.youtube.com/playlist?list=PLabDKeNku_F8aBM-55QoEj4vD9mQC5Hpi Wealth Without Bay Street Podcast ► https://www.youtube.com/channel/UCj8ZlieHodxhD0vC75-rq0g?sub_confirmation=1 YouTube Videos ► https://infinitebankingvideos.com Cool Merch ► https://www.ascendantfinancial.com/yt/shop…
The Podcast: Wealth on Main Street
North America’s #1 financial podcast where conversations about money are entertaining and informative. We’re transforming the conversation around money, making it approachable and clear.
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Treating life insurance as an expense could cost you. Henry Wong breaks down a major misconception that permanent life insurance is a specialized asset, but many mistakenly treat premiums as an expense. As he points out, the Income Tax Act clearly states that insurance premiums aren’t deductible. Avoid costly mistakes and make life insurance work…
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ORDER A COPY OF OUR NEW BOOK! Don’t Spread the Wealth: How to Leverage the Family Banking System to Own All the Gold, Make the Rules, and Enjoy Generational Riches https://www.amazon.ca/Dont-Spread-Wealth-Leverage-Generational-ebook/dp/B0CW19QSGT/ Website: https://dontspreadwealth.com/ Your financial statements tell a story. Are you reading yours correctly? Hosts Richard Canfield and Henry Wong dive into the most common…
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