1-888-451-6133 [email protected]

Corporate Owned Permanent Insurance

 

When should you consider Participating in Whole Life Insurance inside your Corporation? (Permanent Insurance)

  • You’re a significant shareholder in a Canadian Controlled Private Corporation
  • Age 40+ and healthy
  • The corporation has excess annual cash flow and/or investment assets not needed for business purposes. Typically, been in business for at least 5 years.
  • Want to maximize your estate and transfer assets in a tax-efficient manner
  • Looking for stable and predictable asset growth (asset diversification)

 

Suitability Reasons

The more checkmarks the greater the need for this strategy.

✔️  Business Succession plan in place?
✔️  Reduce tax on corporate investment income?
✔️  Desire to pass corporate assets to a beneficiary?
✔️  Have corporate life insurance needs?
✔️  Own taxable passive investment assets?
✔️  Own corporate investments with a deferred capital gain?
✔️  Want a certain amount of estate value guaranteed?

 

Comparing a traditional investment to participating whole life insurance while living and at death

Traditional Investment- CFS Wealth Management

Traditional Investment

Participating Whole Life Insurance (Alternative asset class)- cfs wealth management

Participating Whole Life Insurance
(Alternative asset class)

While Living:

  • Taxes payable on investment income: Interest, dividends, realized capital gains
  • Passive investment income: Pay the highest corporate tax rate, no small business deduction

While Living:

  • Policy earnings grow tax-exempt up to government prescribed limits

At Death:

  • Taxes payable on deferred capital gains
  • Taxes payable on the transfer to shareholders estate

At Death:

  • All policy proceeds are paid tax-free to the corporation (no deferred gains)
  • Death benefit minus adjusted cost base paid out tax-free to shareholders estate through a notional Capital Dividend Account

 

Life insurance is Wealth Protection

Total Wealth = human capital + financial capital

Life insurance is Wealth Protection- cfs wealth management

 

 

Interested in learning more,
Don’t hesitate to reach out to us today.
CFS Wealth 1-888-451-6133 or fill out our contact form.
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CFS Wealth Management works with Canada’s most trusted financial institutions.
About Us

Confidently invest in your future with CFS Wealth Management. We bring together a team of experts professionals, who each provide a unique and proven approach. At CFS Wealth Management Inc. we proudly offer proven financial strategies to create, build, protect and transfer your wealth.

Products
Head Office
22 Kaia Crt
Maple, ON
L6A 4T9

Monday-Friday: 9AM-5PM
Tel: 1.888.451.6133
Email: [email protected]

Secondary
9980 Dufferin St.
Box 20011
Maple ON
L6A4M4

Questions?
Contact us today and begin the process of unlocking your former employer pension plan today!
About Us

Confidently invest in your future with CFS Wealth Management. We bring together a team of experts professionals, who each provide a unique and proven approach. At CFS Wealth Management Inc. we proudly offer proven financial strategies to create, build, protect and transfer your wealth.

Head Office
22 Kaia Crt
Maple, ON
L6A 4T9

Secondary
9980 Dufferin St.
Box 20011
Maple ON
L6A4M4

Tel: 1.888.451.6133
Fax: 1.866.410.2675
Email: [email protected]

Mon-Fri: 8AM - 6PM

Questions?
Contact us today and begin the process of unlocking your former employer pension plan today!
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